With the start of the second quarter, Bank of America has a new list of short-term ideas for investors seeking clarity amid ongoing market volatility. The firm compiled a list of high-conviction stock recommendations in a note to clients earlier this week. In the note, chief investment strategist Michael Hartnett noted that investors moved a…
The U.K. finance sector made minimal headway in closing the gender pay gap last year, with some banks stalling — or even undoing — progress, according to new data. Glyn Kirk | Afp | Getty Images The U.K. finance sector made minimal headway in closing the gender pay gap last year, with some banks stalling…
A FedEx delivery man is seen on Chestnut Street in San Francisco on January 11, 2023 as atmospheric river storms hit California, United States. Tayfun Coskun | Anadolu Agency | Getty Images Check out the companies making headlines before the bell Wednesday. Johnson & Johnson — The pharmaceutical giant climbed 2.6% after announcing Tuesday it…
Newly appointed UBS CEO Sergio Ermotti (R) speaks with UBS Chairman Colm Kelleher during a press conference in Zurich on March 29, 2023. Arnd Wiegmann | Afp | Getty Images UBS will hold its annual general meeting on Wednesday morning against a fraught political backdrop, following its takeover of fallen rival Credit Suisse last month.…
Richard Branson’s Virgin Orbit, with a rocket under the wing of a modified Boeing 747 jetliner, takes off for a key drop test of its high-altitude launch system for satellites from Mojave, California, July 10, 2019. Mike Blake | Reuters Check out the companies making headlines in midday trading Tuesday. ServiceNow — Shares of the…
The new normal for crude oil could be $100 a barrel, according to leading energy analyst Paul Sankey. Sankey, ranked number one by Institutional Investor for energy independent research in 2023, sees OPEC+’s surprise production cut paired with supply drivers as major catalysts. “Global oil production capacity really has a problem. I mean we really…
Another morning, another uptrend in futures. Up five days in a row. Since the height of the financial crisis three weeks ago, the S & P 500 is up over 300 points, roughly 8%. There’s not only optimism that the Fed rate hike cycle is ending sometime in the next few months, but now there…
The Etsy website Gabby Jones | Bloomberg | Getty Images Etsy — The e-commerce company’s shares rose 3.9% after Piper Sandler upgraded them to overweight from neutral. The firm said that it thinks Etsy’s marketplace strengths will “help reaccelerate active buyer growth.” Shares are down 9.6% in 2023. Virgin Orbit — The satellite launch company…
A real estate project under construction in Shanghai’s newer Pudong district on Feb. 23, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — More people in China want to buy houses again, according to a first quarter survey released Monday by the People’s Bank of China. The share of respondents planning to buy…
The crypto ecosystem has expanded significantly in recent years. While institutions such as the IMF are starting to embrace its innovation, they are also calling for investors to exercise caution. Jakub Porzycki | NurPhoto via Getty Images Niche cryptocurrency dogecoin spiked more than 30% on Monday after Twitter CEO Elon Musk replaced the blue bird…
