Raising taxes on wealthy Americans would ultimately hurt the U.S. economy, according to Gary Cohn, the former Goldman Sachs president who served 14 months as President Donald Trump’s chief economic advisor. “It would be harmful to the economy,” Cohn said in an interview with Leslie Picker on...
Gold prices are hitting eight-month highs, thanks to investors looking for an alternative to stock market volatility. Prices are also being supported by a weaker dollar and buying by global central bankers and Asian jewelry buyers. Gold futures closed above the key $1,300 per troy ounce this...
The stock market could be in for a period of rocky trading to lower levels, as investors work through earnings season and wait for developments on trade, analysts said. Stocks were slammed Monday in a selloff that accelerated on negative earnings news from global cyclical Caterpillar and...
Approximately 21 of the nation’s largest banks have reported their earnings in the past two weeks. In aggregate, these 21 companies posted 2018 earnings of $154.6 billion. The common equity of these companies grew by a net $2.4 billion over the same time frame. Implicit in these numbers is that...
The pan-European Stoxx 600 index rose more than 0.4 percent, with trade-sensitive sectors like autos and basic resources being among the top gainers. A big focus for investors this week has been the unresolved trade battle between Washington and Beijing. The two countries have been trying to...
Hopes for a bitcoin exchange traded fund are being dashed, for now. Cboe Global Markets pulled its application on Wednesday for what would be the first-ever bitcoin exchange traded fund, or ETF, according to a filing with the Securities and Exchange Commission. The SEC’s approval is needed...
One of the world’s largest cryptocurrency exchanges could soon be the first big one to be publicly traded. Singapore-based holding company BTHMB is looking to list in the U.S. by acquiring a publicly traded company here. On Tuesday, a holding company called Blockchain Industries, which trades...
Markets have seen a return of volatility of late, with global indexes suffering big losses in December 2018. Equities around the world have had a slight rebound since — the MSCI International World Price Index is up over 6 percent since the start of 2019. But jitters around big geopolitical...
Check out the companies making headlines after the bell: Shares of Netflix fell as much as 5 percent in after hours trading based on their mixed earnings released Thursday. Fourth-quarter earnings were 30 cents per share which beat analyst’s estimates by 6 cents. Quarterly revenue missed at...
Jack Bogle brought Wall Street investing to the masses and the industry thanked him for it following his death. The father of the index fund passed away Wednesday in Bryn Mawr, Pennsylvania, according to a statement from the company he founded, Vanguard. Among his many accomplishments over 89...
