Traders work on the floor of the New York Stock Exchange during morning trading on May 17, 2023 in New York City. Michael M. Santiago | Getty Images Stocks experienced a modest slide on Thursday as investors on Wall Street analyzed remarks made by Federal Reserve Chair Jerome Powell while keeping an eye on a …
The recent stock selloff in regional banks has raised concerns about the potential delisting of Zions and Comerica from the S&P 500 index. As the fourth- and sixth-smallest companies on the listing, with market capitalizations around $5 billion, they are at risk of being replaced by larger players like Blackstone, who recently joined the index …
Dave McCormick’s second run for a U.S. Senate seat from Pennsylvania was preceded by a lavish party at fashion designer Tory Burch’s Hamptons estate, attended by influential Wall Street figures and held to celebrate McCormick’s new book, “Superpower in Peril.” Among the notable guests were past and current executives from Goldman Sachs, including Lloyd Blankfein, …
Hipgnosis Song Fund (HSF), a UK-based fund that specializes in music rights and royalties, is set to sell some of its song catalogues in order to improve its financial position. The sale, valued at $440 million, includes catalogues from artists like Shakira, Nelly, and Bob Rock. The buyer of the song assets is Hipgnosis Songs …
In this photo illustration, the Warner Bros. Discovery logo is displayed on a smartphone screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Occidental Petroleum, Halliburton, EOG Resources — Shares of oil and gas companies were higher Tuesday after Saudi Arabia extended its voluntary crude oil production cut. Occidental Petroleum gained about 2.5%, …
The Netflix logo is displayed on one of their buildings in Los Angeles, California. Netflix, the streaming giant, experienced a decline of nearly 7% in its stock price after reporting mixed quarterly results. The company posted earnings of $3.29 per share on $8.19 billion in revenue, surpassing analysts’ expectations. However, analysts had anticipated earnings of …
Jamie Dimon, the CEO of JPMorgan Chase, testified during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of the Nation’s Largest Banks” in the Hart Building on September 22, 2022. Image: Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase executives warned on Friday that stricter regulations following a …