Marketing
- Treasury Yields, Dollar Fall As Fed Expected To Cut Gradually October 15, 2024The WSJ Dollar Index was slightly lower. Data due this week is unlikely to alter the outlook for Fed moves.
- Goldman Sachs' Wall Street Businesses Gain Steam, Sending Profit Up 45% October 15, 2024The bank posted strong growth in investment banking and asset and wealth management.
- Don't Chase China's FOMO Rally October 15, 2024Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.
- Stock Futures Flat as Goldman Sachs, Bank of America Report Earnings October 15, 2024Stock futures were little changed as investors focused on bank earnings.
- IEA Trims Oil-Demand Forecast for Third Consecutive Month October 15, 2024The International Energy Agency trimmed its forecast for this year’s oil-demand growth for the third month in a row, as a rapid slowdown in Chinese consumption weighs on the global outlook.
- Gold Futures Tick Up Slightly as Market Awaits More U.S. Data October 15, 2024Gold futures broadly held ground near their all-time high and appeared well-supported by safe-haven demand as geopolitical tensions continued to simmer in the Middle East, but any significant gains are capped by a stronger dollar and Treasury yields, market watchers said.
- Oil Plunges on Easing Iranian Supply-Disruption Fears, Weaker Demand Outlook October 15, 2024Oil prices fell 4% in early European trade following a report suggesting Israel was planning a more limited counter-strike against Iran than some had anticipated.
- German Bund Yield Trades in Tight Range, Prone to Weakness October 15, 2024The tight trading ranges in recent days shouldn’t mask German Bunds’ specific weakness beneath the surface, Commerzbank Research said.
- He Was a Monk, Then a Billionaire and Now an Alleged Tax Cheat October 15, 2024Michigan philanthropist Manoj Bhargava made a fortune on his path to enlightenment, and he doesn’t want to share it with the U.S. government.
- The WSJ Dollar Index Rises 0.3% to 97.87 October 14, 2024The WSJ Dollar Index was up 0.3% to 97.87 — higher for two consecutive trading days.
- Nasdaq Leads Gains; Dow Closes Above 43000 October 14, 2024The S&P 500 and Nasdaq added 0.8% and 0.9%, respectively. The Dow Jones Industrial Average rose 0.5%. Oil prices fell after China failed to provide details on a stimulus plan.
- U.S. Natural Gas Falls, Waiting for Weather to Turn October 14, 2024U.S. natural gas futures fell sharply as production picked up with little near-term weather-driven demand seen beyond a cold shot expected midweek into the Midwest and Northeast.
- Citi Sees Possibility of $120 Oil if Supplies Are Disrupted October 14, 2024Crude oil prices could jump if supplies are disrupted by conflict in the Middle East, analysts at Citi Research said.
- Comex Gold, Silver Settle Lower October 14, 2024Gold futures lose some ground, with the front-month contract finishing down 0.4% to $2,657.80 an ounce.
- Credit Cards Don't Require Signatures. So Why Do We Still Sign? October 14, 2024Putting your John Hancock on receipts has been optional since 2018, even on restaurant checks.
- Euro Bank Bond Supply Likely to be Limited Ahead of ECB Rate Decision October 14, 2024Eurozone bond yields eased as investors anticipate ECB rate cuts this week, DHF Capital S.A. said. The U.S. bond market is closed Monday for a holiday.
- OPEC Further Trims Oil-Demand Outlook October 14, 2024The Organization of the Petroleum Exporting Countries further trimmed its forecast for oil-demand growth, as it prepares to bring some barrels back into the market despite weaker global prices.
- Costco Members Are Buying Platinum. Should You? October 14, 2024The bull case for platinum rests on a more realistic view of the world’s shift away from fossil fuels.
- Would a Time Machine Make You a Great Investor? October 14, 2024Traders who got a peek at dozens of real Wall Street Journal front pages mostly couldn’t make money. Here’s why.
- Oil Falls on Chinese Demand Concerns October 14, 2024Oil prices fell in early European trade on persistent concerns over the demand outlook in top crude importer China.
Business
- Goldman Sachs beats on profit and revenue as stock trading and investment banking boost results October 15, 2024Wall Street trading and investment banking has helped the big banks this quarter, and Goldman Sachs results showed why they are a leader in those areas.
- Bank of America tops estimates on better-than-expected trading revenue October 15, 2024Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.
- Walgreens says it will close 1,200 stores by 2027, as earnings top estimates October 15, 2024The drugstore chain Walgreens said it plans to close roughly 1,200 stores over the next three years, which includes 500 closures in fiscal 2025 alone.
- Boeing to raise as much as $25 billion to shore up balance sheet October 15, 2024The equity or debt raise of up to $25 billion would be over three years Boeing said.
- Boeing factory strike crosses 1-month mark as pressure mounts on new CEO October 14, 2024Boeing's CEO Ortberg will answer to investors in his first Oct. 23 earnings presentation as the aerospace giant faces swirling crises.
- Boeing to cut 17,000 jobs as losses deepen during factory strike October 14, 2024Boeing said it will lay off about 10% of its workforce as its losses deepen from an ongoing factory strike.
- Delta pauses hot meal service on dozens of Detroit flights citing 'food safety issue' at caterer October 14, 2024Delta said its caterer "immediately shut down hot food production" and then suspended operations from the Detroit facility.
- SpaceX’s Starship rocket completes fifth test flight, lands booster in dramatic catch October 13, 2024SpaceX launched its fifth test flight of its Starship rocket on Sunday, taking a major step forward in the vehicle's development.
- Trump or Harris? Here are the 2024 stakes for airlines, banks, EVs, health care and more October 13, 2024With the U.S. election less than a month away, the country and its corporate sectors are staring down two drastically different options.
- Jamie Dimon says geopolitical risks are surging: 'Conditions are treacherous and getting worse' October 11, 2024JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East.
- WNBA to expand Finals to 7 games, add to regular season next year October 11, 2024The WNBA is changing its Finals series to seven games and adding four games to its regular season starting next year.
- JPMorgan Chase shares pop 5% after topping estimates on better-than-expected interest income October 11, 2024JPMorgan said profit fell 2% from a year earlier to $12.9 billion, while revenue climbed 6% to $43.32 billion.
- Jeff Shell is about to lead Paramount. He may have runway to make bold changes he couldn't at NBC October 11, 2024Clues about what may be in store for Paramount Global can be seen in how Jeff Shell ran NBCUniversal — including some ideas that never got off the ground.
- Wealthy millennials and Gen Z are redefining philanthropy October 10, 2024Wealthy donors under the age of 43 are more likely to volunteer, fundraise and act as mentors for charitable causes rather than just give money.
- The Fed is finally cutting rates, but banks aren't in the clear just yet October 10, 2024When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.
- Delta says travelers are trading scorching summer Europe trips for fall getaways October 10, 2024Delta and other airlines have said many travelers have been booking Europe trips after the traditional summer peak.
- United plans flights to Greenland, Mongolia and northern Spain in search for next 'it' destination October 10, 2024United is expanding its summer 2025 travel schedule with off-the-beaten track destinations.
- Robert Kraft, professional sports leagues join forces with campaign against antisemitism October 10, 2024New England Patriots owner Robert Kraft and his foundation unveiled an ad titled "Time Out Against Hate" on Thursday in collaboration with major sports leagues.
- Delta sales guidance disappoints, CEO says airline expects lower demand around the election October 10, 2024Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays.
- CVS, UnitedHealth, Cigna say FTC should take Lina Khan and two commissioners off drug middlemen case October 9, 2024The companies argue the commissioners have "a lengthy track record of making public statements that indicate serious bias" against pharmacy benefit managers.