Memo: Thrasio CEO Greg Greeley plans to resign and five other senior executives will “step down when Thrasio emerges from Chapter 11 in the coming weeks”

cnbc.com Thrasio, the top aggregator of Amazon third-party sellers, is losing its CEO and five other senior executives, months after the former highflier filed for bankruptcy. Greg…

Rubrik valued at $5.6 billion after massively oversubscribed IPO prices above range

fortune.com The much-anticipated IPO of Rubrik, which was 20 times oversubscribed, generated some $736 million as shares exceeded the initial pricing range sought by the…

S&P 500 is at risk of crashing 44%

finance.yahoo.com None The S&P 500 is at risk of plunging 44% to around a four-year low, Paul Dietrich said. • None The top strategist explained that selling stocks well before they crash can…

Veteran fund manager updates outlook for stocks after correction

thestreet.com Stocks exploded higher in the first quarter, with the S&P 500 gaining 10%. What’s behind that climb? At the beginning of the year, investors were euphoric about the…

GDP Report: What to Expect in the First-Quarter Report

barrons.com Almost every indicator, from employment and income to business activity and retail sales, has painted a picture of a resilient U.S. economy over the past three months. But…

The Economy Looks Strong. It's on Track to Keep Growing

barrons.com The Economy Looks Strong. It's on Track to Keep Growing—Just Not as Fast. Almost every indicator, from employment and income to business activity and retail sales, has…

Why the Fed keeping rates higher for longer may not be such a bad thing

nbcnews.com With the economy humming along and the stock market, despite some recent twists and turns, hanging in there pretty well, it’s a tough case to sell that higher interest rates…

Goldman Sachs Mulls Exit From Big Tech Investments

thedailyupside.com Goldman Sachs thinks the Big Tech golden era is over. On Wednesday, an executive from the influential investment bank told Bloomberg that its asset management unit is…

Goldman Sachs, Bank of America shareholders reject proposals for CEO-chair split

theglobeandmail.com Goldman Sachs GS-N and Bank of America BAC-N shareholders voted against proposals to divide the CEO and chairman roles at both banks on Wednesday, bucking pressure from…

Spotify CEO is shocked by negative impact of recent layoffs

thestreet.com CEO Daniel Ek has just revealed that he was surprised by the consequences of the company’s layoffs in December. During a recent earnings call discussing Spotify’s…

Goldman's David Solomon survives vote on CEO-chair split

aol.com David Solomon defeated a shareholder proposal seeking to separate his roles as CEO and chairman of Goldman Sachs (GS), but the measure received double the support it did in…

Why Teledyne Tech Stock Sank 12% Today

247wallst.com Teledyne Technologies (NYSE: TDY) suffered one of the steepest losses on Wall Street today, falling 12% on a revenue miss to well below the psychologically sensitive $400…

Billionaire investor Howard Marks says AI's impact doesn't make it immune to a crash

aol.com None AI is transformative, but it's hard to determine its stock winners, Howard Marks told CNBC. • None "Every bubble starts from widespread conviction," he said. • None…

Tesla's earnings report was worse than expected, but Elon Musk has a plan

aol.com None This post originally appeared in the Insider Today newsletter. • None You can sign up for Business Insider's daily newsletter here. Hi! Costco shoppers who scooped up…

Opening Bell: 4.24.24

dealbreaker.com ‘Thunder Run’: Behind Lawmakers’ Secretive Push to Pass the TikTok Bill [NYT]For nearly a year, lawmakers and some of their aides worked to write a version of the bill,…

Pagaya Technologies: An AI Fintech That Insiders Are Buying

insidertrades.com Pagaya Technologies (NASDAQ: PGY) popped up on the Insidertrades.com radar for five transitions made in early April, marking the first insider activity in many quarters.…

Diffblue Launches GitHub Actions Integration for AI-Powered Autonomous Unit Testing

benzinga.com OXFORD, United Kingdom, April 24, 2024 (GLOBE NEWSWIRE) -- Diffblue, the leading provider of AI-powered unit testing solutions, today announced the launch of Diffblue Cover…

Higher Oil Prices Could Give NextEra’s Stock Earnings a Boost

marketbeat.com As markets prepare to shift into the new cycle created by potential interest rate cuts from the Federal Reserve (the Fed), a few specific sectors may have greater odds of…

BlackRock’s Bitcoin ETF achieves record inflows, ranks in U.S. top 10 ETFs

finbold.com BlackRock’s Bitcoin ETF, IBIT, has achieved a significant milestone since its launch in January 2024, securing a spot among the top ten ETFs with the longest streaks of…

3 Red-Hot Biotech Rockets Blasting Off in 2024

investorplace.com These bolstered biotech stocks could increase your portfolio's value through innovative new drugs The economy is currently on a stable trajectory and is poised for sustained…

At The Money: Bill McBride on What Data Matters and What Doesn’t

ritholtz.com At the Money: What Data Matters and What Doesn’t (April 24, 2024) Bill McBride has spent the past 20 years taking apart economic data, creating “opinion-free” analysis of…

Boost your savings fast with the best 18-month CD rates

fortune.com An 18-month certificate of deposit (CD) is a great option for investors looking for higher returns compared to a regular savings account while still enjoying the same level…

Goldman Sachs says escalating price war in China’s EV market could ensnare BYD, push sector into losses

scmp.com “If another 10,300 yuan price cut comes about (in line with our assumption for BYD), we estimate overall industry profitability could turn negative in 2024,” Goldman said.…

Why a stronger dollar is dangerous

economist.com The dollar is looking increasingly formidable. As American growth has stayed strong and investors have scaled back bets that the Federal Reserve will cut interest rates,…

Billionaire Warns US Economy Headed for a Financial Crisis

watcher.guru Billionaire investor Leon Cooperman raised a stark warning that the US economy is headed for a financial crisis. He pointed out that the nation’s skyrocketing debt of $34.3…

Oil prices steady after rallying on US stock decline, business data

investing.com Oil prices steadied above $88 a barrel on Wednesday after rallying in the previous session on a surprise fall in stocks and a drop in business activity in the world's…

Big Earnings

invstr-crunch.zencast.website I am Nora Lee, and on today’s Invstr Crunch we will be discussing Goldman Sachs positive expectations for stock earnings this year and the jump in Tesla.

Wall Street’s top bosses tested by shareholder proposals to strip them of power

aol.com Some of Wall Street’s most powerful bosses are facing new proposals this spring that would strip them of power by separating their CEO and chairman seats. Shareholders at…

US Stock Delivers 530% Profits in 4 Years: Do You Own It?

watcher.guru The US stock market dipped during the COVID-19-induced lockdown sending leading equities into a tailspin. Investors remained cautious for nearly two years but the US stock…

Commodity Market: Crude Oil Forecasted To Fall 10%

watcher.guru The global stock market remains at the receiving end after the conflict in the Middle East between Iran, Israel, and Palestine while the commodity market is benefitting from…

Hong Kong stocks driven to two-week highs on earnings optimism as Ping An and HKEX advance

scmp.com Hong Kong stocks driven to two-week highs on earnings optimism as Ping An and HKEX advance Hong Kong advanced for a third day, driving the benchmark gauge to its highest in…

Goldman Sachs revamps Fed interest-rate bets for 2024 after surprises

thestreet.com A strong economy and higher inflation numbers so far this year have surprised investors, leading them to push back expectations for Federal Reserve interest rate cuts.…

'Reels, Messaging, and AI:' What Wall Street analysts expect from Meta as it gears up for first-quarter earnings

aol.com None Meta Platforms will report its first-quarter earnings on Wednesday after the closing bell. • None Wall Street is optimistic about the social media firm's result, citing…

Transcript: Ashish Shah, CIO GSAM

ritholtz.com The transcript from this week’s, MiB: Ashish Shah, CIO, Public Investing, Goldman Sachs Asset Management, is below. You can stream and download our full conversation,…

The Top Manufacturing Stocks to Buy in April 2024

investorplace.com Manufacturing companies are vital for investors to keep within their portfolios and for the economy to subsist and expand. Industrials should be a major portion of any…

Billionaire Columbia donor Leon Cooperman slams student protesters

businessinsider.com Leon Cooperman, a billionaire Columbia donor, has spoken out against the protesters on campus who are calling for a divestment from Israel. (Scott McIntyre/for The…

General Motors' Potential In EV Transformation Weighed By Analysts After Q1 Beat- Was This a 'Prove Me' Quarter For CEO Mary Barra?

benzinga.com General Motors Company GM shares are trading higher on Tuesday after raising its outlook for FY24, following a first-quarter beat. General Motors projects adjusted earnings…

Elon Musk's Diverse Investments: The Billionaire's Secret Weapon

benzinga.com Elon Musk’s financial success has been nothing short of extraordinary, especially as he thrives while other sectors of the economy struggle. What’s his secret weapon? Musk…

UK bankers warned of ‘severe losses’ if they fail to monitor private equity exposures

theguardian.com UK banks are leaving themselves open to “severe, unexpected losses”, by failing to properly measure how exposed they are to the $8tn private equity industry, the Bank of…

US Dollar Will Remain ‘Stronger for Longer’, Says Goldman Sachs

watcher.guru The US dollar is outperforming all local currencies this month and is now among the top-performing assets of 2024. Copper, gold, and the US dollar are the top most…

China stocks could surge 20-40% on untapped reform upside

investing.com Since 2021, China stocks have been on a downward trend, prompting the government to implement a series of measures aimed at rejuvenating the market. In August 2023, the…

Luxury hotels are having a glorious moment

economist.com IN DONCASTER, A town in northern England, $100,000 will buy you a four-bedroom house. In Dubai, it will get you a four-bedroom penthouse—for a night. The Royal Mansion, the…

Demand is soaring for capitalism’s emergency surgeons

economist.com With stockmarkets on a tear and the global economy surprisingly buoyant, plenty of pundits are regretting gloomy warnings of tough times ahead for businesses and investors.…

First Steven Mnuchin bought into NYCB, now he wants TikTok

economist.com Time served on Wall Street has long smoothed the path to the top job at America’s Treasury. Before he was the first treasury secretary Alexander Hamilton could boast, among…

Is the bull market about to turn into a bubble?

economist.com Two years ago, pretty much everyone agreed that one of the great bubbles was bursting. An era of rock-bottom interest rates was coming to a close, shaking the foundations of…

Stockmarkets are booming. But the good times are unlikely to last

economist.com Everywhere you look, stockmarkets are breaking records. American equities, as measured by the S&P 500 index, hit their first all-time high in more than two years in January,…

Bankers have reason to hope Trump triumphs

economist.com Have you noticed that America’s bankers are seething over proposed new capital rules? What gave it away? Perhaps it was the advertisements that warn of dire consequences for…

China’s stockmarket nightmare is nowhere near over

economist.com Running China’s securities watchdog is a perilous job. A market rout can end your career, or worse. On February 7th, after weeks of stockmarket instability, Yi Huiman, the…

Why ONDO Keeps Surging on Bankless

bankless.com Is BlackRock's onchain movement going to trigger an RWA tidal wave? , capping ~100% in weekly gain despite the crypto market's rough past week. Is the surge over, or is…

STREANN'S TV 3.0 WINS PRODUCT OF THE YEAR AWARD AT NAB SHOW 2024

benzinga.com MIAMI, April 23, 2024 /PRNewswire/ -- Streann proudly announces its recognition as an industry leader at the sixth annual Product of the Year Awards, held live during the…

US unemployment would be higher if illegal immigration were counted correctly: Goldman Sachs

foxbusiness.com The U.S. unemployment rate would be higher if the government properly accounted for the recent surge in illegal immigration, according to a new analyst note from Goldman…