Opening Bell: 3.18.24

dealbreaker.com U.S. appeals court temporarily pauses SEC climate disclosure rules [Reuters via CNBC]The 5th U.S. Circuit Court of Appeals granted request for an administrative stay of the…

Ted Pick takes charge of Morgan Stanley

economist.com WHEN JAMES GORMAN took the helm at Morgan Stanley it was barely afloat. His tenure as the bank’s chief executive began on January 1st 2010, in the teeth of the global…

Wall Street bosses cheer investment banking gains but stay cautious

theglobeandmail.com Wall Street’s bosses are finally seeing signs of a broader pickup in investment banking, but they are not cheering too loudly just yet. Investment banking divisions showed…

Tesla Stock Heads For 2024 Lows As Investors Await Q1 Earnings For Clarity On Elon Musk's Big Bet On Autonomy

investors.com headed for new year-to-date lows Tuesday as Chief Executive Elon Musk focuses on autonomy as the next "phase of growth" for the company. But without details, investors and…

What If Fed Rate Hikes Are Actually Sparking US Economic Boom?

finance.yahoo.com As the US economy hums along month after month, minting hundreds of thousands of new jobs and confounding experts who had warned of an imminent downturn, some on Wall Street…

Three Key Takeaways From Big Bank Earnings

wsj.com Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected quarterly results thanks to a resilient economy, strong consumer spending and a…

A popular YouTuber's negative video of Humane's AI Pin raises questions about critical reviews in the age of innovation

aol.com None This post originally appeared in the Insider Today newsletter. • None You can sign up for Business Insider's daily newsletter here. Hello there! If you're struggling to…

Tesla stock tests 1-year lows as market cap drops below $500 billion By

investing.com Tesla (NASDAQ: ) stock extended its decline on Tuesday, which pushed the company’s market capitalization to below $500 billion. Minutes after New York opened, Tesla shares…

Bitcoin is about to undergo another 'halving' event. Here's why that could send its price soaring

aol.com None The fourth-ever bitcoin "halving" event is set to take place this week. • None Previous halvings have powered the crypto higher by cutting the number of new tokens in…

SMCI stock could surge 70% from here

investing.com A new research note from Loop Capital suggests Super Micro Computer Inc (NASDAQ: ) stock's impressive rally may have further room to run. Loop Capital assigns a…

JPMorgan and other big banks leading on AI ‘are really doubling down.’ Is it too late for competitors to catch up?

aol.com Good morning. During a panel session at the Fortune Brainstorm AI conference in London on Monday, experts discussed the big banks that were early adopters of AI, how to…

JPMorgan and Codat Team to Drive Virtual Card Adoption

pymnts.com Business data API provider Codat and JPMorgan Chase have teamed to promote virtual card adoption. It’s the thinking behind the launch of Codat’s Supplier Enablement data…

Retail Investors Can Follow Goldman Sachs' Moves This Quarter

marketbeat.com The most expected time of the quarter is here. Earnings season for financial stocks has kicked off, letting investors gain insight into the pulse of the global financial…

European bank stocks are a better bet than U.S. peers, says JPMorgan

marketwatch.com Investors should consider buying European bank stocks ahead of their U.S. counterparts, according to analysts at JPMorgan.

Jamie Dimon made $183 million from selling JPMorgan stock

aol.com None Jamie Dimon has raked in $183 million from his planned sale of 1 million JPMorgan shares. • None JPMorgan's CEO sold stock worth $33 million on Monday, after selling a…

10 things to watch in the stock market Tuesday: Morgan Stanley beats, Nvidia call

cnbc.com 10 things to watch Tuesday, April 16 The stock market is trying to stabilize after a couple of nasty days in a row as the attention shifts to corporate earnings, which are…

Analysts weigh in on 'far-reaching' Tesla layoffs as stock extends slump

thestreet.com Tesla shares extended declines Tuesday, pulling it close to the lowest levels since last spring, following the group's largest-ever job cuts, which have analysts and…

Jamie Dimon’s JPMorgan and other North American banks are so far ahead in the AI race that one indexing boss says it’s now a question of ‘Can others catch up?’

fortune.com While the likes of Google, Amazon and OpenAI battle it out in Big Tech for the top spot, JPMorgan is quietly winning Wall Street’s own contest: leading the AI race in…

UPDATE 2-Bank of America profit falls on lower customer interest payments

finance.yahoo.com Bank of America's first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards. BofA is among the large…

Bank of America profit falls on lower customer interest payments

finance.yahoo.com Bank of America's first-quarter profit fell as its consumer division weakened and the lender wrote off more loans, particularly for credit cards. BofA is among the large…

Wall Street Strategists Say Stocks Pullback Risks Forced Selling

finance.yahoo.com Exposure to stocks is now so high that any weakness is likely to set off a bigger slump once investors start to cut back on their long positions, according to top Wall…

European and Asia Stocks Fall Amid Uncertainty From Middle East

barrons.com Stock markets in Asia and Europe fell on Tuesday on concerns that growing geopolitical worries could lead to higher oil prices and faster inflation, keeping interest rates…

Asia markets sell off amid Iran-Israel tensions; China's GDP beats expectations

cnbc.com A batch of cars are ready to be shipped to overseas markets at the port of Taicang, Jiangsu province, China, April 9, 2024. Asia-Pacific markets sold off as the world awaits…

Jamie Dimon cashes out more JPMorgan stock, bringing his total share sales this year to $183 million

finance.yahoo.com JPMorgan Chase Chairman and CEO Jamie Dimon on Monday sold $32.8 million in the bank’s stock, bringing the total proceeds from shaving off a portion of his ownership stake…

Market pullback is 'buyable dip': Strategist on Mideast risk

finance.yahoo.com US equities (^GSPC, ^DJI, ^IXIC) are sliding in Monday's trading session as markets are in wait-and-see on potential escalations in Middle Eastern conflicts. Conversations…

Goldman Sachs Forecasts AI Growth As Q1 Results Beat Expectations

coingape.com Financial Giant Goldman Sachs reported an upbeat result for the first quarter of 2024, beating estimates. But the most important note in the results was the firm’s…

StubHub Eyeing IPO, Aiming for $16.5B Valuation: Report

billboard.com Online ticket resale platform StubHub is considering going public as soon as this summer if it can secure a valuation of more than $16 billion, according to media reports.…

Goldman Sachs Leans On ‘Core Strengths’ to Crush Q1 Earnings

thedailyupside.com They say you are a reflection of the company you keep. That’s no less true for Goldman Sachs, which has rekindled its relationship with the rich. After a U-turn away from a…

China's need for oil has been calming down military conflicts worldwide, analyst says

aol.com None China's stance in oil markets may be easing aggression between producers, Paul Sankey told CNBC. • None "A big part of that is China standing behind the curtain and…

US Retail Inventories Climb in February

pymnts.com Retail inventories climbed in February after being flat the prior month. According to the Commerce Department’s Monthly Retail Trade and Food Services report released Monday…

Stock Market today: Dow slides on geopolitical tensions, spike in Treasury yields By

investing.com Investing.com -- The Dow slumped Monday, pressured by a spike in Treasury yields as geopolitical tensions and stronger-than-expected retail sales data dented expectations…

Wall Street still isn't fretting about geopolitics, even after Iran attacked Israel

finance.yahoo.com None Wall Street has had a muted reaction to Iran's attack on Israel so far. • None US stock futures rose in Monday's premarket, while benchmark oil prices dropped. • None…

Elon Musk Agrees With Jamie Dimon's Warning Of Political Polarization 'Creating Risks That Could Eclipse Anything Since World War II'

finance.yahoo.com JP Morgan Chase & Co. (NYSE:JPM) CEO Jamie Dimon's annual shareholder letter is a moment investors await to understand the thinking of one of the world's most influential…

Businesses Increasingly Susceptible to Data Breaches Through Third-Party Vendors

pymnts.com In today’s digitized operating environment, a business is only as good as its cyber defenses. And with Change Healthcare reportedly facing a new ransomware attack following…

Recent IPO Astera Labs Gets Bullish Analyst Coverage

investors.com Recent initial public offering Astera Labs (ALAB) nabbed a bunch of buy ratings on Monday as Wall Street analysts initiated coverage of the chipmaker. The IPO stock rose on…

Oil prices could spike 11% as Middle East turmoil sparks a decades-long inflation spiral, market veteran says

aol.com None Iran's weekend bombardment of Israel could push Brent crude to $100 a barrel, Ed Yardeni wrote in a note. • None It's reminiscent of the 1970s energy crises that…

Don't bet on earnings season to push stocks much higher, JPMorgan says

aol.com None Investors shouldn't bank on strong earnings juicing further stock gains, JPMorgan strategists say. • None Prices are already stretched, and there's a notable gap this…

Apple is no longer No. 1 in smartphones. Here's why that may not matter

cnbc.com New data showing a sharp decline in iPhone shipments due to weakness in China is unwelcome news for investors in Apple. That may not matter much, though, if it delivers on…

Here are Monday's biggest analyst calls: Nvidia, Apple, Meta, Intel, Cisco, Reddit, Netflix, IBM, MGM & more

cnbc.com Here are the biggest calls on Wall Street on Monday: Morgan Stanley reiterates Apple at overweight Morgan Stanley said it sees upside to its iPhone build forecast for Apple.…

SkyBridge’s Scaramucci on ‘radioactive’ memecoins and why we should follow Larry Fink

dlnews.com Anthony Scaramucci’s fund Skybridge Capital holds some Bitcoin, Solana, and Ethereum. But he won’t touch memecoins — even though they’ve achieved 1,000% returns amid a…

Retail Sales Accelerate in March, but ‘Leisure’ Spending Is Uneven

pymnts.com Retail sales accelerated in March from February’s gains — indicating that, generally speaking, consumer spending still can overcome the pressures of inflation. But the data…

Lloyds Bank Appoints Linda Weston as Head of Commercial Cards

pymnts.com Lloyds Bank Business & Commercial Banking has appointed Linda Weston to the newly created position of head of commercial cards, effective in June. Weston will join the bank…

First Quarter Bank Earnings Brought The Revival That Wall Street Needed

benzinga.com The first quarter reports officially kicked off with bank earnings, as usual. On Friday, Wells Fargo & Company WFC, JPMorgan Chase & Co JPM and Citigroup Inc C opened the…

Lockheed Martin Upgraded, Defense Stocks Rise After Missile-Heavy Weekend Over Israel

investors.com Lockheed Martin receives upgrade from JPMorgan, $4.1 billion missile contract. Defense stocks rise after Iran attacks Israel. The post Lockheed Martin Upgraded, Defense…

Goldman Soars On "Near-Perfect" Top To Bottom Beat As Solomon Sees Rebound In Dealmaking

zerohedge.com Goldman Soars On "Near-Perfect" Top To Bottom Beat As Solomon Sees Rebound In Dealmaking With JPMorgan tumbling on Friday on a net interest income miss and disappointing…

Reddit Analyst Points To 'Low-Hanging Fruit' That Could Mean 20% Revenue Growth In 'Next Few Years'

benzinga.com Investing in Reddit, Inc RDDT the social media platform renowned for its diverse range of communities, has captured the attention of many stock market enthusiasts. As Reddit…

What the Perma-bears Get Wrong About the Stock Market

theatlantic.com War in the Middle East. War in Ukraine. Rising oil prices. Inflation still hovering above 3 percent, and mortgage rates above 6 percent. The possible reelection of Donald…

Earnings season is here. These are the biggest storylines the market is watching

aol.com None This post originally appeared in the Insider Today newsletter. • None You can sign up for Business Insider's daily newsletter here. Welcome back! We're ready to crown a…

UnitedHealth's first-quarter report will offer a window into Change cyberattack costs

cnbc.com UnitedHealth Group's first-quarter earnings call will mark the health care giant's first major public comments since a cyberattack on its Change Healthcare billing and…

Goldman Sachs Surges On Blowout Earnings Report

investors.com Goldman Sachs spiked early Monday after trouncing forecasts for its Q1 earnings report. GS shares were among the top premarket gainers in the Dow Jones Industrial Average.…

Dow Jones, Nasdaq, S&P 500 weekly preview: Q1 earnings season kicks off By

investing.com On Friday, stocks on Wall Street retreated as concerns over inflation and geopolitical tensions weighed and a broader decline in banking stocks weighed on investor…

Goldman Sachs profits surge ahead to beat forecasts

euronews.com The Wall Street giant's investment banking and trading business drove the results past analysts' estimates. Goldman Sachs has surprised analysts its report of a double-digit…

Futures, Bitcoin Jump, Oil Drops As Markets Move Beyond This Weekend's Scripted Military Exchange Between Iran And Israel

zerohedge.com Futures, Bitcoin Jump, Oil Drops As Markets Move Beyond This Weekend's Scripted Military Exchange Between Iran And Israel Following the emotional rollercoaster of this…