Robinhood Markets HOOD 9.65% ’ business is seeing some stability. Whether markets believe it is another matter. The meme-stock driven events of a year ago were wild, to say the least, for Robinhood, and for markets in general. Since then, though, by some measures, things have been relatively steady for the upstart online brokerage: Robinhood […]
Stocks rose as investors considered the speed at which the Federal Reserve would move to lift interest rates, and awaited more earnings from major companies. Here’s what we’re watching in Thursday’s trading: Intel ’s earnings fell last quarter as the company ramped up spending on new facilities and products, part of Chief Executive Officer Pat […]
The outcome of the Federal Reserve’s policy meeting wasn’t as hawkish as some investors feared—not at first. But the central bank left them worrying that it will take a decidedly less-accommodative turn in the months ahead. Fed policy makers left their target range for overnight rates unchanged, as expected. In their post-meeting statement, though, they […]
Big banks are pushing deeper into auto lending. Bank of America Corp. BAC 1.03% said last year was a record for auto-loan originations. Wells Fargo & Co. posted three straight quarters of records and said the fourth quarter was up 77% from a year earlier. Ally Financial Inc. ALLY -0.37% said 2021 was its biggest […]
Canadian National also reported a 3% increase in revenue and an 11% increase in operating earnings in the fourth quarter. Photo: Christinne Muschi/Bloomberg News Updated Jan. 25, 2022 5:16 pm ET Canadian National Railway Co. named a new chief executive officer and made changes to its board Tuesday, moves that will allow the railroad operator […]
People are starting to make bigger decisions to blunt the impact of rising prices. The consumer-price index, which tracks what people pay for goods and services, hit 7% in December, marking its fastest pace since 1982. Initially, Americans met this increase by making simple changes at the grocery store or by cutting out some other, […]
The prospect of rising interest rates has been especially hard on the Russell 2000 small-cap index, in large part because of the high proportion of small-caps that aren’t making money. During the market selloff of recent weeks, investors have been shedding speculative investments from tech stocks to cryptocurrencies. Speculative investments with their promise of higher […]
Capital gushed into climate technology and other sustainable investments in 2021. Now the market is selling off, but investors don’t see a repeat of the clean tech bust that occurred more than a decade ago. Some say such frothiness signals a bubble. The Financial Crisis Observatory, a bubble-tracking outfit at the Swiss Federal Institute of […]
The financial industry has spotted an opportunity to make money by helping people feel good about themselves. Despite claims to the contrary, these investments don’t do much to make the world a better place. ESG funds, as they are known, promise to invest in companies with better environmental, social and governance attributes, to save the […]
Last year was the year of electric vehicles—global sales are likely to have hit a record, in turn pushing up battery demand. Now too much of a good thing is causing problems: Many key battery materials, including but not limited to processed lithium itself, are in short supply and prices are rising sharply. Adding to […]
