It is shaping up to be a stellar earnings season for stocks, particularly cyclical ones like banks and retailers. The problem is that the market may already be moving on. Because the U.S. economy is emerging from the Covid-19 crisis, most analysts thought first-quarter numbers would be good. So far, they have been much better […]
Jeans are in, leggings are out. As investors weigh the prospects of a return to normal, share prices of denim maker Levi Strauss LEVI -2.62% have soared about 45% year to date, while the stock of legging juggernaut Lululemon Athletica LULU -0.56% has deflated by 6.9%. The rebalancing might be missing a few nuances. As […]
The New York-based bank reaped big gains from the euphoric market conditions of early 2021. But record performance across many of its businesses was offset by credit and trading losses Morgan Stanley booked following a fire sale of more than $30 billion worth of stocks tied to Archegos, the family office run by former Tiger […]
Here’s what we’re watching ahead of Friday’s opening bell. U.S. stock futures edged up as another volley of corporate earnings reports rolled in premarket. Futures tied to the S&P 500 ticked up 0.2% after the benchmark stocks gauge posted its 22nd all-time closing high of 2021 on Thursday. Contracts for the Dow Jones Industrial Average, which also […]
The road is unusually clear for luxury-car makers today, but there is traffic ahead. Daimler reported a first-quarter operating profit of about €5.7 billion early Friday—its highest quarterly number in at least 15 years—thanks to a high-octane performance from its Mercedes-Benz car division. The company reported key numbers ahead of full quarterly results next week […]
Japan’s Toshiba hasn’t lacked for corporate drama in recent years. The tale now unfolding for the 146-year old company may provide hints about the prospects for further corporate-governance improvement in Japan. Its shares have gained 23% this month, to their highest level since the collapse of the company’s Westinghouse nuclear business in 2017 caused billions […]
The world’s largest tech companies effectively run on chips. But their prowess offers them some protection from the semiconductor production shortage plaguing other industries, at least for now. Just how much protection will become apparent in the coming slew of first-quarter earnings reports. Apple , Microsoft , Amazon.com , Facebook and Google-parent Alphabet are very […]
Turkey will ban the use of cryptocurrencies as a form of payment following months of economic turbulence that spurred locals to swap the local currency for bitcoin and foreign currencies. Turkey’s central bank said Friday that cryptocurrencies are excessively volatile and can be used for illegal activities. The bank also said crypto assets are “neither […]
Want to trade Tesla Inc. 24 hours a day? How about betting on how Robinhood Markets Inc. stock will fare in its initial public offering? Or on whether Donald Trump will retake the presidency in 2024? All that and more is available on FTX, one of the world’s fastest-growing cryptocurrency exchanges—but not if you’re American. […]
Last year Dayton Leong, an active trader with accounts at nine firms, made scores of trades using the Robinhood app. He liked the free stocks he got from referring more than a dozen friends and found it easy to trade on his phone. Recently, however, he has stopped trading in his Robinhood account, which has […]
