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Wall Street

Xi to meet Biden on U.S. soil: 5 things to watch for at tense superpower summit

by Walter Watson
Xi to meet Biden on U.S. soil: 5 things to watch for at tense superpower summit

A Chinese leader arriving on U.S. soil for an international summit and meeting the American president would, until recently, have been rather unremarkable. But times are changing. The fact that …

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These luxury stocks won’t lose their luster even as sales growth slows

by Walter Watson
These luxury stocks won’t lose their luster even as sales growth slows

The binge on designer brands is over. After three years of record growth, luxury companies are feeling the pain as sales slow to a more normal pace. On Friday, an …

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UBS resumes selling the bonds at the heart of Credit Suisse controversy

by Walter Watson
UBS resumes selling the bonds at the heart of Credit Suisse controversy

Fabrice Coffrini | Afp | Getty Images UBS on Wednesday began selling Additional Tier 1 (AT1) bonds — which were at the heart of controversy during its emergency rescue of …

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WeWork files for bankruptcy protection

by Anas Siddiqui
WeWork files for bankruptcy protection

WeWork has filed for Chapter 11 bankruptcy protection, marking a stunning fall for the office-sharing company once seen as a Wall Street darling that promised to upend the way people …

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Berkshire Hathaway BRK earnings Q3 2023

by Ron Morgan
Berkshire Hathaway BRK earnings Q3 2023

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stand during the first in-person annual meeting since 2019 of Berkshire Hathaway Inc in Omaha, Nebraska, …

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Goldman says Israel-Hamas war could majorly impact Europe’s economy

by Walter Watson
Goldman says Israel-Hamas war could majorly impact Europe’s economy

Armoured vehicles of the Israel Defense Forces (IDF) are seen during their ground operations at a location given as Gaza, as the conflict between Israel and the Palestinian Islamist group …

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Wall Street tries to push rally next week after strong November start

by Ron Morgan
Wall Street tries to push rally next week after strong November start

Stocks will try to maintain their upward momentum next week after a strong start to November, with Treasury yields falling from their highs and investors betting the Federal Reserve may …

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Steve Eisman tells UPenn to strip his name off scholarship amid Israel-Hamas war

by Vera Ward
Steve Eisman tells UPenn to strip his name off scholarship amid Israel-Hamas war

Longtime investor Steve Eisman is the latest Wall Street executive distancing himself from his alma mater, the University of Pennsylvania, as the school’s leadership comes under criticism for whether it’s …

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U.S. central bank holds rate steady, but leaves door open to more hikes

by Anas Siddiqui
U.S. central bank holds rate steady, but leaves door open to more hikes

The U.S. Federal Reserve kept its key short-term interest rate unchanged Wednesday for a second straight time but left the door open to further rate hikes if inflation pressures should …

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How to play a possible global electric vehicle meltdown, according to Deutsche Bank

by Walter Watson
How to play a possible global electric vehicle meltdown, according to Deutsche Bank

Concerns of a global electric vehicle market meltdown are starting to take hold, raising concern over the prospects of certain companies in the space, according to Deutsche Bank. Citing conversations …

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