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Wall Street

Jeff Bezos’ wealth balloons by $12B as Amazon stock soars 11%

by Edgar Davis
Jeff Bezos’ wealth balloons by B as Amazon stock soars 11%

Amazon founder Jeff Bezos saw his personal net worth increase by a whopping $12 billion on Friday morning as the e-commerce giant’s stock price soared by some 11% in pre-noon …

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Inflation takes center stage in the week ahead as Wall Street looks for more clues on Fed rate hikes

by Walter Watson
Inflation takes center stage in the week ahead as Wall Street looks for more clues on Fed rate hikes

New inflation data set for release in the week ahead could help Wall Street regain its footing. The latest read on the consumer price index — an inflation gauge that …

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JPMorgan backs off recession call even with ‘very elevated’ risks

by Walter Watson
JPMorgan backs off recession call even with ‘very elevated’ risks

JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a contraction is no longer inevitable. While noting that risks are …

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Dumb Money Trailer: Paul Dano Takes on Wall Street in Cinematic Retelling of GameStop Stock Frenzy

by Maya Ortiz
Dumb Money Trailer: Paul Dano Takes on Wall Street in Cinematic Retelling of GameStop Stock Frenzy

Dumb Money, the film chronicling GameStop’s 2021 stock market frenzy, just got a trailer. The film marks director Craig Gillespie’s foray into adapting real-life stories — since 2017’s I, Tonya …

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Oil heads for its best monthly gain in more than a year. How to trade it

by Walter Watson
Oil heads for its best monthly gain in more than a year. How to trade it

Oil prices have been on a tear this month, and it could mean good news for certain stocks. Crude rallied in July after top exporters Saudi Arabia and Russia announced …

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Stock market today: Live updates

by Walter Watson
Stock market today: Live updates

Traders on the floor of the New York Stock Exchange, Aug. 4, 2022. Source: NYSE Stock futures were little changed in overnight trading Sunday as the market is poised to …

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First Solar announces fifth U.S. factory as Inflation Reduction Act fuels domestic manufacturing

by Edgar Davis
First Solar announces fifth U.S. factory as Inflation Reduction Act fuels domestic manufacturing

A worker at First Solar in Perrysburg, Ohio July 8, 2022. Megan Jelinger | Reuters First Solar, the nation’s largest solar panel manufacturer, announced Thursday that it will build its …

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Apple and others reporting next week often outperform expectations

by Walter Watson
Apple and others reporting next week often outperform expectations

Next week marks both the busiest week and the halfway point of this earnings season, and some stocks are sure to outperform after they announce their results. Almost a third …

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Deutsche Bank beats expectations despite 27% drop in profit, jump in costs

by Walter Watson
Deutsche Bank beats expectations despite 27% drop in profit, jump in costs

A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank on Wednesday reported a …

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S&P 500 futures are flat ahead of a busy week of earnings, Fed meeting: Live updates

by Walter Watson
S&P 500 futures are flat ahead of a busy week of earnings, Fed meeting: Live updates

S&P 500 futures were little changed Sunday evening as investors awaited a batch of key earnings reports and a major policy decision from the Federal Reserve. Futures tied to the …

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