The head of Islamic State in Afghanistan, Abu Sayed, was killed in a strike on the group’s headquarters in Kunar province earlier this week, the Pentagon said on Friday. In a statement, Pentagon spokeswoman Dana White said the raid on Tuesday had killed other Islamic State members and would “significantly disrupt the terror group’s plans […]
Read moreNetflix and Bank of America are reporting earnings next week, and both stocks have Wall Street analysts buzzing on expectations that they could see big moves. Stacey Gilbert, head of derivative strategy at Susquehanna, notes that the options market implies a move of 8 percent for Netflix on earnings — which is lower than the […]
Read moreThe dollar is back in the doldrums, and it looks to be stuck that way for a while. After surprisingly weak CPI inflation data, the dollar index sank to a new low of 95.186 Friday, the lowest since September of last year. The dollar’s decline was broad-based, falling to a 10-month low against the British […]
Read moreDemand for single-family rental homes has never been stronger and, consequently, more investors are hoping to get in on the game. From large institutions buying thousands of homes to individual investors hoping to see strong returns on just a few properties, the competition is high. And so is the risk, especially for novices. New companies […]
Read moreAs earnings seasons approached, investors flocked to financial stocks on anticipation that the high hopes for the sector would come true. So far, it’s been an expensive losing bet. Bank shares slumped Friday in an early but important round of profit reports. JPMorgan Chase, Wells Fargo and Citigroup — Nos. 1, 3 and 4 in […]
Read moreMarkets are a little too calm, at least as far as Wall Street is concerned. JPMorgan Chase and Citigroup reported lower trading results for the second quarter and the signs aren’t pointing to a rebound in the fall. Bankers had already warned in recent weeks that revenue from bond and stock trading would be lower […]
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Google just made it incredibly easy to back up everything on your computer with its new “Backup and Sync” tool for PC and Mac. Backing up is important — you’ve heard it a thousand times — but Google’s new solution also makes it easier to access your files on the go, or from a new […]
Read moreJPMorgan Chase CEO Jamie Dimon expressed frustration at the U.S. federal government during the company’s earnings conference call Friday. “It’s almost an embarrassment being an American citizen traveling around the world and listening to the stupid s— we have to deal with in this country,” Dimon said in response to an analyst question. “Since the […]
Read moreJPMorgan Chase CEO Jamie Dimon had some critical words Friday for reporters overly scrutinizing the bank’s second-quarter report. “Who cares about fixed income trading in the last two weeks of June? I mean seriously?” the bank executive said on a call with journalists following the firm’s second quarter earnings report. “That is the weather. It […]
Read moreUber’s rival in Southeast Asia could be getting a huge influx of money from some powerful investors. Softbank is considering investing in Singapore-based ride-hailing company Grab, according to outlets like The Wall Street Journal and Bloomberg. Grab could be raising between $1.5 billion to $2 billion, various reports have estimated. Chinese ride-hailing giant Didi Chuxing […]
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