As tech stocks float at historic highs, it’s a good time to look elsewhere for growth. A Citi screen turned up eight names that are mostly outside the tech sector.
4 minute read
In 2020, the Fed said it would be willing to let inflation run hotter than target for a while until the long-run inflation rate returned to the desired 2% level. We all remember what happened next.
3 minute read
How Walmart is navigating higher tariffs, ESPN’s new sports streaming platform, Cracker Barrel’s new logo, and more news to start your day.
Long Read
BofA Securities analyst Joshua Shanker took a deep dive into self-driving car tech to understand the impact on auto insurers he covers, such as Progressive and Allstate.
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Walmart’s adjusted earnings miss analysts’ estimates but second-quarter revenue tops forecasts. AI stock Palantir edges higher after closing down for six-straight sessions.
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With more than 3,300 retail locations, the Fort Worth, Texas-based company is the largest pawn store operator in the U.S. and Mexico.
Long Read
Citi hired a law firm to investigate at least six complaints from current and former employees about the head of the bank’s wealth management division, according to a Bloomberg report.
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Analysts’ price forecasts are a hint that gains for stocks may broaden out beyond the usual suspects in big tech.
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Generation Investment Management slashed two-thirds of its Amazon investment, sold all its Mastercard stock, and doubled down on Visa.
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Wealth management and brokerage firms have benefited from robust investor engagement as customers have added money to their accounts and traded more on margin.
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Calpers increased positions in Coinbase, Palantir, Nvidia, and Robinhood shares in the second quarter.
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Singapore hasn’t been suffering in the retreat from globalization, and yet the city-state is looking to sector diversification—financials, artificial intelligence, and pharmaceuticals—to reduce dependence on trade.
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Bullish, a Bitcoin trading platform that also owns CoinDesk, is set to be the next big crypto IPO. It has an impressive list of backers.
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Despite trading at record highs, the S&P 500 can continue to climb on earnings and productivity, argues Adam Parker of Trivariate Research.
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A crowded field of fund managers is mounting an aggressive effort to get their products in the hands of everyday investors.
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Regulators can fine banks that they identify as having engaged in “politicized or unlawful debanking” against customers based on political or ideological beliefs, according to the order.
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Gross profit rises at Square and Cash App, but other key metrics missed Wall Street projections.
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With elevated inflation, income investments that can keep up with the pace of rising prices are crucial.
Long Read
They are the two largest U.S. companies not in the index, but have been overlooked for inclusion recently.
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In contrast to its first-quarter outlook, Johnson Associates now expects year-end 2025 bonuses to rise across most financial services industry sectors.
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Shares of Robinhood, LPL Financial, and other brokerage and wealth management companies tumbled Friday after the monthly jobs report added to investors’ concerns about economic growth.
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Expenses grew at a fast clip at the wealth management company.
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Shares of stock-index compiler MSCI tumbled after earnings. The company’s top executive bought $6.7 million of shares.
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President Donald Trump is discussing the idea to monetize the two mortgage giants, including a public offering, according to Bloomberg.
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CEO Michael Miebach says the card firm is “well positioned for the opportunities ahead.”
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