8:58 a.m. Today8:58 a.m. Oct. 15, 2019
Charles Schwab Stock Is Up. There’s a Price War, but Earnings Were Strong.
The discount brokerage firm continues to power ahead despite competition that has driven commissions on trading stocks to zero.
8:53 a.m. Today8:53 a.m. Oct. 15, 2019
- By Chris Matthews
Dow rises closer to record on good start to corporate earnings season United Health leads the Dow upU.S. stocks rise Tuesday as the corporate earnings reporting season gets under way and investors weigh the implications of a partial U.S.-China trade deal.
8:39 a.m. Today8:39 a.m. Oct. 15, 2019
Home Builders Have ‘Key Ingredients’ for More Gains
RBC Capital Markets analyst Mike Dahl upgraded TRI Pointe Group and BMC Stock Holdings to Outperform from Sector Perform. The move is part of his overall increase of home builder earnings estimates.
8:23 a.m. Today8:23 a.m. Oct. 15, 2019
- By Steve Goldstein
Fed, Bank of England officials say they oppose negative interest ratesIt’s not unprecedented for a central bank to bring interest rates below zero, but in separate comments at a conference in London, two officials at the Federal Reserve and the Bank of England said they were opposed to doing so.
8:17 a.m. Today8:17 a.m. Oct. 15, 2019
Goldman Sachs Stock Is Slipping After Earnings. Here’s the Good News.
Goldman Sachs’ third-quarter results weren’t great, but for investors worried about the health of the global financial system, there was plenty to be optimistic about.
8:12 a.m. Today8:12 a.m. Oct. 15, 2019
WeWork’s Bonds Are Tumbling as It Weighs Rescue Packages
WeWork’s bond price has fallen to a record low on a report that it is considering an unconventional form of borrowing—with double-digit interest rates—to stave off a cash shortage that could hit as soon as next month.
7:49 a.m. Today7:49 a.m. Oct. 15, 2019
- By Barry Eichengreen
Facebook’s Libra unravels, and for good reason The proposed ‘stablecoin’ could wreak havoc in the financial system and on people’s lives The proposed ‘stablecoin’ could wreak havoc in the financial system and on people’s lives.
7:28 a.m. Today7:28 a.m. Oct. 15, 2019
- By Pierre Briançon
Why the U.K. spending binge shouldn’t scare the bond market Both U.K. parties are planning to ramp up spendingWhatever the outcome of the EU summit that will decide the fate of Brexit later this week, the U.K. government will embark on a big spending binge. But financial markets shouldn’t worry.
7:13 a.m. Today7:13 a.m. Oct. 15, 2019
- By Andrea Riquier
Why a strong dollar could be a warning sign in this market Normally ‘something gives’ when the greenback gets this strongThe strength of the U.S. dollar doesn’t help U.S. companies — but it’s the relatively perkier yields on U.S. government bonds that’s attracting more capital to the country
5:57 a.m. Today5:57 a.m. Oct. 15, 2019
- By Sunny Oh
Gross says investors should prepare for end to double-digit price gains for markets Gross rails against negative interest rates Don’t bet on zero to negative bond yields to feed the stock-market’s gains, says Gross.
5:38 a.m. Today5:38 a.m. Oct. 15, 2019
- By Jacob Passy
This credit card will let you earn rewards to pay off your student loans — but is it a good deal? Sallie Mae has rolled out three new credit cards aimed at college students and recent graduatesSallie Mae has rolled out three new credit cards aimed at college students and recent graduates.
5:25 a.m. Today5:25 a.m. Oct. 15, 2019
JPMorgan Chase Beat Earnings Forecasts. It’s Good News for the Whole Economy.
Shares of the giant bank were 1.7% higher in premarket trading.
5:24 a.m. Today5:24 a.m. Oct. 15, 2019
- By Bill Bischoff
How to cut your 2019 tax bill before it’s too late It’s already that time of year againIt’s already that time of year again.
5:17 a.m. Today5:17 a.m. Oct. 15, 2019
- By Jacob Passy
Read this before taking out another retail credit card There’s been a worrying trend with retail credit cardsThere’s been a worrying trend with retail credit cards, and it doesn’t appear to be improving.
4:51 a.m. Today4:51 a.m. Oct. 15, 2019
Wells Fargo profit dented by $1.6 billion chargeWells Fargo & Co. said Tuesday that third-quarter profit fell as lower interest rates hit the bank's lending profits. Quarterly profit at the San Francisco-based bank was $4.61 billion, compared with $6.01 billion a year ago. Per share, earnings were 92 cents. Analysts polled by FactSet had expected $1.24 per share.
4:45 a.m. Today4:45 a.m. Oct. 15, 2019
Citigroup profit rises 6% to beat estimates Citigroup Inc. on Tuesday said its third-quarter profit rose 6% and beat expectations. The New York bank posted a net income of $4.91 billion, or $2.07 a share, compared with $4.62 billion, or $1.73 a share, a year earlier. Analysts had expected $1.95 per share, according to FactSet. Revenue rose to $18.57 billion from $18.39 billion a year earlier.
4:34 a.m. Today4:34 a.m. Oct. 15, 2019
JPMorgan profit rises 8% to top estimatesJPMorgan Chase & Co. said Tuesday that third-quarter profit rose 8% and topped expectations. The nation's largest bank reported a profit of $9.08 billion, or $2.68 a share. Analysts polled by FactSet had expected earnings of $2.45 a share. A year earlier, the bank reported a profit of $8.38 billion, or $2.34 per share.
3:42 a.m. Today3:42 a.m. Oct. 15, 2019
- By Ciara Linnane
China casts a long shadow over stocks as earnings season opens this week Trade tensions, China tariffs and a slowing global economy are just some of the issues expected to feature prominently in Q3 The third-quarter earnings season will kick off at in earnest next week with the first reports expected Tuesday from big banks JPMorgan, Goldman Sachs and Citigroup, along with fellow Dow components Johnson and Johnson and UnitedHealth Group.
3:22 a.m. Today3:22 a.m. Oct. 15, 2019
Bellway is Falling Because U.K. Housebuilding Sector May Have Peaked
British housebuilder Bellway hit record sales and boosted annual profits but a warning over margin pressure sent the stock sharply lower.
1:30 a.m. Today1:30 a.m. Oct. 15, 2019
The Riskiest Bank Loans Are Selling Off. Here’s What It Means for Investors.
At first glance, it seems like leveraged loans—sometimes called bank loans—have had a decent year. There are some worrying trends under the surface, however.
1:03 a.m. Today1:03 a.m. Oct. 15, 2019
- By Zach Doell
Your guide to all those ‘incentives’ car dealers offer It helps to know which ones will work for you, and how to use them to get the right dealIncentives can lead to big savings, if you understand them. Here’s how to get the best deal.
12:39 a.m. Today12:39 a.m. Oct. 15, 2019
- By Andrew Keshner
This financial planner racked up $12,000 in credit-card debt — ‘I went a little overboard’ ‘They don’t see me as a perfect person and I don’t want them to’‘They don’t see me as a perfect person and I don’t want them to.’
3:22 p.m. Oct. 14, 2019
- By Shawn Langlois
Here’s how this CEO says millennials could solve the coming Social Security crisis Bill Mead explained to CNBC how “incredibly economically impactful things” are about to happen as millennials prioritize necessity spending. Big ticket items, he says, will soon be prioritized over “Apple devices, craft beer and Chipotle burritos.”
10:30 a.m. Oct. 14, 2019
Why Cyclical Stocks Are Poised to Rally in the 4th Quarter
Stifel’s Barry Bannister says that recent events will benefit SíP Cyclical sectors.
8:18 a.m. Oct. 14, 2019
GM Strike Could Help Auto Car. Here’s How.
Car stocks have had it tough in 2019, dealing with falling auto sales and labor strife. The General Motors strike, however, could give the sector a pass on weak third quarter numbers, setting up an interesting trade for investors into year-end.
7:36 a.m. Oct. 14, 2019
How to sort through the rewards and dangers in short-term paper, corporates, munis, preferred stocks, and taxable bonds.
6:53 a.m. Oct. 14, 2019
- By Neil Shearing
The end of globalization is here — now investors need to prepare for what’s next Get ready for a new world order of trade blocs and roadblocks to economic growthGet ready for a new world order of trade blocs and roadblocks to economic growth, writes economist Neil Shearing.
6:37 a.m. Oct. 14, 2019
- By Liz Lucking
Deal, No-Deal, Delay: How 3 Brexit Scenarios Will Affect U.K. Home SalesDepending on what happens—or doesn’t happen—come Oct. 31, there will be reverberations across the property market
5:54 a.m. Oct. 14, 2019
- By Jeffry Bartash
A little more sun is shining on a cloudy U.S. economy, but the skies aren’t all clear yet Optimistic consumers, “phase one” China trade deal boost hopes Is the sun peaking through the clouds that have been gathering over the U.S. economy? It sure seems so.
4:35 a.m. Oct. 14, 2019
- By Rex Nutting
Eroding profit margins will push U.S. into recession in 2020, leading forecaster says Stephen Gallagher of SocGen is not blaming tweets, Trump or tariffsStephen Gallagher stands out among Wall Street economists because he’s one of the few willing to go on the record to forecast a recession in 2020. And because he’s not blaming it on tweets, Trump or tariffs.
2:52 a.m. Oct. 14, 2019
- By Philip van Doorn
Bank earnings preview: The good times are coming to an end The effects of the Federal Reserve’s interest-rate cuts will be felt for an extended periodThe effects of the Federal Reserve’s interest-rate cuts will be felt for an extended period.
2:05 a.m. Oct. 14, 2019
Bank Earnings Are Coming. Here’s What to Expect.
Citigroup, JPMorgan Chase and Wells Fargo reporting third-quarter results on Tuesday, giving investors important data points on the state of the economy.
1:02 a.m. Oct. 14, 2019
- By Philip Reed
Watch out for these hidden financing traps when buying a car 5 common mistakes and how to avoid themHere are five mistakes and how you can avoid them, according to auto industry veterans.
1:26 p.m. Oct. 13, 2019
- By Quentin Fottrell
Here are the U.S. cities with the highest growth in job openings and wages The analysis was carried out by Glassdoor based across major metro areasThe analysis was carried out by Glassdoor based across major metro areas.
5:07 a.m. Oct. 13, 2019
Mortgage Rates Drop Again — Sparking More Interest in Loan Refinancing
While the decline in rates has prompted many home owners to refinance their loans, it may not be enough to create a major uptick in home-buying activity
4:57 a.m. Oct. 13, 2019
These Retail Stocks Could Gain as Millennials Launch a Baby Boomlet
So far millennials have been too busy paying off student debt and mortgages to have children. But that may be changing—good for stocks like Carter’s and Bed Bath & Beyond.
4:49 a.m. Oct. 13, 2019
5 Dividend Stocks for a Low-Rate World
Johnson & Johnson, Nucor, Illinois Tool Works, Pentair, and W.W. Grainger have kept their dividends intact and growing for years, making them solid investment considerations for a low-rate world
10:54 a.m. Oct. 12, 2019
- By Greg Robb
Fed says it will start to buy Treasury bills next week to ease money-market pressure FOMC approves purchases at an initial pace of $60 billion per monthThe Federal Reserve announced Friday it will buy Treasury bills to maintain ample reserves in the banking system.
8:26 a.m. Oct. 12, 2019
- By Michael Brush
These battered biotech stocks are now buying opportunities as Elizabeth Warren climbs in the polls Warren’s health-care reform crusade rattles biotech investors — but that’s not the industry’s only problemSen. Elizabeth Warren’s health-care reform crusade is rattling biotech investors — but that’s not the industry’s only problem, writes Michael Brush.
7:02 a.m. Oct. 12, 2019
- By Sanjiv Das
This tax break for first-time home buyers could keep the housing market afloat Federal tax relief for new homeowners would help millennials and support pricesFederal tax relief for new homeowners would help millennials and support prices, writes Sanjiv Das.