Finance

Markets

Wall Street Leaders’ Fears of Froth Finally Bubble into Markets

Photo via JOHN ANGELILLO/UPI/Newscom

Goldman Sachs CEO David Solomon and Morgan Stanley CEO Ted Pick warned of an equities drawdown on Tuesday at a summit in Hong Kong.

2 min read

Photo via Mads Claus Rasmussen/ZUMAPRESS/Newscom

M&A

Novo Nordisk’s $10 Billion Bid Ups the Ante in Bidding War for Obesity Biotech Metsera

Metsera on Tuesday called Novo Nordisk’s new $10 billion offer “superior” to rival Pfizer’s bid of $8 billion.

2 min read
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Banking

Investor Summit Gives Bank of America a Chance to Soothe Angsty Investors

Compared its peers, BofA has lagged in expanding into less traditional activities such as wealth management, credit cards and loan growth.

2 min read
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Finance

Unease About Warren Buffett’s Retirement Overshadows Berkshire Earnings Beat

For the 12th consecutive quarter, Berkshire Hathaway was a net seller of stocks, offloading $6 billion worth.

2 min read

Finance

Fiserv Loses Nearly Half Its Market Cap After ‘Abysmal’ Quarter

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CEO Mike Lyons said on an earnings call that Argentina’s floundering economy was the major culprit for the company’s woes.

2 min read

Finance

Can Beyond Meat’s Meme-Stock Star Turn Last Beyond Last Week?

Photo via Richard B. Levine/Newscom

Beyond reported a 20% year-over-year revenue decline in its latest quarter, so this was not a fundamentals-driven rally.

2 min read

Photo illustration by Connor Lin / The Daily Upside, Photos by Ljupco, Comzeal, and CreativaImages via iStock

Finance

The ‘Everything App’: How Robinhood Grew From Trading Platform to Financial Ecosystem

Still in the “early innings of its growth story,” Robinhood has morphed from an app with crowdsourced stock advice to a financial ecosystem.

5 min read
Photo via Jimin Kim / SOPA Images/Sipa USA/Newscom

Finance

Stampeding Bull Market Will Keep Bears at Bay for Another Year, Investors Predict

The S&P 500 has climbed 35% since its April low and roughly 90% since the beginning of its bull run in 2022.

2 min read
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Markets

Gold Rush Loses Momentum in Runup to Newmont Earnings

Even with this week’s tumble, bullion investors can take gold comfort in knowing the noble metal is headed for its best year since 1979.

2 min read

Finance

Good Omen, or Bad? Tesla Opens Mag 7 Earnings Season to Mixed Reviews

Photo by Bram van Oost via Unsplash

The all-powerful cohort continues to define the broader market, which has officially been placed on the “bubble watchlist.”

2 min read

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