Finance

Finance

Can the S&P 500 Sustain a #HotStockSummer?

Photo by Vlada Karpovich via Pexels

On Tuesday, the S&P 500 closed down 0.3%, snapping a remarkable streak of six straight closing highs through Monday.

2 min read

Photo illustration by Connor Lin / The Daily Upside, Photos by Hammad Khan via iStock and Chris Kleponis/ZUMAPRESS/Newscom

Blockchain

Stablecoins Are Here to Stay. Who Stands to Gain From Them?

Companies that have been waiting on the crypto sidelines are likely about to jump in the game following the passage of the GENIUS Act.

4 min read
Photo by Cody Otto via Unsplash

M&A

Watch Your Freight: Railroad Giants Talk $200 Billion Merger

A merger between Norfolk Southern and Union Pacific would create a coast-to-coast rail operator, something that doesn’t exist in the US.

2 min read
Photo via Thomas Fuller/ZUMAPRESS/Newscom

Blockchain

Goldman Sachs, BNY Bring $7 Trillion Money Market to Blockchain

The announcement comes just days after President Trump signed a law that introduces US-regulated stablecoins.

2 min read

Markets

Fine Print: ETFs Born in Banner Year May Lack Staying Power

Photo via Thomas Fuller/ZUMAPRESS/Newscom

Issuers are pumping out funds to meet investor demand, but there’s a growing risk that many of the new ETFs will have short shelf lives.

2 min read

Photo via Thomas Fuller/ZUMAPRESS/Newscom

Finance

Block Stock Pops in S&P 500 Debut

Block’s membership in the index comes as it transitions into an all-in-one finance platform that offers debit cards and loans to clients.

2 min read
Photo via imageBROKER/rafapress/Newscom

Banking

Goldman’s ‘Midas Touch’ During Turbulent Quarter Delivers Record Trading Results

Goldman’s top line metrics — profit up 22% to $3.7 billion and total revenues up 15% to $14.6 billion — also bested analysts’ expectations.

2 min read
Photo by hapabapa via iStock

Finance

Markets Give a ‘Meh’ To Upbeat Wall Street Earnings

The consensus takeaway from the earnings season so far is that the economy is, in spite of everything, doing pretty good.

3 min read

Banking

Inflation Data and Bank Earnings Kick Off a Crucial Test for Markets

Photo by Aditya Vyas via Unsplash

The big US banks bested Q1 earnings expectations, and many observers expect big boosts to their Q2 trading desk revenues.

2 min read

Photo via Michele Eve Sandberg/Sipa USA/Newscom

Consumer

Ferrero Puts Snap, Crackle and Pop into Its Earnings With WK Kellogg Acquisition

Ferrero previously bought Nestlé’s US candy biz for $2.8 billion, as well as chocolate-maker Fannie May and RedHots owner Ferrara.

1 min read
Photo by Yusuf Miah via Pexels

Banking

HSBC Waves Caution Flag for Wall Street Giants

The bank downgraded JPMorgan, Goldman Sachs, and Bank of America, citing a classic case of macroeconomic uncertainty.

2 min read
Photo via John Angelillo/UPI/Newscom

Markets

Improving S&P 500 Outlook Signals Revival of TINA Trade

The TINA trade has hit some snags in recent years, with bonds looking like a pretty swell alternative in an era of high interest rates.

2 min read

Banking

Can Peter Thiel’s Fellowship of Billionaires Replace Silicon Valley Bank?

Peter Thiel. Photo by Gage Skidmore via CC BY-SA 2.0.

Thiel’s bank, named after the mountain where the dragon Smaug hoards his treasure, plans to serve tech startups and crypto companies.

2 min read

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