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A drop in Magnificent Seven shares helped send the Nasdaq Composite down 2.8%, its biggest one-day decline since December 2022.
Georges Elhedery, who has spent two decades at the bank, will take over as CEO after the lender unexpectedly said earlier this year that Noel Quinn wo
U.S. crude oil inventories fell by 4.9 million barrels, in a surprise third consecutive week of declines, while stocks of gasoline and distillates inc
Warburg Pincus veteran Jeffrey Perlman has been named to succeed Chief Executive Chip Kaye, who in turn will become co-chairman of the private-equity
Investors bet that if Donald Trump is elected president, his administration will take a friendlier approach to big insurers in the Medicare Advantage
A surge in solar power lets battery companies charge up during the day when power prices are low and sell in the evening at higher prices.
Defaults in a corner of the commercial real-estate debt market are surging and triggering losses.
The Dow industrials and S&P notched new highs Tuesday, while small-cap stocks extended their outperformance over megacap technology shares.
Wall Street businesses boomed while some consumers felt the pinch of higher rates.
Banks from Wells Fargo to Morgan Stanley are having to pay more to keep brokerage customers’ cash.
An overhaul that attracts companies like Shein could help a flagging London Stock Exchange, but the main issue is that U.K. equities are dirt-cheap.
Demand for safety and yield has supported Treasurys despite a huge supply increase.
Japanese and U.S. banks have returned to the top of investment banking in Asia, helped by a raft of deals in Tokyo and Mumbai at a time when Chinese r
You get $1,000 for an emergency of your choice. It could be a doctor’s bill or groceries.
Major stock indexes rose as bets on a victory by Donald Trump in November’s presidential election increased. The Dow industrials rose 0.5% to a reco
Inflation and economic activity are cooling, in line with the Fed’s expectations.
Big tech deals are a hard sell with regulators, but Google’s huge war chest needs to be put to work.
If the narrative around AI is changing—and there are some signs it is—the big spenders could see their valuations and stock prices fall.
The company’s chief executive said he remains interested in acquiring U.S. Steel, but “my plate is full right now.”
Goldman Sachs joined JPMorgan, Citigroup and Wells Fargo in reporting double-digit gains in investment-banking revenue.
