SEC Staff Throw Cold Water on Calls for Ban on Short Selling of Bank Stocks
Gary Gensler, against advice of career workers in the SEC, is pushing to ban the short-selling of regional bank stocks, in the wake of recent collapses and falling stock prices.
CPI inflation data, Disney earnings and debt ceiling top week ahead
Consumer and producer inflation data, and the debt ceiling, lead the week ahead for investors who will be watching Disney earnings, which may include the latest on its feud with Gov. DeSantis.
Profits jump at Warren Buffett's company Berkshire Hathaway
CEO Warren Buffett's company, Berkshire Hathaway, sees profits take off ahead of its 59th annual meeting Saturday, May 6 as thousands of shareholders attend.
Is Wall Street's 'sell in May and go away' dead in 2023?
For stock investors, there are plenty of reasons to not "sell in May and go away" this year, including inflation, macro uncertainty and the banking crisis.
Gold boom continues in 2023 nearing fresh record
The World Gold Council reports that the precious metal’s demand is on the rise and predicts it may reach record levels in 2023 fueled by economic uncertainties and the ballooning bank crisis.
Lyft shares tumble on disappointing outlook
Lyft reported a quarterly loss and revenue that came in better-than-expected, however the company's outlook fell short of analyst expectations.
Regional bank shares plunge as possible PacWest sale reignites banking sector fears
Regional bank stocks plummeted on Thursday morning after Los Angeles-based lender Pac West confirmed that it was exploring all options, including a sale.
First Horizon shares tank after TD Bank deal scrapped
Shares of First Horizon are down on Thursday after the company said a merger agreement with TD Bank was terminated due to uncertainty over regulatory approvals.
United Airlines to hire 15,000 in preparation for busy summer
United Airlines is preparing for an anticipated surge in summer travel passengers with an ambitious plan to hire 15,000 workers this year.
Ford's profit rises on truck demand but EV outlook sends shares lower
Ford reported a profit of $1.76 billion last quarter, a rebound from the loss the automaker suffered during the same period in the prior year.
Starbucks profits beat estimates, shares dive on outlook
Starbucks reported better-than-expected quarterly earnings, however shares fell in extended trading after the company failed to lift its outlook.
Uber shares jump on ride, delivery growth
Shares of Uber are higher on Tuesday after the ride-sharing company reported growth in gross customer bookings and deliveries in the first quarter of 2023.
Chegg shares tank on CEO’s AI warning
Shares of Chegg Inc. are lower on Tuesday after chief executive Dan Rosensweig said OpenAI's ChatGPT technology interfered with new customer growth at the company.
Signature Bank collapse blamed on 'poor management,' FDIC report says
An internal review of the Federal Deposit Insurance Corporation’s supervision of Signature Bank concluded “poor management" led to the bank’s failure.
First Republic Bank shares nosedive amid uncertainty about rescue deal
Shares of First Republic Bank tanked on Friday amid reports of uncertainty about whether the lender could see a rescue deal.
Bill Gates grows fortune by $2B in one day
Microsoft founder and CEO Bill Gates added $2 billion to his existing fortune after the company reported better-than-expected earnings on Tuesday afternoon.
McDonald’s customers still ‘lovin it’ despite price hikes
McDonald's customers kept at it last quarter despite inflation and higher prices at the fast food giant.
PepsiCo hikes prices, consumer demand steady for drinks, snacks
PepsiCo’s first-quarter earnings beat Wall Street expectations after strong consumer demand for soda and snacks, and as the company raised its prices to combat high inflation.
Bud Light rivals stealing sales after Dylan Mulvaney controversy
Amid Dylanm Mulvaney controversy, Bud Light's dollar share value loses almost the same amount as Coors Light and Miller Lite's dollar share gain in latest week.
Tesla stock volatility now a weapon for traders?
Tesla single stock exchange-traded funds (ETFs) are becoming popular for investors in the volatile stock after being introduced on Wall Street in July 2022.



















