Topline The value of gold dropped more than 5% on Tuesday, pacing what would be the largest single-day decline for the metal in more than a decade, leading a broader metal sell-off as investors appear to step back from a record-breaking buying frenzy. Silver and platinum have joined gold with record-breaking rallies in recent months…
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Three college students developed a Tinder-style platform for jobs that automates applications while users focus on other priorities. Sorce, a mobile application founded by a trio known as The Three D’s, said it has recorded 7.5 million swipes…
Bank of America was sued Wednesday over its alleged financial ties with Jeffrey Epstein, with the lawsuit claiming the financial giant facilitated and also benefited from his alleged sex trafficking venture. The lawsuit, filed in federal court on behalf of a Jane Doe, alleges Epstein committed his crimes “through access to funding and financial support…
US stocks rose on Wednesday amid hopes for interest-rate cuts, with more Wall Street banks posting strong results in a promising start to earnings season. The Dow Jones Industrial Average (^DJI) moved up roughly 0.4%, following a rocky session on Tuesday for markets. Meanwhile, the S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) added…
The country’s biggest Wall Street banks are riding high into the third quarter reporting season. Analysts expect profits among six major banks to climb 6% from the third quarter of last year, according to Bloomberg data. “It’s been a good environment,” Barclays analyst Jason Goldberg said. Expectations will be put to the test starting Tuesday…
Warren Buffett is slated to step down as Berkshire Hathaway’s CEO at year-end—100 days from Sept. 23—setting the stage for successor Greg Abel and Berkshire’s investment lieutenants to potentially keep trimming Apple and rebalance an equity portfolio that’s already been shifting, according to new analysis and prior Fortune reporting. The 100‑day clock Buffett told shareholders…
We recently published Top 10 Stocks to Watch After Federal Reserve’s Rate Cut. Oklo Inc (NYSE:OKLO) is one of the stocks analysts were recently talking about. Dimple Gosai, Bank of America clean energy analyst, explained in a program on CNBC why she’s bullish on Oklo Inc (NYSE:OKLO). She has a Buy rating and $92 price…
(Bloomberg) — Global equities are likely to rally even higher as a jump in economic growth expectations is keeping stock bulls firmly in control, according to Bank of America Corp.’s Michael Hartnett. The bank’s latest survey showed a net 28% of global fund managers are overweight equities, the highest in seven months. Opinions about growth…
Bank of America (BAC) has elevated three of CEO Brian Moynihan’s lieutenants, clarifying who at the company has the best shot at running the nation’s second-largest lender once Moynihan steps down. The moves came late Friday, when the Charlotte, N.C.-based bank named Dean Athanasia and Jim DeMare as co-presidents and promoted chief financial officer Alastair…
Job seekers’ confidence in finding new employment has fallen, a new survey reveals. According to the Federal Reserve Bank of New York’s Survey of Consumer Expectations, the average “perceived probability” of finding a new job after losing one fell 5.8% points to 44.9% among heads of households surveyed in August, the lowest measure on record since 2013…