[ad_1] Fri, Dec 15 2023 11:59 AM EST Maersk shares climb nearly 8% Shares of Maersk closed up almost 8% on Friday after the Danish shipping company reportedly said it…
Tag: wall street
BNP Paribas Plans to Move Most Hong Kong Staff Out of Central
[ad_1] BNP Paribas SA plans to move the majority of its Hong Kong staff out of offices in the city’s central business district as the lender looks to cut costs…
Dow Notches Another Record Close
[ad_1] The Dow Jones Industrial Average set a record for a third straight day Friday to cap a strong week for stocks. The S&P 500 advanced for a seventh consecutive…
Credit Suisse Disbands China Onshore Wealth Unit, Dozens Depart
[ad_1] Credit Suisse dismissed its entire wealth management team in China, scrapping its ambition to become one of the biggest foreign money managers in the country as UBS Group AG…
Citi Shuts Muni Business That Once Was Envy of Rivals
[ad_1] Citigroup Inc. will shutter its municipal business, one of the most dramatic moves yet by Chief Executive Officer Jane Fraser as she seeks to squeeze better returns out of…
Stocks Extend Post-Fed Rally
[ad_1] Updated Dec. 14, 2023 4:37 pm ET Stocks extended their year-end rally. The S&P 500 rose 0.3%, Nasdaq Composite added 0.2%, Dow Jones Industrial Average was up 0.4%, closing…
The most important thing Warren Buffett said Saturday, and it isn’t good news for the economy
[ad_1] “It is a different climate than it was six months ago. And a number of our managers were surprised,” Buffett said Saturday. “Some of them had too much inventory…
The Fed’s Yield-Curve Problem
[ad_1] For some forecasters, the inversion of the yield curve has been a sure sign a recession is coming. For the Federal Reserve, it could turn into a different kind…
Stocks Jump After the Fed Gives Wall Street What It Hoped For
[ad_1] Investors searched for hints Wednesday on whether the Federal Reserve might begin cutting interest rates next year. The central bank didn’t disappoint. Stocks hovered near the flatline throughout the…