Bonds give recession signals
Signals in the investment-grade corporate bond market suggest a recession, says market expert Adam Kobeissi, who expects continued jobs cuts and bond issuance.
Goldman Sachs considering cutting bonuses by 40%: report
Goldman Sachs may cut the bonus pools for 3,000 investment bankers by at least 40%, the highest cut since the 2008 financial crisis, according to a new report.
Financial resolutions more conservative for 2023: Fidelity
Americans are scaling back their financial goals as they look forward to the new year, according to a study by Fidelity showing 2023 resolutions are more cautious.
Thematic ETFs: What they are and what investors need to know
Thematic exchange-traded funds, or ETFs, target groups of companies that are at the forefront of innovations like robotics, cybersecurity, or clean energy.
BlackRock freezes hiring, reduces spending, CFO says
Gary Shedlin, BlackRock's chief financial officer, reportedly said Tuesday that the firm is freezing most hiring and reducing spending in an effort to be "prudent" ahead of 2023.
Top Wall Street CEOs amplify recession warnings as bets of dismal 2023 swell
The CEOs of Goldman Sachs, JPMorgan Chase and Bank of America warned of an ugly outlook for the economy in 2023, raising the specter of a recession next year.
China’s Xi Jinping meets with Saudi rulers in economic power play: 'No longer a competitor'
China and Saudi Arabia will look to finalize about 20 deals that would result in about $29 billion in investments that would also expand Beijing's influence in the region.
Robinhood delivering IRA match
Robinhood announced on Tuesday it is offering individual retirement accounts (IRAs) with a 1% match on contributions.
Fanatics hits $31 billion valuation in latest funding round
Fanatics worth $31 billion after $700 million investment round. Defies negative market trends caused by inflation and recession worries due to high growth potential.
Goldman Sachs on hunt for bargain crypto firms after FTX fiasco
FTX filed for Chapter 11 bankruptcy protection in the U.S. on Nov. 11 after its dramatic collapse, sparking fears of contagion and amplifying calls for more crypto regulation.
Musk pushes Twitter files, Georgia runoff election, FTX fallout ongoing top week ahead
Elon Musk's Twitter files, Georgia's runoff election and a slew of earnings, including Costco and Toll Brothers, lead the week ahead.
Cash-hungry companies get creative raising capital
Companies that are thinking outside the box of traditional ways to raise capital include Lordstown Motors, Foxconn, Bright Health Group, and JPMorgan Chase.
Goldman warns of bonus cuts for traders
Investment banks have seen a plunge in deal making activity this year as choppy markets and aggressive interest rate hikes have forced lenders to pull back from financing large deals.
Early Alameda staffers quit after battling Sam Bankman-Fried over risk, compliance concerns
The employees worked at Alameda Research, and were some of Bankman-Fried's earliest colleagues, including Alameda’s co-founder, Tara Mac Aulay. Both FTX and Alameda are now bankrupt.
Fed speeches, Cyber Monday, and retail earnings will top week ahead
This week will see Cyber Monday as well as retailers earnings reports. It will also see Fed discussions as the country continues to worry about inflation.
Buffett gives more than $750M in Berkshire shares to charities
Warren Buffett made a second round of donations this year giving $750 million in Berkshire stocks to four family charities.
SEC charges Goldman Sachs Asset Management with not following ESG investments policies
The $4 million dollar fine from the SEC was for practices in 2017 and 2018 that left ESG undefined and at the discretion of Financial Advisors in ESG funds
Labor reverses Trump-era rule that limited retirement investments in ESG companies
The Labor Department changed a rule that put limits on the ability of fiduciaries to invest in companies that follow ESG guidelines, reversing a Trump-era rule.
FTX founder Sam Bankman-Fried: What to know about the ex-crypto exec
Sam Bankman-Fried co-founded the FTX trading platform in May 2019 after launching Alameda Research with friends two years earlier. Here are fast facts about the former crypto executive.
Why the investing pros were such suckers for FTX
Dozens of the world’s leading investment firms, including Sequoia Capital, SoftBank Group Corp., and hedge funds Third Point and Tiger Global, showered Sam Bankman-Fried with money.