It was another exciting week on Wall Street as the S & P 500 and Nasdaq each closed Friday at new record highs. Incredible as that was, this week could have easily gone another way. Last Saturday, the world learned that the U.S. had entered the Israel-Iran conflict, dropping several massive bunker busters on Fordo, Iran’s…
The first domino has fallen in the Trump administration’s bid to loosen regulations on Wall Street’s biggest banks. The Federal Reserve proposed changes Wednesday that would lower capital requirements for large U.S banks that were implemented in the years following the 2008 financial crisis. Tweaks to these rules, known as the enhanced supplementary leverage ratio,…
Check out the companies making headlines before the bell: Carnival — The cruise line jumped more than 6% after beating second-quarter earnings and revenue that topped analysts’ expectations. Carnival reported adjusted earnings of 35 cents per share on revenue of $6.33 billion. Analysts were expecting earnings of 25 cents per share on revenue of $6.21…
The Club’s 10 things to watch Wednesday, June 18 — Today’s newsletter was written by Zev Fima, the Investing Club’s portfolio analyst 1. We’re on pace for a slightly higher open this morning as investors monitor the latest in the Israel-Iran conflict and gear up for Fed Chair Jerome Powell’s post-meeting press conference this afternoon….
Check out the companies making headlines after hours: Hewlett Packard Enterprise — Shares rose 3% after the information technology company beat analysts’ expectations on the top and bottom lines. Hewlett Packard Enterprise reported second-quarter adjusted earnings of 38 cents per share on revenue of $7.63 billion. Analysts polled by LSEG had expected earnings of 32…
