A new narrative about today’s stock market is starting to take hold on Wall Street. It’s a throwback to a time when many Wall Street titans had never even dreamed of investing — the 1960s conglomerate boom.
It turns out the third quarter of 2015 may not have been so bad and the end of the year may see a larger-than-expected “Santa Claus” rally, according to one market strategist.
The mutual funds with the biggest bets on shares of Elon Musk’s Tesla Motors explain why they are still in love with the electric-car stock.
The U.S. auto industry is on track for a record year of annual sales, General Motors Co (GM.N) said on Tuesday, as the top U.S. automaker and its rivals reported October sales that far exceeded expectations. GM said the six-month rolling average for U.S. auto sales is 17.8 million vehicles on an annualized basis, which means the industry is on its way to beating the 1999 annual sales record.
Pershing Square Holdings, the publicly traded security of Bill Ackman’s activist hedge fund, extended annual losses last month to 19 percent as investments in Valeant Pharmaceuticals International Inc. …
Mortgage giant Freddie Mac reported a $475 million net loss for the third quarter, as it sustained losses on the investments it uses to hedge against swings in interest rates. The government-controlled …
Top US banks like Citigroup, Bank of America, Goldman Sachs and JPMorgan Chase, may see their credit ratings cut, with the government viewed as less likely to provide aid in a future crisis.
BlackRock Inc.’s cash-management business has agreed to manage about $87 billion in assets for Bank of America Corp. clients as it seeks to build scale in an industry grappling with money-market fund regulations….
Fiat Chrysler’s U.S. sales rose nearly 15 percent last month as the auto industry steered toward its best October in 14 years. The Italian-American automaker reported sales of about 196,000, led by the …
China’s President Xi Jinping has said economic growth rate will not be less than 6.5 percent in the years to 2020, Reuters reported Tuesday.