NEW YORK (Reuters) -JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates. "We've actually been effectively stockpiling more and more cash, waiting for opportunities to invest at higher rates," Dimon said during a virtual conference held by Morgan Stanley. "So our balance sheet is positioned (to) benefit from rising rates."
Pent-up demand, pandemic savings, back-to-office mandates -- experts say it will all add up to a historic wave of people leaving their jobs.
Below is a new list using the same criteria we used to pull this list of heavily shorted stocks during the Reddit/Robinhood mania in late January. The biggest short squeeze in the Russell 3000 appears to be Virgin Galactic Holdings Inc. (SPCE) which more than doubled in four weeks and was 27.82% sold short on June 11.
Lordstown Motors executives should be hanging their heads in shame right about now.
Sick of fixed-income investments that pay almost no interest? There’s an alphabet soup of solid yields to be had for investors willing to ratchet up the risk.
(Bloomberg) -- Members of the Walton family have sold 16.7 million shares of Walmart Inc. this year as they try to keep their stake in the world’s biggest retailer from ballooning amid the company’s stock buybacks.The Walton Family Holdings Trust sold $430 million worth over the past week, taking their total sales to almost $2.1 billion since Jan. 1, according to Securities and Exchange Commission filings. The notifications were filed on behalf of second-generation family members Alice, Rob and
‘The pandemic sent my life back to the 1950s, as I had to cook, provide tech support and homeschool our child.'
Four senior Toshiba executives, including two board members, have been forced out of their positions after a heated four-hour emergency board meeting on Sunday. The meeting, which propels one of Japan’s most famous industrial names even deeper into a governance crisis, followed the publication last week of a damning report into the company’s collusion with the government to suppress activist investors. The 147-page independent report, which was compiled by outside lawyers, arose from an unprecedented shareholder revolt and provides explicit detail on the “dark arts” campaign orchestrated by Toshiba and officials from the Ministry of Economy, Trade and Industry (Meti).
Morgan Stanley chief executive James Gorman sent a tough message to New York-based employees who do not want to return to the office, arguing that if they are comfortable dining out in the city then they should feel safe working at the bank’s headquarters. “If you can go into a restaurant in New York City, you can come into the office and we want you in the office,” Gorman said on Monday at a financial services conference organised by Morgan Stanley. Gorman said that the bank had not yet started “dictating” that staff turn up for work, unlike Goldman Sachs, which on Monday required its employees to return to the office.
Billionaire investor Paul Tudor Jones says that if the Federal Reserve ignores rising price pressures on Wednesday, it will be a “green light on every inflation trade.”
Let’s talk about growth stocks. These are stocks that have shown strong and sustained share price appreciation, sometimes ranging into triple-digit gains over the course of a year or more. In short, these are stocks that make investors say, “If only I’d bought in when…!” There’s no point dwelling on the past. A savvy investor, aiming to build a growth-oriented portfolio, will set up a profile for a solid growth stock, and look to match it. The factors to look for: that strong appreciation we men
Prices of the world's No. 1 crypto on Sunday trade sharply higher after digital-asset bull Elon Musk says Tesla would resume allowing transactions at the vehicle-maker's stores when key members of bitcoin infrastructure can confirm that 50% of the energy used to mine for bitcoin is derived from clean energy sources.
It's important to take these specific financial steps during the last year before you retire to set up the worry-free retirement you deserve.
When someone dies, their survivors have much to handle, including the deceased's taxes. Here's an overview of inheritance taxes and how to file a final return.
(Bloomberg) -- Trying to keep up with the frenzied rise of so-called meme stocks might feel a bit like playing a game of whack-a-mole, bewildering analysts and investors alike.While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit icon GameStop Corp. jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record
(Reuters) -Lordstown Motors Corp on Monday announced the sudden departure of its chief executive and finance head, just days after the electric truck maker warned that it may not have enough money to stay in business over the next year, sending shares down more than 20%. The resignations of founder and Chief Executive Steve Burns and Chief Financial Officer Julio Rodriguez come as the company's board reported conclusions from an internal investigation into claims made by short-seller Hindenburg. Burns is Lordstown's largest shareholder with a stake of more than 26%, according to Refinitiv data.
The chief executive of Rolls-Royce has come under fire for remarking that its workforce is “frankly a bit too old”. Speaking at a technology conference in London, Warren East said one of the challenges he faced when he joined the jet engine maker was its older workforce. His comments were in response to a question about inspiring young engineers at the company and ensuring it had an “exciting” atmosphere. However, the remarks sparked a furious backlash with critics calling his comments "disgrace
Corsair Gaming is the latest meme stock as Reddit forum Wallstreetbets calls it the next millionaire stock maker.
(Bloomberg) -- The world’s top makers of Covid-19 vaccines dropped after tests of Novavax Inc.’s shots showed they were 90% effective at preventing symptoms.Stocks tied to inoculations already cleared for emergency use fell in Monday trading, led by Moderna Inc closed down 5.2% after dropping 9.5% intraday. Pfizer Inc. fell 1.3% and the drugmaker’s German partner BioNTech SE dropped 7.5%. Consumer giant Johnson & Johnson reversed earlier losses to close up 0.3%, slightly more than the S&P 500 in
The Covid vaccine from Novavax is practically as effective as those from Pfizer/BioNTech and Moderna—but easier to distribute. So why is the stock down?
Plug Power, a maker of hydrogen fuel cells, is trying to rebound as momentum in renewable energy lifts shares. Is PLUG stock a buy right now?
Senseonics is flying as high short interest and a huge surge in social media mentions fuels another “Memic Monday.”
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