Wall Street

Trading lifts Morgan Stanley profit past estimates

Morgan Stanley’s profits surged in the fourth quarter, comfortably beating estimates as the Wall Street bank’s trading business benefited from coronavirus-induced volatility in financial markets...

Goldman, BofA profits top estimates

Goldman Sachs’ quarterly profit crushed Wall Street’s estimates, while Bank of America’s bottom line fell but breezed past analysts’ targets. Fred Katayama reports.

Bank earnings, Biden plan lead stocks lower

Wall Street's main indexes finished lower on Friday, weighed down by big U.S. banks after their earnings reports and concerns about the viability of President-elect Joe Biden's $1.9 trillion economic..

‘We need to make New York anti-poverty’ -Yang

[NFA] Former 2020 U.S. presidential contender Andrew Yang, who built a strong grassroots following on the promise of a universal basic income, is running for mayor of New York City with the same..

Wall Street ends lower after weak jobs data

Wall Street closed lower Thursday as hopes for fresh fiscal stimulus ahead of President-elect Joe Biden’s pandemic aid proposal were pitted against a weakening labor market. Fred Katayama reports.

S&P 500, Nasdaq finish higher

Wall Street's benchmark S&P 500 index closed slightly higher on Wednesday with defensive sectors leading gains as investors waited for details of the next U.S. fiscal stimulus plan and Congress began..

FULL SHOW 01/13/2021: The dawn of new presidential policies on Wall Street

Facebook critic Roger McNamee discusses Big Tech’s deplatforming of President Trump. Plus, budget hawk and CRFB President Maya MacGuineas on why some deficit spending is necessary. And Nancy Tengler,..

Investors stay put ahead of impeachment push

The S&P 500 was little changed and the rest of the market posted small gains Tuesday as Wall Street sits on its hands, waiting for earnings season and for what's next in efforts to impeach President..

Do tech companies deserve blame for America's divides?

Adam Sharp, a former Twitter executive, talks about Twitter’s decision to ban Trump. He supports the decision because Trump “crossed a constitutional line.” Sharp says he hopes for a “new..

Dow, S&P end wild year at record highs

The Dow and S&P 500 rose to close at record highs Thursday as investors closed the book on a turbulent year of pandemic, recession and recovery. Fred Katayama reports.

Wall Street dips from record levels

U.S. stocks edged lower on Tuesday in choppy trading after hitting record highs, as investors worried about the path of the economic reopening and whether the Senate would authorize additional pandemic..

Wall Street falls but Tesla soars

U.S. stocks ended lower on Friday, pulled down by uncertainty around a coronavirus stimulus deal, while Tesla shares hit a lifetime high in anticipation of their addition to the S&P 500 next week. Fred..

Nasdaq closes at record high

Wall Street rose on Wednesday, with the Nasdaq closing at a record high as investors awaited a potential fiscal economic stimulus package and after the Federal Reserve repeated a pledge to keep its..

Record Wall Street highs despite dismal jobs data

Wall Street's main indexes rose to all-time highs on Friday as data showing the slowest U.S. jobs growth in six months raised investors' expectations for a new fiscal relief bill to help revive the..

Wall Street too giddy over vaccines: economist

Spartan Capital Securities chief market economist Peter Cardillo tells Reuters Fred Katayama investors are overly optimistic on the impact of vaccines as AstraZeneca's trial data comes under question...