Oil Price The energy transition would need a major change in the mentality of stock market investors to succeed. Investors’ focus on relatively fast returns and immediate financial performance right now makes them reluctant to invest in transition companies. And this could become the death knell of that transition. “Public markets are probably the cheapest cost of capital,” KKR partner
CNBC If anybody on Wall Street is due a victory lap, it’s Daniel Pinto. The head of JPMorgan Chase’s massive corporate and investment bank is fresh off a year for the record books: Pinto’s business produced $49.3 billion in revenue and $17.1 billion in profit in 2020, more earnings than JPMorgan’s three other divisions combined. But Pinto, who is one of two
CNBC Wall Street investors largely believe a Joe Biden presidency could mean lower stock-market returns, according to a new CNBC survey. As a part of CNBC’s Quarterly Report, we polled more than 100 chief investment officers, portfolio managers and CNBC contributors who manage money about where they stood on the upcoming year for stocks under a new administration. The survey
CNBC The evidence of climate change — from global temperature records to Arctic ice melt, wildfires, hurricanes and flooding — is accelerating. So is investment pressure on corporations. In the past week, Exxon Mobil was targeted by activist investors, as well as CalSTRS, one of the nation’s largest pension funds. New York State’s $226 billion pension fund announced a plan to
Fox Business Former New York Stock Exchange Chairman Dick Grasso weighed in on the market’s recent records on Thursday telling “Cavuto: Coast to Coast,” he thinks Wall Street is factoring in a coronavirus vaccine, more fiscal relief and a divided government. “What the market is saying is, ‘We’re looking to a COVID relief package before the Congress goes out, we’re looking to very effective vaccination program, looking to a divided government,’ hopefully as a result of
CNBC Earnings season kicks off in a couple weeks, and here’s why it may be better than expected. The S&P 500 is down 4% for the month, the first down month since March, but investors are expecting big things from corporate earnings reports, which begin Oct. 13 when JPMorgan releases results. “September has been a rough month for global equities,” Earnings Scout’s Nick
CNBC The worst earnings season in years is about to begin, and it’s possible the stock market could shrug off the sharp profit decline, as long as companies see some signs of a recovery ahead. Earnings are expected to fall by 44%, the worst quarterly performance since the Great Recession when S&P 500 profits fell by 67% in the fourth
FOX Business U.S. equity markets rallied Friday after a study found an experimental treatment reduced death in COVID-19 patients. The Dow Jones Industrial Average rose as many as 201 points, or 0.78 percent, while the S&P 500 added 0.38 percent. Meanwhile, the Nasdaq Composite seesawed between losses and gains after booking its 26th record-high close of the year on Thursday. Ticker Security Last Change Change %
CNBC Stocks fell in volatile trading Friday as Wall Street wrapped up its worst weekly performance since late March. Investors grappled with a slew of economic reports as well as increasing tensions between China and the U.S. The Dow Jones Industrial Average traded 100 points lower, or 0.4%. Earlier in the day, the 30-stock average dropped more than 260 points.
CNBC The market’s blistering sell-off over the last month is so bad that investors have already pretty much priced U.S. stocks as if the economy is headed for a recession, based on a history of past declines around economic downturns by RBC. The median and average recession-related market decline sees the S&P 500 plunge 24% and 32%, peak to trough, respectively, RBC
Up, down. Up, down. The Dow Jones Industrial Averages closed at 18,004.16 today. Up 106.70 points. For the year, the Dow is up 3.32%, or 579.03 points. The Dow is up 14% since it “crashed” to 15,451 back in January. Who are the Top five Dow stocks in 2016? Ticker Name Change CAT Caterpillar 16.61% WMT Wal-Mart 13.96% MMM 3M
Remote location and complex geology remain obstacles The Chinese government announced yesterday that it will open six oil and gas blocks for private companies to explore in the Xinjiang region in northwest China. China’s Ministry of Land and Resources said that it hoped the move would “stir up market vigor.” However, obstacles still remain, according to Neil Beveridge, an analyst
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