Finance

Actively managed funds are stumbling again this year. J.P. Morgan shared the latest performance data with its clients, revealing only 41 percent of active fund managers are beating their benchmark year to date versus 52 percent last year in the same time period. “Active equity managers are facing a challenging year … with performance highly
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The cultural shift includes more transparency on financial targets. Analysts have voiced frustration with the lack of information Goldman offers on its various businesses. Under Solomon, the bank is considering hosting its first-ever Investor Day next year, according to people with knowledge of the plans. At similar events held by competitors, firms typically disclose multiyear
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The “Fast Money” traders shared their first moves for the market open. Dan Nathan was watching Twitter David Seaburg was a buyer of Alphabet Karen Finerman was a buyer of the ProShares UltraShort 20+ Year Treasury Guy Adami was a buyer of Cypress Semiconductor Trader disclosure: On July 25, 2018, the following stocks and commodities
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Wall Street is stunned over Amazon’s impressive June quarter earnings results. Analysts say they are growing more confident in Amazon due to its increasing ability to generate more profits from its key opportunities. The e-commerce juggernaut said Thursday it generated second-quarter earnings per share of $5.07, crushing the $2.50 Thomson Reuters consensus. Operating profit margin
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Check out the companies making headlines after the bell: Shares of Facebook plummeted more than 20 percent in after-hours trading. The social media giant reported mixed second-quarter results on Wednesday. It beat on earnings, posting $1.74 per share versus the $1.72 that was expected. But Facebook missed on revenue, generating $13.23 billion versus $13.36 billion
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PayPal reported second-quarter earnings that topped Wall Street estimates on Wednesday, but its third-quarter revenue outlook fell short. Here’s how the company did compared with what Wall Street expected: Earnings per share: 58 cents vs. 57 cents, forecast by Thomson Reuters Revenue: $3.86 billion vs. $3.81 billion, forecast by Thomson Reuters For the third-quarter, PayPal’s
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The battle between Pepsi and Coke continues, and this time PepsiCo is winning. The iconic food company announced Tuesday that, starting Sept. 1, PepsiCo would become the exclusive nonalcoholic beverage and snack partner across all Madison Square Garden Company properties. The deal upends a contract MSG held with Coca-Cola dating back to 1910. Scott Rothbort,
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Alphabet CEO Larry Page has long admired Warren Buffett’s business acumen in creating the industrial and investment conglomerate Berkshire Hathaway. And now analysts and investors are noticing Alphabet’s investments in emerging disparate businesses are starting to bear fruit — including YouTube, autonomous cars and cloud computing — drawing comparison to Berkshire Hathaway’s success. The internet
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Zachary Karabell is concerned there’s too much fear on Wall Street, based on one particular question from his clients. “It’s ‘why aren’t the markets going down because there is so much negative news,'” the River Twice Capital president told CNBC’s “Trading Nation” on Friday. Karabell said it’s the most disconcerting question he’s getting, especially since
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President Donald Trump is worried the Federal Reserve will raise interest rates two more times this year, a White House official told CNBC. Aides to the president, however, are telling Trump the central bank is conducting policy properly. Their message from Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow is “the Fed
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Daniel Kalt appears in a private client meeting room at a branch of UBS, overlooking Lake Zurich. The Swiss bank’s regional chief economist and chief investment officer turns to look at me. I recognize his chiseled features, his slight smile and short hair, turning grey at the sides. But something is not right. Mr. Kalt
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The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Weight Watchers Brian Kelly was a buyer of SPDR Gold Shares Dan Nathan was a buyer of Target Guy Adami was a buyer of IBM Trader disclosure: On July 19, 2018 the following stocks and commodities mentioned
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Fed officials, including Chairman Jerome Powell, have raised interest rates twice this year and have pointed to two more before the end of 2018. The Fed did not comment on the president’s remarks Thursday. After Trump’s criticism of the central bank aired on Thursday, the White House sent a statement to clarify the president’s remarks.
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