• Goldman's next CEO urges his team to 'be more vulnerable' by sharing their personal lives

    2 monthes ago - By CNBC

    The push for openness by Goldman's next CEO embodies a shift that is occurring throughout the Wall Street firm as it plans an aggressive push into new markets.
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  • US stocks little changed in early trading

    2 monthes ago - By Chron

    U.S. stock indexes wavered between small gains and losses in early trading Friday as investors weighed the latest batch of company earnings reports and new government data showing the U.S. economy surged in the second quarter at the fastest pace since 2014. Losses in technology and health care stocks partially offset gains among retailers, restaurant chains and banks.
    KEEPING SCORE: The S&P 500 index fell 3 points, or 0.1 percent, to 2,833 as of 10:15 a.m. Eastern Time. The Dow Jones Industrial Average gained 8 points to 25,535. The Nasdaq composite index lost 26 points, or 0.3 percent, to...
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  • What people are missing when it comes to trade, stocks, and the market's favorite recession signal, according to a JPMorgan chief strategist

    What people are missing when it comes to trade, stocks, and the market's favorite recession signal, according to a JPMorgan chief strategist

    2 monthes ago - By Business Insider

    David Kelly, Chief Global Strategist of JPMorgan Asset Management, explains why the US trade deficit with China doesn't matter. Kelly explains that he runs a trade deficit with Costco and many other retailers. What does matter is whether you run a trade deficit overall.
    He says the cause for the US trade deficit is the country's budget deficit.
    Kelly expects US stocks to continue higher this year barring an even worse trade conflict.
    Kelly expects the yield curve to be almost completely flat a year from now and he says not to worry if it ends up inverted. He calls the inverted yield curve...
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  • Stocks rise on strong US economic growth

    2 monthes ago - By CNBC

    Stocks opened higher on Friday as Wall Street pored through strong economic data and the latest batch of quarterly earnings.
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  • Markets Right Now: US stocks open slightly higher

    2 monthes ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    9:35 a.m.
    Stocks are opening slightly higher on Wall Street as investors weigh the latest company earnings reports and new economic data.
    The Commerce Department said Friday that the U.S. economy grew at a strong 4.1 percent annual rate in the second quarter, the best showing since 2014.
    Twitter slumped 15.1 percent after the social media platform's monthly user figures fell short of estimates.
    Amazon rose 2.8 percent after the online retailer reported its biggest profit ever as its advertising and cloud computing businesses kept...
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