Of the world’s 15 largest banks, the top four are based in China. These four giants topped the list in 2016 and in 2017, so it’s no surprise at all that there has been no change at the top.
The top four banks Industrial & Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Bank of China have combined assets totaling $13.637 trillion, up by $1.727....More>>>
Shake Shack Inc (NYSE:SHAK) is on a similar trajectory as Krispy Kreme, the doughnut shop that wowed markets in the wake of the dot-com collapse, but eventually fell to Earth.
After what was considered a blow-out quarter, with net income of nearly $5 million, or 13 cents per share, on sales of $99 million, SHAK shares jumped 20% over the course of two days.
Now they’re falling,....More>>>
Even though BTC prices have dropped 40.48%, from $14,112.20 on Jan. 1 to $8,398.41 today (May 14), we aren’t worried.
Yes, if you jumped in around January and have watched the Bitcoin prices plummet, you probably have the urge to sell all your coins or avoid the crypto market entirely.
That could be a costly mistake…
There are developments happening right now....More>>>
Verizon Communications Inc. (NYSE:VZ) shares were gaining Friday as the company received an upgrade from analysts at JP Morgan Chase & Co. (NYSE:JPM).
For a moment, it looked like better times were on the way for Wells Fargo & Co (NYSE:WFC). Between late November and late January, Wells Fargo stock gained almost 25%. A series of regulatory missteps seemed behind the company, and WFC stock looked set to finally join in the long-running rally in big bank stocks.
Then the Federal Reserve announced sanctions on Wells Fargo and the rally....More>>>
This week’s monster IPO, that of financial services companyAXA Equitable Holdings,stands to not only be the largest in terms of capital raised this year, but it’s also likely to notch the record for the largest in this half of the decade so far. It tips the scales at around $3.5 billion, at the midpoint of its per-share IPO price. It’ll be the biggest initial offering since the....More>>>
The financial sector was a major part of the Great Recession, and it has been a major part of the recovery and raging bull market since then. Generally speaking, the major financial institutions in the United States are a good barometer of the current state of U.S. markets.
So when short sellers make a play against these major banks, they are effectively betting for a downturn. Conversely,....More>>>
The prospect of big bank deregulation in light of the outrageous ongoing criminal activity – because that’s what it is – at Wells Fargo & Co. (NYSE: WFC) makes me cringe.
Last week, the U.S. Federal Reserve, the principal regulator of America’s systemically important financial institutions (SIFIs), proposed the first big bank-friendly....More>>>
U.S. stock futures are trading broadly higher this morning. Wall Street was bolstered by news that North and South Korea would hold their first summit meeting in more than a decade. Additionally, industrials got a lift as resistance to President Donald Trump’s tariff plan mounted from key House Republicans, including Speaker Paul Ryan.
Heading into the open, Dow Jones Industrial Average....More>>>
Medibloc prices surged 123% over the last 24 hours as traders continued to pile money into alternatives coins.
Medibloc isn’t a household name, but it was today’s top performer in the space. While it’s unclear why prices skyrocketed, the crypto startup has been generating buzz before the gains.