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The world's money news right now: markets, the economy, the companies and the deals moving capital across every continent today.
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JPMorgan Upgrades Amex as Geopolitical Defensive Play
JPMorgan upgraded American Express to Outperform, arguing the card issuer's affluent customer base justifies a steep valuation pre…
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San Francisco Living Costs Require Up to $3.86 Million in Dividend Capital
Generating a $135,000 annual passive income stream in San Francisco demands up to $3.86 million in capital, highlighting the sever…
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US Retirees Hit by IRA Tax Trap in Record Charity Year
A record $617 billion in US charitable giving last year masked a costly tax trap for retirees who wrote checks from IRAs instead o…
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Bank of America Q2 profit jumps 27% on trading, IB surge
Bank of America posted a 27% jump in second-quarter profit to $9.1 billion, driven by a sharp rebound in investment banking and tr…
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JPMorgan Q2 profit $16.9bn as trading and deal fees surge
JPMorgan Chase posted a $16.9 billion second-quarter profit as a Wall Street trading and deal-making boom offset consumer headwind…
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Cincinnati's $1.9bn rail fund barred from housing
A $1.9bn windfall from the sale of Cincinnati’s railway to Norfolk Southern is legally trapped by state lawmakers, leaving the cit…
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Americans back plan to transfer half of AI stock to public fund
A new survey shows strong public support for a proposal to force OpenAI and Anthropic to surrender half their equity to a sovereig…
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Oakmark Buys Elevance Health on Bet Margins Will Recover
Harris Oakmark added Elevance Health to its equity and income fund, betting that temporary reimbursement mismatches will normalize…
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Truck Driver Pay Index Reaches Record High After Sharp Two-Month Surge
A joint payroll index from AscendTMS and Superior Trucking Payroll Services shows driver compensation hitting an all-time high, si…
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Bitcoin, Ethereum ETFs Break Eight-Week Outflow Streak
Digital asset funds recorded their first weekly inflows since May, offering a tentative signal that institutional investors may be…
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Apple Stock Downgraded To Sell. Here's Why.
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Alphabet's 63% cloud surge drives Oakmark fund returns
Harris Oakmark highlighted Alphabet as its top Q2 performer, crediting AI-powered monetization in search and a 63% cloud revenue s…
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Software Stocks, IT Services Firms Pummeled Amid IBM's Q2 Earnings Miss
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ICE shares fall 23% on AI fears despite record revenue
Intercontinental Exchange shares have lost nearly a quarter of their value over the past year as investors fret over artificial in…
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Chipotle enters Mexico with Alsea in international expansion push
Chipotle is opening its first Mexican restaurant in Monterrey, a high-stakes proof-of-concept for the US chain's broader internati…
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Hut 8 Stock Gets A Price Target Boost As A.I. Pivot Succeeds
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Jim Cramer's top 10 things to watch in the stock market Tuesday
S&P 500 futures are up after June inflation data came in weaker than expected and earnings season kicked off with the banks.
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BoE Eases Capital Rules for AI Lending Amid Bubble Fears
The Bank of England is preparing to loosen post-crisis capital rules to fuel AI investment just as Governor Andrew Bailey warns of…
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AI’s Biggest Winners Are Creating Its Biggest Losers. Here’s What It Means for Investors
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JPMorgan crushes estimates as trading revenue nearly doubles
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SpaceX Fetches Amazon Multiples Despite $80B Profit Gap
Investors are assigning Amazon-level valuations to SpaceX despite a massive gulf in revenue and profitability, raising fresh quest…
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Hyperliquid stock perps capture half of exchange volume
Synthetic stock trading on Hyperliquid has surged to account for roughly half of the exchange's daily perpetual volume, signaling …
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Visa is launching an AI Financial Assistant for banking apps: What cardholders should know
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Citi Q2 profit jumps 45% on trading, investment banking
Citigroup reported its highest quarterly revenue in a decade, but a 1.2% premarket drop suggests investors are already pricing in …