House Republicans took aim at the nation’s top markets regulator Tuesday for its oversight of the digital asset industry
Peter Morici: Silicon Valley Bank’s failure is no reason for stricter bank regulation
Raise the cap on deposit insurance and train more competent bank examiners.
Earnings Results: Bank of America beats profit targets and sees record inflows of $37 billion from new and existing clients
Lender fares well despite turmoil in banking sector as it grows its checking and wealth management customer base.
Outside the Box: Nvidia is AI hardware’s growth leader now, but Intel, AMD and others are closing fast
AI hardware, which was a $10 billion industry in 2021, is expected to be an $89 billion industry by 2030.
Mark Hulbert: America’s CEOs believe stocks are cheap and M&A action says they’re right
Almost all recent M&A deals were paid for with cash — a bullish sign.
Economic Report: First-quarter GDP looks pretty good. The rest of the year doesn’t look so hot.
The U.S. economy got off to a surprisingly good start in 2023, but growth appears set to falter in the rest of the year as higher interest rates take a bigger bite.
Key Words: It’s simple, J.B. Hunt president says: ‘We’re in a freight recession.’
J.B. Hunt Transport missed first-quarter profit and revenue expectations as the trucking company faced what president called a ‘freight recession.’
The Moneyist: The cable guy introduced my 90-year-old stepmother to a new ‘friend,’ and she’s gotten fleeced. Am I legally responsible if she ends up destitute?
‘The bad news is she has welcomed this friend back into her home as a live-in caregiver after kicking her out twice.’
Market Snapshot: U.S. stocks struggle for direction with earnings, interest rates in focus
Major U.S. stock indexes hover near unchanged Tuesday afternoon following another round of earnings.
: Virtu CEO slams Gensler reforms as Democratic plan to curb retail trading
SEC Chairman Gensler has embarked on a mission to fundamentally overhaul the structure of U.S. securities markets, and he’s made a few enemies along the way.
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