S&P, Dow open lower as banks weigh
The S&P 500 and the Dow opened lower on Wednesday, dragged down by banking shares after disappointing results from Goldman Sachs, while investors awaited the release of details of an initial U.S.-China trade deal.
The S&P 500 and the Dow opened lower on Wednesday, dragged down by banking shares after disappointing results from Goldman Sachs, while investors awaited the release of details of an initial U.S.-China trade deal.
U.S. wireless carriers T-Mobile US Inc and Sprint Corp are expected to urge a federal judge on Wednesday to let them proceed with their $26.5 billion merger, as a group of states argues the deal violates federal antitrust laws.
"I keep wondering when people are going to recognize that it is historic that tariffs did succeed," said CNBC's Jim Cramer.
While the odds are stacked against hitting the jackpot — your chance is about 1 in 302 million — the IRS always gets a hefty piece of large lottery prizes.
The bank's public and private stakes in companies from Uber to WeWork have caused volatility in quarterly results in the past.
UnitedHealth Group Inc reported a better-than-expected quarterly profit on Wednesday, as the largest U.S. health insurer managed to control medical costs and made gains with the unit that houses its pharmacy benefits management business.
Target Corp said on Wednesday it missed its own expectations for holiday season sales, citing weak demand for toys and electronics for growth of just 1.4% and dragging shares across the retail sector lower.
U.S. stock index futures were marginally lower on Wednesday ahead of the release of details of an initial U.S.-China trade deal, with investors also digesting the second round of bank earnings after a strong set of reports on Tuesday.
Goldman Sachs Group Inc on Wednesday reported quarterly profit that missed analysts' estimates by a wide margin, hurt by weakness in its investment banking business and higher operating costs.
Almost everyone has some investing regrets, from not investing sooner to wishing they'd started to save for retirement far earlier.
Oil prices slipped on Wednesday on concerns that the Phase 1 trade deal between the United States and China, the world's biggest oil users, may not boost demand as the United States intends to keep tariffs on Chinese goods until a second phase.
Bank of America Corp beat analysts' estimates for quarterly profit on Wednesday, as a boost from bond trading and growth in its loan book helped the second-biggest U.S. lender blunt a hit from lower interest rates.
OPEC expects lower demand for its crude oil in 2020 even as global demand rises, it said on Wednesday, as rival producers grab market share and the United States looks set for another output record.
CEO David Solomon has had a busy few months.
The IRS kept $2.7 billion in refunds out of the hands of fraudsters last year through Sept. 30, according to the Taxpayer Advocate Service. Unfortunately, hundreds of thousands of legitimate filers waited more than 40 days to get their money.