The Stock Market Had a Great Start to 2023. Earnings Season Could Be a Problem.

Investors got their Goldilocks jobs report on Friday morning, with a growing-but-slowing labor market, a tick-up in participation, and a deceleration in the pace of wage gains. It was the kind of release that makes an oft-wished-for soft landing seem almost possible.

These Wall Street Companies Are Cutting Staff as They Prepare for a Downturn

(Bloomberg) — With investment-banking revenue plummeting and a recession looming, Wall Street is in retrenchment mode. The job cuts and hiring freezes that struck the tech world have made their way to the finance industry, with banking executives preparing for what’s expected to be an austere year ahead.

6 Preferred Stocks That Offer Safety and High Yields

There still is plenty of yield in the depressed preferred-stock market—even after the recent half-point yield decline in the Treasury 10-year note to 3.7%. Many preferred issues yield 6% or more and offer investors good dividend security since they are a senior form of equity. Preferred holders also benefit since dividends, like those on common … Read more

Bank of America Posts an Earnings Beat. It Can Thank Rising Rates.

Bank of America Posts an Earnings Beat. It Can Thank Rising Rates.

The Stock Market Rebound Fizzled. Why a Real Bottom Could Be Forming Soon.

Investors seemingly can’t stop trying to pick a stock market bottom, no matter how bad the news—and it continues to backfire. The day for a real bounce, however, may be coming soon. Consider: This past Thursday, September’s consumer inflation report came in much hotter than expected, with the core CPI hitting a 40-year high. The … Read more

Bed Bath & Beyond Clinches Loan Deal

Bed Bath & Beyond Inc. has found a financing source to shore up its liquidity as it tries to weather recent missteps, according to people familiar with the matter. The company on Tuesday told prospective lenders that it has selected a lender to provide a loan following a marketing process conducted by JPMorgan Chase & … Read more

PayPal, Moderna Lead Buyback Frenzy Week, Giving Stocks a Lift

At least $21 billion in fresh share repurchase programs have been unveiled this week alone, with PayPal Inc. leading the charge and authorizing a new $15 billion buyback plan as it works with Elliott Investment Management to turn around its struggling shares. Moderna Inc., Airbnb Inc. and Marriott International Inc. have also added to or … Read more

XTX’s Zar Amrolia: Why ‘Terminator’ robots will never replace human traders

Zar Amrolia started off as a quant at JPMorgan in 1988 when he was in his mid-20s. He drifted into trading and sales, with stints at Credit Suisse and Goldman Sachs, rose to the head of currency trading at Deutsche Bank and eventually became co-chief of XTX Markets. Amrolia will step down in early 2023. Soon to join … Read more

JPMorgan Earnings: Stock Falls After Lender Halts Buybacks, Posts Profits Miss

Text size Investors are focusing on the steps JPMorgan is taking to prepare for a recession, rather than a double-digit increase in net interest income. David Paul Morris/Bloomberg Bank earnings season got off to a rocky start Thursday after JPMorgan Chase ’s second-quarter results fell short of what Wall Street expected. Making matters worse, the … Read more