The marijuana industry is growing by leaps and bounds, and investors have taken notice. Arguably no industry has been stronger since the year began, or over the trailing three years, than cannabis. According to various Wall Street investment banks,...
The past year hasn't been very good to bank investors. The SPDR S&P Bank ETF (NYSEMKT: KBE), which tracks the banking entities in the S&P 500, is down 14% over the past year, compared to 6.7% in gains for the S&P 500 over the same...
The President of Mexico says the nation's banking sector could benefit from tighter competition between financial institutions, bringing down transaction costs and boosting the demand for financial services. That would, in turn, support consumer...
Related topics: Mexico
BUENOS AIRES (Sputnik) - Venezuelan Communications Minister Jorge Rodriguez on Saturday lashed out at the opposition for pocketing a billion of dollars in government funds held in US banks.
Related topics: Argentina, Buenos Aires
Sri Lanka has accepted another huge loan of $989 million from China's EXIM Bank for the Central Expressway project which will connect the country's more rural areas with its economically developed provinces.
Related topics: China, Sri Lanka
Central banks and finance ministries currently hold more than 33,000 tons of gold worth about $1.4 trillion, at today’s prices. These authorities are among the world’s largest holders of gold. While...
Related topics: Gold
Happy Friday and welcome back to On The Money. I'm Sylvan Lane, and here's your nightly guide to everything affecting your bills, bank account and bottom line.See something I missed? Let me know at slane@thehill.com or tweet me @SylvanLane. And if...
Related topics: North Korea, Fed
Authored by Dean Steinbeck via Hackernoon.com,
For most businesses, opening a bank account and getting access to a variety of services is a straightforward task.
But this is not the case for certain businesses that operate on the fringe of what is...
Central banks and finance ministries currently hold more than 33,000 tons of gold worth about $1.4 trillion, at today’s prices. These authorities are among the world’s largest holders of gold. While...
Related topics: Gold
One of last year's hottest stocks is on fire again in 2019, and at least one Wall Street pro sees Twilio (NYSE: TWLO) moving even higher. Deutsche Bank analyst Michael Turrin is bumping his price target on the stock from $130 to $150, the highest...
Related topics: US Equity Markets, Deutsche Bank
Shares of Bank of America (NYSE: BAC) traded down 4% on Friday afternoon on investor fears that falling bond yields and the potential for a slowing economy will eat into results. Bank of America missed out on a Federal Reserve-inspired rally on...
Related topics: Bank Of America, US Equity Markets, Fed
A great spring break trip doesn't need to break the bank. Here are Expedia's top 20 destinations where round-trip airfare costs $500 or less.
Related topics: Expedia
Trump on Friday announced that he nominated a conservative think tank fellow, who has criticized everything from paid sick leave to unemployment insurance, to a position on the Federal Reserve Board — a powerful position that has say over monetary...
Related topics: Fed, Unemployment
The Zacks Major Regional Banks industry comprises the nation’s largest banks by assets — most having operations worldwide. The financial performance of these banks largely depends on the nation’s economic health. Being involved in...
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Wells Fargo & Company (WFC): Free Stock Analysis Report M&T Bank Corporation (MTB):...
Related topics: Wells Fargo
From Felice Maranz:
(Bloomberg) — Big banks extended losses into a fourth day Friday, as 10-year Treasury yields tumbled, the 3-month/10-year yield curve inverted for the first time since 2007, U.S. manufacturing data missed expectations and...
Related topics: Bloomberg
From Fred Imbert: Stocks dropped on Friday as investors worried global economic growth could slow down following the Federal Reserve‘s cautious outlook from earlier in the week.
The Dow Jones Industrial Average traded 450 points lower as...
Related topics: Fed
Stocks are opening lower on Wall Street led by declines in banks and industrial companies. The Dow is down over 100 points
So much for letting the free market be.
GOP Sens. Kevin Cramer of North Dakota and John Kennedy of Louisiana introduced a bill on Thursday that would force major banks to do business with the gun industry or else face punishments like restricting...
Lesson one of central banking: yield curve inversion should only be allowed when the central bank wants to push inflation down. So what does the Fed think it's doing? Is it that confident that the bond market does not know what it is doing?...
Related topics: Inflation, Fed