Anshu Jain, a veteran investment banker who led Deutsche Bank AG during a tumultuous time in the German lender’s history, has died. He was 59. Mr. Jain has been credited with helping build Deutsche Bank’s investment-banking business, making the once sleepy German bank into a global trading powerhouse. When Mr. Jain became co-CEO in 2012 … Read more
Text size As the market rebounds, speculative stocks are staring. For proof, consider Cathie Wood’s ARK Innovation ETF, up about 40% since mid-June. David Swanson/Reuters/Alamy What bear market? Stocks continued their summer rally this past week as better-than-expected inflation results helped lead to a 3.3% gain in the S&P 500 index, its fourth consecutive weekly … Read more
Shares of Occidental Petroleum Corp. OXY, +0.06% inched 0.06% higher to $65.73 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.73% rising 1.73% to 4,280.15 and the Dow Jones Industrial Average DJIA, +1.27% rising 1.27% to 33,761.05. This was the stock’s sixth … Read more
Shares of Palantir Technologies Inc. PLTR, +5.20% advanced 5.20% to $9.91 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.73% rising 1.73% to 4,280.15 and the Dow Jones Industrial Average DJIA, +1.27% rising 1.27% to 33,761.05. Palantir Technologies Inc. closed $19.38 below … Read more
Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ended in June, the filing … Read more
Shares of Alphabet Inc. Cl A GOOGLE, +2.39% rose 2.39% to $121.68 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.73% rising 1.73% to 4,280.15 and the Dow Jones Industrial Average DJIA, +1.27% rising 1.27% to 33,761.05. Alphabet Inc. Cl A closed … Read more
Text size Packages ready to be sent to an Amazon center. Thomas Samson/AFP via Getty Images Some major companies, including Tesla spirit Amazon . com, are likely to face higher tax bills under the $750 billion Inflation Reduction Act, which was approved in the House on Friday. The legislation was approved in the Senate on … Read more
Shares of Tesla Inc. TSLA, +4.68% rallied 4.68% to $900.09 Friday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +2.09% rising 2.09% to 13,047.19 and the Dow Jones Industrial Average DJIA, +1.27% rising 1.27% to 33,761.05. Tesla Inc. closed $343.40 below its 52-week … Read more
Text size Packages ready to be sent to an Amazon center. Thomas Samson/AFP via Getty Images Some major companies, including Tesla spirit Amazon . com, are likely to face higher tax bills under the $750 billion Inflation Reduction Act, which was approved in the House on Friday. The legislation was approved in the Senate on … Read more
Shares of Microsoft Corp. MSFT, +1.70% advanced 1.70% to $291.91 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.73% rising 1.73% to 4,280.15 and the Dow Jones Industrial Average DJIA, +1.27% rising 1.27% to 33,761.05. Microsoft Corp. closed $57.76 short of its … Read more