SEC’s Gensler in congressional hot seat today over climate change and crypto
The House Financial Services Committee will hold a hearing on oversight of the Securities and Exchange Commission this morning. Oversight hearings…
Stocks making the biggest moves premarket: Johnson & Johnson, Goldman Sachs, Sunrun and more
Check out the companies making headlines before the bell on Tuesday. Goldman Sachs — The investment bank said first quarter…
Bank of America posts first-quarter results that top expectations on higher rates
Bank of America on Tuesday reported first-quarter earnings and revenue that topped expectations on the back of higher interest rates.…
Britain could see crypto-specific regulation in the next 12 months, top lawmaker says
Britain could introduce specific laws aimed at regulating the cryptocurrency industry in the next 12 months, a top lawmaker told…
Goldman Sachs misses revenue estimates after taking $470 million hit on Marcus loans
Goldman Sachs posted first-quarter results Tuesday that missed analysts’ expectations for revenue after taking a $470 million hit tied to…
Nio says it won’t join the ‘price war’ and slash prices like Tesla
SHANGHAI — Chinese electric car company Nio will keep its prices high rather than cut them, CEO William Li told…
Market may ignore recession for first time since 1945, RBC’s top strategist Lori Calvasina finds
Wall Street may be ripping a page out of the post-WWII era. According to RBC Capital Markets’ Lori Calvasina, stocks…
Crypto stablecoins might need limits to avoid disruptions to financial stability, warns Bank of England
Regulators may need to introduce limits on the use of stablecoins in payments to prevent potential threats to financial stability,…
Stocks making the biggest moves midday: Alphabet, Charles Schwab, State Street, Moderna and more
Check out the companies making headlines in midday trading. State Street, M&T Bank – Shares of State Street dropped 11%…
Some travel is ‘off the charts’ expensive, experts say. Here are 3 ways to cut some costs
Some aspects of travel are pricier than ever amid pent-up demand. “The big cities and the popular [international] destinations —…
