Is the U.S. stock market too ‘concentrated’? Here’s what to know
The U.S. stock market has become dominated by about a handful of companies in recent years. Some experts question whether…
JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps
JPMorgan Chase and Morgan Stanley said Friday that they were boosting both dividend payouts and share repurchases, while rivals Citigroup…
Warren Buffett gives away another $5.3 billion, says his children will manage his estate
Warren Buffett on Friday made his biggest annual donation to date, giving $5.3 billion worth of Berkshire Hathaway shares to…
Western clothing craze sends sales of denim dresses and skirts soaring, Levi Strauss says
In a lyric on her latest album, Beyoncé sings “denim on denim, on denim, on denim.” Levi Strauss shoppers are…
Chewy stock pops 34% after Roaring Kitty posts a dog picture, then gives it all back
Chewy shares rallied dramatically on Thursday after meme stock leader Roaring Kitty posted a picture on social media platform X…
JPMorgan Chase says its stress test losses should be higher than what the Fed disclosed
JPMorgan Chase said late Wednesday that the Federal Reserve overestimated a key measure of income in the giant bank’s recent…
Federal Reserve says all 31 banks in annual stress test withstood a severe hypothetical downturn
The Federal Reserve said Wednesday that the biggest banks operating in the U.S. would be able to withstand a severe…
Morgan Stanley wealth advisors are about to get an OpenAI-powered assistant to do their grunt work
Morgan Stanley is pushing further into its adoption of artificial intelligence with a new assistant that is expected to take…
Regulators hit Citigroup, JPMorgan Chase, Goldman Sachs and Bank of America over living will plans
Banking regulators on Friday disclosed that they found weaknesses in the resolution plans of four of the eight largest American…
