Wall Street

Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by…

Citadel’s Ken Griffin says the Fed shouldn’t cut too quickly, citing big tailwinds supporting inflation

Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against…

Stocks making the biggest moves after hours: Oracle, Vail Resorts, Advance Auto Parts and more

Check out the companies making headlines after the bell. Oracle — The database software stock surged about 10% in extended…

DOJ opens investigation into Alaska Airlines incident of door panel blowing out midair, WSJ says

The Justice Department has started a criminal investigation into the Alaska Airlines incident where a door panel blew out mid-air…

President Biden signs $460 billion spending bill to avert a partial government shutdown

President Joe Biden on Saturday signed a $460 billion spending bill into law, averting a partial government shutdown that would…

Megacap tech stocks dominate many ESG funds. Here’s why

The top holdings of many ESG funds may be surprisingly familiar. While these strategies consider a company’s environmental, social and…

Stock market bubble? Analysts explain why they’re not worried

Despite the heavy concentration of the U.S. market rally in expensive, AI-focused tech stocks, analysts say Wall Street is not…