Bank shares surge after most get the go ahead from the Fed to raise dividends, buybacks

The biggest U.S. banks announced plans to buy back tens of billions of dollars in stock and hike their quarterly dividends after passing an annual stress test by the Federal Reserve. Bank shares rose broadly on the news, with Bank of America, Citigroup and J.P. Morgan Chase trading at least …

Canopy Growth Corporation (CGC) CEO Bruce Linton on Q4 2018 Results – Earnings Call Transcript

Bruce Linton Great. Thank you. I would like to start the call off by reminding everybody of the business win, and I know that the headlines continuously talk about the parties commenced in Canada on October 17th, which from my American friends is a week after our Thanksgiving and I …

Paul Tudor Jones warns the next recession will be ‘really frightening’

Legendary global macro trader Paul Tudor Jones is warning that asset prices are too high. And furthermore, he’s concerned about what the next recession might look like. He shared his thoughts on Monday during a conversation with Goldman Sachs CEO Lloyd Blankfein as part of the firm’s “Talks at GS” …

Russia cuts Treasury holdings in half as foreigners start losing appetite for US debt

Foreign governments pulled back their purchases of longer-term U.S. debt as trade tensions escalated around the world. The declines are relatively small so far for notes and bonds — just shy of $5 billion each for March and April, the most recent months for which Treasury data are available — …

The mysterious trader known as ’50 Cent’ appears to be back betting on more stock market chaos

It looks as if the swashbuckling volatility trader known as “50 Cent” is already plotting his comeback. Known for his consistent purchases of bite-size Cboe Volatility Index (VIX) options — usually costing about 50 cents — the trader has historically positioned himself to profit from market turbulence. But he took …

The Fed has a surprise in store that could mean an early end to interest rate hikes

The Federal Reserve could have a surprise in store for investors this week, even if everyone already knows the central bank is raising interest rates. Along with the quarter-point increase in the Fed’s benchmark short-term target, the policymaking Federal Open Market Committee is likely to announce another change that would …

Tesla will see at least another 26 percent rise, technical analyst says

A surge this week has Tesla racing back to levels not seen in three months and reversing a sell-off that had wiped out a year’s worth of gains. The charts suggest its comeback is just getting started, one technical analyst says. “Tesla likes to consolidate and then thrust higher,” TradingAnalysis.com’s …

Wall Street will make more risky bets after rule change, with Goldman Sachs and Morgan Stanley leading the way

Goldman Sachs traders lost $180 million last year on bad bets in natural gas markets, helping cause the worst commodities trading performance in the bank’s history as a public company. The bank, a powerhouse in commodities trading for decades, had positioned itself to profit from volatility in natural gas prices …

Short sellers betting against Tesla lose more than $1 billion in single day as stock pops

Investors betting against Tesla lost more than $1 billion Wednesday as the company’s shares rallied the most in over two years, according to estimates from financial technology firm S3 Partners. Tesla stock closed Wednesday up 9.7 percent at $319.50 per share, meaning investors who sold the stock short lost a …