Morgan Stanley’s profit jumps as investment banking recovers
Anastasia Amoroso, chief investment strategist at iCapital, talks to “Making Money” about what could be the catalyst for a stock market selloff. Morgan Stanley’s second-quarter profit rose as its investment-banking business recovered on strength in equity and debt underwriting. The bank’s shares were still down 2% in choppy pre-market trading as asset management revenue rose […]
Trump, Vance, stocks, Dow, S&P, record highs
Jason Katz, Managing Director and Senior Portfolio Manager at UBS, explains what would happen to the markets if a Republican is elected US president. Former President Trump has officially secured the Republican nomination, with Senator J.D. Vance as his running mate. The Republican senator from Ohio, a former Marine, private equity veteran and best-selling author […]
‘Headed For Obsolescence’: Chinese Automakers Could Be Poised To Wipe Out American Car Titans
American automakers will need to make major changes to their businesses if they want to remain competitive with Chinese electric vehicles (EVs) poised to flood the global market, according to analysis published by auto industry consultants. U.S. manufacturers currently do tens of billions of dollars of business abroad, but Chinese competitors are poised to take […]
Internal Disney Communications Leaked Online After Hack
Claman Countdown panelists Bankim Chadha and Thomas Hayes share more about investing in cyclical stocks. Data from Disney’s internal Slack workplace collaboration system has been leaked online, including discussions of ad campaigns, studio tech and interview candidates, according to files viewed by The Wall Street Journal. An anonymous group of hackers calling themselves Nullbulge said […]
Apple hits all-time high as Morgan Stanley touts stock as ‘top pick’ for AI
Wamsi Mohan, senior IT hardware analyst at BofA Securities, said investors should buy Apple on The Claman Countdown. Apple shares rose to a record high during Monday’s trading session after Morgan Stanley named the company a “top pick” due to the company’s financial performance. Artificial Intelligence (AI) Push to increase device sales. Last month, Apple […]
Wall Street Giant Pulls Ad Featuring Trump’s Would-Be Assassin
Thomas Matthew Crooks, the 20-year-old who attempted to assassinate former President Donald Trump on Saturday, appeared in a corporate advertisement for BlackRock, according to Reuters. The asset manager ran an advertisement in 2022 that featured a teacher from Bethel Park High School as well as several unpaid students. One of these students was Crooks, BlackRock […]
AutoNation says CDK outage will hurt its second quarter bottom line
Ryan Payne, President of Payne Capital Management, appeared on “Mornings with Maria” to explain the latest data on the auto industry. AutoNation said Monday that CDK Global’s recent widespread software outage will have a negative impact on its second-quarter bottom line. The car dealership said the June outage at its auto dealer software provider will […]
Truth Social Stock Skyrockets Following Trump Assassination Attempt
Trump Media & Technology Group, the parent company of former President Donald Trump’s trademark “Truth Social,” saw its stock price spike when the New York Stock Exchange opened Monday morning. The company’s ticker “DJT’ opened at $46.20 Monday, up from the $30.89 it closed at Friday. The company’s market capitalization shot up to $7.9 billion […]
Macy’s cuts off talks with Arkhouse, Brigade
See what’s clicking on FoxBusiness.com Macy’s said Monday it was halting talks with Arkhouse Management and Brigade Capital Management about a possible acquisition. The company said the latest proposal from the two investment firms “remains unviable and fails to deliver compelling value to Macy’s shareholders.” It will instead continue to pursue a turnaround plan. Arkhouse […]
Trump Media shares leap in premarket trading after assassination attempt
See what’s clicking on FoxBusiness.com Shares in former President Donald Trump’s media companies soared Monday morning after he was injured in an accident. Assassination attempt At a rally in Pennsylvania over the weekend. Trump Media Technology Group shares rose 48% from the previous day’s high in premarket trading. The company debuts Late March. Stocks surged […]