SELECT LANGUAGE BELOW

Why a 60/40 stock, bond portfolio needs a makeover

BlackRock Chairman and CEO Larry Fink gives his views on tariff negotiations with China and market volatility in the “Craman Countdown.” The 60/40 portfolio was a proven way for people building retirement nest eggs in a diversifying safety net from bonds to stocks. But in times they’ve changed, with BlackRock CEO Larry Fink advising a […]

Eli Lilly stock surges after trial of Ozempic-like weight loss pill

Eli Lily Stocks jumped 15% After clinical trials of that experimental drug, it was shown that patients with type 2 diabetes can help lose weight at levels comparable to leading injections like Ozempic. Mid-stage exam results announced on Thursday The drug giant showed its patient Taking Orforglipron meant loss of 16 pounds (7.9% of body […]

Jeffries gives jolt to stalled congressional stock ban push

House minority leader Hakeem Jeffries (DN.Y.) has significantly improved his efforts to ban Congressional members from trading individual stocks. This is an idea that has broad support from the bipartisan supporters of Congress and the public. Deliberate and public promotion from Jeffries – he comes to criticize Republicans as a potential “stock manipulation” before his […]

Goldman Sachs cashes in on stock market turmoil as bank posts $4.7B profit

Goldman Sachs has caused stock market disruption from President Donald Trump’s looming tariffs in its record-breaking haul in the first three months, but CEO David Solomon warned of “material risks” to the economy if there is a world trade war. The Wall Street giant on Monday was the latest major bank to announce strong revenues, […]

Jamie Dimon sells $31.5M worth of JPMorgan shares in latest round of stock sales

JPMorgan Chase CEO Jamie Dimon sold about $31.5 million worth of shares in the bank, according to regulatory filings. Also, since taking over the top role in 2005, Dimon has offloaded several shares with his first such sales last year. Last week, US largest lender JPMorgan outperformed record-breaking first quarter earnings estimates for stock trading […]