Bank of America boosts CEO Brian Moynihan’s pay 15% to $26.5 million after record profit last year
Bank of America CEO Brian Moynihan got a 15 percent raise, the biggest increase among bank chiefs to disclose pay so far, after the lender reported record earnings last year. Moynihan’s compensation rose to $26.5 million from $23 million in...
Trade could be the biggest catalyst in week ahead
The earnings deluge continues and inflation reports are due, but it will be the tone of trade talks in Beijing that could have the biggest impact on markets in the week ahead. U.S. Trade Representative Robert Lighthizer and Treasury Secretary...
The fate of the market this year could be in the hands of the ‘Powell Put’
Call it the “Powell Put” or the “Powell Pivot” or something else, but the Federal Reserve chairman’s recent change in approach to monetary policy is reverberating through the markets. In just a matter of a few months, central bank chief...
Trade war headlines could get much worse before they get better as the US looks to Europe
With little apparent progress in U.S.-China trade talks, the Trump administration could be about to open up a new front in the trade wars by taking on the European auto industry — and that could spook markets. U.S. negotiators head...
Stocks making the biggest moves premarket: Hasbro, Coty, Expedia, Verizon & more
Check out the companies making headlines before the bell: Hasbro – The toy maker earned an adjusted $1.33 per share for its latest quarter, well below the consensus estimate of $1.67. Revenue was also below forecasts, with gaming revenue down...
Stocks making the biggest moves after hours: Skechers, Mattel, Columbia Sportswear and more
Check out the companies making headlines after the bell: Shares of Skechers surged more than 16 percent in extended trading after the company released fourth-quarter results that beat on its bottom line. The shoe company posted earnings of 31 cents...
Ocasio-Cortez’s Green New Deal offers ‘economic security’ for those ‘unwilling to work’
The Green New Deal that Democrats proposed Thursday looks to create a more environmentally sound country with economic benefits for everyone — even those who don’t want to work. An overview circulated by proponents states the plan seeks a “massive...
Bank investors are looking everywhere for the next mega-deal, with this one wrinkle
After BB&T and SunTrust’s $66 billion merger announcement got a warm reception from markets Thursday, analysts and investors are scurrying to figure out which banks will be next. The key to the deal’s positive reaction is that it’s been labelled...
Fed’s Powell reveals what he thinks is the biggest challenge over the next decade
Sluggish productivity and widening wealth gap are the biggest challenges facing the U.S. over the next decade, Federal Reserve Chairman Jerome Powell said Wednesday. Speaking at a town hall in Washington D.C. to a group of educators, the central bank...
Yelp hires Evercore for activist defense after hedge fund calls for sale and board overhaul
Yelp, the review site for restaurants and local businesses, has hired Evercore to help defend the company against an activist investor, who recently called for a board shake-up and potential sale, according to people familiar with the matter. Hedge fund...
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