Jack Ma is praising Alibaba. Wall Street is more cautious
Alibaba shares got a boost last week from news founder Jack Ma is pleased with the company's turnaround so far. That's after co-founder and current Chair Joe Tsai told CNBC in late February he felt a lot more "confident" about Alibaba's ability to still be a top e-commerce...
Goldman Sachs reports earnings before market open — here’s what the...
David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBCGoldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday.Here's...
‘Buffett really was not a great stock picker’: Financial researcher...
Larry Swedroe, who is considered one of the market's most esteemed researchers, thinks Warren Buffett's investment style doesn't work well anymore.He cites the number of professional Wall Street firms and hedge funds now participating in the market."Warren Buffett was generally...
Citigroup tops estimates for first-quarter revenue on better-than-expected Wall...
Citigroup on Friday posted first-quarter revenue that topped analysts' estimates, helped by better-than-expected results in the bank's investment banking and trading operations.Here's how the company performed, compared with estimates from LSEG, formerly known as...
Stocks making the biggest moves before the bell: JPMorgan, BlackRock, Globe...
Check out the companies making headlines in premarket trading. JPMorgan — The bank slipped 2.4% despite beating expectations on both lines and reporting lower credit costs than anticipated. However, the bank said net interest income, a key measure of what it makes through...