Wednesday, June 29, 2022
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30% of LGBTQ+ adults have experienced discrimination or exclusion from financial services, study finds

Rainbow flags celebrate Pride Month in New York.Lev Radin | Pacific Press | LightRocket | Getty ImagesMembers of the LGBTQIA+ community are still struggling, in some instances, to access financial services that would help them manage their money.Some 30% of LGBTQIA+ adults have experienced bias, discrimination or exclusion in

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ARK Invest’s Cathie Wood says the U.S. is already in a recession

Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Bitcoin 2022 conference in Miami, Florida, U.S., on Thursday, April 7, 2022.Eva Marie Uzcategui | Bloomberg | Getty ImagesArk Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she

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Stocks making the biggest moves in the premarket: Nike, Spirit Airlines, Occidental Petroleum and more

Take a look at some of the biggest movers in the premarket:Nike (NKE) – Nike fell 2.4% in premarket trading despite reporting better-than-expected quarterly profit and revenue. The athletic apparel and footwear maker forecast current-quarter revenue below analysts' estimates amid increased promotional activity and ongoing disruptions in its profitable

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JPMorgan and Citigroup keep dividend unchanged as rivals including Morgan Stanley boost payouts

A combination file photo shows Wells Fargo, Citibank, Morgan Stanley, JPMorgan Chase, Bank of America and Goldman Sachs.ReutersJPMorgan Chase and Citigroup said Monday that increasingly stringent capital requirements forced the firms to keep their dividend unchanged while rivals announced bumps to their quarterly payouts.Bank of America said that it

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Stock index futures inch higher following a losing day Monday

Stock futures rose slightly in overnight trading Monday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching.Futures on the Dow Jones Industrial Average gained 36 points. S&P 500 futures edged up 0.2% and Nasdaq 100 futures rose 0.3%.The overnight

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Brookfield’s Mark Carney on the firm’s new $15 billion bet on the clean energy transition

(Click here to subscribe to the Delivering Alpha newsletter.)Brookfield Asset Management announced last week that it raised a record $15 billion for its inaugural Global Transition Fund. This marks the world's largest private fund dedicated to the net zero transition, signaling that investors are still committed to establishing cleaner portfolios. However, some blame the

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SPACs wipe out half of their value as investors lose appetite for risky growth stocks

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, June 16, 2022.Brendan McDermid | ReutersSPACs, once Wall Street's hottest tickets, have become one of the most hated trades this year.The proprietary CNBC SPAC Post Deal Index, which is comprised of SPACs that have

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Wall Street layoffs likely ahead as two-year hiring boom turns to bust

People walk by the New York Stock Exchange.Spencer Platt | Getty Images News | Getty ImagesLess than six months ago, Wall Street bankers were reaping the rewards from a historic boom in mergers and IPOs.Now, thanks to a confluence of factors that have cast a pall over markets and

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