Dan Snyder hires Bank of America to sell Washington commanders

Dan Snyder hires Bank of America to sell Washington commanders

Whoever buys the Commanders gets the talented Terry McLaurin, No. 17. (Photo by Mitchell Layton/Getty Images) Getty Images Dan Snyder has retained BofA Securities to sell the Washington Commanders, sources say Forbes. According to a person familiar with the process, Snyder already has at least four calls from groups interested in buying the team. Snyder … Read more

Elon Musk’s Twitter Takeover Close at Hand as Banks Begin to Turn Over $13 Billion of Cash

Elon Musk’s Twitter Takeover Close at Hand as Banks Begin to Turn Over $13 Billion of Cash

Banks have started to send $13 billion in cash backing Elon Musk’s takeover of Twitter Inc., TWTR 1.08% according to people familiar with the matter, the latest sign the $44 billion deal for the social-media company is on track to close by the end of the week after months of twists and turns. Newsletter Sign-up … Read more

Elon Musks Twitter-overtagelse er lige ved hånden, da banker begynder at omsætte $13 milliarder i kontanter

Elon Musks Twitter-overtagelse er lige ved hånden, da banker begynder at omsætte $13 milliarder i kontanter

Banker er begyndt at sende 13 milliarder dollars i kontanter til støtte for Elon Musks overtagelse af Twitter Inc., TWTR 1,08 % ifølge folk, der er bekendt med sagen, er det seneste tegn på, at aftalen på 44 milliarder dollars for social-medievirksomheden er på vej til at lukke ved udgangen af ​​ugen efter måneder med … Read more

Bank of America CEO’s optimism defies economic gloom

Bank of America CEO’s optimism defies economic gloom

High inflation and rising interest rates have done little to weaken the health of the American consumer, Bank of America corp. BAC 6.06% CEO Brian Moynihan said Monday. The company’s data shows that spending growth remains strong in terms of both amount and number of transactions. Americans spend especially on travel and entertainment, which tend … Read more

Funding concerns affect some banks more than others

Funding concerns affect some banks more than others

Investors are worried about deposits – much more so for some banks than for others. On the one hand, there are the money center banks such as Bank of America, JPMorgan Chase and Wells Fargo. Net interest income for these banks continues to rise, not only thanks to loan growth, but also thanks to a … Read more

Goldman plans sweeping reorganization combining investment banking and trading

Goldman plans sweeping reorganization combining investment banking and trading

Goldman Sachs Group Inc. GS -2.31% plans to fold its biggest businesses into three divisions and undertake one of the biggest shakeups in Wall Street firm history. Goldman will combine its flagship investment banking and trading business into one unit, while asset and wealth management will merge into another, people familiar with the matter said. … Read more

Tesla, Netflix Set to Report Earnings as Recession Talk Mounts

Tesla, Netflix Set to Report Earnings as Recession Talk Mounts

About 66 companies in the S&P 500 are scheduled to report earnings in the coming week, according to FactSet. Eight members of the Dow Jones Industrial Average, including American Express co. and Verizon Communications Inc., are on tap to report. The latest earnings round comes as investors weigh a number of recent economic indicators, from … Read more

Tesla, Netflix set to report earnings as recession talk rises

Tesla, Netflix set to report earnings as recession talk rises

Procter & Gamble co. Netflix Inc. and Tesla Inc. highlight a busy upcoming week of earnings as persistent inflation and rising interest rates fuel talk of a recession. About 66 companies in the S&P 500 are scheduled to report earnings in the coming week, according to FactSet. Eight members of the Dow Jones Industrial Average, … Read more

Rising interest rates, uncertain economy expected to take a toll on bank profits

Rising interest rates, uncertain economy expected to take a toll on bank profits

Wall Street is facing a bear market for stocks and bonds, while investors are also watching for signs that the US economy is heading for recession. Banks are caught in the middle. The six largest US banks are expected to report $27.6 billion in combined profits in the third quarter, down 26% from the same … Read more

Stocks move in lock step as Fed rate hikes show no mercy

Stocks move in lock step as Fed rate hikes show no mercy

Stocks in everything from tech giants to home appliances and utilities have traded in lockstep over the past month, a potentially worrying sign for investors trying to navigate a turbulent market. The S&P 500’s one-month realized correlation — a measure of how stocks in the benchmark index have moved relative to each other over the … Read more