Banking Sector

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IBM Shares Soar After Announcing Spin-Off Of Its IT Infrastructure Unit

Plus, jobless claims were worse than expected, Regeneron submitted an emergency use authorization request to the FDA for its antibody cocktail, and Morgan Stanley is buying Eaton Vance.

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Stimulus Talks May Reach A Fork In The Road Today As The Trump Administration Mulls New Democratic Stimulus Proposal

Plus, global coronavirus cases surpassed 1 million, JPMorgan will pay $920 million to resolve probes related to ‘spoofing’ by its traders, and Nikola shares are down again this morning on assault allegations against former Chairman Milton.

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Even As Banks Fell This Week, Experts Say This 1 Stock Is The Star Of The Sector

While the banking sector took a hit this week after a report alleged international banks moved $2 trillion in illicit funds over the last two decades, 1 stock in the sector is investor’s best bet now.

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Nikola Shares Plummet After Founder Milton Resigns

Plus, President Trump ok-ed the deal between Oracle and ByteDance for TikTok’s U.S. operations, bank stocks are down following a report detailing $2 trillion in transactions of possible money laundering, and Microsoft is buying the video game publisher of Fallout and The Elder Scrolls.

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Restoration Hardware Shares Up More Than 20% On Analyst Upgrade

Plus, weekly jobless claims were higher than expected, AstraZeneca said it still expects to know whether its coronavirus vaccine will be safe and effective before the end of this year, and LVMH is suing Tiffany.

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These 2 Bank Stocks Are Up Following An Upgrade From Deutsche Bank

Plus, new weekly jobless claims totaled 881,000, Pfizer said it could have results from its Phase 3 coronavirus vaccine trial as early as October, and Tesla has fallen to near bear market territory.

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Twitter Shares Are Down After Hackers Attack High-Profile Users

Plus, jobless claims came in higher than 1 million for the seventeenth week in a row, security experts warned Russian hackers are trying to steal COVID-19 vaccine research, Morgan Stanley reported better-than-expected earnings, and Tesla shares are down after a report that its vehicle registrations were down by nearly half in the second quarter.

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Moderna Shares Surge After Early Trial Shows Its Coronavirus Vaccine Candidate Generates A “Robust” Immune Response

Plus, Goldman Sachs reported blow-out earnings results, Walmart announced it will now require shoppers to wear masks at all of its stores, Apple won an appeal against the European Commission, and Zoom Communications is getting into hardware.

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Earnings Season Kicks Off With Beats From JPMorgan & Citigroup

Plus, Delta Air Lines said it is cutting in half the number of flights it had planned to add next month as the coronavirus continues to roil flight demand, 3M has teamed up with MIT to develop a rapid coronavirus antigen test, Google is reportedly in talks to make a $4 billion in Indian telecom Jio Platforms, and Ford unveiled its new line of Bronco SUVs.

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Uber Reportedly Made An Offer To Acquire Postmates

Plus, the EU won’t allow travelers from the U.S. as it reopens its external borders amid the surge of coronavirus cases, Wells Fargo is the only major bank reducing its quarterly dividend following the Fed’s latest stress test, and Royal Dutch Shell said it will write down as much as $22 billion in the second quarter.

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Macy’s Shares Are Down After It Says It’s Cutting 3,900 Corporate Jobs

Plus, bank stocks are on the rise on reports of a change to the Volker Rule, the U.S. saw a record number of new coronavirus cases, last week’s jobless claims came in higher than expected, and Wirecard shares tanked after the troubled fintech filed for insolvency.

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This Billionaire Owns Just 2 Stocks – Here’s What They Are

After selling his company for billions, he went “all in” on just these 2 stocks, and only has one regret.

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China Hits Back Against The U.S. With Hong Kong Power Grab

Plus, President Trump said he would not close the country again if a second wave of coronavirus cases emerges, the IMF said banks will struggle through 2025 in a sustained low interest rate environment, E.L.F. Beauty shares are surging higher on an earnings beat, and Roku shares are down after a downgrade.

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