Wall Street

Wall Street in New York
Marcio Silva/Dreamstime.com
September 20, 2018 - 12:06 pm
By Matt Egan (CNN Money) -- What trade war? The Dow just soared to its first record high since late January. The milestone shows that Wall Street is mostly unfazed by the escalating trade clash between the United States and China. The S&P 500 also notched an all-time high on Thursday. The Dow...
Read More
Target opens a retail store in New York's East Village, New York, NY, July 24, 2018.
Anthony Behar/Sipa USA
August 22, 2018 - 2:37 pm
By Nathaniel Meyersohn (CNN Money) -- Target rode a red hot U.S. economy and a revamped strategy to its best quarter in more than a decade. The company on Wednesday reported that sales at stores open for at least a year increased 6.5 percent, the fastest pace since 2005. "We're currently benefiting...
Read More
(AP Photo/Mary Altaffer, File)
August 19, 2018 - 11:56 pm
TOKYO (AP) — Asian stocks are mostly higher Monday as investors welcomed signs of progress in resolving the trade dispute between the U.S. and China. The Wall Street Journal reported the countries hope to have a resolution by November. KEEPING SCORE: Japan's benchmark Nikkei 225 inched down 0.3...
Read More
Apple may soon have some company in the trillion dollar club. Jeff Bezo's Amazon is worth about $940 billion.
August 13, 2018 - 5:10 pm
By Paul R. La Monica (CNN Money) — Apple may soon have some company in the trillion dollar club. Amazon is worth about $940 billion. Shares of Amazon popped 2 percent Monday to hit a new all-time high. The stock only needs to go up another 7 percent for the Jeff Bezos-led company to top a trillion...
Read More
In this Jan. 29, 2009, file photo, Chairman and CEO, PepsiCo Indra Nooyi speaks during a session at the World Economic Forum in Davos, Switzerland.
AP Photo/Virginia Mayo, File
August 06, 2018 - 11:53 am
PURCHASE, N.Y. (AP) — With Indra Nooyi exiting PepsiCo as its longtime chief executive, the circle of CEOs in the Fortune 500 is losing one of its highest profile women. Nooyi, who was born in India, is a rarity on Wall Street as a woman and a minority leading a Fortune 500 company. She oversaw...
Read More
In this Oct. 13, 2015, file photo, the Twitter logo appears on a phone post on the floor of the New York Stock Exchange.
AP Photo/Richard Drew, File
July 27, 2018 - 10:57 am
By Barbara Ortutay, AP Technology Writer NEW YORK (AP) — Cracking down on hate, abuse and online trolls is also hurting Twitter's standing with investors. The company's stock plunged Friday morning after it reported a decline in its monthly users and warned that the number could fall further in the...
Read More
(AP Photo/Richard Drew, File)
July 17, 2018 - 2:39 pm
By: Ken Sweet NEW YORK (AP) — Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs after 12 years at the helm of the storied investment bank. Blankfein will be replaced by David Solomon, a long-time Goldman executive who has been...
Read More
Wall Street in New York
AP Photo/Mark Lennihan, File
June 20, 2018 - 4:55 pm
NEW YORK (AP) — U.S. stocks are rising Wednesday, led by technology and media companies, as global markets let go of some of their fears about the growing trade dispute between the U.S. and China. Still, investors are favoring the companies they think are less vulnerable to tariffs. Twenty-First...
Read More
Wall Street
June 17, 2018 - 1:20 pm
Matt Egan and Danielle Wiener-Bronner (CNN Money) -- 1. Merger mania: Judge Richard Leon might be the new MVP of Wall Street. His landmark decision last week to green-light AT&T's takeover of Time Warner removed a huge cloud hanging over the M&A business. A wave of mergers could come next...
Read More
Financial district in Manhattan
May 31, 2018 - 9:35 am
By Matt Egan and Danielle Wiener-Bronner (CNN Money) -- 1. Minting money: American companies are pulling in monster profits right now. A combination of faster economic growth, lower taxes and soaring oil prices are padding the bottom lines of large businesses. Call it the Great American Profit...
Read More