Security Brokering/Dealing

A further 27% drop in the S&P 500 could be coming if inflation hawks are right, Goldman Sachs team warns

A further 27% drop in the S&P 500 could be coming if inflation hawks are right, Goldman Sachs team warns

Not exactly TGIF this Friday. What the sellside is slowly realizing is not just that the Fed is going to be aggressive in September after the latest shocking inflation figure, but that the central bank will have to keep rates higher, and for longer. The British pound GBPUSD, -0.72%, in some respects a proxy for …

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Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks.

Robinhood users buy and hold companies ‘they know, understand and believe in for the long-term.’ Here are their favorite stocks.

Tech companies, electric-vehicle makers and some meme stocks are part of the aggregate mix of equities inside the portfolios of Robinhood users, according to a new index from the brokerage app geared at new investors. These are stocks like Amazon AMZN, +2.66%, Microsoft MSFT, +2.30%, Tesla TSLA, +3.60%, Apple AAPL, +1.88%, Ford Motor Company F, …

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‘The psychology has changed so quickly’: Why stock-market lows may be retested as S&P 500 enters its weakest stretch of year

‘The psychology has changed so quickly’: Why stock-market lows may be retested as S&P 500 enters its weakest stretch of year

With summer winding down, the U.S. stock market is set up for a potentially shaky fall.  “Recession fears are the most likely trigger of a retest of the June lows,” said Ed Clissold, chief U.S. strategist at Ned Davis Research, in an Aug. 31 note. “From a seasonality perspective, a retest could come in the …

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Stocks Drop After Powell's Remarks

Stocks Drop After Powell’s Remarks

Text size Fed Chairman Jerome Powell’s speech has hung over markets all week. Drew Angerer/Getty Images The stock market was falling Friday, as Federal Reserve Chairman Jerome Powell made hawkish remarks about monetary policy at the annual Jackson Hole Symposium, even in the face of declining inflation. The Dow Jones Industrial Average has dropped 658 …

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Citigroup provides upside surprise and stock rally while Wells Fargo misses

Citigroup provides upside surprise and stock rally while Wells Fargo misses

Citigroup Inc. on Friday delivered better-than-expected profit and revenue but its earnings still fell along with Wells Fargo & Co. amid more difficult market conditions than a year ago. The results helped spark a rally in bank shares a day after earnings misses from JPMorgan Chase & Co. JPM and Morgan Stanley MS pushed stocks …

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Charles Schwab Paying More Than $186 Million in Settlement Over Robo-Adviser Business

Charles Schwab Paying More Than $186 Million in Settlement Over Robo-Adviser Business

WASHINGTON— Charles Schwab SCHW 1.44% & Co. Inc. will pay more than $186 million to settle a regulatory investigation that found it didn’t adequately disclose how keeping a big share of clients’ assets in cash could hurt investment returns. The Securities and Exchange Commission said Schwab’s robo-adviser portfolios kept between 6% and 29.4% of assets …

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