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Goldman Sachs to buy ETF provider NEOS in $2.3 billion deal
Reuters4d agoneutral
Goldman Sachs to buy ETF provider NEOS in $2.3 billion deal

Goldman Sachs ‌will acquire ‌exchange-traded funds provider ​NEOS Investments for as much as $2.25 ‌billion, ⁠the investment bank said ⁠on Wednesday. NEOS provides ​ETFs ​on ​systematic options-based ‌income, managing $30 billion in assets. The transaction is expected ‌to ​close ​in ​the first ‌quarter of 2027, ​Goldman ​said.

Here Are Wednesday’s Top Wall Street Analyst Research Calls: The Gap, Genmab, Hilton Worldwide, Intuitive Surgical, Mariott International, Merck, Novo Nordisk, Okta, and More
24/7 Wall St.4d agoneutral
Here Are Wednesday’s Top Wall Street Analyst Research Calls: The Gap, Genmab, Hilton Worldwide, Intuitive Surgical, Mariott International, Merck, Novo Nordisk, Okta, and More

With CPI dropping at 8:30 AM and the Strait of Hormuz near shutdown, Wall Street faces a pivotal morning that could swing stocks sharply in either direction, and analysts at Deutsche Bank, Oppenheimer, Berenberg, and others are already repositioning ahead of the numbers.

Avino Silver (ASM) Meets Q2 Earnings Estimates
Zacks4d agoneutral
Avino Silver (ASM) Meets Q2 Earnings Estimates

Avino Silver (ASM) delivered earnings and revenue surprises of 0.00% and -14.42%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?

Carnival’s CFO on Restoring the Company’s Balance Sheet After the Pandemic
The Wall Street Journal4d agoneutral
Carnival’s CFO on Restoring the Company’s Balance Sheet After the Pandemic

At Carnival, CFO David Bernstein made a commitment to investors: He wouldn’t leave until the company repaid its pandemic-era debt. Now, nearly five years after the cruise operator’s first ship returned to sea, Bernstein said he and other Carnival insiders have delivered. Having kept his word, the CFO plans to stay put.

CPI Inflation Data May Keep Fed Rate Hikes On Hold (Live Coverage)
Investor's Business Daily4d agoneutral
CPI Inflation Data May Keep Fed Rate Hikes On Hold (Live Coverage)

Consumer price index inflation data, out at 8:30 a.m. ET, may further dampen odds of a Federal Reserve rate hike in September following Friday's weak July jobs reports. S&P 500 futures are slightly higher ahead of the CPI inflation report, holding just off record highs despite inching lower on Monday and Tuesday. Wall Street expects the overall CPI to rise 0.1%, lowering the 12-month headline inflation rate to 3.4% from 3.5%, according to the Econoday consensus forecast.

GM Sets $4.5 Billion Supply-Chain Safety Net
The Wall Street Journal4d agoneutral
GM Sets $4.5 Billion Supply-Chain Safety Net

LOGISTICS REPORT NEWSLETTER General Motors is setting up a $4.5 billion safety net designed to keep critical components flowing through supply-chain troubles, The Wall Street Journal’s Sharon Terlep writes.

Morning Bid: Inflation obscures all
Reuters4d agoneutral
Morning Bid: Inflation obscures all

By Mike Dolan Aug 12 (Reuters) - What matters in U.S. and global markets today By Mike Dolan, Editor-at-Large, Finance and Markets It's inflation day stateside and an important moment for Federal

Bloomberg4d agoneutral
Market’s Momentum Darlings Resurface as Optical Stocks Take Off

(Bloomberg) -- One of the stock market’s favorite momentum plays from earlier this year is re-emerging as rising confidence in artificial intelligence spending sends the shares of optical component makers soaring again.Most Read from BloombergPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DriveFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AITata Sons Chairman to Step Down, Deepening Leadership TurmoilTrump Weighs Call for Capital Gains Tax Cuts as Midterm BoostPak

How the Bond Market Inflated Powerball
The Wall Street Journal4d agoneutral
How the Bond Market Inflated Powerball

​📈 Follow our live markets data and coverage. Tonight’s $1 billion Powerball drawing is one of the biggest ever, but inflation has helped pump it up. Rising bond yields increase the value of the optional annuity that makes up that official jackpot.

Bloomberg4d agoneutral
Zhu Rongji, Chinese Premier Who Overhauled Economy, Dies at 98

(Bloomberg) -- Zhu Rongji, who as China’s premier pushed through reforms at state-owned companies that cost tens of millions of workers their jobs, and who helped engineer China’s entry into the World Trade Organization, has died. He was 98.Most Read from BloombergPhoebe Gates Knew Phia Shopping App Took Credit for Sales It Didn’t DriveFive Takeaways From Zuckerberg’s 6,500-Word Manifesto on AITata Sons Chairman to Step Down, Deepening Leadership TurmoilPakistan Says Deal Is Close Even as Iran,

Meta, 29 states head to court in biggest test yet of youth social media litigation
Reuters4d agoneutral
Meta, 29 states head to court in biggest test yet of youth social media litigation

Meta Platforms will face a coalition of state attorneys general in a California federal court trial beginning on Wednesday over claims it engineered Facebook and Instagram to be addictive to children, a case that could expose the company to massive damages and force it to make sweeping changes to its platforms. The trial in Oakland, expected to last seven weeks, ‌will test Colorado, Kentucky, California and New Jersey's allegations that Meta designed its platforms to keep young users hooked and misled consumers about their safety. It will also address claims by 29 states that the ‌company illegally collected and used children's data in violation of federal law.