U.S. stocks struggle for direction at the open as investors weigh Goldman, Morgan Stanley earnings
U.S. stocks struggled for direction at the open on Tuesday, as investors weighed earnings from Goldman...
U.S. stocks struggled for direction at the open on Tuesday, as investors weighed earnings from Goldman Sachs Group Inc. and Morgan Stanley as trading resumed following a three-day weekend honoring Martin Luther King Jr. The Dow Jones Industrial Average DJIA, -0.56% was down 0.2% soon after the opening bell, while the S&P 500 SPX, -0.01% edged up 0.1% and the Nasdaq Composite COMP, 0.02% was trading about flat, according to FactSet data, at last check. Goldman Sachs and Morgan Stanley on Tuesday reported their results for the fourth quarter, with Goldman GS, -3.63% missing earnings estimates while Morgan Stanley MS, 5.56% beat analysts' forecasts. In economic data released Tuesday, the New York Fed's Empire State business conditions index, a gauge of manufacturing activity in the state, tumbled to the lowest level since the worst of the pandemic in 2020.
The World Economic Forum’s annual meeting in Davos, Switzerland, kicks off today (here’s ...
The World Economic Forum’s annual meeting in Davos, Switzerland, kicks off today (here’s what you need to know).
The Australian Open also begins today in Melbourne. After all the drama surrounding unvaxed Novak Djokovic’s unsuccessful bid to play last year, he’s Down Under again and receiving a warm welcome.
The Sundance Film Festival begins on Thursday in Park City, UT.
The political chatter around classified documents ramped up over the weekend after the White House said...
The political chatter around classified documents ramped up over the weekend after the White House said it found five more pages of classified documents at President Biden’s home in Wilmington, DE, on top of the previously disclosed two batches of classified docs. Republicans who’ve just assumed power in the House are asking for visitor logs of Biden’s home, while Democrats say they’re waiting on the findings of the recently appointed special counsel before drawing conclusions.
Good morning. Today is Martin Luther King Jr. Day. Not only is it a federal holiday...
Good morning. Today is Martin Luther King Jr. Day. Not only is it a federal holiday to honor the legacy of Dr. King, but it’s also the only federal holiday to be designated as a National Day of Service. So let this be a nudge to roll up your sleeves and get active in your local community—you can make a positive difference.
Markets: The US stock and bond markets are closed for MLK Day, so we’ll have to wait another day to see if this year-opening rally will continue for a third week. But crypto trades 24/7, and the same hopeful inflation news that’s been lifting stocks has also given life to beaten-down cryptocurrencies. Bitcoin gained for the 11th straight day on Saturday, topping $20,000 for the first time in more than two months.
A startup is sucking carbon from the air. Switzerland-based Climeworks said it has...
A startup is sucking carbon from the air. Switzerland-based Climeworks said it has achieved a world first by pulling carbon dioxide out of the air and sticking it underground, where it will ultimately transform into rock. The feat has been confirmed by an independent auditor, meaning that hoovering gas out of the air, a long-held goal for several companies and a potentially important way to fight climate change, is now a real possibility.
