Banks are weighing environmental, social issues when investing. Some states punish them for it.

Mar 3, 2023
ESG considers environmental, social, and corporate governance factors along with profitability. Republican opponents call it "woke investing."
Republican-controlled states are increasingly targeting investment strategies that consider environmental, social, and corporate governance factors.
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Retirement accounts fell more than 20% in 2022

Feb 27, 2023
Fidelity Investments reports that average 401(k) and IRA balances fell to around $104,000 in 2022, as financial markets stumbled.
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Wall Street widened the racial wealth gap. Can big banks help bridge it?

Oct 25, 2022
In her new book, journalist Emily Flitter looks at how Wall Street giants have kept Black Americans out of the financial industry.
The JPMorgan Chase headquarters building in New York. Many major Wall Street firms pledged to support economic equality for Black Americans after the killing of George Floyd in 2020.
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Interest rate hikes not always bad news for stock markets

Sep 15, 2022
Markets plummeted Tuesday as Wall Street was rattled by hot inflation numbers that raised fears of even steeper interest rate hikes.
Traders work on the floor of the New York Stock Exchange on Sept. 13, 2022 in New York City.
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AMC appeals to meme stock investors for its financial future

Aug 26, 2022
AMC sells APEs to tap into retail investors’ enthusiasm. Can it evolve beyond the meme?
Traders on the floor of New York Stock Exchange stare up at a screen that shows APE preferred share stock price.
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Peloton lost more than $1.2 billion last quarter. Is the company spinning its wheels?

Aug 26, 2022
The latest earnings from the popular fitness bike company may mean the company needs to switch directions to retain customers.
The fitness company reported a massive loss last quarter, spurring questions about the need for a revamped business strategy.
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When quarterly earnings "miss Wall Street expectations," whose expectations do we mean?

Aug 17, 2022
Stock analysts set these expectations, and stock prices react to whether they are met.
Target's financial results fell short of Wall Street expectations, and the stock lost ground.
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For public good, not for profit.

Alexa, meet Roomba: Amazon buys robotic vacuum maker iRobot for $1.7 billion

Aug 8, 2022
"Alexa, please tell the Roomba to stop scaring the cat."
Amazon's billion-dollar purchase of Roomba may see the company become even more involved in home smart technologies.
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Even amid the crash, there's some optimism about the future of crypto

The co-founder of one financial services company is bullish on digital currencies even as uncertainty roils the market.
"Similar to the past so-called crypto winters, the underlying foundation, the development, the technology and the adoption [of crypto] has been continuing," said William Cai, co-founder and managing partner at Wilshire Phoenix.
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JPMorgan pauses stock buybacks as profits slump

Jul 14, 2022
CEO Jamie Dimon also cited economic worries, including the Ukraine war and inflation, in the big bank's move to conserve cash.
JPMorgan Chase's quarterly financial results disappointed Wall Street, and CEO Jamie Dimon discussed risks to the economy.
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