comerica

Wall Street received some positive data Thursday morning after the Bureau of Economic Analysis upwardly revised U.S. gross domestic product growth for the fourth quarter of 2024. But, experts are concerned about upcoming GDP estimates as the effects of new trade policies are felt.  The Data: The...

The August payroll report from ADP Thursday is tipping odds toward a 0.5% rate cut by the Federal Reserve two weeks from now, according to economists. The report said 99,000 jobs were added in August — down from 140,000 expected — and reflects the fifth straight month of slowing private payroll...

The Federal Reserve decided at its Wednesday meeting to keep the key interest rate between 5.25% and 5.5% while maintaining other policy interest rates and continuing to lower its bond holdings at a rate of $60 billion per month. Bill Adams, chief economist for Comerica Bank, said the committee...

Stocks appear on track to open Thursday’s session on a firm note. However, the trading direction will likely hinge on the personal consumption expenditure index, which is deemed the Fed’s preferred inflation gauge. With the OPEC+ set to announce its decision on oil output, oil and...

Wall Street experienced a significant downturn Thursday as volatility surged, triggered by a shift in risk sentiment following a combination of mixed earnings reports and stronger-than-predicted economic data, with the latter reviving concerns for an additional rate hike down the road. The U.S....

It’s a day of risk aversion on Wall Street as investors are shedding both stocks and bonds in favor of cash while digesting the latest corporate earnings reports. As of midday trading in New York, all major U.S. stock indices were in negative territory, primarily due to a slump in the tech...

The second-quarter reporting season is upon us, and the second quarter has been a tricky one for companies to navigate. COVID lockdowns in China – a nation often called the "world's factory," the war in Ukraine and skyrocketing inflation served as recipes for a looming...

This weekend's Barron's cover story discusses ways to play the space race as the industry flourishes. Other featured articles offer sensible stocks for a strange market, check on how biotechs with recent initial public offerings have fared and recommend bank stocks for income investors....

This weekend's Barron's offers the guidance of a variety of experts on what's ahead for the global economy and the markets. Another featured article examines why the Dividend Aristocrats may be the best bet now. Also, the prospects for bank stocks and a highly anticipated IPO...

The first half of 2020 was one of the strangest in recent memory, and the COVID-19 outbreak rages on in the U.S. and around the world. However, Wall Street actually held up fairly well in a volatile first half of the year, with the SPDR S&P 500 ETF Trust (NYSE: SPY) down just 2.2% overall after...

This weekend's Barron's cover story offers comments and picks from the Barron's Mid-Year Roundtable. Other featured articles feature energy stocks and ETFs poised to run and regional banks that should prosper regardless of interest rate changes. The prospects for a memory-chip...

The first of the big banks help kick off the fourth-quarter earnings reporting season this week. Mixed but generally positive results are expected from the first three quarterly reports. Expectations are also positive for the flood of bank earnings reports that follow. The fourth-quarter earnings...

Fourth-quarter results from the big banks have been unimpressive so far. Analysts are looking for some earnings growth from Bank of America Corp (NYSE: BAC) this week. Wall Street expectations are lower for Morgan Stanley (NYSE: MS) and Goldman Sachs Group Inc. Citgroup, JPMorgan and Wells...

Discover Financial Services (NYSE: DFS), Goldman Sachs (NYSE: GS), J.P. Morgan Chase (NYSE: JPM) and State Street (NYSE: STT) not only passed the latest Fed stress test, but analysts see some headroom for the shares. The Federal Reserve announced the results of the latest so-called stress tests...