"Sell in May and Go Away" Isn't as Useful as It Once Was
Returns still tend to be better for those who heed the Wall Street adage, but volatility has been greater outside of the summer months in recent years
Declassifying Cannabis Still Leaves Pot Stocks in Limbo
Marijuana may soon be considered a less dangerous drug, but it is a long way from being treated like alcohol or tobacco.
Goldman Promotes Partner to Senior Deal Role
Dan Blank has been named co-chair of Goldman's Global M&A group to help drive dealmaking efforts.
New York Community Bancorp posts narrower-than-expected loss, revenue miss
New Chief Executive Joseph Otting sees a "path to profitability" in the next two years.
Mastercard's stock falls after earnings as company cuts full-year growth outlook
The company lowered its revenue-growth forecast for 2024 and showed a slowdown in volume growth for April.
Private Equity and Traditional Insurers Spar Over Risk Rules
Over the past decade, insurance has become a cash cow for PE firms. The standoff over illiquid securities has become 'a proxy for private equity's entrance into the sector,' says one observer.
Companies Trim Debt, Faced With High Rates
The current high interest rates have pushed up the cost of borrowing for most companies, forcing them to tackle their debts, analysts said.
BlackRock's Plan for Your Retirement: A 401(k) With a Monthly Check
A small-but-growing number of companies are offering plans that promise employees a degree of predictability. The new target-date funds turn a portion of savings into payments for life.
Wanted: Megabank Chief Willing to Work for Half Pay
HSBC, one of the world's largest banks, is looking for a new CEO to run its sprawling operations at a fraction of the pay of a U.S. bank boss.
Financial Services Roundup: Market Talk
BBVA, NAB and more in the latest Market Talks covering Financial Services.
(END) Dow Jones Newswires
05-01-24 1115ET
