David Paul Morris | Bloomberg | Getty Images Super Micro Computer is joining the S&P 500 following a historic rally in the stock that has pushed the company’s market cap past $50 billion. The shares, up more than 20-fold in the past two years and over 200% just since the start of 2024, climbed another … Read more
My top 10 things to watch Friday, Jan. 5 1. Stock futures down slightly Friday after the December jobs report came in stronger than expected, raising concerns the Federal Reserve will keep rates higher for longer. The three major averages are all on pace to break nine-week winning streaks. Treasury yields rose, with benchmark 10-year … Read more
A customer enters Comerica Inc. Bank headquarters in Dallas, Texas. Cooper Neill | Bloomberg | Getty Images A trio of regional banks face increasing pressure on returns and profitability that makes them potential targets for acquisition by a larger rival, according to KBW analysts. Banks with between $80 billion and $120 billion in assets are … Read more
Regional banking stocks are on pace for their worst year back to 2006, with the long tail of the SVB collapse. But bank stocks had been in rally mode since May, when First Republic was seized by the government and sold to JPMorgan, until bond rating agencies began issuing August warnings and downgrades. Bloomberg | … Read more