Bank of America Corp. on Tuesday said an increase in clients and accounts across its business helped boost its third-quarter profit as consumer spending continues to grow, but at a slower rate. The bank’s BAC, -2.15% net income for the three months ending Sept. 30 was up 10% to $7.8…

Key Takeaways Morgan Stanley’s Q3 results came in above expectations Even so, profit was down 9% with poor results in the wealth management and investment banking division The market reaction was significant, with the stock falling 8% after the announcement Morgan Stanley have delivered their Q3 results, and while earnings…

Amazon.com Inc.’s stock can shoot some 30% higher, according to a Stifel analyst who just joined the bull camp. Stifel’s Mark Kelley initiated coverage of Amazon shares AMZN, -1.67% with a buy rating and $173 price target Monday, cheering the company’s immense scale in retail and the way it leveraged…

Markets firmly expect the Federal Reserve to hold interest rates steady at its next meeting on November 1. This is in line with recent dovish comments from Fed officials and generally benign economic data. The recent rise in longer-term interest rates has also placated the Fed, as Governor Christopher Waller…

Shares of Lucid Group Inc. were driven into record-low territory Tuesday, after the electric-vehicle maker reported disappointing third-quarter production and delivery data. The data prompted CFRA analyst Garrett Nelson to turn bearish on Lucid’s stock, as his new, lower price target implied nearly 20% downside from current levels. The stock…

Open enrollment often involves a lot of terms outside of the standard health insurance. In this article, I will walk through some common insurance (excluding health insurance) and investment benefits that come up during open enrollment and how to consider each category. Term Life Insurance Term life insurance is designed…

Teenagers are indeed spending a huge chunk of their lives watching YouTube and TikTok videos. That’s the word from the Gallup organization: In a new survey, it found that the average U.S. teen spends 4.8 hours per day using social-media apps, including YouTube GOOGL, -1.42%, TikTok, Meta’s META, -0.98% Instagram…

Week in Review China’s better-than-expected economic release this week failed to lift markets as most Asian equity markets closed lower on the week. The Biden Administration added to the types of semiconductors that US companies and those using US-developed technology are unable to export to China, though most global chipmakers…

Shares of VF Corp. VFC, -0.22% ran up 10.3% in morning trading, enough to pace the S&P 500’s SPX, -0.94% gainers, after The Wall Street Journal reported that activist investor Engaged Capital has built a “big” stake in the parent of retail brands including Vans and The North Face. The…

Key News Asian equities followed Wall Street lower overnight except for Taiwan, which pulled a James Bond +0.07% before Taiwan Semiconductor’s post-close earnings announcement that beat expectations. The US 10-year Treasury Yield is approaching 5%, which is sending the US dollar higher as China’s Renminbi and the Asia Dollar Index…