banking current events 2020
- Banking
Dow Jones Today, Futures Rise Ahead Of Inflation Data, Biden Spending Plan; Google In Buy Range; Salesforce Rallies On Earnings
Stock futures climbed Friday, as the market aimed to wrap the final trading session of May on a positive note.…
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Honor Credit Union to merge with smaller Michigan CU
Honor Credit Union in Berrien Springs and ATL Federal Credit Union in Wyoming, Michigan, will combine later this year. Honor…
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This Is How To Decipher Pullbacks Like A Pro And Analyze Setups Like AMAT Stock
IBD Senior Markets Writer Ken Shreve joined the Investing With IBD podcast to discuss the technical action needed to warrant…
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Camping World Gets Key Rating Upgrade Amid Strong Profits, Sales To Folks Looking For Safe Recreation
The great outdoors was a safe and popular outlet for people confined at home due to the Covid outbreak last…
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Cybersecurity Zscaler Stock Reaches 80-Plus Relative Strength Rating Benchmark
When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock…
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Commonwealth Bank of Australia developing tech for open banking
Commonwealth Bank of Australia is building a product stack to accommodate cross-institutional data sharing, a trend called open banking that…
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Industrial Automation, Robotics Market Is ‘In Full Swing’ Post-Covid
As the economy emerges from the Covid-19 pandemic, manufacturers are investing in more automation technologies to improve their productivity and…
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Boeing Stock Up As Top 737 Customer Needs Hundreds More Planes: Report
Southwest Airlines (LUV), a top Boeing (BA) 737 customer, says it could need up to 500 new aircraft as it…
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Shareholders To Vote On SPAC Merger With SoFi As Public Offering Awaits
Online finance company Social Finance, which goes by the name SoFi, is moving closer to an initial public offering via…
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Tesla Gets Desperate To Secure Chips While GM’s Bottleneck Eases
Tesla (TSLA) is reportedly taking unusual steps to get around a global chip shortage that has shuttered auto plants, while…
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Acorns App To Go Public As Robinhood Nears IPO
The company behind the popular Acorns app will go public by merging with blank-check company Pioneer Merger (PACX), after reports…
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Investing startup Acorns reaches $2.2 billion deal to go public
Acorns Grow the investing startup backed by celebrities including Dwayne “The Rock” Johnson and Ashton Kutcher, agreed to go public…
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BNY Mellon targets commercial bill-pay clients for fast payments
BNY Mellon plans to use mundane but voluminous transactions like utility bills as a primary use case for real-time payments.…
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Dow Jones Today, Futures Mixed Ahead Of GDP, Jobs Data; Ford, Boeing Rally; Best Buy Leads Retail Charge
Stock futures lulled in tightly mixed trade ahead of a raft of early economic news Thursday. Earnings news lifted chip…
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HSBC exiting U.S. retail banking to focus on wealth business
HSBC Holdings is exiting its U.S. domestic mass market retail banking business, agreeing to sell 90 branches, as Europe’s biggest…
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Peloton Interactive Earns Technical Rating Upgrade As Stock Shows Muscle; Setting Up For Big Run?
Peloton was a standout last year as sales of its fitness machines and workouts soared amid the work-at-home, school-at-home phase…
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Highly Rated 360 DigiTech Forms Later-Stage Pattern Ahead Of Earnings
With its next earnings report scheduled for around May 27, IBD 50 and Sector Leaders member 360 DigiTech (QFIN) is…
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Dow Jones Flat As Small Caps Surge; Amazon Up As Jeff Bezos Announces Departure Date
The Dow Jones Industrial Average was holding steady Wednesday as small cap stocks handily outperformed the major indexes. Amazon (AMZN)…
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Crypto is the future. More banks, regulators need to embrace it.
Bankers’ mystification about cryptocurrency as a financial category is … well, mystifying in light of the way banks have adapted…
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SoFi stakeholders hit by $560 million freeze ahead of SPAC debut
A New York court ordered the freezing of $560 million in assets held by entities controlled by Renren CEO Joseph…
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Williams-Sonoma Stock Up As 150% Earnings Surge Expected
Upscale home goods retailer Williams-Sonoma (WSM) reports first-quarter earnings late Wednesday, amid continued strong demand for home furnishings. WSM stock…
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Stock Upgrades: Infosys Shows Rising Relative Strength
When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating.…
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Morningstar Stock Earns Key IBD Rating Upgrade; New Day Dawning For Research Firm?
Research firm Morningstar has reported outstanding profit and sales growth over the past year. Its stock price has climbed along…
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Stock Upgrades: D.R. Horton Shows Rising Relative Strength
D.R. Horton (DHI) had its Relative Strength (RS) Rating upgraded from 69 to 76 Wednesday — a welcome improvement, but…
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F-35, Hummer Makers Team Up On Moon Rover For NASA
Lockheed Martin (LMT) and General Motors (GM) announced a partnership Wednesday to build a moon rover for NASA’s Artemis moon…
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Wells Fargo’s head of regulatory relations is stepping down
Sarah Dahlgren, Wells Fargo’s head of regulatory relations, is leaving the company. Dahlgren, a former high-level official at the Federal…
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S&P 500 Stock Diagnoses Breakout After Buying Spree, 455% Growth
Science and health care leader PerkinElmer (PKI) isn’t just feeling fit after its spree of recent acquisitions. As industry peers…
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Li Auto Guides Low Despite Record Deliveries Target
Li Auto (LI) delivered mixed first-quarter results early Wednesday, and guided lower for Q2 revenue despite predicting record deliveries. That…
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Is It Crazy To Let 13-Year-Olds Trade Stocks? Or Shrewd?
How will your kids learn to invest? Investing for beginners is easier to learn and safer with feedback and guidance…
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Resolve raises $60 million to boost business financing
A group of fintech VCs have made a fresh investment in Resolve, a firm that offers alternative supply chain finance.…
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IBD 50 Stocks To Watch: Clinical Research Leader Charles River Labs In Buy Range After Strong Rebound
Tuesday’s IBD 50 Stocks To Watch pick, Charles River Labs (CRL), is in a new buy area amid its ongoing…
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Advanced Drainage Systems Gets IBD Stock Rating Upgrade
Advanced Drainage Systems (WMS) saw its IBD SmartSelect Composite Rating jump to 97 Tuesday, up from 93 the day before.…
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Coinbase adds Goldman executive; HSBC eschews cryptocurrencies
Receiving Wide Coverage … Policy pro Faryar Shirzad, co-head of government affairs at Goldman Sachs, “has joined Coinbase as its…
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How East West CEO Dominic Ng is fighting anti-Asian hate
Dominic Ng, the president, CEO and chairman of East West Bank, is hopeful that a new federal hate crime law…
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Applied Materials, IBD Stock Of The Day, Surging On Chipmaker Spending Plans
Applied Materials Inc Applied Materials Inc AMAT $5.92 4.6% 4% IBD Stock Analysis Shares currently in seven-week consolidation; buy point…
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Fulton Bank partners with Minority Mortgage Bankers on training
Fulton Bank announced Monday that it has entered a partnership with the National Association of Minority Mortgage Bankers of America…
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Health Catalyst RS Rating Boosted Above Key Level
When looking for the best stocks to buy and watch, focus on those with rising relative price strength. One stock…
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Dow Jones Futures: Tech Stocks, Tesla Retake Key Level As Bitcoin Surges
Dow Jones futures, along with S&P 500 futures and Nasdaq 100 futures, were little changed late Monday. The tech-heavy Nasdaq…
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H&R Block Clears Key Benchmark, Hits 80-Plus RS Rating Amid Report It Gained Market Share This Season
The extended deadline for filing federal income tax forms expired on May 17. And tax preparation giant H&R Block released…
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Challenger bank Aspiration weighs an IPO
Aspiration, a financial-technology company that’s gained the backing of high-profile actors, is laying the groundwork for a public listing. The…
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Dow Jones Holds Gain As Nasdaq Leads Market; These Stocks Trade In Buy Zones
The Dow Jones Industrial Average rose in today’s market, recovering some of its losses from last week. Technology stocks led the…
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Fed’s focus on racial justice is ‘political advocacy,’ GOP senator says
WASHINGTON — The top Republican on the Senate Banking Committee is slamming three Federal Reserve banks for their work to…
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Semiconductor Companies: Where Are They In The Chip Cycle?
The semiconductor industry is notoriously cyclical. As such, semiconductor companies are subject to the ups and downs of regular chip…
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Investors Love Stock Splits; Ten $1,000 Stocks Should Split Next
Stock splits are still surprisingly rare — but S&P 500 investors applaud when they happen. So it’s only natural to…
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ASML, Google Lead 5 Stocks That You Can Buy Now
ASML stock, Google parent Alphabet (GOOGL), Iqvia (IQV), Zebra Technologies (ZBRA) and Synnex (SNX), are top stocks to watch this…
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Budgeting Tips To Tackle The Unpredictably Of Long-Term Care Insurance Costs
Retirement planning involves lots of guesswork. You need to estimate how long you’ll live, your rate of return on your…
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Synnex Stock Rises On Expectations Tech Data Merger To Expand Profit Margins
Synnex Corp Synnex Corp SNX $0.53 0.43% 50% IBD Stock Analysis After recent pullback to 50-day line, shares now close…
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Swing Trading Miners, A Bright Spot In Tough Environment
The past week was tough on many leading groups. Specifically energy, materials and industrials took hits. But taking profits into…
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USDA to begin forgiving some farm debt in June
The U.S. Department of Agriculture expects to make its first debt relief payments to socially disadvantaged farmers in early June,…
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What could be in store for banks after Biden climate change order
WASHINGTON — Several financial regulators were already moving in the direction of incorporating climate change risk in their monitoring of…
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