Top U.S. banks are contemplating a joint venture to issue a dollar-pegged stablecoin in an attempt to counter the increasing competition from the cryptocurrency sector, according to a report dated Thurday, May 22.
As JPMorgan Chase prepares for its annual investor day on May 19, traders are eyeing five themes—CEO succession, capital use, credit trends, and more—to gauge future performance.
Utility stocks hit new highs amid trade policy uncertainty, with Utilities Select Sector SPDR Fund up 6.3% YTD. Constellation Energy Corp. jumps 11.87%.
U.S. stocks traded mixed at midday Wednesday, as investors remained cautious ahead of the Federal Reserve’s upcoming policy decision, with Chair Jerome Powell set to speak at 2:30 p.m. ET.
U.S. stocks advanced across the board by midday Friday, with the S&P 500 eyeing its ninth consecutive day of gains—poised for the longest winning streak since May 2024.
The event, often dubbed “Woodstock for Capitalists,” marks Buffett’s 60th year leading the conglomerate and the second meeting without long-time partner Charlie Munger, who passed away in late 2023..
