Bank stocks took a hit after the Omicron variant emerged, but it has still been a good year to be a bank investor
The KBW Nasdaq Bank Index, which measures the performance of big lenders including JPMorgan Chase & Co. and Bank of America Corp., was up nearly 44% in 2021 before Thanksgiving. At that rate, the KBW far outpaced the gains in the broader S&P 500 index, which was up about 25%.
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Fintech’s Fraud Problem: Why Some Merchants Are Shunning Digital Bank CardsI'm a reporter on Forbes' wealth team covering the world's richest people and tracking their fortunes. I was previously an assistant editor for Forbes' Money & Markets section, and I worked for Bloomberg and Pitchbook News before that. I studied history and economics at the University of Virginia, where I also wrote for the student paper and a very secretive underground satire magazine.
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CSRC Responds To Media’s Narrative, PBOC Cuts Bank RRR After CloseFollowing Friday’s report that Didi might delist and the SEC outlining how they will enforce the Holding Foreign Companies Accountable Act (HFCAA), the China Securities Regulatory Commission (CSRC), China’s SEC, responded on Sunday.
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Small-Cap Stocks Hit Hard by Covid-19 Omicron VariantThe Russell 2000 benchmark has dropped 7.4% since Thanksgiving, when the fast-spreading new variant made headlines. Last week, the index fell into a correction, declining more than 10% from its November record.
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European stocks head for higher open as omicron variant, bitcoin volatility watchedEuropean stocks are expected to open higher on Monday as investors continue to monitor developments around the omicron Covid variant and bitcoin volatility.
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Stock futures rise slightly after a rebound in markets as investors reassess omicron riskThe overnight session followed a comeback on Wall Street that saw the blue-chip Dow gain nearly 650 points.
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Omicron! What Omicron?A look at the day ahead from Saikat Chatterjee.
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