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Daily News

Below please find daily updates pertaining to the latest in financial, business, and tax news:

Wall Street Journal

HSBC Names Georges Elhedery as Chief Executive

Wed, Jul 17, 2024

Georges Elhedery, who has spent two decades at the bank, will take over as CEO after the lender unexpectedly said earlier this year that Noel Quinn would retire....

U.S. Crude Oil Inventories Fall for Third Straight Week

Wed, Jul 17, 2024

U.S. crude oil inventories fell by 4.9 million barrels, in a surprise third consecutive week of declines, while stocks of gasoline and distillates increased....

Warburg Pincus Names Veteran Jeffrey Perlman CEO

Wed, Jul 17, 2024

Warburg Pincus veteran Jeffrey Perlman has been named to succeed Chief Executive Chip Kaye, who in turn will become co-chairman of the private-equity firm....

Would Trump Ease Up on Medicare? Wall Street Thinks So.

Wed, Jul 17, 2024

Investors bet that if Donald Trump is elected president, his administration will take a friendlier approach to big insurers in the Medicare Advantage business....

Wall Street Wants In on America's Battery Storage Boom

Wed, Jul 17, 2024

A surge in solar power lets battery companies charge up during the day when power prices are low and sell in the evening at higher prices....

Real-Estate Meltdown Strains Even the Safest Office Bonds

Tue, Jul 16, 2024

Defaults in a corner of the commercial real-estate debt market are surging and triggering losses....

Dow Clinches Best Day in More Than a Year, S&P 500 Hits New Record

Tue, Jul 16, 2024

The Dow industrials and S&P notched new highs Tuesday, while small-cap stocks extended their outperformance over megacap technology shares....

Three Major Takeaways From Big Banks' Earnings

Tue, Jul 16, 2024

Wall Street businesses boomed while some consumers felt the pinch of higher rates. ...

Yield-Hungry Wealth Management Clients Are Becoming a Headache for Big Banks

Tue, Jul 16, 2024

Banks from Wells Fargo to Morgan Stanley are having to pay more to keep brokerage customers’ cash....

A Stock Market Needs to Attract Stocks. Someone Also Needs to Buy Them.

Tue, Jul 16, 2024

An overhaul that attracts companies like Shein could help a flagging London Stock Exchange, but the main issue is that U.K. equities are dirt-cheap....

News

HSBC Names Georges Elhedery as Chief Executive

Georges Elhedery, who has spent two decades at the bank, will take over as CEO after the lender unexpectedly said earlier this year that Noel Quinn would retire....

U.S. Crude Oil Inventories Fall for Third Straight Week

U.S. crude oil inventories fell by 4.9 million barrels, in a surprise third consecutive week of declines, while stocks of gasoline and distillates increased....

Warburg Pincus Names Veteran Jeffrey Perlman CEO

Warburg Pincus veteran Jeffrey Perlman has been named to succeed Chief Executive Chip Kaye, who in turn will become co-chairman of the private-equity firm....

Would Trump Ease Up on Medicare? Wall Street Thinks So.

Investors bet that if Donald Trump is elected president, his administration will take a friendlier approach to big insurers in the Medicare Advantage business....

Wall Street Wants In on America's Battery Storage Boom

A surge in solar power lets battery companies charge up during the day when power prices are low and sell in the evening at higher prices....

Real-Estate Meltdown Strains Even the Safest Office Bonds

Defaults in a corner of the commercial real-estate debt market are surging and triggering losses....

Dow Clinches Best Day in More Than a Year, S&P 500 Hits New Record

The Dow industrials and S&P notched new highs Tuesday, while small-cap stocks extended their outperformance over megacap technology shares....

Three Major Takeaways From Big Banks' Earnings

Wall Street businesses boomed while some consumers felt the pinch of higher rates. ...

Yield-Hungry Wealth Management Clients Are Becoming a Headache for Big Banks

Banks from Wells Fargo to Morgan Stanley are having to pay more to keep brokerage customers’ cash....

A Stock Market Needs to Attract Stocks. Someone Also Needs to Buy Them.

An overhaul that attracts companies like Shein could help a flagging London Stock Exchange, but the main issue is that U.K. equities are dirt-cheap....