Kevin Heal Chief Compliance Officer & Senior Analyst: Financial Services Kevin is the Chief Compliance Officer for the Argus Research Group. His responsibilities include ensuring that the firm is SEC compliant and adheres to all rules and regulations. He has over thirty years of Wall Street experience with both large investment banks and regional dealers…
This article was originally published on ETFTrends.com. Shares of the State Street Financial Select Sector SPDR ETF (XLF) touched a fresh all-time high Tuesday. That gain is part of a broader shift in the market. Money has moved out of high-flying tech names and into more traditional corners of Wall Street. Key Takeaways: XLF hit…
By Sanskriti Shekhar July 28 (Reuters) – Royal Caribbean raised its annual profit forecast on Tuesday after beating quarterly estimates, sending its shares up 5%, even as it factored in a modest hit to bookings due to the travel disruptions caused by the Middle East conflict. Geopolitical uncertainty linked to the U.S.-Iran conflict has made…
CMA CGM posted impressive Q2 earnings as it navigated volatile supply chain conditions to substantial increases in container volumes and profit. The closely-held provider of diversified logistics services based in Marseille today said maritime volumes rose 6% to 6.3 million container units from 5.97 million in 2025. Revenue spiked 22% to $9.96 billion from $8.17…
The Federal Reserve kicks off its two-day policy meeting on Tuesday, culminating with an interest rate decision at 2:00 p.m. ET on Wednesday. The Fed’s next move — to hold or hike — remains a close call. Markets expect the central bank to keep interest rates unchanged, but inflationary pressures arising from the war in…
TravelAI, the operating name of UpNext Ventures and its subsidiaries, has purchased the Sonder brand assets. The acquired assets include the Sonder word mark, related global trademark registrations and a portfolio of domains, notably Sonder.com. The transaction is limited to Sonder’s brand and intellectual property. Sonder’s operating business, such as properties, leases, inventory or staff,…
PayPal (PYPL) stock rose more than 4% on Tuesday after the payments giant defended its multiyear turnaround plan without completely closing the door to a potential merger. “While there is still significant work ahead, I have strong conviction in our direction and in our ability to execute,” PayPal president and CEO Enrique Lores said. “At…
By Anirban Sen NEW YORK, July 28 (Reuters) – Global hedge funds are on track for another blockbuster year, as they look to surpass their returns from 2025 after an artificial intelligence boom buoyed first-half performance for money managers across most investment strategies, according to a Goldman Sachs note sent to clients that was seen…
By Lucia Mutikani WASHINGTON, July 28 (Reuters) – The U.S. trade deficit in goods narrowed in June amid a broad decline in imports, but the improvement was probably insufficient to prevent trade from again subtracting from economic growth in the second quarter. The report from the Commerce Department on Tuesday also showed exports dropping to…
By Rachel More BERLIN, July 28 (Reuters) – Mercedes-Benz’s CEO pledged on Tuesday to shield its U.S. business from a possible sales ban, as concerns in Washington over the German carmaker’s Chinese investors threaten it with exclusion from one of its few remaining growth markets. The U.S. Senate Commerce Committee approved legislation last week to…
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