Trump's Credit Card Rate Remarks Rattle Bank Stocks and ETFs
President Trump's call for a 10% cap on credit card interest rates caused bank stocks and financial ETFs to fall, adding uncertainty after a strong 2025.
Vanguard Splits Into Two Investment Units After Months of Planning
Vanguard completed its division into two separate investment management teams this week, a move announced six months ago. The split aims to clarify accountability and create leadership roles but raises questions about maintaining performance and low costs.
BNY Mellon Earnings Report Offers a Window into Financial Market Health
BNY Mellon reported quarterly earnings showing $59.3 trillion in assets under custody, a 14% annual increase. The bank's results reflect broader market trends, with CEO Robin Vince defending Federal Reserve independence.
ETFs Mimic Hedge Fund Strategies in Retail Push
Exchange-traded funds are increasingly adopting hedge fund strategies, including those of Warren Buffett and Bill Ackman, to create retail-friendly products. VistaShares and other issuers have launched funds using futures and options overlays, with Morningstar analyst Dan Sotiroff noting the trend's expansion into commodities and currencies.
Market Volatility Spurs Investor Shift to Value Stocks
Recent Fed uncertainty has pressured tech stocks, prompting investors to rebalance into value-focused ETFs like Vanguard Value ETF for stability.
Intel Stock Rises After Analyst Upgrade Highlights Foundry Progress
Intel shares rose 7.3% Tuesday after a KeyBanc upgrade. Analyst John Vinh said Intel's chip progress positions it to become the world's No. 2 foundry behind TSMC, with yields improving and major clients evaluating its technology.
Financial Advisor Suggests Over Half of Portfolio in Annuities
A financial advisor recommends allocating over 50% of a portfolio to annuities, prompting a discussion on the appropriateness of such a high percentage based on individual circumstances.
Phoenix Education Reports First Quarter Growth and Announces Dividend
Phoenix Education Partners reported Q1 fiscal 2026 results with revenue up 2.9% to $262M and enrollment growth. The company announced its first quarterly dividend and addressed a cybersecurity incident.
Bank and Tech Stocks Drag Down Major Indexes Despite Broad Gains
Major U.S. stock indexes fell Wednesday as bank and tech stocks declined, though most stocks rose and oil companies provided support.
Concrete Pumping Reports Mixed Fourth Quarter Results and Cautious 2026 Outlook
Concrete Pumping Holdings reported Q4 revenue of $108.8M, down from $111.5M, with adjusted EBITDA at $30.7M. Management provided 2026 guidance assuming no market recovery and announced accelerated equipment investment ahead of new emissions rules.
Nvidia Shares Edge Higher Amid Mixed H200 Chip Export News
Nvidia's stock rose slightly as the U.S. authorized H200 chip exports to China, but Chinese officials restricted purchases to select companies. Broader markets declined while semiconductor rivals gained.
American Airlines Stock Drops Sharply Following Delta's Earnings Report
American Airlines shares fell over 4% on Tuesday, with high trading volume, after Delta Air Lines reported mixed earnings and expressed concerns about potential credit card rate caps.
JPMorgan CEO Warns Trump's Fed Attacks Risk Higher Rates
JPMorgan CEO Jamie Dimon says Trump's criticism of Fed Chair Jerome Powell threatens central bank independence and could raise inflation and interest rates. Powell faces a DOJ investigation over Fed HQ renovations.
UPS Stock Plummets Amid Declining Shipments and Grounded Fleet
UPS shares have fallen 45% from their 2022 peak as package volumes drop and margins shrink, with recent FAA aircraft groundings adding logistical strain.
Mortgage Rates Drop as Credit Unions Lead Lending Survey
A Yahoo Finance survey shows mortgage rates falling, with six top lenders offering rates below 6%. Navy Federal Credit Union leads with 5.488% APR.