Shares of consumer financial services company Synchrony Financial (NYSE:SYF) fell 7.1% in the afternoon session after investors grew concerned about the impact of artificial intelligence on employment, following a major workforce reduction at payments firm Block.
In a session that sent shockwaves through the financial world, International Business Machines Corp. (NYSE: IBM) saw its stock price plummet by 13.2% on February 23, 2026. The collapse wiped out more than $31 billion in market capitalization in a single day, marking the steepest one-day decline for the
Though some things are bound to be different with Buffett no longer in charge, the founding investment principles of Berkshire Hathaway will remain the same under Abel.
Financial providers use their expertise in capital allocation and risk assessment to help facilitate economic growth while offering consumers and businesses essential financial services. But uncertainty about fiscal and monetary policy has tempered enthusiasm,
and over the past six months, the industry has pulled back by 6.5%. This drawdown is a stark contrast from the S&P 500’s 7.2% gain.
A number of stocks jumped in the afternoon session after Nvidia CEO Jensen Huang dismissed fears that artificial intelligence would cannibalize the enterprise software sector.
The U.S. labor market continues to display a startling durability that has left many economists recalibrating their recession models. According to data released by the Department of Labor on February 26, 2026, initial jobless claims for the week ending February 21 fell to 227,000, representing a decrease of
On February 6, 2026, the financial world witnessed a watershed moment as the Dow Jones Industrial Average (DJIA) eclipsed the 50,000-point mark for the first time in its 130-year history. This monumental achievement, closing at 50,115.67, represents more than just a psychological victory; it signals a fundamental
In a historic move that signals a definitive end to the uncertainty surrounding the future of New York’s office market, American Express (NYSE: AXP) officially announced today, February 25, 2026, that it will build its new global headquarters at 2 World Trade Center. The financial services giant, which has
American Express has outperformed the Digital Payments industry over the past year, and analysts are cautiously optimistic about the stock’s prospects.
