These are challenging times for Wall Street investment banks. Goldman Sachs posted another big drop in revenue as Brexit worries took their toll. Goldman has cut its bonus pool and other expenses as well to compensate.
Softbank shares tumbled Tuesday as investors reacted to the company's $32 billion purchase of ARM Holdings, one of the U.K.'s most successful tech companies.
Kevin Cummings was rewarded with $20 million in compensation last year, making him the highest paid bank CEO in America. But that big pay hike has ruffled some feathers, including a shareholder lawsuit and close vote on pay.
Zagg, a smartphone accessory company that recently bought battery case maker mophie, is surging after PC Magazine recommended one of its products for Pokemon Go players looking to preserve their phone's battery life.
JPMorgan, Citigroup and Wells Fargo all sound less worried about the health of their loans to struggling oil companies thanks to rising prices and efforts to get ahead of the problem.
Investors are dumping travel and tourism stocks again as the terror attack on Nice, France, threatens to deter more visitors. Shares in many companies are down more than 20% this year.
Larry Fink, one of the most influential figures in finance, isn't a believer in the big rally in stocks. The boss of the world's largest asset manager BlackRock pointed to signs that retail investors have been yanking money from the market.
The U.S. oil business may be on the cusp of a huge comeback, one that would create a serious worker shortage. Goldman Sachs predicts the industry may need to hire 100,000 jobs by the end of 2018.
