Semis stocks are down Thursday but surging this week. The SMH semiconductor ETF has rallied 3% in the past five sessions, outpacing gains by the S&P 500. “It definitely has been the leadership. It has also been the sign of the risk-on trade for the market. I think that even if …

Elaine Benes’ New York City apartment building from “Seinfeld” is on the market for $8.65 million — in reality it’s a townhouse that served as the exterior shot for Elaine’s home. Elaine was played by Julia Louis-Dreyfus. In 1995, the home, which is in Manhattan’s Chelsea neighborhood, was purchased by …

IBM shares moved 5% lower after the company issued weaker-than-expected third-quarter revenue on Wednesday. Here’s how IBM did: Earnings: Excluding certain items, $2.68 per share, vs. $2.67 per share as expected by analysts, according to Refinitiv. Revenue: $18.03 billion, vs. $18.22 billion as expected by analysts, according to Refinitiv. IBM’s …

Bespoke Investment Group’s Paul Hickey expects stocks to buck a bearish earnings season pattern that emerged earlier this year. Each time the backdrop supported upside, sell-offs ravaged the market due to the U.S.-China trade war, the firm’s co-founder said. “In the first say four weeks of both of those earnings …

The Big Four have gotten a boost. Shares of Bank of America, J.P. Morgan, Wells Fargo and Citigroup have all made meaningful gains following their respective earnings reports. The SPDR S&P Bank ETF (KBE), which tracks the group, has followed suit, climbing 5% since last Thursday. The positive action could …

The Federal Reserve building is pictured on Tuesday August 6, 2019. Caroline Brehman | CQ-Roll Call Group | Getty Images The Federal Reserve could soon pause in its latest rate-cutting cycle, and, depending on economic data and developments in trade talks, that could happen at, or more likely, after the …

STOCKHOLM (Reuters) – The Swedish Academy has defended its decision to award the 2019 Nobel Prize for Literature to Austrian writer Peter Handke, saying he had made provocative comments but had not supported bloodshed. FILE PHOTO: Austrian author Peter Handke is pictured at his house, following the announcement he won …

David Solomon David A. Grogan | CNBC Goldman Sachs is on track to pay its employees the lowest of any year in at least the past decade, and executives warned that the trend will continue as software consumes more of the firm’s businesses. The bank set aside 35% of its …

A widening wealth gap and increasingly unaffordable housing are some key social issues underpinning the unrest in Hong Kong, business leaders and politicians have suggested. Rental prices in Hong Kong surpass those in New York, Paris and Singapore, and many young professionals living in the Chinese-ruled territory struggle to afford …

Former Vice President Joe Biden’s top donors have mixed feelings on the campaign’s path forward now that it has only $8.9 million on hand going into a pivotal fourth quarter. Some, like former Pennsylvania Gov. Ed Rendell, believe that Biden is going to have to work harder on the campaign …