Finance

Goldman Sachs is out with a call on bitcoin, and chart analyst Sheba Jafari expects the digital currency could rise as high as $3,915. That would be 52 percent above Monday’s price of about $2,567. “The market is in wave [four] of a sequence that started in the late-’10/early-’11 lows,” …

Bartek Sadowski | Bloomberg | Getty Images Workers assemble an Opel Astra automobile near a supply of glass panels at the Opel automobile plant in Gliwice, Poland, on Monday, March 6, 2017. Despite these criticisms, there are others who defend the data. Claus Vistesen, chief Eurozone economist at Pantheon Macroeconomics, …

Wall Street expects bank stocks to climb now that the Federal Reserve has approved their plans to make big increases in payouts to shareholders. “Investors should benefit from meaningful capital returns over the next 4 quarters, while the regulatory backdrop continues to improve,” Barclays managing director and senior equity analyst …

Shares of large U.S. banks jumped higher in the premarket Thursday after the Federal Reserve cleared their capital return plans. Morgan Stanley, JPMorgan Chase, Wells Fargo, Citigroup and Bank of America all traded at least 1 percent higher before the bell. The U.S. central bank did not object to any …

Wall Street may be primed for a pullback as the official start of summer gets under way, if history is any guide. Chris Verrone, a technical analyst at Strategas Research Partners, said in a note Tuesday that stocks are “approaching the more difficult stretch of the calendar.” Verrone included in …

Several of China’s largest overseas asset buyers, including billionaire Wang Jianlin’s Wanda Group, are being placed under scrutiny, amid a government crackdown on money laundering and a grand campaign to check financial risks ahead of the 19th party congress. Wanda, Fosun, Anbang, HNA and east China’s Zhejiang based Rossoneri Sport …

Kevin Hagen | Getty Images News | Getty Images Traders finish the day at the NYSE after markets took a sharp turn downward after news reports of former FBI Director James Comey’s interactions with President Trump on May 17, 2017. Check out which companies are making headlines after the bell: …

Andrew Harrer | Bloomberg | Getty Images Janet Yellen, chair of the U.S. Federal Reserve, speaks during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, June 14, 2017. Fels joins a growing crowd that believes the Fed, with inflation tracking only …

Diego Giudice | Bloomberg | Getty Images A trader works on the floor of the Buenos Aires Stock Exchange in Buenos Aires, Argentina. The Argentine peso notched a record low against the U.S. dollar on Wednesday after the South American nation failed to win back emerging market status. The dollar-peso …

The low volatility that’s frustrated traders gives longer-term investors all the more reason to buy stocks, Goldman Sachs portfolio strategists said. The CBOE Volatility Index (VIX) briefly fell earlier this month to its lowest in more than 23 years, while the S&P 500 has only closed at least 1 percent …