Live stock market news: Stocks curbed gains in choppy session as bond yields continued to march higher. Oil also on the rise as Hurricane Ian barrels towards Florida.

Breaking News Nasdaq Composite rallies, S&P, Dow slip as 10-year Treasury yield nears 4% Symbol Price Change %Change XLP $68.24 -1.19 -1.71 XLU $68.89 -1.14 -1.63 XLY $146.38 0.29 0.20 XLE $69.72 0.97 1.42 U.S. stocks, in a volatile session, ended mixed with the Nasdaq Composite posting modest gains, while the Dow Jones Industrial Average … Read more

Queenie Tan shares European shopping hack in viral TikTok

The best thing about shopping in Europe, is just that, shopping in Europe. Why? because most of what’s on offer isn’t yet available in Australia. And to help sweeten the experience, Aussies can get money back on tax for shopping – but it comes with “loops and holes”. Sydney woman and finance influencer Queenie Tan, … Read more

Goldman Sachs, Lyft, Mind Medicine and more

Goldman Sachs (GS), Morgan Stanley (MS), Bank of America (BAC), Citigroup (C): Wall Street banks were hit with $1.8 billion in fines Tuesday tied to probes into how the firms failed to monitor employee use of unauthorized messaging apps. The Securities and Exchange Commission announced 16 firms, including Goldman Sachs, Citigroup, Bank of America and … Read more

Stock futures rise slightly after S&P 500 hits new low for the year

Earnings questions, potential recession mean more selling could be ahead The Dow and S&P 500 have fallen for six straight days, with many of those seeing broad selling typical of so-called “washout” days. That can sometimes be a contrarian buy signal on Wall Street, but many investment professionals are skeptical that the selling is over. … Read more

Wall Street banks to pay $1.8bn over messaging violations

Eleven Wall Street banks and brokers including Goldman Sachs, Morgan Stanley and Barclays have agreed to pay more than $1.8bn in fines over charges of “widespread” and “longstanding” failures in their record-keeping practices, US regulators said on Tuesday. The institutions admitted to violating federal record-keeping requirements, the US Securities and Exchange Commission said after an … Read more

Fed ‘united,’ moving at ‘appropriately aggressive’ pace -Kashkari

(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari on Tuesday said U.S. central bankers are united in their determination to do what is needed to bring inflation down, and financial markets understand that. “There’s a lot of tightening in the pipeline,” Kashkari said in a WSJ Live interview, referring to interest rate hikes already … Read more

Profit expectations are still way too high. UBS on what to buy and what to avoid

Even after the stock market tumbled into a bear market this year, profit expectations for the S & P 500 remain way too high, which could lead to even more trouble down the road, according to UBS. The S & P 500 is squarely in a bear market, trading 24% below a record set in … Read more