These stocks offer protection from risk to come, Morgan Stanley says

Stock markets are emerging from the worst start to a year in half a century. But the volatility is far from over and investors should prepare for further risk to earnings ahead, Morgan Stanley says. The S&P 500 notched its worst first half since 1970 while the Nasdaq Composite fell deep into a bear market. … Read more

McDonald’s shareholders vote on Carl Icahn proxy fight over animal welfare

Signage outside a McDonald’s Corp. fast food restaurant in Louisville, Kentucky, US, on Friday, Oct. 22, 2021. Luke Sharrett | Bloomberg | Getty Images McDonald’s shareholders meeting on Thursday morning will mark the climax of a proxy fight waged by activist investor Carl Icahn, who is pushing for two seats on the fast-food giant’s board … Read more

Top picks to buy the dip in an undervalued market

Morningstar’s David Sekera thinks the market sell-off is looking overdone – and reveals the tech stocks he thinks are attractive right now, as well as his picks to ride the return of consumer spending. After years of beating the market, tech stocks have been slammed this year as expectations of aggressive tightening by the Federal … Read more

Blackrock to vote for fewer climate provisions in 2022 than 2021

Laurence “Larry” Fink, chairman and chief executive officer of BlackRock Inc., pauses as he speaks during the BlackRock Asia Media Forum in Hong Kong, China. Justin Chin | Bloomberg | Getty Images BlackRock, the largest asset manager in the world, said it will likely vote to support fewer climate proposals from companies in its investment … Read more

Elon Musk and Cathie Wood knock passive index investing, saying it’s gone too far

Cathie Wood, chief executive officer and chief investment officer, Ark Invest, gestures as she speaks during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 7, 2022 in Miami, Florida. Marco Bello | Getty Images Elon Musk and Cathie Wood took aim at index funds in a Twitter thread, arguing that passive investments … Read more

These are the UK’s highest paying companies for entry-level jobs

Economic uncertainty over the past couple of years has been hugely detrimental to young people at the start of their careers, which has made securing a well-paid first job an even bigger priority. Global jobs website Glassdoor found that financial transaction processing company Thought Machine offered the highest pay for an entry-level job, with an … Read more

Carl Icahn McDonald’s shareholders letter calls out Wall Street ESG ‘hypocrisy’

Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016. David A. Grogan | CNBC Carl Icahn released his letter to McDonald’s shareholders on Thursday, calling out compensation among the company’s top ranks and Wall Street firms for their ESG investing policies. It’s the latest development in Icahn’s animal-welfare battle with the … Read more

Delta, JPMorgan, BlackRock and more

Check out the companies making headlines before the bell: Delta Air Lines (DAL) – Delta rallied 6.6% in the premarket after reporting a smaller-than-expected quarterly loss and predicting a current-quarter profit. The airline also said monthly revenue exceeded pre-pandemic levels for the first time in March. JPMorgan Chase (JPM) – The bank reported quarterly earnings … Read more

Reversing globalization could cause pain and profit for companies

Russia’s invasion of Ukraine has fast forwarded a shift away from globalization, and that will create challenges and opportunities for businesses and investors.

Big banks’ earnings and a hot inflation report could sway markets in short holiday week

A trader on the NYSE, March 11, 2022. Source: NYSE Markets face what could be a hot inflation report in the week ahead and a batch of big bank earnings to start the earnings season. JPMorgan Chase and BlackRock kick off the financial industry’s first-quarter earnings releases Wednesday, with Citigroup, Wells Fargo, Morgan Stanley and … Read more