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Steve Gelsi

Steve Gelsi

Senior Reporter at MarketWatch

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Influence score
70
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Location
United States
Languages
  • English
Covering topics
  • Finance & Banking Services

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Recent Articles

marketwatch.com

23andMe sells its most valuable asset to biotech company Regeneron, which promises to keep your D...

Regeneron said it will continue uninterrupted service of 23andMe’s consumer genome services after its purchase closes as expected in the third quarter of this year.
marketwatch.com

Fintech stocks are hot again, as Coinbase and eToro whet investor a...

Crypto broker Coinbase is slated to join the S&P 500 on Monday as the sector gains favor while trading platform eToro’s IPO hits pay dirt and Chime files to go public.
marketwatch.com

Coinbase says cyberattack cost up to $400 million after bribed over...

Coinbase said customer passwords and private keys were protected by its systems, and “at no time were any of the targeted contractors or employees able to access customer funds.”
marketwatch.com

This discount hotel chain wants in on Middle East tourism boom afte...

Wyndham has been adding 100 hotels a year to its worldwide hotel network in more than 95 countries.
marketwatch.com

Crypto broker eToro’s upsized IPO to test the waters for stock-mark...

“If the stock market rally continues, other quality companies that had put their IPO plans on hold are likely to follow,” one expert said.
marketwatch.com

CrowdStrike lays off 500 in latest example of AI costing people the...

According to CrowdStrike’s CEO, the company’s pivot to AI would allow it to “move faster” and “operate more efficiently.”
marketwatch.com

Cargo giant Expeditors sees China-to-U.S. shipping ‘declining signi...

“I am not sure any of us have ever seen anything like the non-stop, rapidly shifting rules and regulations that have impacted our industry in recent days,” the company’s CEO said.
marketwatch.com

Kellogg suggests even cost-conscious consumers are willing to pay m...

Cereal giant seeks to connect with more buyers with a relaunch of Kashi and focus on fiber for value-conscious shoppers.
marketwatch.com

Tyson’s beef business facing ‘the most challenging market condition...

As the price of beef rises amid a cattle shortage to nearly $6 a pound, or roughly 50% more than in 2020, beef sales remain under pressure.
marketwatch.com

Estée Lauder lays off 2,600 workers, out of its 7,000 target, as sa...

Estée Lauder said it would adopt a “more competitive approach” to procurement by consolidating its spending and re-evaluating its suppliers.
marketwatch.com

Pfizer sticks to 2025 profit view as it shrugs off plunging Paxlovi...

Pfizer’s first-quarter revenue missed analyst estimates as it faces an “uncertain and volatile external environment.”
marketwatch.com

Wells Fargo gets another federal penalty lifted, but still has 3 bi...

Wells Fargo’s CEO says the bank “is a different and stronger company today” after correcting its compliance problems.
marketwatch.com

It’s time to start nibbling on Lowe’s and Williams-Sonoma’s stocks,...

Patient investors will see the benefits of taking small purchases of these stocks.
marketwatch.com

Hasbro’s stock rallies as toy maker ups its revenue forecast for ‘W...

The toy company’s first-quarter results wowed Wall Street, but its outlook excluded any impact of tariffs due to uncertainty over trade negotiations.
marketwatch.com

Northrop’s stock falls as B-21 bomber’s production costs jump, hurt...

Defense contractor’s stock drops as profit and revenue fall short of analyst estimates.
marketwatch.com

M&A activity falls as Wall Street clients tap the brakes on deals

In the face of uncertainty around tariffs and other policy changes, companies have been pausing major deal decisions, despite the expectation in late 2024 that activity would accelerate.
marketwatch.com

Harley-Davidson accuses activist shareholder of putting the company...

Harley-Davidson’s management team has accused activist shareholder H Partners of “self-serving action” for calling for the firing of the motorcycle maker’s chief executive officer and two of its board members.
marketwatch.com

Bank of America profit jumps 10%, but CEO Moynihan warns of ‘a chan...

Fueled by growing deposits and a boost in sales and trading revenue, Bank of America’s first-quarter profit blows past Wall Street analyst estimates.
marketwatch.com

JPMorgan Chase CEO Jamie Dimon sells $32 million of his company’s s...

The stock sale is part of a previously-disclosed 10b5-1(c) trading plan filed with regulators.
marketwatch.com

Fresh debt from JPMorgan, Morgan Stanley draws warm reception from ...

As big Wall Street banks issue billions in new debt, yield spreads against U.S. Treasurys drop in a sign of strong demand.
marketwatch.com

BlackRock’s Larry Fink compares current climate of anxiety and unce...

Head of world’s biggest asset manager says all current client conversations are dominated by worry about market swings