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Steve Gelsi

Steve Gelsi

Senior Reporter at MarketWatch

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

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Recent Articles

marketwatch.com

United, Delta and Alaska Air are the buys in ‘mixed’ air-travel recovery, says Goldman analyst

Goldman Sachs analyst Catherine O’Brien resumes coverage of airlines as carriers face choppy post-COVID world
marketwatch.com

Why General Mills is buying its fifth pet-food business

From an estimated $150 billion of spending in 2024, the category is expected to mushroom up to roughly $200 billion by 2030, according to estimates from Bloomberg Intelligence.
marketwatch.com

Starbucks’ turnaround plan has ‘merit’ but unknown costs make the s...

Redburn Atlantic’s Edward Lewis downgrades coffee-shop giant after new Chief Executive Brian Niccol unveils his “Back to Starbucks” plan.
marketwatch.com

Klarna IPO emerges as fintechs gain traction and bankers signal mor...

The buy-now-pay-later company aims to tap into a revival of interest in stocks like Affirm and SoFi.
marketwatch.com

Cannabis stock valuations and investments hobbled by regulatory unk...

A reality check around regulatory challenges facing the cannabis sector has taken hold among some of the leading financiers in the industry, as optimism around the promise of a legal market has faded.
marketwatch.com

Green Thumb Industries looks past ‘tricky time’ for cannabis stocks

Green Thumb’s Ben Kovler says the big drop in canna stocks this week isn’t causing the Chicago-based company to change course.
marketwatch.com

Planet Fitness’s stock rallies as it beats profit and revenue estim...

Planet Fitness’s stock rallies as it beats profit and revenue estimates
marketwatch.com

JPMorgan, Wells Fargo to kick off bank earnings parade amid lower i...

JPMorgan Chase & Co. and Wells Fargo & Co. kick off third-quarter earnings season this coming Friday, as Wall Street looks for fresh clues on how lower interest rates may boost profits for big U.S. banks.
marketwatch.com

Miami Dolphins close to becoming first NFL team to sell stake to pr...

Ares Management and Alibaba chair Joe Tsai are reportedly in talks to buy minority stakes in the team.
marketwatch.com

Dick’s Sporting Goods hiring about 600 fewer seasonal workers than ...

Retailer plans to hold its “National Signing Day” event on Tuesday to recruit seasonal employees.
marketwatch.com

Nike ‘still not out of the woods,’ analyst says, as stock drops aft...

Nike Inc.’s stock fell on Wednesday after the athletic-apparel company’s latest quarterly results disappointed investors.
marketwatch.com

StandardAero stock gains top 30% after pricing IPO above its estima...

StandardAero generated a 29% gain in its stock-market debut on Wednesday in a strong showing from the private-equity-backed jet-engine repair and maintenance business.
marketwatch.com

Joby Aviation’s stock rallies on heels of Toyota’s $500 million inv...

Toyota has committed $894 million to Joby as part of a seven-year collaboration between the two companies
marketwatch.com

Cannabis helping shape presidential race, with votes set for Florid...

Cannabis is playing a bigger role in the U.S. presidential race than in any past campaign, with Vice President Kamala Harris reaffirming support for legalization this week.
marketwatch.com

Trump’s ‘DJT’ stock adds to gains to turn in strong performance for...

Trump Media & Technology Group Corp.’s stock rose Monday to bring its total gain for the past week up to nearly 30%, but it still remains in negative territory for September as the month ends.
marketwatch.com

JPMorgan Chase has less upside than Bank of America, Citi, Goldman:...

Morgan Stanley analyst Betsy Graseck cuts JPMorgan to equal-weight from overweight due to the stock’s outperformance.
marketwatch.com

CVS’s stock rises nearly 2% on report of meeting with hedge fund Gl...

The reported meeting signals potential changes to improve shareholder value after weak stock performance.
marketwatch.com

Former ‘Apprentice’ contestant reduces their stake in Trump Media &...

Trump Media co-founder Andrew Litinsky now owns only 100 shares through United Atlantic Ventures — an investment vehicle for one of the company’s founders.
marketwatch.com

Macau casino owners Las Vegas Sands, Wynn Resorts, MGM extend stock...

Las Vegas Sands owns five casinos in Macau, China, which generated $1.75 billion out of a total of $2.76 billion of the company’s second-quarter revenue.
marketwatch.com

BioAge, BKV shares end their first trading day flat after earlier g...

Obesity-drug developer BioAge held on to a slim gain after rising more than 20%, while Texas-based Barnett Shale driller BKV traded flat.
marketwatch.com

Citi and Apollo ink latest financial alliance as private-credit dea...

Citi and Apollo will handle loan portfolio with capital from insurance annuity company Athene and Abu Dhabi’s Mubadala Investment Co.