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Steve Gelsi

Steve Gelsi

Senior Reporter at MarketWatch

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  • Finance & Banking Services
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  • English
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Steve Gelsi
marketwatch.com

United to offer free Starlink connectivity on flights

Passengers will have internet and other mobile services at 35,000 as early as 2025
marketwatch.com

Mastercard paying $2.65 billion for cybersecurity company that uses AI

Mastercard Inc. said Thursday it will pay $2.65 billion to acquire Recorded Future Inc., a data threat intelligence company based in Somerville, Mass., with...
marketwatch.com

Mastercard paying $2.65 billion for cyber security company that use...

Mastercard Inc. said Thursday it will pay $2.65 billion to acquire Recorded Future Inc., a data threat intelligence company based in Somerville, Mass., with...
marketwatch.com

JPMorgan, Goldman Sachs lead bank shares down after CEO warns of we...

JPMorgan stock also falls on drop in activity in the current quarter, mostly due to weak bond trading.
marketwatch.com

Feds to unveil lightened bank-capital requirements in coming days, ...

Banking regulators have signaled that they were overhauling the capital requirements after complaints from banks that higher capital requirements would threaten to eat into the amount of money available to lend out to stimulate the economy.
marketwatch.com

KeyCorp to book $700 million loss on sale of securities

The transaction marks an example of efforts by financial firms to reposition their balance sheets with higher-yielding assets as interest rates have risen.
marketwatch.com

Cannabis stocks rally after Trump supports moving drug to less rest...

GOP presidential nominee Donald Trump supports Schedule III classification for cannabis, which has already been proposed by the Biden administration.

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marketwatch.com

Zenas BioPharma, Bicara Therapeutics sets IPO price ranges as summe...

Zenas BioPharma Inc. and Bicara Therapeutics Inc. on Friday both set estimated price ranges in their initial public offerings in a sign that the traditional summer lull in deals is coming to an end.
marketwatch.com

Stericyle stock up as its purchase by Waste Management clears regul...

Company’s $7.2 billion deal with Waste Management OK’d by Federal Trade Commission.
marketwatch.com

Trump social-media stock ‘DJT’ extends skid ahead of presidential d...

Stock is suffering its 17th drop in the past 20 trading days.
marketwatch.com

Starwood, Newmark, KKR Real Estate upgraded on better commercial re...

KBW lifts ratings on the three real estate investment trusts to outperform from market perform
marketwatch.com

Southwest Airlines’ stock rises after activist investor Elliott ups...

The private-equity firm now holds enough stock to call a special shareholder meeting ahead of a Sept. 9 sit-down with the airline’s management.
marketwatch.com

Constellation Brands’ stock rises as company hikes low end of adjus...

The alcoholic-beverages maker plans to take a goodwill impairment loss in its wine and spirits business of up to $2.5 billion.
marketwatch.com

Cannabis stocks rally as analyst hails pot as an ‘increasingly bipa...

Alliance Global Partners Aaron Grey sees Donald Trump’s weekend statement on cannabis as a step forward.
marketwatch.com

Goldman Sachs cutting up to 1,800 workers after performance reviews...

Goldman Sachs Group Inc. is cutting as many as 1,800 of its employees as part of a planned 3% to 4% staff reduction following the bank’s annual performance-review process, the Wall Street Journal has reported.
marketwatch.com

Home Depot scraps marijuana drug tests for employees: report

Internal memo on banning cannabis testing gets posted on Reddit
marketwatch.com

Trump social-media stock ‘DJT’ drops below $20 for first time since...

Trump Media & Technology Group Corp.’s stock fell 5% on Wednesday to drop below $20 a share for the first time since the company merged with a special-purpose acquisition company earlier this year.
marketwatch.com

NFL approval of private equity is first step toward much-needed cap...

The 10% cap approved by team owners is just the beginning, a lawyer with Haynes and Boone said.
marketwatch.com

RIV Capital’s revenue more than doubles as New York cannabis market...

RIV Capital Inc. reported a narrower loss and more than double its quarterly revenue on Wednesday as the cannabis company looked to scale up its Etain dispensaries in New York.
marketwatch.com

Ascend Wellness becomes third cannabis company to jettison its CEO ...

Ascend Wellness Holdings Inc. has named a new chief executive, the New York-based cannabis company said Thursday. It is the third big North American cannabis company this month to replace its top executive.
marketwatch.com

Cannabis stocks drop as DEA sets drug-rescheduling hearing after el...

DEA sets Dec. 2 public meeting on proposal to lower cannabis to a less-dangerous Schedule III classification under U.S. law.