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A short seller is betting the remittance and money transferring business’ stock price will tumble.

TORONTO (Reuters) -CIBC announced on Thursday that its CEO Victor Dodig would retire in October and be replaced by Harry Culham, the head of the Canadian bank's capital markets division. Culham will serve as chief operating officer as of April 1 and take over as CEO on November 1, Canada's fifth-largest lender said. As part of CIBC's executive shakeup in September, Culham took on additional responsibility to oversee the bank's global asset management business and enterprise strategy, along with CIBC's Caribbean business.

Looking for the best money market account interest rates available today? Here’s where to find the highest rates. Is a good time to open a money market account?

Suspicion is rising that Trump and his aides are manipulating stocks via tariff announcements. Is that even possible?

In Wall Street's tariff panic, a downgrade can still be an upgrade.

Various factors have weighed on tech stocks this year, including investor unease over Trump's tariffs and AI spending.

(Bloomberg) -- US equities are pricing in a recession risk much bigger than credit markets, leaving room for a positive surprise, according to JPMorgan Chase & Co. strategists.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthropy Launches $120 Million Fund To Support YIMBY ReformsProspect Medical’s Pennsylvania Hospitals at Risk of ClosureStoc

(Bloomberg) -- There have been few winning strategies to seek refuge in as the stock rout sparked by President Donald Trump’s start-stop tariff war drags on for a third week. One, though, is soaring right now: a pair trade that bets on stocks that thrive in an economy sinking into stagflation.Most Read from BloombergTrump DEI Purge Hits Affordable Housing GroupsElectric Construction Equipment Promises a Quiet RevolutionNYC Congestion Pricing Toll Gains Support Among City ResidentsOpen Philanthro

While the broader market has struggled with the S&P 500 down 1% since September 2024, Zillow has surged ahead as its stock price has climbed by 20.2% to $69.50 per share. This performance may have investors wondering how to approach the situation.

Even during a down period for the markets, Driven Brands has gone against the grain, climbing to $16.60. Its shares have yielded a 17.4% return over the last six months, beating the S&P 500 by 18.4%. This performance may have investors wondering how to approach the situation.