Goldman Sachs shares rise after topping estimates on strong trading results.
The bank said profit roughly doubled from a year earlier to $4.11 billion, or $11.95 a share, as revenue grew while expenses […]
UK economy’s disappointing November growth fuels the case for Bank of England rate cut.
The U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics (ONS) showed Thursday, […]
Morgan Stanley tops estimates on strong equities and fixed income trading revenue
Here’s what the company reported: The bank said quarterly profit more than doubled to $3.71 billion, or $2.22 a share, from a […]
China Cash Squeeze Rolls on Even After Central Bank’s Infusions.
China’s cash squeeze extended with some signs of disruption to trading, as a liquidity infusion from Beijing failed to counteract a spike […]
US to finalize billions in funding for Rivian and Plug before Trump.
The Biden administration is poised to finalize billions of dollars in financing for electric-vehicle maker Rivian Automotive Inc (RIVN). and hydrogen manufacturer […]
TSMC’s Q4 profit rises 57% to a record, in line with forecast.
Taiwanese chipmaker TSMC said fourth-quarter net profit rose 57% to a record on Thursday, in line with expectations, as it benefits from […]
US to push TSMC, Samsung into tightening China chip supplies- Bloomberg.
The U.S. is planning more regulations aimed at limiting the flow of advanced chips made by TSMC and its peers into China, […]
Japanese yen rises after BOJ’s Ueda says rate hike possible with economic progress.
The Japanese yen strengthened on Wednesday after the Bank of Japan (BOJ) Governor Kazuo Ueda indicated that the central bank may consider […]
Bureau Veritas in talks to combine with Swiss testing firm SGS.
France’s Bureau Veritas is in talks to combine with Swiss testing and inspection company SGS (SIX:SGSN), the companies said on Wednesday. There can be […]
Morning Bid: Markets catch a break before inflation, earnings
LONDON, Jan 13 (Reuters) – The number of job vacancies in London’s financial sector dropped by almost a fifth in the last […]
JPMorgan Chase exec Daniel Pinto, longtime No. 2 to Jamie Dimon, will step down in June
JPMorgan Chase said Tuesday that Chief Operating Officer and President Daniel Pinto will step down from those roles in the coming months, setting off an […]
CFPB sues Capital One, alleges it misled consumers on savings rates
The Consumer Financial Protection Bureau announced Tuesday that it was suing Capital One for misleading consumers about their savings account interest rates and “cheating” them out […]