Bank of America tops estimates on better-than-expected investment banking, interest income
The company said fourth-quarter profit jumped 47% to $6.67 billion, or 82 cents per share, from a year earlier.
CNBC (www.cnbc.com)
• Published 6 months ago
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Target says its holiday sales were better than expected — but its profits weren't
The big-box retailer's report indicates that deals and promotional events motivated shoppers.
CNBC (www.cnbc.com)
• Published 6 months ago
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BP Eliminates Thousands Of Jobs In Cost-Cutting Effort, CEO Says
BP Plc is eliminating 4,700 positions internally, about 5% of its workforce, and more than 3,000 contractor jobs, Chief Executive Officer Murray Auchincloss told staff on Thursday, as the London-based energy giant seeks to reduce costs.
Bloomberg (www.bloomberg.com)
• Published 6 months ago
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Morgan Stanley is due to release fourth-quarter earnings
The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.
CNBC (www.cnbc.com)
• Published 6 months ago
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New Microsoft Program Gives Quantum Stocks Reprieve From Recent Losses
Quantum stocks rallied Wednesday, a day after Microsoft called 2025 "the year to become quantum-ready," mitigating a string of recent losses spurred by high-profile bearish comments on the sector.
Investopedia (www.investopedia.com)
• Published 6 months ago
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Upcoming Earnings Reports to Watch on Thursday: TSM, UNH, BAC and MS
Anticipated Strong Performances from Technology, Healthcare, and Financial Giants
Yahoo Entertainment (finance.yahoo.com)
• Published 6 months ago
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Bitcoin Returns To $100,000, Ethereum, XRP, Dogecoin Explode Higher And Are 'Off To The Races,' Trader Says
Cryptocurrency markets are surging on Wednesday as financial markets interpreted freshly-released inflation data as a positive sign for equities.
Benzinga (www.benzinga.com)
• Published 6 months ago
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Inflation mixed but with encouraging signs in December, CPI shows
A key core measure dropped from the higher levels of the last four months.
Axios (www.axios.com)
• Published 6 months ago
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Southwest Airlines pilot arrested at Georgia airport for allegedly showing up to work intoxicated: police
A Southwest Airlines pilot was arrested at Savannah/Hilton Head International Airport in Georgia for allegedly driving under the influence, police say.
Fox News (www.foxnews.com)
• Published 6 months ago
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Asia-Pacific markets track Wall Street gains; South Korea unexpectedly keeps rates unchanged
Korea's central bank surprised market watchers by keeping base rates unchanged at 3%.
CNBC (www.cnbc.com)
• Published 6 months ago
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FDA moves to ban Red No. 3 from all food products, citing potential cancer risk
The Food & Drug Administration announced Wednesday it's amending its color additive regulations to no longer allow the use of Red No. 3 in any foods products.
Thenationaldesk.com (thenationaldesk.com)
• Published 6 months ago
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Treasury nominee plans to say at confirmation hearing that Trump will unleash 'economic golden age'
U.S. Treasury nominee Scott Bessent plans to say at his confirmation hearing that President-elect Donald Trump has an opportunity to unleash “a new economic golden age.” In prepared testimony offered to The Associated Press ahead of the Thursday hearing, Bess…
Associated Press (apnews.com)
• Published 6 months ago
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TSMC net profit hits record high as fourth-quarter results top expectations on robust AI chip demand
TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.
CNBC (www.cnbc.com)
• Published 6 months ago
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New Glenn Rocket launch challenges Elon Musk's space dominance
Amazon founder Jeff Bezos's space company blasts its first rocket into orbit in a challenge to Elon Musk.
BBC News (www.bbc.com)
• Published 6 months ago
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US inflation ticks up again — but Dow surges as key Fed gauge dips
Prices increased for rent, airfares, new and used cars and trucks, medical care and motor vehicle insurance.
New York Post (nypost.com)
• Published 6 months ago
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Bitcoin Price Tops $100,000 Again on CPI News, Regulatory Optimism
Bitcoin climbed back above $100,000 on Wednesday, rising on fresh inflation data that lifted stocks and regulatory news seen as bullish for cryptocurrency.
Investopedia (www.investopedia.com)
• Published 6 months ago
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US says Toyota unit to plead guilty, pay over $1.6 bln to settle fraud scheme
A Toyota Motor Corp unit agreed to plead guilty and pay over $1.6 billion in a settlement with U.S. government agencies to settle violations related to an emissions fraud scheme, the U.S. Justice Department said in a statement on Wednesday.
Reuters (www.reuters.com)
• Published 6 months ago
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Hundreds of Washington Post staffers urge Jeff Bezos in letter to meet with newsroom leaders
It's the most drastic step staffers have taken to address the myriad challenges facing The Post over the past year.
Axios (www.axios.com)
• Published 6 months ago
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TSMC fourth-quarter results top expectations, net profit surges 57% on robust AI chip demand
TSMC, the world's largest contract chip manufacturer, produces advanced processors for clients such as Nvidia and Apple and has benefited from the megatrend in favor of AI.
CNBC (www.cnbc.com)
• Published 6 months ago
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Blue Origin's debut New Glenn rocket blasts off from Florida
Blue Origin's giant New Glenn rocket blasted off from Florida on its first mission to space, an inaugural step into Earth's orbit for Jeff Bezos' space company as it aims to rival SpaceX in the satellite launch business.
Reuters (www.reuters.com)
• Published 6 months ago
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