Citigroup swings to fourth-quarter profit, tops estimates on investment banking strength
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JPMorgan Chase posts record profit as the bank’s massive scale pays off
The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.CNBC - 22m -
Goldman Sachs shares rise after topping estimates on strong trading results
Goldman's fourth-quarter results will give investors a preview of what to expect this year, as investment banking and trading fees are both expected to rise.CNBC - 22m -
Big US banks set for $31bn quarterly profit as Wall Street business booms
Trading activity boosted in final quarter of 2024 by Donald Trump’s election winFinancial Times - 2d -
Delta outlook tops estimates as CEO expects 2025 to be airline's 'best financial year in our history'
Delta's CEO said strong travel demand is driving revenue higher.CNBC - 4d -
Samsung’s profit estimates disappoint as it fights for Nvidia’s AI business
Fourth-quarter earnings hit by greater investments in advanced chip manufacturingFinancial Times - Jan. 8 -
Samsung Expects Further Profit Growth Slowdown, Missing Estimates
The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.The Wall Street Journal - Jan. 7 -
Citigroup’s stock is a banking-sector bargain as ‘inflection point’ looms, analyst suggests
Barclays analyst Jason Goldberg upgrades Citigroup to overweight from equal weight on bullish 2025 prospects.MarketWatch - Jan. 6 -
Investment banks prepare for crunch year in 2025
Boutiques counting on M&A rebound to support elevated valuations and star hiresFinancial Times - Jan. 6 -
Macau 2024 casino revenues top official estimate but below pre-pandemic levels
Yahoo News - Jan. 1
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Here's the inflation breakdown for December 2024 — in one chart
The consumer price index, an inflation gauge, rose 2.9% on an annual basis in December 2024 on the back of higher food and energy prices.CNBC - 30m -
JPMorgan Chase posts record profit as the bank’s massive scale pays off
The bank said profit rose 50% to $14 billion in the fourth quarter as noninterest expenses fell 7% from a year earlier.CNBC - 22m -
The crazy ride in quantum computing stocks continues as shares rip higher on Microsoft's 'quantum ready' directive
Quantum computing stocks rallied Wednesday after Microsoft urged businesses to get "quantum-ready" in 2025.CNBC - 1h -
Microsoft launches consumption-based 365 Copilot Chat option for corporate users
Microsoft is providing an alternative to the Microsoft 365 Copilot, which has gained some commercial adoption at $30 per user per month.CNBC - 41m -
Bristol Myers Squibb says Alzheimer's is the biggest market for new schizophrenia drug
Bristol Myers Squibb plans to release initial late-stage trial data on Cobenfy in Alzheimer's-related psychosis during the latter part of the year.CNBC - 20m
More in Business
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Stocks and bonds rally after US price pressures ease
Headline inflation rises to 2.9% in December but closely watched core figure dips unexpectedlyFinancial Times - 15m -
Bitcoin approaches $100,000 again as a cool inflation reading fuels risk appetite
Bitcoin extended its rebound on Wednesday, hovering below the $100,000 after another encouraging inflation report stirred risk-on appetite.CNBC - 15m -
How Nissan's profits dropped 90% in one year
Merging with rival Honda may be Nissan's best shot at survival. The Japanese automaker is struggling around the world, including the U.S. and China.CNBC - 16m -
Oil prices climb as traders weigh OPEC and IEA demand forecasts
Oil futures climbed Wednesday, finding support after snapping a three-day winning streak that had been driven in part by wider U.S. sanctions on Russia as well as cold weather in much of the U.S. ...MarketWatch - 17m -
Hydrogen-Powered Boats Are Here
Amogy just raised $56 million to scale its hydrogen fuel tech.Inc. - 20m