US banking giants capture biggest share of industry profits since 2015

JPMorgan Chase, Bank of America, Citigroup and Wells Fargo account for 44% of earnings

Topics

Honda shares set for best day in more than 16 years on share buyback plan, Nissan deal

Shares of Japanese automaker Honda surged over 15% following its announcement to buy back up to 1.1 trillion yen ($7 billion) of its shares.
CNBC - 10h
WATCH: Mom shares adorable ornament her son made at preschool

"This string is very special, as you will soon see, unravel it and you'll find that, it is the same size as me," the mom read the note.
ABC News - 12h
Is the Tech Industry Nearing an A.I. Slowdown?

Companies like OpenAI and Google are running out of the data used to train artificial intelligence systems. Can new methods continue years of rapid progress?
The New York Times - 16h
How Google Maps Makes It Harder for Palestinians to Navigate the West Bank

One user told WIRED that Google Maps directed them to “drive right into a wall that’s been up since 2003.”
Wired - 19h
This home builder issued its third profit warning in three months. Its stock is tanking.

Britain’s Vistry Group on Tuesday issued its third profit warning in as many months, sending its already-battered stock spiraling lower.
MarketWatch - 3h
EU burns through gas storage at fastest rate since energy crisis

Colder weather and lower seaborne imports increase reliance on stored gas
Financial Times - 7h
UAE becomes Africa’s biggest investor amid rights concerns

Activists alarmed at emirati companies’ poor record on labour rights and fear projects may fail to address environmental concerns. The United Arab Emirates has become the largest backer of new ...
The Guardian - 7h
Fed says it is weighing changes to bank tests for systemic risk

Overhaul could alter the models for hypothetical losses, averaging results over two years to cut results’ volatility
Financial Times - 14h
US targets China with probe into semiconductor industry

The White House on Monday launched a new probe into China's semiconductor industry as the Biden administration continues to take more aggressive action against Chinese technology out of national ...
The Hill - 20h
NFL Winners and Losers: The biggest takeaways from Sunday's games

If Chicago wants Detroit OC Ben Johnson to be its next head coach, he got an up-close and ugly view of the Bears on Sunday. Plus, Justin Jefferson goes Superman.
Yahoo Sports - 1d