Latest in Europe bank bosses yearn for M&A as U.S. dealmaking expected to take off
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Bank of Japan is expected to hike rates this week, CNBC survey shows
Out of 19 economists, 18 agreed on prospects of a rate hike, with most pointing to a recent change in tone of the BOJ leadership as driving their expectations.CNBC - 13h -
Healthy Returns: Biotech and pharma M&A is off to a good start in 2025 — but will it last?
Biotech and pharma dealmaking is off to a good start in 2025. Meanwhile, digital health fundraising defined by “David and Goliath dynamic” in 2024, report says.CNBC - 17h -
As Trump Takes Office, Zelensky Urges Europe to Stand Firm Against Russia
Speaking a day after Trump’s inauguration, Ukraine’s president told world leaders at Davos that Europe needs to remain united and “learn how to take care of itself.”The New York Times - 18h -
Europe must be prepared for Trump tariffs, European Central Bank chief warns
European Central Bank President Christine Lagarde spoke to CNBC at the World Economic Forum in Davos.CNBC - 2h -
The U.S. dollar slumps as Trump 2.0 kicks off with no immediate tariffs
Why President Donald Trump’s Inauguration Day led to a weakening of the U.S. dollar, according to BofA.MarketWatch - 16h -
Europe bank bosses yearn for M&A as U.S. dealmaking expected to take off
"There are too many banks in Europe for an efficient capital system," one CEO told CNBC at the World Economic Forum in Davos, Switzerland.CNBC - 21h -
Ukraine's Zelenskyy questions the U.S.' commitment to Europe's future
Ukraine's President Volodymyr Zelenskyy called into question the U.S.' commitment to its allies in Europe.CNBC - 22h -
‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics
Having left the library behind, the once budding academic talks about building JP Morgan’s UK digital lender from scratch. It all started in spring 2019, in a secret office on the seventh floor of ...The Guardian - 23h -
Immigration raids expected as Trump takes office
Americans are awaiting President Trump's next steps on immigration and border security as he begins his second term in the White House. CBS News' Lilia Luciano and Omar Villafranca report.CBS News - 1d -
Davos agenda turns to dealmaking and growth as Trump takes office
US financiers look to revival of ‘animal spirits’ despite concerns over threat of trade tariffsFinancial Times - 2d -
TikTok Ban Takes Effect and App Goes Dark in the U.S.
The popular video app stopped working shortly before a federal law barring U.S. companies from hosting or distributing TikTok was set to take effect on Sunday.The New York Times - 2d -
Secret tunnel found on U.S.-Mexico border to be sealed off
The tunnel, discovered on Jan. 10, connects the Mexican city of Ciudad Juarez with the Texas city of El Paso.CBS News - 2d -
TikTok voluntarily shuts down in the U.S. as divest-or-ban law takes effect
Users in the U.S. who opened the app were greeted with a message that read, "Sorry, TikTok isn't available right now."CBS News - 2d -
TikTok goes dark in the U.S. as ban takes effect
TikTok was not available for many of its 170 million users in the U.S. hours before a ban on the social media platform was supposed to go into effect.NBC News - 3d -
JPMorgan Chase is the best performer among U.S. banks. What that means for investors.
Now that the largest six U.S. banks have reported their fourth-quarter results, it is clear that investors are continuing to celebrate the group’s performance. And although the banks have varying ...MarketWatch - 4d -
How U.S. immigration policy could change once Trump takes office
President-elect Donald Trump has promised a massive overhaul of the U.S. immigration policy once he takes office on Monday. Some of those promises include the largest deportation operation in ...CBS News - 4d -
When market concentration bites. Europe’s GRANOLAs offer a lesson for U.S. investors, says Goldman.
Europe’s cream of the crop stocks have fallen on some tough times, and for U.S. investors, the lesson is clear, says Goldman Sachs.MarketWatch - 4d -
The U.K. again delays key banking rule, saying it will wait for U.S. to decide first
The Bank of England on Friday said it will delay key rules on bank capital for a year while the U.S. decides what to do, a sign of how the incoming Trump administration will impact financial ...MarketWatch - 5d -
Bank of America tops estimates on better-than-expected investment banking, interest income
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.CNBC - 5d -
Dealmakers fear cross-border M&A will be hostage to Trump diplomacy
The president-elect is expected to use all government agencies to push other countries to support his agendaFinancial Times - 6d -
JPMorgan Chase posts record profit as the bank's massive scale pays off
JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank in U.S. history.NBC News - 6d -
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 - 6d -
A global bond sell-off is deepening as investors pare Fed rate-cut expectations
A sell-off in global bond markets is accelerating, fueling concerns over government finances and raising the specter of higher borrowing costs.CNBC - Jan. 14 -
TikTok ban: Here’s what to expect if the app is banned in the U.S. on Sunday
The U.S. Supreme Court is viewed as open to upholding a national-security law that will shut down the video-sharing app nationwide on Sunday if it continues to be controlled by its Chinese parent ...MarketWatch - Jan. 14 -
U.S. companies will need to increase their hedges against a stronger dollar in 2025, says Bank of America
A surging buck can crimp multinational’s profitsMarketWatch - Jan. 9 -
Asia's central banks face a formidable challenge: An ascendant U.S. dollar
A surge in the dollar has sent Asian currencies reeling, stoking worries over imported inflation and prompting some central banks to intervene in the currency market.CNBC - Jan. 9 -
EBay shares soar after Meta allows listings on Facebook Marketplace in U.S., Europe
Shares of eBay soared Wednesday as Meta announced it will allow some listings to show up on Facebook Marketplace in Germany, France and the United States.CNBC - Jan. 8 -
Deutsche Bank says it’s now overweight Europe stocks vs. the U.S. Valuation is just one reason.
There’s never been a bigger valuation gap between European and U.S. stocks, and that’s not the only reason why Deutsche Bank now says it prefers equities on the Continent on a tactical basis.MarketWatch - Jan. 7 -
Bet365 boss takes big pay cut but still makes £158m
Denise Coates has been credited with the rapid rise of the online gambling firm.BBC News - Jan. 7 -
U.S. Steel sues Biden admin, union boss after president blocks acquisition deal
U.S. Steel and the Japanese firm that had sought to acquire it are suing the Biden administration after the president announced he was blocking a proposed deal for the iconic American manufacturer.NBC News - Jan. 6 -
Washington Post expected to lay off dozens of staffers in coming week – report
‘Cuts will be deep’, media reporter writes, after paper faced scrutiny for halting endorsement of Harris in October. Dozens of employees are expected to be laid off at the Washington Post in the ...The Guardian - Jan. 6 -
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After four hours on tarmac, Chiefs' plane takes off for Denver
The Chiefs spent longer on the tarmac today than they'll spend on the football field tomorrow, even if they play a full overtime period.Yahoo Sports - Jan. 5 -
This investor imagined the landscape in 2035. He expects U.S. stocks to struggle.
It’s one thing to try to forecast a decade of returns, though many firms including JPMorgan and Vanguard regularly produce such forecasts.MarketWatch - Jan. 4 -
Blinken heads to Asia, Europe on last expected trip as top US diplomat
Secretary of State Antony Blinken will embark on what is expected to be his final overseas trip in office this weekend, traveling to South Korea, Japan and FranceABC News - Jan. 3 -
Help! Ryanair Won’t Send Flight Compensation to a U.S. Bank Account
After being grounded for 12 hours in Berlin, a mother and daughter were owed both compensation and a rebooked flight. All they got were nonsensical responses from customer service.The New York Times - Jan. 3 -
China hits dozens of U.S. companies before expected Trump tariffs
China's Ministry of Commerce adds 28 U.S. entities to export control list to "safeguard national security and interests."CBS News - Jan. 2 -
The Palestinian Authority Takes on Hamas Militants in West Bank Power Struggle
Weeks of deadly fighting have marked the most serious clashes between Palestinian factions in years.The Wall Street Journal - Jan. 2