Morgan Stanley's results in the quarter were powered by the firm's fixed income and equities trading operations, which produced about $8.5 billion in revenue. Continue Reading »
Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters. Continue Reading »
The investment bank said volumes will reach an estimated $240 billion in 2026 and grow at a 80% compound annual rate between 2025 and 2030. Continue Reading »
The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into systems. Continue Reading »
"It probably won't surprise anyone that we are again putting capital preservation at the top of our priorities," Einhorn said in his latest investor letter. Continue Reading »
A prolonged blockage of the Strait of Hormuz for the next six to 12 months will mean an unavoidable recession, the billionaire investor said. Continue Reading »
Bessent has previously said the Fed should hasten cutting interest rates, calling reductions "the only ingredient missing" for stronger economic growth. Continue Reading »
China's export growth slowed in March as manufacturers grappled with surging energy costs, with the Iran war disrupting supplies, while imports jumped more than expected. Continue Reading »
Goldman Sachs posted record equities trading revenue for the first quarter, helping propel the overall firm to its second-highest quarterly revenue. Continue Reading »
Fears of a private credit crisis arrived just as the growing and less transparent bond market was being included in more fixed-income ETFs. Continue Reading »
Bridgewater founder Ray Dalio told CNBC he is optimistic about the outcome of a meeting between the U.S. and Chinese presidents next month. Continue Reading »
Before the U.S and Israel began their war against Iran, about 20% of the world's oil was shipped through the narrow Strait of Hormuz. Continue Reading »
JPMorgan CEO Jamie Dimon in his annual letter to shareholders noted the country's 250th anniversary and called for a broad recommitment to American ideals. Continue Reading »
Blue Owl attributed the higher-than-usual requests to "heightened market concerns around AI-related disruption to software companies." Continue Reading »
The Berkshire Hathaway chairman said the growing number of nuclear-armed states has fundamentally altered the global risk landscape. Continue Reading »
Administrators, athletes discuss college sport finance as Duke reports $181.6 million in 2024-25 athletics revenue The Duke Chronicle Continue Reading »
Departments probing finances of West Suburban hospital in Oak Park, Illinois after abrupt closure, state Rep. LaShawn Ford says ABC7 Chicago Continue Reading »