Bank of America’s good quarter was helped by volatility and an easier regulatory environment.
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One of Europe’s stock market pillars is crumbling as a selloff in its world-leading luxury sector deepens on signs that the Middle East war will delay a recovery in high-end spending.
One of Europe’s stock market pillars is crumbling as a selloff in its world-leading luxury sector deepens on signs that the Middle East war will delay a recovery in high-end spending.
A unit of the Adani Group has refinanced its offshore bond maturing in June using funds from a $500 million private placement last month, according to people familiar with the matter.
Morgan Stanley’s stock traders took in $5.15 billion in the first three months of the year, a 25% jump that came in ahead of expectations and boosted total trading revenue to $10.7 billion. Dani Burger reports on Bloomberg Television. (Source: Bloomberg)
The U.S. has beaten Iran "militarily" and that the war is "very close to over," Trump said, claiming a peace deal likely.
Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
Abu Dhabi’s state oil company, which recently closed a three-way merger to create a $60 billion petrochemical behemoth, said it’s confident about Europe’s economic prospects and remains open to new deals.
Morgan Stanley’s stock traders joined the rest of Wall Street with a record-breaking first quarter.
Morgan Stanley’s stock traders joined the rest of Wall Street with a record-breaking first quarter.
The European Union will allow member states more flexibility to subsidize fuel and fertilizer prices to soften the impact of the price shock from the Iran war.
Hermes said wholesale activity was "significantly affected" in the first quarter by lower sales to concession stores, particularly in the Middle East and in airports.
Depository Trust & Clearing Corp., the main firm responsible for clearing US stock trades, is working with Amazon.com Inc. to move its core systems to the cloud by the end of the decade.
Bank of America, the second-largest U.S. bank by assets, has topped expectations for earnings per share for 23 consecutive quarters.
Solaria Energía y Medio Ambiente SA is in talks to join a state-backed consortium seeking to develop a €4 billion ($4.7 billion) data center hub in Spain, part of broader European efforts to expand digital infrastructure, according to people familiar with the matter.
Gabon’s dollar bonds sold off the most in more than a year after the International Monetary Fund’s latest report indicated the country is facing worse budget pressures than expected.
Last time momentum measures were this high indices saw notable pullbacks in the next few weeks
Bank of America Corp.’s traders notched the highest quarterly revenue in more than a decade, as revenue from equity trading climbed 30% to $2.8 billion in the first quarter. Fixed-income trading fell short of a consensus of analyst estimates. Dani Burger reports on Bloomberg Television (Source: Bloomberg)
Bank of America Corp. disclosed it has about $20 billion in private-credit exposure, as the bank and its Wall Street peers seek to calm concerns about the industry’s exposure to the asset class.
PNC Financial Services Group Inc. said its exposure to private-credit firms stood at $7 billion, joining other big banks in shedding more light on such loans as investors fear possible spillovers from stress in the space into banks.
Snap was up in premarket trading on Wednesday after announcing plans to lay off up to 16% of its global workforce citing AI-driven efficiencies
Wall Street continues its trend of cheering news of large layoffs in the technology sector.
US equity futures waver near an all-time high amid optimism surrounding a potential Iran peace deal. ASML shares rise after the firm boosted its guidance as surging global AI spending help fuel demand for its chipmaking machines. Bank earnings continue with Bank of America and Morgan Stanley. Jack Caffrey of JPMorgan Asset Management sees earnings further accelerating this year. Stephen Biggar of Argus Research takes a closer look at bank results. (Source: Bloomberg)
Hungary’s stocks can extend their rally as a landslide opposition victory marks a “game-changer” that could sharply compress risk premiums and unlock a long-awaited re-rating, according to strategists at HSBC Holdings Plc.