LONDON (Reuters) – Global banks are in the process of cutting over 6,000 jobs as profits at lucrative investment banking…
U.S. rejects Bill Hwang’s sandbagging claim in Archegos prosecution
By Jonathan Stempel NEW YORK (Reuters) – The U.S. Department of Justice forcefully rejected Bill Hwang’s claim that it sandbagged…
U.S. consumer inflation expectations fall in January
WASHINGTON (Reuters) – U.S. consumers believe price pressures will ease considerably over the next 12 months, with a survey on…
Back to the future: Toyota sets sights on old-car upgrades in zero-emissions drive
CHIBA, Japan (Reuters) – In an eye-catching bid to show that cars can be clean while appealing to old-school petrolheads,…
Goldman Sachs platform solutions business lost $3 billion in nearly three years
By Saeed Azhar and Niket Nishant NEW YORK (Reuters) -Goldman Sachs Group Inc lost $3.03 billion in nearly three years…
Investors snap up record $39 billion emerging market sovereign bond splurge
By Jorgelina do Rosario LONDON (Reuters) – Developing countries have sold a huge $39 billion of international bonds since the…
BlackRock profit slips but inflows rise amid Q4 market rebound
By Davide Barbuscia and Mehnaz Yasmin (Reuters) -BlackRock Inc reported an 18% drop in fourth-quarter profit on Friday, hit by…
Bed Bath & Beyond in talks with Sycamore Partners for sale of assets – NYT
(Reuters) – Bed Bath & Beyond Inc is in talks with private equity firm Sycamore Partners for the sale of…
UnitedHealth profit beats on lower medical costs as COVID eases
(Reuters) -UnitedHealth Group Inc beat Wall Street expectations for fourth-quarter profit on Friday, as lesser COVID-related expenses kept a check…
World Cup drinkers boost UK GDP, easing recession risk
By David Milliken and Andy Bruce LONDON (Reuters) -Britain’s economy unexpectedly eked out some growth in November after a boost…