Today: November 14, 2024
Today: November 14, 2024

Latest From Niket Nishant

Business|Finance|News|US

US regulator orders Wells Fargo to overhaul its efforts to combat illicit funds

Wells Fargo shares slid on Thursday after a U.S. banking regulator found its safeguards against money laundering and other illegal

US regulator orders Wells Fargo to overhaul its efforts to combat illicit funds
Business|Economy|Finance|News|Stock Markets|US

US bank stocks rise as jumbo rate cut eases credit risk, cost concerns

U.S. bank stocks rose on Thursday after the Federal Reserve's 50 basis point cut in interest rates raised hopes of lower deposit costs and reduced pressure

US bank stocks rise as jumbo rate cut eases credit risk, cost concerns
Business|Finance|Stock Markets|US

Visa falls on report of US DoJ lawsuit alleging debit-card monopoly

Visa shares fell 3% on Tuesday after a report said the U.S.

Visa falls on report of US DoJ lawsuit alleging debit-card monopoly
Business|Economy|Finance|Stock Markets|US

US IPOs set to extend recovery after staging a solid comeback

The U.S. IPO market has bounced back strongly in 2024 after a nearly two-year dry spell, driven by receding recession fears and a searing rally in stocks.

Business|Finance|Stock Markets|US

StandardAero valued at $10.4 billion as shares jump in NYSE debut

Carlyle-backed StandardAero racked up a $10.38 billion valuation after its shares opened 29% above the offer price in their NYSE debut on Wednesday, as

StandardAero valued at $10.4 billion as shares jump in NYSE debut
Business|Finance|Stock Markets|US

Berkshire Hathaway nets $10 billion from BofA share-sale spree

Warren Buffett-led Berkshire Hathaway further cut its stake in Bank of America, a late Monday filing showed, netting the investment giant more than $10

Berkshire Hathaway nets $10 billion from BofA share-sale spree
Business|Economy|Finance|Stock Markets

BNY beats Q3 profit estimates as assets under custody and administration top $50 trillion

BNY beat third-quarter profit estimates on Friday, boosted by higher investment services fees as assets under its custody and administration exceeded the $

BNY beats Q3 profit estimates as assets under custody and administration top $50 trillion
Business|Economy|Finance

JPMorgan profit beats estimates on investment banking strength, higher interest income

JPMorgan Chase's third-quarter profit beat expectations as strong investment banking performance and rising interest payments offset a hit from bigger loan

JPMorgan profit beats estimates on investment banking strength, higher interest income
Business|Economy|Finance|Stock Markets

Goldman Sachs profit beats estimates as bond sales boost investment banking

Goldman Sachs' profit beat estimates in the third quarter, fueled by a rebound in bond sales, stock offerings and mergers that sent its shares up more than

Goldman Sachs profit beats estimates as bond sales boost investment banking
Business|Finance

Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record

Morgan Stanley's profit surpassed estimates on a bumper third quarter for investment banking that had also buoyed rivals, sending its

Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record
Business|Finance|Technology

Robinhood launches desktop platform, adds futures and index options trading to app

Robinhood launched its long-awaited desktop platform and added futures and index options trading features to its mobile app on Wednesday, as the fintech

Robinhood launches desktop platform, adds futures and index options trading to app
Business|Finance|Stock Markets|US

Huntington Bancshares beats profit estimates on capital markets strength

Huntington Bancshares' third-quarter profit beat expectations on Thursday, as higher underwriting and wealth management fees offset a hit from bigger

Huntington Bancshares beats profit estimates on capital markets strength
Business|Finance|US

US regional banks capitalize on rising deal fees to counter high deposit costs

U.S. regional banks' profits outdid Wall Street expectations in the third quarter as their investment banking fees surged from a revival in dealmaking and

US regional banks capitalize on rising deal fees to counter high deposit costs
Business|Finance|Stock Markets|US

AmEx profit beats as expense discipline offsets spending slowdown

American Express reported third-quarter profit above Wall Street estimates on Friday, benefiting from disciplined expense management that helped cushion a

AmEx profit beats as expense discipline offsets spending slowdown
Business|Finance|Stock Markets|US

BlackRock launches three targeted ETFs for investors looking to diversify risks

BlackRock has launched three new exchange-traded funds (ETFs), including two that offer exposure to the largest U.S. stocks and one designed to avoid them,

BlackRock launches three targeted ETFs for investors looking to diversify risks
Business|Finance

NYCB delays profit goal to 2026 after fourth straight quarter of loss

New York Community Bancorp delayed its profitability goal by a year after posting its fourth straight quarterly loss, in a sign of stress from its exposure

NYCB delays profit goal to 2026 after fourth straight quarter of loss
Election|Finance|US

Robinhood rolls out contracts to bet on US presidential election

Robinhood said on Monday it will allow trading in U.S. presidential election event contracts, as it seeks to capitalize on growing retail demand for betting

Robinhood rolls out contracts to bet on US presidential election
Business|Finance|US

US regional banks with Florida operations brace for hurricane fallout

Several regional lenders allocated loan-loss provisions in the third quarter to cover potential defaults by borrowers grappling with recent hurricanes,

US regional banks with Florida operations brace for hurricane fallout
Business|Economy|Finance|US

Deteriorating office loans stress US regional banks' CRE portfolios

U.S. regional banks continue to grapple with pressures in their office loan books as remote work stays prevalent, but rate cuts may provide some relief by

Deteriorating office loans stress US regional banks' CRE portfolios
Business|Election|Finance|US

US banks to gain from looser capital, merger policies under Trump

The banking industry is expected to win big as former President Donald Trump returns to the White House, ushering in Republican regulators who

US banks to gain from looser capital, merger policies under Trump
Business|Economy|Finance|Stock Markets

Mastercard's profit beats estimates on resilient consumer spending

Payments processor Mastercard reported a better-than-expected profit for the third quarter on Thursday, as customers encouraged by economic

Mastercard's profit beats estimates on resilient consumer spending
Business|Finance|Stock Markets|US

Robinhood shares drop as growth push takes a toll on Q3 results

Shares of Robinhood Markets fell 14% on Thursday after more than doubling in value this year, as incentives aimed to attract customer assets hurt the retail

Robinhood shares drop as growth push takes a toll on Q3 results
Business|Finance|Health|Stock Markets

Global Payments sharpens core focus with $1.1 billion medical software unit sale

Global Payments will sell its medical software business, AdvancedMD, to investment firm Francisco Partners for $1.13 billion, the companies said on Wednesday, as the

Global Payments sharpens core focus with $1.1 billion medical software unit sale
Business|Finance

Boeing workers' demand for reinstated pension a long shot, experts say

Boeing workers' efforts to restore the traditional pension plans it ditched a decade ago feels to many like a long shot, as reinstating such a structure could exacerbate

Boeing workers' demand for reinstated pension a long shot, experts say
Business|Technology

LinkedIn co-founder's background-checking startup KarmaCheck raises $45 million

KarmaCheck, a background-checking startup led by LinkedIn co-founder Eric Ly, has raised $45 million in a funding round led by Parameter Ventures.

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