State Street’s quarterly profit rises; appoints interim CFO
(Reuters) – State Street reported a rise in fourth-quarter profit on Friday, boosted by an increase in fees earned from…
US mid-sized banks ride industry upswing on robust fee income
By Manya Saini and Niket Nishant (Reuters) – A raft of U.S. banks reported higher fourth-quarter profits on Friday, extending…
US Supreme Court upholds law banning TikTok
By Andrew Chung and John Kruzel WASHINGTON (Reuters) – The U.S. Supreme Court upheld on Friday a law banning TikTok…
Wells Fargo firms, Merrill Lynch to pay $60 million to settle SEC charges
By Chris Prentice (Reuters) -Merrill Lynch and two Wells Fargo advisory firms have agreed to pay a combined $60 million…
Fed’s Goolsbee says he feels more comfortable that labor market is stabilizing, WSJ reports
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said he feels more comfortable that the labor market is stabilizing,…
Trump will keep TikTok from ‘going dark’ if deal is on table, adviser says
By David Shepardson WASHINGTON (Reuters) -U.S. President-elect Donald Trump’s incoming national security adviser said on Thursday the new administration will…
J.P.Morgan forecasts spending on data centers could boost US GDP by 20 basis points in 2025-26
By Siddarth S (Reuters) – J.P.Morgan estimated spending on data centers could contribute between 10-20 basis points to U.S. economic…
Wall Street could get a boost from $1 trillion in buybacks, Goldman says
By Nell Mackenzie LONDON (Reuters) – Investors have been hoping Donald Trump’s return to the White House next week will…
Citi cuts return targets to spend more on regulatory fixes, plans $20 billion in buybacks
By Tatiana Bautzer and Manya Saini (Reuters) -Citigroup cut its closely watched profitability target in 2026 as it tackles rising…
Trump USDOT nominee says Tesla safety probe will continue
By David Shepardson WASHINGTON (Reuters) – President-elect Donald Trump’s nominee to head the Transportation Department said he would allow an…