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Financial News Around the World

Wells Fargo posts lower earnings and revenue amid an 11% decline in net interest income

The San Francisco-based lender posted $11.69 billion in net interest income, a 11% decrease from the same quarter last year.

Published 11 October 2024
Categorised as Finance News

Jamie Dimon says geopolitical risks are surging: ‘Conditions are treacherous and getting worse’

JPMorgan Chase CEO Jamie Dimon sees risks climbing around the world amid widening conflicts in the Middle East.

Published 11 October 2024
Categorised as Finance News

UK economy grows 0.2% in August, in line with expectations

The U.K. economy had previously recorded modest but steady expansion in almost every month this year, but flatlined recently.

Published 11 October 2024
Categorised as Finance News

JPMorgan Chase is set to report third-quarter earnings – here’s what the Street expects

JPMorgan will be watched closely for clues on how banks are faring at the start of the Federal Reserve’s easing cycle.

Published 11 October 2024
Categorised as Finance News

Berkshire slashes Bank of America stake to under 10%, no longer required to disclose frequently

Warren Buffett’s Berkshire Hathaway cut its stake in Bank of America below an important level.

Published 10 October 2024
Categorised as Finance News

Wealthy millennials and Gen Z are redefining philanthropy

Wealthy donors under the age of 43 are more likely to volunteer, fundraise and act as mentors for charitable causes rather than just give money.

Published 10 October 2024
Categorised as Finance News

Stocks making the biggest moves midday: First Solar, Tesla, CVS, TD Bank and more

These are the stocks posting the largest moves in midday trading.

Published 10 October 2024
Categorised as Finance News

The Fed is finally cutting rates, but banks aren’t in the clear just yet

When the Federal Reserve cut its benchmark rate by half a percentage point last month, it boosted prospects for many banks.

Published 10 October 2024
Categorised as Finance News

Here’s the inflation breakdown for September 2024 — in one chart

Inflation fell in September as gasoline prices declined and housing inflation moderated, according to the consumer price index.

Published 10 October 2024
Categorised as Finance News

Hedge funds do an about-face on the China trade, selling stocks in record numbers

Hedge funds posted the largest single-day net selling of Chinese securities on Tuesday, according to Goldman Sachs’ prime brokerage data.

Published 10 October 2024
Categorised as Finance News

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