News

Many Americans think they’re insulated from climate change. Their finances indicate otherwise

Most Americans believe global warming won't impact them much. But it's already having a negative effect on household finances.

Microsoft's hiring of staff from AI startup Inflection referred for UK merger probe

Microsoft's hiring of employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K.

Man who claimed to be inventor of bitcoin referred to UK prosecutors for alleged perjury

A U.K. judge on Tuesday referred a case against Australian entrepreneur Craig Wright's claim to be the inventor of bitcoin to the Crown Prosecution Service.

Morgan Stanley beats estimates on better-than-expected trading and investment banking

Morgan Stanley is likely to benefit from its Wall Street-centric business model.

Bank of America is about to report earnings — here’s what Wall Street expects

CEO Brian Moynihan told investors in April that net interest income would bottom in the second quarter.

Deutsche Bank criticized by German regulator for financial reporting error

Deutsche Bank incorrectly disclosed deferred tax assets in its 2019 financial statement, German regulator BaFin said Tuesday.

Dimon and other Wall Street CEOs react to Trump assassination attempt: 'Deeply saddened' by violence

The shooting on Saturday shocked a nation gearing up for a contentious November election.

Goldman Sachs is set to report second-quarter earnings — here’s what Wall Street expects

Expectations have been set high for Goldman Sachs, with Wall Street businesses in the midst of a rebound after a dismal 2023.

China reports second-quarter GDP growth of 4.7%, missing expectations

The National Bureau of Statistics did not hold a press conference for the data release. China's high-level policy meeting, the Third Plenum, kicks off Monday.

Here's the deflation breakdown for June 2024 — in one chart

Prices have fallen for physical goods, gasoline, airfare and some grocery items like apples since June 2023, according to the consumer price index.

Citigroup tops expectations for profit and revenue on strong Wall Street results

Citigroup this week was rebuked for failing to address regulatory shortfalls, so analysts will be keen to ask CEO Jane Fraser about her long-running efforts.

JPMorgan's Jamie Dimon warns inflation and interest rates may stay higher

JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures.
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