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Elhedery, who is the current chief financial officer, will replace outgoing head Noel Quinn in September.

Rising expectations for a September rate cut following the latest inflation data bolstered demand for bullion.

The probabilities are based on trading in CME Fed Funds futures contracts.

Small-cap stocks are on a tear right now as they took the baton from megacap technology shares to lead the market rally.

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 employees from artificial intelligence startup Inflection has been referred for an initial merger investigation in the U.K.

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

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

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

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

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