January 15, 2019

As loans and revenue shrink, Wells Fargo leans on cost cuts

Wells Fargo & Co’s loan book shrank and revenue fell across all its major businesses last quarter, as the fourth-largest U.S. lender continued to work through […]
January 15, 2019

JPMorgan misses fourth-quarter profit estimates as bond trading slumps

JPMorgan Chase & Co missed profit estimates for the fourth quarter as a slump in bond trading revenue overpowered strong consumer loan growth and record revenues. […]
January 15, 2019

Ralph Winter office to invest $300 million in Medici U.S. shared housing

Medici Living Group said on Tuesday the family office of German real estate investor Ralph Winter has agreed to invest $300 million over three years to […]
January 15, 2019

Stocks rise on China hopes; sterling rebounds as Brexit vote fails

Major world stock markets climbed on Tuesday on hopes of more stimulus for China’s economy, while sterling rebounded from the day’s lows after British lawmakers defeated […]
January 15, 2019

Netflix, China boost Wall Street as investors shrug off Brexit vote

U.S. stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc’s plans to raise fees for U.S. subscribers and hopes of more stimulus […]
January 15, 2019

France seeks Renault board meeting to replace CEO Ghosn: sources

The French government is moving to dismiss Renault’s scandal-hit Chairman and Chief Executive Carlos Ghosn, and has requested a board meeting to consider candidates to replace […]
January 15, 2019

White House considering former PepsiCo CEO, Treasury official to lead World Bank: source

The White House is considering former PepsiCo Inc Chief Executive Indra Nooyi, Treasury Department official David Malpass and Overseas Private Investment Corp CEO Ray Washburne among […]
January 15, 2019

Wall Street rises as Netflix boosts tech, internet stocks

U.S. stocks rose on Tuesday as technology and internet stocks gained on Netflix Inc’s plans to raise fees for U.S. subscribers and hopes of more stimulus […]
January 15, 2019

Oil rises about 3 percent on economic stability hopes

Oil prices rose about 3 percent on Tuesday, along with world stock markets, supported by China’s plan to introduce policies to stabilize a slowing economy, reversing […]
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