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Bank of NY Mellon earnings beat by $0.14, revenue topped estimates

Investing.com – Bank of NY Mellon (NYSE: BK) reported third quarter EPS of $1.52, $0.14 better than the analyst estimate of $1.38. Revenue for the quarter came in at $4.65B…

October 11, 2024

Economy

JPMorgan profit drops on bigger provisions for loan losses

(Reuters) – JPMorgan Chase (NYSE:JPM)’s profit dropped in the third quarter as it built up provisions for potential loan defaults, the bank said on Friday. Profit was $12.90 billion for…

October 11, 2024

Economy

Analysis-Trump’s tax cut pledges are coming fast and furious in waning days of campaign

By Gram Slattery and James Oliphant WASHINGTON (Reuters) – Republican presidential candidate Donald Trump is rolling out a new tax-cut proposal about once a week in an unusual rush in…

October 11, 2024

Economy

Analysis-Aging Uruguay’s vote to drop pension age is rattling investors

By Lucinda Elliott MONTEVIDEO (Reuters) – Uruguay heads to the polls to vote for a new president this month, but investors have a wary eye on another ballot: a referendum…

October 11, 2024

Economy

Faster move to neutral rate could help Bank of Canada fend off below-target inflation

By Fergal Smith TORONTO (Reuters) – The Bank of Canada is likely to lower interest rates to a neutral setting that neither restricts nor stimulates its economy more quickly than…

October 11, 2024

Economy

Surging US repo activity likely exacerbating funding pressure

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – A sharp steady rise in overnight repurchase agreements is overwhelming banks that serve as middlemen for such short-term borrowings in U.S. government securities,…

October 11, 2024

Stock

Exclusive-Northvolt in talks for about 200 million euros in funding, sources say

By Anousha Sakoui, Christina Amann and Marie Mannes LONDON/FRANKFURT/STOCKHOLM (Reuters) -Northvolt is in talks with investors and lenders to secure about 200 million euros ($218 million) in short-term funding, three…

October 11, 2024

Stock

Tesla robotaxi event was long on promises, but investors wanted more details

By Chris Kirkham LOS ANGELES (Reuters) -For a businessman who perpetually struggles with broken promises, Elon Musk gave himself quite a to-do list Thursday night at Tesla (NASDAQ:TSLA)’s long-awaited Hollywood…

October 11, 2024

Stock

Stellantis’ top level shake-up fails to provide quick boost

LONDON (Reuters) – Shares in French-Italian automaker Stellantis (NYSE:STLA) resumed their decline on Friday after the carmaker confirmed the retirement of CEO Carlos Tavares in 2026 and announced other management…

October 11, 2024

Stock

FTSE 100 little changed; Sainsbury’s, BP slip

(Reuters) – The blue-chip FTSE 100 was flat on Friday, weighed down by losses in Sainsbury’s after its biggest shareholder cut stake in the supermarket chain, while BP (NYSE:BP) slipped…

October 11, 2024