Business

Warsh says markets to get ample notice to any Fed balance sheet changes

Tuesday, July 14 by SRN News

WASHINGTON, July 14 (Reuters) - Federal Reserve Chair Kevin Warsh said that any changes in the U.S. central bank's balance sheet policies would be previewed, explained and debated, and financial markets would have ample advance notice of them. Warsh told a U.S. House of... Read More.

An experimental Alzheimer’s drug shows promise targeting a different brain protein, new study shows

Tuesday, July 14 by SRN News

WASHINGTON (AP) - An experimental drug might help slow early Alzheimer's disease in a markedly different way than today's treatments - by lowering levels of a brain protein called tau, researchers reported Tuesday. Tau is one part of a toxic duo fueling Alzheimer's but prior... Read More.

Buffett omits gift to Bill Gates’ foundation after Microsoft cofounder’s Epstein ties disclosed

Tuesday, July 14 by SRN News

OMAHA, Neb. (AP) - Billionaire Warren Buffett omitted Bill Gates ′ foundation from his annual donations this year after disclosures of the Microsoft co-founder's ties to convicted sex offender Jeffrey Epstein. He will donate about $6 billion to four foundations connected to his own... Read More.

JPMorgan profit rises on dealmaking, stock trading windfall

Tuesday, July 14 by SRN News

July 14 (Reuters) - JPMorgan Chase reported a higher second-quarter profit on Tuesday as its investment banking business benefited from a surge in big-ticket deals, while its traders capitalized on volatile markets. The largest U.S. lender posted a profit of $21.2 billion, or $7.70 per... Read More.

KPMG Australia to cut hundreds of jobs and reduce partner pay, AFR reports

Tuesday, July 14 by SRN News

July 14 (Reuters) - KPMG's embattled Australia consultancy business is preparing to cut hundreds of jobs and reduce partner pay by as much as a fifth, the Australian Financial Review reported on Tuesday, as it contends with the fallout from an audit leak scandal. KPMG... Read More.

BofA beats profit estimates on record trading, investment banking strength

Tuesday, July 14 by SRN News

By Pritam Biswas and Saeed Azhar July 14 (Reuters) - Bank of America beat estimates for second-quarter profit on Tuesday, benefiting from record trading activity and a surge in dealmaking. Investors remained cautious and reshuffled portfolios amid volatile markets, as U.S.-Iran tensions fueled concerns over... Read More.

Wells Fargo profit jumps on interest income boost, trading windfall

Tuesday, July 14 by SRN News

July 14 (Reuters) - Wells Fargo's profit jumped 17% in the second quarter as volatile markets kept its trading desks busy, while strong loan growth boosted interest income. The fourth-largest U.S. lender's net income was $6.41 billion, or $2.00 per share, in the three months... Read More.

Analysis-US state officials fear Paramount-Warner deal will squeeze local movie theaters

Tuesday, July 14 by SRN News

July 14 - U.S. states suing to block Paramount's merger with Warner Bros Discovery argue that the deal could squeeze local movie theaters, which are still struggling to sell as many tickets as they did before the pandemic. "While ticket prices will most likely... Read More.

Goldman’s profit tops estimates on trading surge, corporate deal spree

Tuesday, July 14 by SRN News

By Saeed Azhar and Niket Nishant July 14 (Reuters) - Goldman Sachs exceeded second-quarter profit expectations, as dealmaking picked up pace and market volatility due to the Middle East war boosted the equities business to a record. Inflation risks and uncertainty over interest rates kept investors... Read More.

JPMorgan Chase profit hits $16.9 billion in the second quarter, boosted again by market volatility

Tuesday, July 14 by SRN News

WASHINGTON (AP) - JPMorgan Chase said Tuesday that it logged $16.9 billion in second-quarter profit as its equities trading division again took advantage of market volatility triggered by the war in Iran. The nation's largest bank by asset size, JPMorgan said that revenue in every... Read More.

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Current Weather

Warsh says markets to get ample notice to any Fed balance sheet changes

An experimental Alzheimer’s drug shows promise targeting a different brain protein, new study shows

Buffett omits gift to Bill Gates’ foundation after Microsoft cofounder’s Epstein ties disclosed

JPMorgan profit rises on dealmaking, stock trading windfall

KPMG Australia to cut hundreds of jobs and reduce partner pay, AFR reports

BofA beats profit estimates on record trading, investment banking strength

Wells Fargo profit jumps on interest income boost, trading windfall

Analysis-US state officials fear Paramount-Warner deal will squeeze local movie theaters

Goldman’s profit tops estimates on trading surge, corporate deal spree

JPMorgan Chase profit hits $16.9 billion in the second quarter, boosted again by market volatility

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