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Chip slump erases $1.3 trillion in stock market valueThe PHLX's combined loss of 12% over two sessions shows investors are becoming more concerned about pricey, high-flying tech stocks just as...- US Stock Market | Jefferies profit rises on dealmaking but misses estimates from losses on First Brands, MFSJefferies Financial reported a 22% profit increase, driven by investment banking, but missed analyst estimates due to loan losses from coll...
- Goldman Sachs' profit rises on dealmaking, trading strengthGoldman Sachs' profit rises on dealmaking, trading strength
- Dow closes higher on first day of 2026, still no Santa Claus rallyMajor indexes like the Dow and S&P 500 closed higher on Friday, ending a four-day losing streak to begin 2026. Chip makers, industrials, an...
- Wall Street girds for life under Mamdani, worries about New York City's competitivenessNew York City's financial sector braces for a new era with Mayor Zohran Mamdani's election. Business leaders express apprehension about pot...
- Trump says JPMorgan, Bank of America rejected his businessFormer U.S. President Donald Trump on Tuesday accused major banks of discriminating against him and his supporters, claiming that JPMorgan ...
- Champions Trophy 2025: Most runs, wickets, 100s, sixes, highest score, biggest win for PakistanChampions Trophy 2025: Pakistan, as defending champions, will face New Zealand in the opening match of the Champions Trophy 2025 in Karachi...
- US stock indexes end up; Nasdaq, S&P 500 hit record highs on payrolls dataAccording to preliminary data, the S&P 500 gained 29.67 points, or 0.54%, to end at 5,566.69 points, while the Nasdaq Composite gained 163....
- Citi's new banking head Viswas Raghavan begins as CEO hails his 'intensity'Raghavan previously served as JPMorgan's CEO in the Europe, Middle East and Africa (EMEA) region, while also leading its investment and cor...
- Bank of America Q2 Results: Investment banking fees rises 7% to $1.2 billion; profit beats on boost from interest incomeThe bank reported a 7% rise in investment banking fees to $1.2 billion, driven by higher interest payments and leasing revenue, the company...
- US stock market: Wall Street ends mixed as investors await debt ceiling talksWall Street closed mixed on Monday, with the S&P 500 almost flat as investors refrained from making big bets ahead of a fresh round of talk...
- Wall Street bonuses to plunge as much as 45% for bankers - studyBankers who underwrite equity or debt offerings are forecast to receive payouts that are 40% to 45% lower than in 2021, while their counter...
- Morgan Stanley profit misses estimate as deals drought extendsThe outlook for deals has steadily worsened this year as the U.S. Federal Reserve raised interest rates to tame inflation, clouding the eco...
- UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 blnThe move comes days after e& said it was looking to expand into new markets in Africa, Europe and Asia and in areas outside telecoms such a...
- Abu Dhabi's Mubadala starts investing in crypto ecosystemThe rapid growth of cryptocurrencies and in particular stablecoins - digital assets pegged to traditional currencies - has caught the atten...
- Saudi sovereign fund PIF set to raise $3.2 bln in Saudi Telecom stake saleThe deal, which was marketed internationally, is the biggest equity capital market transaction in the Middle East this year, said a source ...
- Saudi Aramco CEO says contingency plans in place in case of attacksHe said a refinery in Riyadh, which was attacked on Friday and caught fire, began to be brought back on stream within a few hours.
- Saudi King approves renaming Saudi Arabian Monetary Authority to Saudi Central BankSaudi Central Bank will continue to use the acronym "SAMA" due to its historic significance and relevance locally and globally. The banknot...
- 'Triple-checked' facts of civilian-army rift story: Pak journalistIn his story 'Act against militants or face international isolation', Almeida reported that the civilian government has warned the military...
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