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The Man Who Has Detroit, Wall Street and the White House on Edge
Business

The Man Who Has Detroit, Wall Street and the White House on Edge

United Auto Workers President Shawn Fain is throwing out the traditional union playbook and preparing for a strike, possibly against three automakers at once. Source

Morgan Stanley's Profit Falls, Hurt by Lower Trading Revenue
Business

Wall Street Wrestles With Dealmaking, Trading Slump

Morgan Stanley said second-quarter profit fell 13% from a year ago, driven by a 22% decline in trading revenue. Source link

S&P 500 off highs on Citigroup slip as major Wall Street banks kick off earnings
Stock Market

S&P 500 off highs on Citigroup slip as major Wall Street banks kick off earnings By Investing.com

© Reuters. Investing.com — The S&P 500 gave gains Friday as financials were hurt by a slip in Citigroup as the Wall Street bank failed

Johnnie Walker maker Diageo names Crew as new CEO By Reuters
Stock Market

State Street sinks after ‘low-quality’ beat By Investing.com

© Reuters. State Street (STT) sinks after ‘low-quality’ beat Shares of financial services company State Street (NYSE:) declined after it reported results for the second

U.S. stocks mixed as rising yields pressure tech sector
Stock Market

U.S. stocks were rising as strong bank earnings lift Wall Street By Investing.com

© Reuters. Investing.com — U.S. stocks were rising after three big banks reported strong second-quarter profits. At 9:41 ET (13:41 GMT), the rose 160 points

Analysis-Banking woes, Fed keep investors on edge in nervous U.S. stock market By Reuters
Finances

State Street beats profit estimates as interest income rises By Reuters

© Reuters. FILE PHOTO: The ticker and logo for State Street Corporation is displayed on a screen at the post where it’s traded on the

Marex registers 29% rise in revenues in 2022
Finances

State Street reports 8% Y/Y drop in revenues from FX trading services in Q2 2023

State Street Corporation (NYSE:STT) reported its second-quarter 2023 financial results today. Foreign exchange trading services decreased 8% and 11% compared to 2Q22 and 1Q23, respectively,

DraftKings price target raised at several Wall Street firms, shares gain
Stock Market

DraftKings price target raised at several Wall Street firms, shares gain By Investing.com

© Reuters DraftKings price target raised at several Wall Street firms, shares gain DraftKings (NASDAQ:) shares gained more than 2% today after three Wall Street

Coinbase sees third Wall Street downgrade following massive rally
Stock Market

Coinbase sees third Wall Street downgrade following massive rally By Investing.com

© Reuters. Coinbase (COIN) sees third Wall Street downgrade following massive rally Shares of Coinbase (NASDAQ:) fell 1% in pre-open trading Thursday after another Wall Street

Major banks rebuff FX price fixing claims
Finances

Clear Street enters futures market via acquisition of React Consulting Services

Clear Street, a New York-based independent prime broker, today announced that it intends to enter the futures clearing market with the acquisition of React Consulting