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Americans Are Borrowing Again, Which Is Great News for Big Lenders
Finances

Americans Are Borrowing Again, Which Is Great News for Big Lenders

A returning appetite for debt among consumers is making life a lot easier for big banks such as JPMorgan Chase. Source link

Largest strike in decades leaves Germany at a standstill By Reuters
Stock Market

Alcoa stock gets 3rd rating cut in a month on soft aluminum forecasts By Investing.com

© Reuters. Alcoa (AA) stock gets 3rd rating cut in a month on soft aluminum forecasts Alcoa (NYSE:) stock received a downgrade today at JPMorgan

AT&T cut at JPM as it faces marginally more pressure and
Stock Market

AT&T cut at JPM as it faces marginally more pressure and ‘unquantifiable, long-term overhang’ By Investing.com

© Reuters. AT&T (T) cut at JPM as it faces marginally more pressure and ‘unquantifiable, long-term overhang’ AT&T (NYSE:) was cut to Neutral from Overweight with

Britain's John Lewis has lost its soul, says Mary Portas By Reuters
Stock Market

SEC fines Cantor Fitzgerald over repeated failure to identify large traders By Reuters

© Reuters. FILE PHOTO: People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C., U.S., May 12, 2021. REUTERS/Andrew Kelly/File

China's BYD says H1 net profit could more than triple By Reuters
Stock Market

China’s BYD says H1 net profit could more than triple By Reuters

© Reuters. FILE PHOTO-Security guards stand at the BYD booth at the Auto Shanghai show, in Shanghai, China April 19, 2023. REUTERS/Aly Song/file photo HONG

Nervousness over banks sends euro 1% lower despite PMI By Reuters
Finances

Brazil retail sales down for the first time in nine months By Reuters

© Reuters. FILE PHOTO: A salesman is seen at his vegetable stand at the supply centre (CEASA) in Brasilia, Brazil May 9, 2023. REUTERS/Adriano Machado

And let there be calm By Reuters
Stock Market

Citigroup profits slip on dealmaking slowdown, staff reduction costs By Investing.com

© Reuters. Investing.com — Citigroup (NYSE:) has reported a fall in second-quarter profits as a slowdown in dealmaking that hit its investment banking unit countered

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,

Eli Lilly to Acquire  Versanis Bio, Maker of Obesity Treatment
Business

Eli Lilly to Acquire Versanis Bio, Maker of Obesity Treatment

Versanis shareholders could receive as much as $1.925 billion in cash, which will consist of an upfront payment and additional payments if certain milestones are

Highly shorted Nikola jumps as retail army scoops up shares after BayoTech deal By Reuters
Stock Market

Highly shorted Nikola jumps as retail army scoops up shares after BayoTech deal By Reuters

© Reuters. FILE PHOTO: Logo of U.S. truckmaker Nikola is pictured at the IAA Transportation fair in Hanover, Germany, September 19, 2022. REUTERS/Fabian Bimmer/File Photo