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JPMorgan Chase posts record profit as the bank’s massive scale pays off

JPMorgan Chase on Wednesday posted record quarterly and annual earnings and revenue, reinforcing the company’s status as the biggest and most profitable bank…
Investing

Target says its holiday sales were better than expected — but its profits weren’t

Target raised its fourth-quarter sales forecast Thursday after more consumers turned to its stores and website for holiday shopping — particularly on days…
Economy

ECB should not rush rate cuts, Nagel says

FRANKFURT (Reuters) – The European Central Bank should not rush to lower interest rates because inflation remains high and uncertainty great, ECB…
Economy

Analysis-Corporate hedging to save debt costs may have worsened 10yr sell-off

By Shankar Ramakrishnan and Davide Barbuscia (Reuters) – A sell-off in U.S. Treasury markets in recent weeks was likely made worse by…
Economy

Futures edge higher with all eyes on Trump inauguration

(Reuters) – U.S. stock index futures edged up on Friday, with the S&P 500 and the Dow looking set to log their…
Economy

Factbox-US stock performance on dates of presidential inaugurations

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Investors will closely monitor stock markets on Tuesday, the day after Donald Trump is…
Economy

Displaced Los Angeles homeowners face price gouging after wildfires

By Dawn Chmielewski LOS ANGELES (Reuters) – Jay Gilberg bought a five-bedroom, 4,800-square-foot (446-sq-meter) home in the Los Angeles neighborhood of Pacific…
Stock

Amazon stock target raised at BMO on strong AWS outlook

Investing.com — BMO Capital raised its target for Amazon (NASDAQ:AMZN) to $265 from $236 in a note Friday, citing a robust outlook for…
Stock

Sweden’s Saab posts higher-than-expected organic sales growth for 2024

COPENHAGEN (Reuters) – Swedish defence equipment maker Saab said on Friday it expected an organic sales growth of 23.4% for the full…
Stock

US auto safety regulator closes probe into nearly 7,000 Fisker electric SUVs

(Reuters) – The U.S. auto safety regulator closed its probe into 6,971 Fisker (OTC:FSRNQ) Ocean SUVs on Friday over inadvertent activation of…
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