Wells Fargo warns of lower interest income in 2024, shares drop
By Noor Zainab Hussain, Manya Saini and Carolina Mandl (Reuters) -Wells Fargo on Friday posted higher fourth-quarter profit, beating analysts’…
Day: January 12, 2024
Microsoft edges out Apple as world’s most valuable company
By Noel Randewich (Reuters) – Microsoft’s stock market value ended a trading session higher than Apple’s for the first time…
US stock investors splurge on cheap options hedges with VIX near four-year lows
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders on Friday piled into U.S. stock options contracts that would pay…
Spot bitcoin ETF issuers compete on fees for market share
(Reuters) -A raft of investment managers launched the first U.S. spot bitcoin exchange-traded funds (ETF) Jan. 11, in a milestone…
JPMorgan’s annual profit surges to record even as quarterly net income dips
By Niket Nishant and Nupur Anand (Reuters) – JPMorgan Chase reported its best-ever annual profit and forecast higher-than-expected interest income…
UnitedHealth shares fall as higher medical costs eclipse profit beat
By Bhanvi Satija and Christy Santhosh (Reuters) -UnitedHealth shares fell 4% on Friday after medical services costs at the healthcare…
Airbus lands record orders in 2023, beats Boeing on deliveries
By Joanna Plucinska and Dagmarah Mackos (Reuters) -Airbus reported record annual jet orders and confirmed an 11% rise in 2023…
Wall Street little changed after inflation, labor market data
By Chuck Mikolajczak NEW YORK (Reuters) -U.S. stocks closed little changed on Thursday as news of hotter-than-expected inflation and signs…