Finance
Morgan Stanley revenue tops estimates, but CEO warns of geopolitical, economic risks ahead
The Morgan Stanley headquarters is seen in New York City on Jan. 17, 2023.Michael M. Santiago | Getty ImagesMorgan Stanley...
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Goldman Sachs is set to report fourth-quarter earnings — here’s what the Street expects
David Solomon, Chairman and CEO, Goldman Sachs, participates in a panel discussion during the annual Milken Institute Global Conference at...
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‘Very good chance’ that U.S. passes stablecoin laws this year, Circle CEO says
A picture taken in London shows gold-plated souvenir cryptocurrency tether, bitcoin and ethereum coins arranged beside a screen displaying a...
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Citigroup posts $1.8 billion fourth-quarter loss after litany of charges
Citigroup on Friday posted a $1.8 billion fourth-quarter loss after booking several large charges tied to overseas risks, last year's...
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Bill Ackman is creating an activist organization to fight antisemitism, reform higher education
Hedge fund billionaire Bill Ackman, who recently fought a high-profile battle against Harvard University, said Friday that he's starting an activist...
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Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net...
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Why spot ETFs may be a game changer for bitcoin
The Securities and Exchange Commission's approval of 11 spot bitcoin ETFs this week could be a turning point for cryptocurrency...
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Bank of America shares fall after company reports lower fourth-quarter profit, hit by regulatory charge
Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges.Here's what the...
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Deflation: Here’s where prices fell in December 2023, in one chart
Extreme-photographer | E+ | Getty ImagesAs inflation continues to throttle back across the broad U.S. economy, some consumer categories have...
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Citigroup is cutting 10% of its workforce in CEO Jane Fraser’s corporate overhaul
Jane Fraser, Citi, at WEF, Davos, Jan. 17, 2023.Adam Galica | CNBCCitigroup said it was cutting 10% of its workforce...
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