Finance
Moody’s says the banking system, private credit markets are sound despite worries over bad loans
Despite worries over bad loans at midsize U.S. banks, there's little evidence of a systemic problem, according to a senior...
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Gold’s record run could usher in biggest change ever to market’s classic 60/40 stock bond investing portfolio
The traditional 60/40 portfolio has been under attack for years, and the recent hot trades in precious metals and cryptocurrencies...
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Alibaba says its AI spending in e-commerce is already breaking even
Chinese e-commerce giant Alibaba has pledged to spend more than $50 billion on artificial intelligence over the next three years.CNBC...
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U.S. regulators toss out rules requiring banks to prepare for climate change
Michelle Bowman, vice chair for supervision at the US Federal Reserve, during the Federal Reserve Board Community Bank Conference in...
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Big banks like JPMorgan Chase and Goldman Sachs are already using AI to hire fewer people
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., at the Institute of International Finance (IIF) during the annual...
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CEOs of Wells Fargo and Pfizer caution the U.S. could lose its edge to China without innovation
Albert Bourla, CEO of Pfizer, Charlie Scharf, Wells Fargo & Company CEO and Kathy Warden, Northrop Grumman Chair & CEO...
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Bank of America tops estimates on 43% surge in investment banking revenue
Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate...
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Citi reports a rise in earnings with every business posting record third-quarter revenue
Citi is seen on the floor of the New York Stock Exchange on March 3, 2025. NYSECitigroup posted stronger-than-expected third-quarter earnings...
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JPMorgan Chase tops estimates as trading revenue hits a record of nearly $9 billion
JPMorgan Chase on Tuesday topped analysts' estimates for the third quarter as trading and investment banking generated about $700 million...
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Goldman Sachs agrees to acquire $7 billion VC firm Industry Ventures
David Solomon, chief executive officer of Goldman Sachs Group Inc., during an interview for an episode of "The David Rubenstein...
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