Bank of America on Wednesday posted fourth-quarter earnings that topped analysts’ expectations on gains from net interest income and equities trading. Here’s what the company reported: Earnings: 98 cents per share vs. 96 cents expected, according to LSEG Revenue: $28.53 billion vs. $27.94 billion expected The company said profit rose 12% from a year earlier…
Faisal IslamEconomics editor Reuters Shoppers on Oxford Street during the Boxing Day sales A new year, a new beginning. The latest monthly figures on the economy hardly confirm a change of gear, but nor do they back up the worst doom-mongers claiming decline and recession. It is neither doom nor boom, but a new year…
Canada, Egypt and Turkey say they are among the countries that have been invited to join. Source link
Downtown Amsterdam Jacobh | E+ | Getty Images Euro zone inflation stood at 2% in December, flash data from Eurostat showed on Wednesday. Economists polled by Reuters had expected the inflation rate to cool to 2%, in line with the European Central Bank’s (ECB) target. In November, the inflation rate stood at 2.1%. Core inflation,…
Ascent/ Pks Media Inc. | Photodisc | Getty Images Many Social Security beneficiaries will soon receive their first benefit checks for 2026. Jan. 14 marks the earliest date beneficiaries can receive January payments, depending on the Social Security Administration’s schedule based on date of birth. Those checks will include a 2.8% benefit boost, thanks to…
Led by Texas and New Hampshire, U.S. states across the national map, both red and blue in political stripes, are developing bitcoin strategic reserves and bringing cryptocurrencies onto their books through additional state finance and budgeting measures. Texas recently became the first state to purchase bitcoin after a legislative effort that began in 2024, but…
“Hadd hai bhaiya, aap khud socho aap kya maang rahe ho!” I still remember my pleading words to a taxi driver on a hot and humid August day in Goa. The Goa trip I had been dreaming of for the longest time, I had never imagined would begin with a fight-for-my-hard-earned-money-note! I was excited about…
Getty Images The White House has announced the first members of its Gaza “Board of Peace”, and the list of names will do little to dispel the criticism from some quarters that the US president’s plan resembles, at its heart, a colonial solution imposed over the heads of the Palestinians. There are still several unknowns…
Turning crisis into opportunity was never this epic. When a Böcker Agilo forklift, built by the German company Böcker Maschinenwerke GmbH, was used in a daring daylight robbery at the Louvre Museum in Paris, the manufacturer decided not to hide from the spotlight. Instead, it embraced the unexpected publicity with humour. The company shared a…
Netflix is likely to amend its offer for Warner Bros. Discovery’s assets, making an all-cash bid, CNBC’s David Faber reported on Wednesday. In December, Netflix reached a deal to purchase WBD’s streaming platform HBO Max and the Warner Bros. film studio in a transaction comprised of cash and stock. The deal is currently valued at…