Goldman Sachs Beats Earnings Estimates on Trading RevenueGoldman Sachs reported third-quarter profits and revenues that exceeded analysts' expectations due to robust trading revenue. While the bank's shares fell over 1% and are...- Credit Suisse posts massive annual lossSwiss bank Credit Suisse reported a fourth-quarter and year-end net loss on Thursday that fell short of expectations as it continued its massive restructuring. According...
- Morgan Stanley CEO Gorman Says He’s Confident Deal Activity Will Return Once the Fed PausesThe CEO of Morgan Stanley, James Gorman, said he is more confident about the markets than the rest of Wall Street and anticipates a return...
- The Fed won’t be what drives markets in 2023, wealth manager saysMarkets were moved in a significant way by the Federal Reserve in 2022, as it implemented a campaign of monetary tightening to combat high inflation...
- Credit Suisse shareholders greenlight $4.2 billion capital raiseOn Wednesday, the Credit Suisse shareholders approved a capital raise of 4 billion Swiss francs ($4.2 billion) for financing the embattled lender's extensive strategic program....
- Crypto Whale Moves $1.58B In BitcoinA cryptocurrency whale moved over 74,105 Bitcoin worth over $1.58 billion from a wallet shared on Blockchain.com. The BTCs were moved to wallets of unknown...
- Fed’s James Bullard is Confident That The Economy Can Achieve a “Soft Landing”President James Bullard of the St. Louis Federal Reserve said Tuesday that he believes the economy can avoid a recession. However, he expects the central...
- The world’s largest crypto exchange, Binance, is among the investors to bail out a $615 million heist victim.The world's largest cryptocurrency exchange Binance is leading investors' contribution to a bailout of victims involved in a $615 million digital coin theft, according to...
- Wall Street’s Rally Attempt Falters As Stocks Inch LowerWednesday's stock market fell slightly as markets struggled to sustain a rebound from earlier in the day. Additionally, traders weighed comments from Federal Reserve Chair...
- The Federal Reserve is ‘Acutely Focused’ On Reducing Inflation, Says PowellThe chairman of the Federal Reserve, Jerome Powell, reaffirmed Friday the bank's commitment to lowering inflation, saying it is essential to the global financial system's...
