Today: September 21, 2024
Today: September 21, 2024

Latest From Manya Saini

Business|Economy|Finance|News

Wells Fargo's latest regulatory rebuke may prolong asset cap punishment, analysts say

Wells Fargo's latest regulatory rebuke for insufficient efforts to combat money laundering will probably prolong another ongoing major regulatory punishment

Wells Fargo's latest regulatory rebuke may prolong asset cap punishment, analysts say
Business|Finance

Goldman to lay off a few hundred employees in annual talent review, source says

Goldman Sachs is planning to cut a few hundred jobs as part of an annual review process aimed at low performers, a person familiar with the matter told Reuters on Friday.

Goldman to lay off a few hundred employees in annual talent review, source says
Business|Finance

Affirm soars as BNPL lender aims to turn profit ahead of Street targets

Affirm shares rose 33% on Thursday after the buy-now-pay-later lender trounced estimates for quarterly results and said it expects to be profitable by the fourth quarter of

Affirm soars as BNPL lender aims to turn profit ahead of Street targets
Business|Finance|Technology

US SEC threatens to sue NFT marketplace OpenSea, CEO says

The U.S.

US SEC threatens to sue NFT marketplace OpenSea, CEO says
Business|Finance|Technology

Robinhood results beat estimates on meme-stock, crypto-trading boom

Robinhood beat Wall Street expectations for second-quarter earnings on Wednesday, as interest in meme stocks and cryptocurrencies soared, and said it continued to gain retail

Finance|Stock Markets

Robinhood's second quarter to benefit from meme stock revival, crypto trading

Wall Street expects Robinhood's revenue to hit record highs in the second quarter as retail investors flock to its commission-free app to trade so-called 'meme stocks' and

Robinhood's second quarter to benefit from meme stock revival, crypto trading
Business|Economy|Finance

US regional banks' Q2 profits squeezed by deposit costs, tepid loan demand

Several U.S. mid-sized and regional banks reported a fall in their second-quarter profit, as income from charging customers interest was squeezed by higher deposit costs and

US regional banks' Q2 profits squeezed by deposit costs, tepid loan demand
Business|Economy

US regional banks to face increased scrutiny as CRE exposure stifles buybacks

U.S. regional banks will probably stockpile more rainy-day funds and stay conservative on stock buybacks as losses from commercial real estate (CRE) loans are expected to

US regional banks to face increased scrutiny as CRE exposure stifles buybacks
Business|Economy

BlackRock launches stock ETF with 100% downside hedge

BlackRock has launched a 'buffer' exchange-traded fund that seeks to offer a 100% downside hedge to risk-shy investors looking to tap the equity markets, the world's largest

BlackRock launches stock ETF with 100% downside hedge
Business|Technology

Cybersecurity startup Huntress valued at over $1.5 billion after latest funding

Huntress, the small business-focused cybersecurity startup founded by former hackers for the U.S. government, was valued at over $1.5 billion after raising $150 million in

Business

Robinhood hits over 2-year high as credit card launch fuels investor euphoria

Shares of Robinhood Markets jumped on Wednesday after the financial technology firm launched a credit card, as it expands its product offerings in order to reduce its

Robinhood hits over 2-year high as credit card launch fuels investor euphoria
Business

US banks to see modest hit from deal to lower swipe fee by Visa, Mastercard

U.S. banks could see a modest hit to their earnings due to the $30 billion settlement to limit credit and debit card fees for merchants by payments networks Visa and

US banks to see modest hit from deal to lower swipe fee by Visa, Mastercard
Business

US bank shares set for more gains on loan growth hopes from rate cuts

U.S. bank stocks extended their rally before the bell on Friday, cheered by the prospect of higher loan growth and lower deposit costs after the Federal Reserve's dovish

US bank shares set for more gains on loan growth hopes from rate cuts
Business

Morgan Stanley's 14 years under James Gorman: a timeline

Morgan Stanley on Wednesday named insider Ted Pick as its chief executive officer, replacing long-time leader James Gorman, who will become the investment bank's executive

Morgan Stanley's 14 years under James Gorman: a timeline
Business|Economy|Technology

US business owners seek higher insurance coverage as AI, election risks loom, survey shows

Artificial intelligence and U.S. election have emerged as significant risks to businesses this year with an overwhelming 80% of owners worried their insurance will not cover

US business owners seek higher insurance coverage as AI, election risks loom, survey shows
Business|Economy|Technology

Robinhood bets big on crypto with $200 million deal for Bitstamp

Trading platform Robinhood Markets said on Thursday it has agreed to buy crypto exchange Bitstamp for about $200 million in cash, speeding up a broader push into digital

Robinhood bets big on crypto with $200 million deal for Bitstamp

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