Billionaire Elon Musk reportedly plans to contribute around $45 million monthly to a new pro-Trump super political-action committee, according to the Wall Street Journal on Monday, citing sources familiar with the matter.
More
Goldman Sachs‘ (GS.N) profit more than doubled in the second quarter, surpassing analysts’ expectations due to strong debt underwriting and fixed-income trading. However, this marked a decline from the previous quarter’s peak
More
Assets managed by BlackRock hit a record $10.65 trillion in the second quarter, driven by rising client asset values and strong inflows into the company’s exchange-traded funds, the world’s largest asset manager
More
Major Gulf stock markets ended higher on Monday, buoyed by steady oil prices and the commencement of quarterly earnings reports. Meanwhile, investors evaluated the impact of an assassination attempt on U.S. presidential
More
Citigroup (C.N) exceeded Wall Street expectations for second-quarter profit on Friday, driven by a rise in investment banking, markets, and services revenue. However, shares fell 2% due to investor concerns about expenses,
More
European shares advanced on Friday, marking a second consecutive week of gains driven by optimistic investor sentiment and positive earnings reports, amidst expectations of a Federal Reserve interest rate cut in September.
More
Top U.S. independent oil producer ConocoPhillips (COP.N) announced on Friday that it received a second request for information from the U.S. Federal Trade Commission (FTC) regarding its proposed acquisition of Marathon Oil
More
Geopolitical conflicts pose the greatest risk to the global economy, according to central bank reserve managers, despite their generally positive economic outlook. This finding comes from an annual UBS Asset Management survey
More
JPMorgan Chase, the largest U.S. bank, is aiming to expand its consumer deposits to 15% of the national total, according to Marianne Lake, CEO of consumer and community banking. As of June
More
Stock markets in the Gulf ended subdued on Wednesday ahead of the quarterly earnings season as oil prices declined. However, the growing anticipation of imminent U.S. rate cuts improved sentiment. Saudi Arabia’s
More