Bank of America beats on bond trading boost
Bank of America Corp beat analysts’ estimates for quarterly profit on Wednesday, as the second-biggest U.S. lender’s bond trading division posted a strong showing, eclipsing declines at its three other major businesses.
PNC Financial quarterly profit beats on higher loan growth
PNC Financial Services Group Inc on Wednesday posted a better-than-expected fourth-quarter profit, driven by growth in its loan book.
Target’s holiday comparable sales rose marginally, shares tank
Target Corp on Wednesday missed its own expectations for 2019 holiday season sales, blaming weakness in toys and electronics sales for growth of just 1.4% that sent shares in the retailer sharply lower.
BlackRock profit beats as exchange-traded funds boom
BlackRock Inc , the world’s largest asset manager, beat analysts’ estimates for quarterly profit on Wednesday, as more money rolled into its cash management business and exchange-traded funds amid concerns of slowing global growth.
Record high stocks pause to gauge China-U.S. trade outlook, company earnings
World stocks eased off record highs on Wednesday and U.S. and German bond yields slipped, as euphoria over a U.S.-China trade deal was tempered by U.S. Treasury Secretary Steven Mnuchin saying tariffs on Chinese goods would remain in place for now.
U.S. judge hears closing arguments in T-Mobile/Sprint merger trial
U.S. wireless carriers T-Mobile US Inc and Sprint Corp are expected to urge a federal judge on Wednesday to let them proceed with their $26.5 billion merger, as a group of states argues the deal violates federal antitrust laws.
BofA gives Saudi Aramco ‘neutral’ rating, 36 riyal price target
BofA Global Research started its coverage of Saudi Arabia’s state oil giant Saudi Aramco with a ‘neutral’ rating on Wednesday, setting a price target of 36 riyals ($9.60) per share and saying its fundamentals were now “fully priced”.
UnitedHealth quarterly profit beats expectations driven by Optum strength
UnitedHealth Group Inc reported a better-than-expected quarterly profit on Wednesday, as the largest U.S. health insurer benefited from higher revenue from its Optum unit, which includes its pharmacy benefits management business.
Timeline: Key dates in the U.S.-China trade war
U.S. President Donald Trump and Chinese Vice Premier Liu He
Amazon orders electric vans from Deutsche Post’s StreetScooter
Amazon.com has ordered 40 electric vans from Deutsche Post’s StreetScooter unit for deliveries in the German city of Munich as part of the plan to be carbon neutral by 2040, the online retailer said on Wednesday.
