Yen weakens as risk appetite improves before trade deal
China’s yuan was slightly weaker on Tuesday after earlier hitting its highest level since July, while the Japanese yen dropped to eight-month lows before the United States and China are due to sign a preliminary trade agreement to ease their 18-month o…
Delta beats profit forecast on strong demand as rivals battle 737 MAX crisis
(This Jan. 14 story corrects reference in paragraph 12 to ‘$4.2 billion’ from ‘$4.2 million.’)
Former Stobart boss Tinkler sells stake in company
Former boss and the fifth-largest shareholder of Stobart Group Ltd William Andrew Tinkler dissolved his stake in the infrastructure and support services company, according to a regulatory filing published on Tuesday.
Citigroup beats estimates on credit card, trading revenue growth
Citigroup Inc beat analysts’ estimates for fourth-quarter profits on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.
Wall Street opens flat after mixed big bank results
Wall Street opened largely flat on Tuesday, as investors took a breather following a record rally on optimism over the U.S.-China trade dṅeal, while big U.S. banks reported mixed quarterly results.
Wells Fargo’s new chief promises more change as profit slumps
Wells Fargo & Co’s profit slumped 55% in the fourth quarter as new boss Charles Scharf set aside another $1.5 billion for legal costs related to the bank’s sales scandal and promised “fundamental changes.”
JPMorgan posts record annual profit as bond trading rebounds
JPMorgan Chase & Co posted its biggest-ever annual profit on Tuesday as its bond trading business bounced back in the last three months of the year, setting an upbeat tone for the big U.S. banks reporting this week.
U.S. consumer prices rise slightly; underlying inflation muted
U.S. consumer prices rose slightly less than expected in December and monthly underlying inflation pressures retreated, which could allow the Federal Reserve to keep interest rates unchanged at least through this year.
Citigroup profit rises 15% as credit card, trading revenue jump
Citigroup Inc reported a 15% jump in fourth-quarter profit on Tuesday, driven by higher credit card and trading revenue, as well as a lower tax bill.
Wells Fargo quarterly profit slumps 55%
Wells Fargo & Co reported a 55% fall in quarterly profit on Tuesday, as it struggled to grow in a lower interest rate environment and saw a surge in cost stemming from the regulatory fallout of a series of sales scandals.
