GM CEO Barra at bargaining table for talks with UAW: sources
General Motors Co Chief Executive Mary Barra and President Mark Reuss took part in contract talks with the United Auto Workers union on Tuesday in a sign that a 30-day-long strike of 48,000 U.S. hourly workers could be nearing an end, two people brief…
Wall Street rises after upbeat start to earnings season
Wall Street was off to a strong start on Tuesday as upbeat earnings reports from JPMorgan Chase, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on corporate America.
HSBC taps Lazard to sell French retail business: source
HSBC Holdings has hired U.S. investment bank Lazard Ltd to sell its French retail business, a source close to the matter told Reuters, as part of a plan by new interim chief executive Noel Quinn to reduce costs across the banking group.
Wall Street opens higher on upbeat start to earnings
U.S. stocks opened higher on Tuesday, as strong earnings reports from JPMorgan Chase, UnitedHealth and Johnson & Johnson allayed concerns about the fallout from a prolonged U.S.-China trade war on corporate America.
Goldman profit falls short on weak underwriting, M&A advisory
Goldman Sachs Group Inc missed Wall Street’s estimates for quarterly profit on Tuesday as global economic worries dampened appetite for deals and share sales.
Banks reap $1 billion from U.S. mortgage bond trading boom
Global banks earned $1 billion from trading government-backed U.S. mortgage securities in the first half of 2019, data shows, a fivefold increase on last year for what industry sources say is the fastest growing revenue source in investment banking.
Intel buys software business from Canada’s Pivot Technology in 5G push
Intel Corp has agreed to purchase a software business from Toronto-based Pivot Technology Solutions Inc for $27 million, the U.S. chipmaker said on Tuesday.
BlackRock beats profit estimates as assets swell to nearly $7 trillion
BlackRock Inc , the world’s largest asset manager, exceeded analysts’ estimates for quarterly profit on Tuesday, as investors poured money into its fixed-income funds and cash management business amid worries about global growth.
Oil prices steady on trade war jitters but OPEC hints supply restraint
Oil prices steadied on Tuesday after two days of losses amid U.S.-China trade talks which have investors on edge, but OPEC said it hoped to balance markets beyond 2020 in a sign of possible further supply curbs.
Consumer banking powers Citigroup’s profit beat
Citigroup Inc reported higher-than-expected earnings on Tuesday off the back of its global consumer business, showing consumer spending and sentiment remain high.
