Davos 2023: U.S. consumers in ‘good shape’ as wages grow -BofA CEO
By Lananh Nguyen and Noor Zainab Hussain DAVOS, Switzerland (Reuters) -U.S. consumers are still in “pretty good shape,” even as…
Business
Cryptoverse: Bitcoin is back with a bonk
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin is on the charge in 2023, dragging the crypto market…
Fund manager allocation to U.S. stocks in January collapses – BofA survey
By Samuel Indyk LONDON (Reuters) – Fund managers’ allocation to U.S. equities collapsed in January, with 39% saying they had…
U.S.-China friction stokes concern among some top finance bosses
LONDON (Reuters) – The bosses of global investor Fidelity International and accountancy giant EY have voiced concerns about a fracturing…
Bitcoin rises 5.6% to $21,044
(Reuters) – Bitcoin rose 5.58% to $21,044 at 2344 GMT on Saturday, adding $1,113 to its previous close. Bitcoin, the…
Wall St banks stockpile funds, see uncertain outlook and competition for deposits
By Megan Davies and Lananh Nguyen NEW YORK (Reuters) -Wall Street’s biggest banks stockpiled more rainy-day funds to prepare for…
JPMorgan beats profit estimates, sees mild recession
By Niket Nishant and Saeed Azhar (Reuters) -JPMorgan Chase & Co, the biggest lender in the United States, said on…
Citigroup misses profit estimates on provision hike, dealmaking slowdown
By Mehnaz Yasmin and Carolina Mandl (Reuters) – Citigroup Inc reported a 21% fall in quarterly profit on Friday, missing…
Bank of America profit tops estimates as higher rates boost income
By Manya Saini and Lananh Nguyen (Reuters) -Bank of America Corp reported a bigger-than-expected fourth-quarter profit on Friday, helped by…
Wells Fargo misses profit estimate on higher reserves, scandal costs
By Noor Zainab Hussain and Hannah Lang (Reuters) -Wells Fargo & Co on Friday reported a 50% decline in profit…