Goldman Sachs posted Friday third-quarter results that exceeded analysts’ expectations, as investment banking revenue surged nearly 90%, and the bank reaped record fees from equities financing. Here are the numbers: Earnings: $14.93 a share vs. $10.18 consensus estimate, according to Refinitiv Revenue: $13.61 billion vs. $11.68 billion consensus estimate Profit
The bitcoin futures ETF from ProShares will begin trading next week, an amended filing from the company indicated late Friday, marking a milestone moment in the development of the crypto industry in the United States. The Securities and Exchange Commission had not formally approved the creation of bitcoin futures ETF
Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters U.S. stock futures were higher on Thursday as investors bought back into stocks linked to the economic recovery. Futures are likely to be volatile as quarterly earnings season ramps up with several banks reporting Thursday
The S&P 500 churned Wednesday as investors digested fresh inflation data and third-quarter earnings reports. The broad index traded near the flatline after fluctuating between gains and losses. The Dow Jones Industrial Average shed about 120 points, or 0.4%. The Nasdaq Composite bucked the trend and ticked up 0.4%. The
JPMorgan Chase on Wednesday posted third-quarter results that exceeded expectations on a $1.5 billion boost from better-than-expected loan losses. The gain came after the bank released $2.1 billion in reserves and had $524 million of net chargeoffs in the quarter, New York based JPMorgan said in a release. The bank
SINGAPORE — Shares in Asia-Pacific traded mixed on Wednesday morning as investors in Asia-Pacific looked ahead to the release of Chinese trade data for September. In Japan, the Nikkei 225 slipped 0.18% while the Topix index dipped 0.28%. Mainland Chinese stocks were mixed, with the Shanghai composite fractionally lower while
People wear face masks outside a supermarket on the Upper West Side in New York City. Noam Galai | Getty Images Central banks such as the Federal Reserve should be prepared to tighten policy in case inflation gets out of control, the International Monetary Fund warned in a report Tuesday.