By Tatiana Bautzer and Mehnaz Yasmin (Reuters) – Morgan Stanley’s profit beat estimates as growth in its wealth management business offset lower trading revenue in the second quarter, and[...]
Read more
Business
BofA profit surges on interest income, surprise investment banking gain
By Saeed Azhar and Manya Saini NEW YORK (Reuters) -Bank of America’s second-quarter profit beat Wall Street estimates as it earned more from customers’ loan payments while investment banki[...]
Read more
United Airlines grapples with pilots avoiding the captain’s chair
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines first officer Phil Anderson has turned down opportunities to be promoted to captain as he does not want the unpredictable schedule that[...]
Read more
Bank results lift stocks; Dow up for seventh straight session
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks advanced on Tuesday, partly boosted by a round of solid bank earnings which helped put the Dow on track for its longest streak of daily gain[...]
Read more
Global shares rise, dollar rebounds as Fed seen on target for rate hike
By Herbert Lash NEW YORK (Reuters) – The dollar rebounded off a 15-month low and global stock markets rose on Tuesday as upbeat earnings on Wall Street and retail sales pointing to a resilient U[...]
Read more
J&J sues in latest bid to halt Medicare drug price negotiations
(Reuters) -Johnson & Johnson sued the U.S. government on Tuesday, becoming the latest drugmaker seeking to block a program that gives the Medicare government health insurance plan the power to neg[...]
Read more
Dollar bounces from 15-month low on strong core U.S. retail sales
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar rose from a 15-month low against a basket of currencies on Tuesday after core retail sales saw strong gains in June, as investors wait on t[...]
Read more
Oil prices up on expected economic support in China, weaker US output
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed more than 1% on Tuesday after China said it will act to support economic growth in the world’s biggest oil importer and on expectations t[...]
Read more
Lockheed Martin raises full-year forecast on strong weapons demand
By Pratyush Thakur and Mike Stone (Reuters) -U.S. weapons maker Lockheed Martin on Tuesday raised its annual profit and sales outlook as conflicts such as the war in Ukraine stoked demand for military[...]
Read more