Author: Arabian Media staff
Ford’s stock turned lower after the carmaker said it would cost nearly $600,000 to fix fuel injectors on up to nearly 700,000 SUVs. Source link
Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldThe writer is a fellow at Stanford University’s Institute for Human-Centered Artificial Intelligence and the Cyber Policy Center. She is the author of ‘The Tech Coup’Look at the news cycle and it seems as if everyone is talking about AI and technology regulation. That is certainly the case in my bubble. But despite dominating headlines, technology barely ranks among voters’ top policy priorities and many politicians remain reluctant to engage with tech policy. The gap between the societal impact of…
Bank of America stuck to its financial outlook for the year as it reinforced the theme of the resilient American consumer and benefited from a flurry of trading around tariff jitters. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Profits at Goldman Sachs rose more than a fifth in the second quarter, as a surprise rally in investment banking added to a record period for the US bank’s equity traders. The Wall Street group comfortably beat estimates with net income of $3.7bn for the three months to the end of June, up from $3bn a year ago.Equities traders put in a record performance for the second quarter in a row, generating $4.3bn in revenues. The business was aided by big market moves following…
Johnson & Johnson’s stock gets a boost from an earnings beat and raised full-year outlook. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Morgan Stanley reported a 15 per cent increase in second-quarter profits, boosted by higher revenues at its flagship wealth management business and gains at its trading division. The bank on Wednesday reported net income of $3.5bn for the three months to the end of June, beating analyst estimates of $3.2bn. The Wall Street bank said its wealth management business, which has about $6tn in client assets, was boosted by “higher levels of client activity” during the quarter, with revenues at the division…
It seemed that nothing could end the U.S. currency’s reign as the “safe-haven” for financial markets. Then came the Trump tariffs. Source link
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bank of America notched up better than expected profits in the second quarter as the US lender expanded its deposit base and loan book and benefited from robust Wall Street trading activity. The group’s net income rose about 3 per cent to $7.1bn in the second quarter, exceeding analyst expectations of $6.8bn. Revenues rose 4 per cent to $26.5bn, slightly missing forecasts of $26.7bn. Revenues at the retail bank rose 6 per cent to $10.8bn as the group grew its deposit base…
These moves give you a fighting chance against your smarter, faster and cheaper workplace rival. Better start now. Source link
Jim Chanos made his name and reputation by shorting Enron shares before it went belly-up in America’s biggest bankruptcy in 2001. Now he has the premium of MicroStrategy to the bitcoin that it holds in his crosshairs. Source link