Jane Fraser, incoming CEO of Citigroup.CitigroupCitigroup topped expectations for first-quarter profit and revenue on better-than-expected trading results as Wall Street benefited from surging volatility tied to the Ukraine war.Shares rose 1.6% in premarket trading on the results. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts…Continue Reading

David M. Solomon, Chairman and CEO of Goldman Sachs, speaks during the Milken Institute’s 22nd annual Global Conference in Beverly Hills, April 29, 2019Mike Blake | ReutersGoldman Sachs posted first-quarter results that blew past expectations as its traders navigated a surge in market volatility sparked by the war in Ukraine.Here’s are the numbers:Earnings: $10.76 per…Continue Reading

Stock futures were little changed Thursday morning as investors digested mixed earnings results from major banks.Dow Jones Industrial Average futures rose 54 points, or 0.15%. S&P 500 futures dipped 0.1%, while Nasdaq 100 futures were flat.Major banks including Goldman Sachs, Morgan Stanley and Wells Fargo posted their first-quarter earnings on Thursday. Investors are monitoring how…Continue Reading

A screen displays the trading information for Morgan Stanley on the floor of the New York Stock Exchange (NYSE), January 19, 2022.Brendan McDermid | ReutersMorgan Stanley on Thursday reported first-quarter earnings that surpassed Wall Street expectations, thanks to the bank’s solid revenue gains from trading.Shares of the New York-based bank jumped more than 1% in…Continue Reading

Tesla Inc CEO Elon Musk attends the World Artificial Intelligence Conference (WAIC) in Shanghai, China August 29, 2019.Aly Song | ReutersElon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately, a little over a week after first revealing a 9.2% stake in the company. Musk’s…Continue Reading

A general view of the border town of Imatra, Finland March 24, 2022. Picture taken March 24, 2022. REUTERS/Essi LehtoRegister now for FREE unlimited access to Reuters.comOnce lively border crossing now almost desertedWar in Ukraine has slashed cross-border visits, tradeFinland is considering joining NATO, irking RussiaElderly residents remember Soviet invasion in WW2IMATRA, Finland, April 14…Continue Reading

A trader in London waits for European stock markets to open early on June 24, 2016, after Britain voted to leave the European Union. REUTERS/Russell BoyceRegister now for FREE unlimited access to Reuters.comLONDON, April 14 (Reuters Breakingviews) – Economic theory today is far removed from what happens in the real world. Its canonical models portray…Continue Reading

Britain’s Prince Charles and Camilla, Duchess of Cornwall, hold bouquets as they walk out of St George’s Chapel after the Royal Maundy Service at Windsor Castle, in Windsor, Britain April 14, 2022. REUTERS/Hannah McKayRegister now for FREE unlimited access to Reuters.comWINDSOR, England April 14 (Reuters) – Britain’s Prince Charles and his wife Camilla represented the…Continue Reading

The logo for Goldman Sachs is seen on the trading floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., November 17, 2021. REUTERS/Andrew Kelly/File PhotoRegister now for FREE unlimited access to Reuters.comApril 14 (Reuters) – Goldman Sachs Group Inc (GS.N) reported a 43% drop in profit but beat Wall…Continue Reading

PARIS — France’s government says it has frozen 33 properties on the French Riviera, Paris and elsewhere that belong to Russian oligarchs targeted for sanctions over the war in Ukraine.The Finance Ministry this week published an updated list of Russian-owned properties that have been frozen in France, including a luxury chateau overlooking the Mediterranean on…Continue Reading