JPMorgan Chase delivered profit that exceeded analysts’ estimates for the fourth quarter ended December 31, driven by traders who cashed in on volatile markets, though the largest U.S. bank absorbed a $2.2 billion provision tied to its credit card partnership…
Sanofi will buy Dynavax Technologies for around $2.2 billion, the French drugmaker announced Wednesday. The deal hands Sanofi an approved hepatitis B vaccine in the U.S. and a promising experimental shingles shot that could shake up the market. It’s been…
Oil prices crept higher Tuesday. Not by much, but enough to keep traders guessing about where things go from here. Brent crude added 22 cents to reach $62.29 a barrel by early afternoon ET (1813 GMT). West Texas Intermediate climbed…
Italy’s competition authority AGCM hit Apple with a 98.6 million euro fine on Monday, equivalent to $115.53 million. The U.S. technology giant and two of its divisions now face penalties for what regulators call an abuse of their dominant position…
Elon Musk reached an unprecedented $700 billion net worth after Delaware’s Supreme Court restored his previously voided Tesla stock options, making him the first person in history to achieve this financial milestone. The ruling reinstated the valuable compensation package that…
Stellantis boss Antonio Filosa has come out swinging against Brussels’ latest plan for Europe’s car industry. The CEO told the Financial Times on Saturday that the European Union’s new package puts billions in manufacturing investments at serious risk across the…
Morgan Stanley has emerged as the clear favorite to handle SpaceX’s massive initial public offering, three people with direct knowledge of the matter told Media. The bank’s relationship with CEO Elon Musk, built over 15 years of major deals, puts…
Nvidia made waves Monday with its acquisition of SchedMD, a specialized AI software firm that’s been quietly powering some of the world’s biggest computing operations. The chip designer isn’t just collecting companies—it’s building defenses against rising competition that threatens to…
Citigroup pegged the S&P 500 index at 7,700 for year-end 2026 on Friday, betting on robust corporate earnings and sustained tailwinds from artificial intelligence investments. The brokerage sees AI infrastructure build-out as a key theme next year, though strategists say…
China’s commerce ministry jumped into the fray Thursday, saying it actively supports consultations between Wingtech and Nexperia to end a messy corporate dispute that’s been dragging on for months. He Yadong, a spokesperson for the Chinese commerce ministry, told reporters…
The U.S. dollar took a beating on Wednesday afternoon, sliding against major peers as the Federal Reserve rolled out its widely expected rate cut. Within minutes of the announcement, the greenback tumbled 0.58% versus the Swiss franc to 0.801, while…
Elon Musk’s SpaceX wants to raise more than $25 billion next year through what could become one of history’s biggest stock market debuts. A source close to the matter told Reuters on Tuesday that the rocket-maker’s valuation might hit over…
The Federal Reserve will slash interest rates Wednesday for the third consecutive meeting, setting up a pivotal confrontation as President Trump prepares to install a new leader at the central bank. The FOMC faces deep divisions over monetary policy while…
Tuesday brought an unusual calm to currency markets as the Canadian dollar traded sideways, with investors bracing for what could reshape monetary policy in the months ahead. The Bank of Canada interest rate decision drops Wednesday, and nobody’s quite sure…
Ben & Jerry’s brand faces potential destruction under its parent company Magnum, warns co-founder Ben Cohen in stark comments to the electronic media. The warning comes as Magnum Ice Cream Company began trading on the European stock market following its…
