Deutsche Bank AG chief global strategist Bankim Chadha says the recent streak of marked up year-end forecasts for the S&P 500 Index by his Wall Street peers is overdue as an earnings rebound gets underway.
Goldman Sachs Group Inc. is turning to a longtime Lloyd Blankfein confidant as the Wall Street giant grapples with internal bickering and dissatisfaction in the ranks.
Billionaire Patrick Drahi declared to investors that reducing Altice France’s leverage was his “single priority” in a bid to assuage concern over the telecommunications business’s debt pile of almost $30 billion.
China has rejected recent comments from the European Union’s top trade official criticizing its economic practices, with Beijing arguing that the soaring bilateral trade deficit is the fault of the bloc’s own export controls.
Thomas and Andreas Struengmann built one of the world’s biggest fortunes over the past four decades in medicine and health care, partly due to an early bet on a maker of Covid-19 vaccines.
Brazil’s central bank said a faster pace of interest rate cuts is unlikely after it kicked off an easing cycle with a bigger-than-expected reduction of 50 basis points.
The US trade deficit shrank in June as imports slid to the lowest level since 2021, reflecting more moderate consumer demand for merchandise.
JPMorgan Chase & Co. is scaling back plans to build a team in Geneva that caters to the investment firms of wealthy families, partially reversing a strategy to serve the world’s super-rich.
Novo Nordisk A/S’s blockbuster obesity medicine Wegovy reduced the risk of heart attacks and strokes in a highly anticipated study, buoying shares of the Danish drugmaker and the US maker of a potential rival treatment, Eli Lilly & Co.
PG&E Corp. Chief Executive Officer Patti Poppe has an unconventional idea for California’s fragile power grid as climate-related disasters, wildfires and heat waves further strain it. She envisions a future where electric vehicles come to the rescue, feeding excess power back during peak demand to stave off blackouts.
