(Reuters) – Goldman Sachs is tapping several executives to lead its prized Wall Street businesses, it said on Tuesday, as part of a management reshuffle less than a week after reporting its biggest quarterly profit in more than three years. The move comes at a time the investment bank is preparing for a flurry of …
Goldman Sachs promotes several executives to reinforce Wall Street dominance Read More »
By Svea Herbst-Bayliss NEW YORK (Reuters) – Cristiano Guerra, who has been instrumental in determining the outcome of some of the America’s most hotly contested board battles as head of special situations research at Institutional Shareholder Services, is leaving the proxy advisory firm, sources familiar with the move told Reuters. Guerra will join Strategic Governance …
ISS’ Guerra to leave proxy advisory firm and join Strategic Governance Advisors Read More »
(Reuters) – The pace of U.S. upstream public-to-public mergers could slow in 2025 from their recent average of five per year along with a fall in deal sizes, according to a report from energy analytics firm Enverus that was released on Tuesday. The consolidation trend in the U.S. energy sector, which triggered deals amounting to …
US energy mergers may slow in 2025 as deal sizes shrink, says Enverus Read More »
By Akash Sriram (Reuters) – Lonestar Data Holdings is reaching for the moon in its quest to place the first physical data center on the lunar landscape. The space startup will use SpaceX’s Falcon 9 rocket to launch a fully assembled data center late next month by integrating it with Intuitive Machines’ moon lander, Athena, …
Lonestar’s moonshot: Firm aims to place data center on lunar surface Read More »
(Reuters) – Brokerage firm Charles Schwab said on Tuesday that its profit rose 44% in the fourth quarter driven by a jump in asset management fees, sending its shares up more than 6% in premarket trading. WHY IT’S IMPORTANT The results are the first under new CEO Rick Wurster’s watch and could set the tone …
Charles Schwab’s fourth-quarter profit soars on higher asset management fees Read More »
(Reuters) – Fifth Third Bancorp reported a rise in fourth-quarter profit on Tuesday, driven by a recovery in dealmaking across the industry and higher wealth and asset management fees. Shares of the lender were up 1.5% in premarket trading. They had jumped 22.6% in 2024. Banks have benefited from a resurgence in dealmaking activity, fueled …
Fifth Third Bancorp’s quarterly profit rises on fee income boost Read More »
By Tom Westbrook SINGAPORE (Reuters) – The headline hit screens at the quietest time of day for trading Canadian dollars: U.S. President Donald Trump was thinking about imposing a 25% tariff on Canadian goods in just over a week’s time. Within seconds the loonie – the foreign exchange market’s nickname for the Canadian dollar after …
A look at the day ahead in U.S. and global markets from Mike Dolan Likely a taste of things to come, stock and currency markets were knocked back and forth on the first day of Donald Trump’s new presidency as they second guessed his trade tariff plans and remained largely in the dark on the …
Morning Bid: ‘Stop-Go’ Trump tariff trades whiplash dollar Read More »
By Marwa Rashad DAVOS, Switzerland (Reuters) -Saudi oil giant Aramco’s Chief Executive Amin Nasser said on Tuesday he sees the oil market as healthy and expects an additional 1.3 million barrels per day of demand this year. Speaking to Reuters on the sidelines of the World Economic Forum in Davos, Nasser was responding to a …
Exclusive-Aramco chief expects additional oil demand of 1.3 million bpd this year Read More »
By Helen Reid LONDON (Reuters) – Investors have high hopes for Burberry to start showing signs of progress in its turnaround when the British luxury brand reports sales for the crucial festive season this Friday. Joshua Schulman, who took the reins as CEO six months ago, has promised to build the brand back and reclaim …
Burberry investors watch for signs of sales turnaround Read More »
