Reuters US Business

By Tatiana Bautzer and Manya Saini (Reuters) -Morgan Stanley’s profit beat Wall Street estimates in the second quarter as its traders cashed in on volatile markets, but shares fell since the market opening as its investment banking revenue shrank. Stock markets swung sharply during the quarter after U.S. President Donald Trump announced sweeping tariffs against …

Morgan Stanley shares fall despite earnings beat, as investment banking revenue shrinks Read More »

By Nupur Anand NEW YORK (Reuters) -Wells Fargo is expanding its healthcare team within its commercial bank and aims to hire more people at a time when the $1.95 trillion asset cap on the bank has been lifted. In 2025, the size of the team grew by more than 30% as it added more than …

Wells Fargo expands its healthcare team, aims to hire more Read More »

(Corrects pargraph 4 to read “favorable foreign exchange” rather than “stronger dollar”) By Michael Erman (Reuters) – Johnson & Johnson reported second-quarter profit and raised its full-year sales forecast by around $2 billion on Wednesday as strong demand for its cancer drug, Darzalex, and strength in its medical device business helped it beat Wall Street …

Johnson & Johnson beats profit estimates on strong Darzalex, medtech sales Read More »

By Pritam Biswas, Nupur Anand and Arasu Kannagi Basil (Reuters) -Bank of America beat estimates for second-quarter profit on Wednesday, driven by tumultuous markets that helped its traders bring in more revenue, while its interest income also rose. Banks’ trading desks benefited from market turbulence as clients reacted to shifting U.S. trade policies and escalating …

Bank of America profit beats estimates as market turmoil boosts trading Read More »

(Reuters) -Bitmine Immersion Technologies shares jumped nearly 15% in early trading on Wednesday after tech billionaire Peter Thiel disclosed a 9.1% stake in the crypto mining and services company. Thiel has publicly praised bitcoin, a currency based on blockchain technology, and his Silicon Valley venture capital firm Founders Fund was among the early investors in …

Bitmine shares soar as billionaire Thiel reveals 9.1% stake Read More »

By Marcelo Teixeira NEW YORK (Reuters) -Crypto powerhouse Tether, the world’s largest digital assets company, is leveraging its recent acquisition of a South American agricultural firm to make a strategic play for the multi-trillion dollar a year global commodities trade. The company aims to embed its stablecoin, a digital currency pegged to the U.S. dollar …

Why crypto giant Tether bought a South American farming company Read More »