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2 mins read
Weekend wrap: Nvidia’s AI-driven surge, Indian banks’ steady growth and more
Nvidia has become the world's largest company amidst an AI boom, surpassing Apple. Meanwhile, the U…
2 mins read
In the long run, rate cut by Fed will be favourable for most US banks: Moody's
"Initially, the rate cuts will be credit negative for most US banks. We expect their deposit costs …
ANI
3 mins read
4 trends to watch this bank earnings season
JPMorgan kicks off bank earnings on Friday. All eyes will be on what lower interest rates may mean …
Kaja Whitehouse
1 min read
Federal Bank's Q2 net profit rises 36% to ₹954 crore
Private sector lender Federal Bank on Monday reported a 35.54 per cent jump in standalone net profi…
PTI
11 mins read
Meet the executive tasked with Citi's hardest challenge: getting the bank's house in order
Anand Selva made his name in Citi's consumer bank. Now he runs Citi's multibillion-dollar effort to…
Hayley Cuccinello
4 mins read
Investment banking has made a multibillion-dollar rebound, but it's too early to pop the Champagne
Goldman Sachs and other banks beat Wall Street expectations thanks to dealmaking fees. Was this qua…
Hayley Cuccinello,Emmalyse Br…
3 mins read
Bank bosses aren't worried about lower interest rates — and even see some upside
Bank executives said that lower rates appear to be boosting demand for mortgages, refinancing, and …
Theron Mohamed
3 mins read
India may boost FY25 capex by 8-10% amid surging revenues and record RBI surplus, says Market Kaleidoscope report
This fiscal boost comes as India reaches a historic financial milestone. The total market capitaliz…
ANI
2 mins read
A US debt crisis will arrive sooner as banking turmoil hits the economy and federal revenue, strategist says
"The longer this goes on, the more chance there is of a mistake that somebody drops the ball betwee…
Filip De Mott
2 mins read
Conspiracy theory-fueled newspaper Epoch Times grew revenue 4x thanks to CFO's crypto crime proceeds, feds say
Federal prosecutors say Bill Guan, an executive at Trump-friendly news outlet the Epoch Times, laun…
Jack Newsham
2 mins read
Russia played a card that nearly doubled its energy revenues in February
Russia — an energy giant — has managed to circumvent Western sanctions, most recently b…
Huileng Tan
1 min read
Pakistani rupee sees highest one-day fall in 20 years
The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This …
ANI
2 mins read
Nifty, Sensex settle nearly 1% higher ahead of interim budget, US Fed interest rate decision
Benchmark equity indices, the Nifty and the Sensex, climbed nearly 1% on Wednesday on buying in HDF…
3 mins read
'Chrisley Knows Best' star Todd Chrisley ordered to pay former Georgia revenue investigator $755,000 after defamation lawsuit loss, report says
A jury this week found that the reality TV star defamed a former Georgia Department of Revenue inve…
Eve Crosbie
1 min read
Rupee touches 83.01 against dollar amid key rate hike expectations by US Fed
The rupee on Monday touched a high of 83.01 against the US dollar ahead of the key Federal Reserve …
3 mins read
RBI measures controlled inflation, but challenges remain say economists
Economists are of the view that the measures taken by the Reserve Bank of India (RBI) have controll…
2 mins read
Bank of America second-quarter earnings drop 32%, missing expectations as market sell-off takes a toll
BofA's global banking arm saw its profit fall sharply as activity slowed due to the high uncertaint…
Harry Robertson
2 mins read
A 2023 recession is 'inevitable' as the war on inflation slows down the economy, former New York Fed president says
"Much like Wile E. Coyote heading off a cliff, the US economy has plenty of momentum but rapidly di…
Ben Winck
1 min read
Morgan Stanley's 3rd-quarter earnings fall short of expectations as investment banking revenue slides 55%
Investment banking revenue dropped to $1.27 billion from $2.85 billion, with the firm pointing to a…
Carla Mozée
4 mins read
Companies are bemoaning the strongest dollar in 20 years. Here's what experts say to expect for the greenback in the next few months.
"Other central banks are not nearly as hawkish as the Federal Reserve," one currency expert said ab…