Wall Street Strategists Sound Alarm on Dimmer Profit Outlook
The outlook for earnings is weakening and could remain subdued, according to strategists from Morgan Stanley to JPMorgan Chase & Co.
Glen Point Trial Casts Morgan Stanley as Hedge Fund’s Victim
Glen Point Capital co-founder Neil Phillips is the one going on trial on charges that he manipulated the foreign-exchange market on Dec. 26, 2017, but the former hedge fund executive is hoping the jury pays more attention to his alleged victim: Morgan Stanley.
Trump Says He’s Prepared to Give Evidence in UK Suit With Ex-Spy
Donald Trump said he is prepared to give evidence at a London trial as part of his legal fight over the notorious dossier that alleged ties between the Kremlin and the former US president’s successful run to the White House.
Blinken Back in Israel Amid Diplomatic Push to Contain War
US Secretary of State Antony Blinken returned to Israel Monday following talks with Arab officials, as diplomatic efforts intensify to avert a wider Middle East conflict.
Biden Cancels Colorado Economic Trip to Focus on National Security
President Joe Biden canceled a planned trip to Colorado Monday to focus on national security, the White House said in a statement, as he considers a trip to Israel.
Wealth Manager Mirabaud Plans to Triple Brazil Assets in Two Years
Swiss wealth manager Mirabaud plans to triple the amount of money it manages in Brazil in the next two years as it grows its presence in Latin America’s biggest economy.
Oil Steadies Near $91 With US Seeking to Contain Mideast Crisis
Oil held steady near $91 a barrel as traders watched for an expected ground offensive by Israel into the Gaza Strip and the US stepped up diplomatic efforts to stop the conflict spreading more widely.
Schwab’s Net Interest Revenue Falls 24% From Client Cash Moves
Charles Schwab Corp. reported Monday that its net interest revenue sank 24% to $2.2 billion from the year prior as clients moved cash into higher-yielding products.
Ambani’s Finance Unit Posts Profit Jump in Its Debut Earnings
Jio Financial Services Ltd.’s quarterly profit doubled in its first set of earnings since it was spun out of Reliance Industries Ltd. as part of founder-owner Mukesh Ambani’s plans to extend his dominance to India’s finance sector.
Ambani’s Finance Unit Posts Profit Jump in Its Debut Earnings
Jio Financial Services Ltd.’s quarterly profit doubled in its first set of earnings since it was spun out of Reliance Industries Ltd. as part of founder-owner Mukesh Ambani’s plans to extend his dominance to India’s finance sector.