The latest earnings may not reflect recent market volatility ushered in by the Trump administration’s sweeping tariffs.
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Dealmaking-related revenue at a handful of major investment banks collectively rose 27% year-over-year in the first quarter.
In the first three months of the year, the investment bank scored a 16% jump in revenue and $4.1 billion in net income, a 28% rise.
The bank plans to take its profits off the table and repurpose them for new investments — primarily in energy and firms listed in Japan.
Goldman Sachs’ $4.6 billion profit shows you can navigate tough times, as long as you have the brightest minds in finance at your disposal.
The industry is taking advantage of banks’ newfound interest in offloading some of the consumer debt on their books.
For the first time in exactly 10 years, Wall Street dealmakers will fall short of facilitating at least $3 trillion worth of deals.
The Budget Lab projects that, with the current tariff levels, US and Chinese economies would both be 0.6% smaller in the long run.
As the world of high finance ushers in an era of AI, the SEC has begun investigating how investment advisory firms use the technology.
Top bosses from eight major financial institutions appeared before a Senate committee to give their opinion on looming banking reforms.
After 10 months of slower-than-anticipated deal flow, bankers are expecting less-than-stellar year-end holiday bonuses.
Advisors are calling for an economic slowdown. The million-dollar question is how hard it will hit.
Hedge funds are still all in on the AI boom that drove the Magnificent Seven’s gains, they just think it’s creating value elsewhere now.
Punxsutawney Phil may see six more weeks of winter, but hedge funds aren’t waiting to emerge from their bearish slumber.
Wall Street ended 2024 on a high note, providing investors with a sigh of relief as we enter the new year.