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The world's money news right now: markets, the economy, the companies and the deals moving capital across every continent today.
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IBM stock crashes after major warning -- here's what Wall Street is doing next
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IBM Stock Dives After Releasing 'Disappointing' Preliminary Earnings
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JPMorgan Earns $21.2 Billion as Dimon Warns of 'Tectonic' Risks
JPMorgan posted a record $21.2 billion quarterly profit driven by an 86% surge in equity trading, but CEO Jamie Dimon cautioned th…
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Goldman Sachs profit surges 78% as equity trading, M&A rebound
Goldman Sachs crushed second-quarter expectations as a resurgence in dealmaking and equity trading driven by AI-related capital ra…
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Australia extends data-sharing rules to non-bank lenders
Australia will require non-bank lenders to share product data through its open banking framework, intensifying competition in the …
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Big Banks Smash Earnings Records, but ‘Tectonic’ Risks Loom
The largest banks in the United States collectively raked in tens of billions of profits in the second quarter, despite the war in…
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Google's Decade Under Pichai Yields 11x Return Amid Capex Fears
A decade of leadership by Sundar Pichai has turned a $10,000 investment in Alphabet into nearly $117,000, but a $180 billion capit…
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IBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations
CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware pur…
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Falling Black women's unemployment hides 212,000 job losses
A drop in Black women's unemployment to 5.73% masks a 212,000 decline in actual employment, signaling that headline US labor metri…
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Seven Banks Act on Robinhood as Chain Volume Surges to $877M
Seven financial institutions adjusted their positions on Robinhood Markets ahead of second-quarter earnings, driven by a sudden ex…
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Raymond James $10.5 trillion SpaceX target fuels bubble debate
A Raymond James analyst's $800 price target on newly public SpaceX, implying a $10.5 trillion valuation, highlights the extreme op…
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Gold Plunges 23% During Iran Conflict, Breaking Safe-Haven Rule
The traditional flight to bullion and defense stocks failed as markets appeared to price in geopolitical risk long before the Iran…
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JPMorgan Chase profit hits $16.9 billion in the second quarter, boosted again by market volatility
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United States' $39 trillion national debt will mean fewer jobs at lower wages for Gen Z, according to think tank
"The growing national debt will both shrink the labor market and drive down wages, contributing to an uncertain economic future fo…
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Wall Street Prepares For Five Top Banks To Report Earnings On The Same Day
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Market Digest: DAL
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Retail firepower to flood SK Hynix options debut
SK Hynix options begin trading Tuesday amid a record surge in retail capital targeting AI supply-chain bottlenecks, signaling sust…
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Chevron Entered The AI Power Business. The Oil Patch Won't Be The Same.
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JPMorgan sets US banking profit record at $21.2bn
JPMorgan Chase's record second-quarter profit signals a broad resurgence in Wall Street dealmaking driven by artificial intelligen…
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JPMorgan notches record quarter as CEO Jamie Dimon calls the banking environment 'close to as good as it gets'
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Trump's promotion of 'Freedom Fuel' gas stations sparks accusations of a double standard
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European biotech chases record VC funding
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Clothing sales fuel increase in US retail sales
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