Robo-advisor Betterment settles tax charges with SEC for $9 million
Robo-advisor firm Betterment agreed on Tuesday to settle charges with the U.S. Securities and Exchange Commission for $9 million over…
Morgan Stanley tops estimates on better-than-expected bond trading revenue
Morgan Stanley on Wednesday topped estimates for first-quarter profit and revenue on better-than-expected trading results. Here’s how the company did:…
‘We should be worried’: Finance leaders warn rising interest rates are squeezing low-income countries
Leaders of several global financial bodies warned that rising interest rates are increasing pressure on low-income developing countries, around 60%…
UK inflation rate surprises again with March figure holding above 10%
U.K. inflation unexpectedly remained in double-digits in March as households continued to grapple with soaring food and energy bills. The…
Bank of America customers are spending more and that’s supporting U.S. employment, CEO says
Bank of America‘s customers are spending freely on dining, entertainment and other experiences, which in turn supports U.S. employment, CEO…
Bank of America CEO Brian Moynihan says he sees a relatively mild recession
Bank of America CEO Brian Moynihan said Tuesday he sees only a slight recession hitting the U.S. as consumers remain…
SEC’s Gensler in congressional hot seat today over climate change and crypto
The House Financial Services Committee will hold a hearing on oversight of the Securities and Exchange Commission this morning. Oversight hearings…
Bank of America posts first-quarter results that top expectations on higher rates
Bank of America on Tuesday reported first-quarter earnings and revenue that topped expectations on the back of higher interest rates.…
Goldman Sachs misses revenue estimates after taking $470 million hit on Marcus loans
Goldman Sachs posted first-quarter results Tuesday that missed analysts’ expectations for revenue after taking a $470 million hit tied to…
Market may ignore recession for first time since 1945, RBC’s top strategist Lori Calvasina finds
Wall Street may be ripping a page out of the post-WWII era. According to RBC Capital Markets’ Lori Calvasina, stocks…
