Morgan Stanley profit drops 14% as deal drought persists
Morgan Stanley’s profit slipped 14% in the second quarter from a year earlier as a deal-making slump persisted, while trading in stocks and bonds weakened. Revenue
Bank of America profit beats on boost from interest income, investment banking
Bank of America beat Wall Street estimates for second-quarter profit on Tuesday as it earned more from customers’ loan payments, while its investment banking business and
GM can’t build or deliver new vehicles fast enough, exec says
General Motors is seeing strong demand for many of its U.S. vehicles, but can’t deliver them to dealers fast enough, one of the company’s top
Bumper year for annuities boosts UK insurer Just Group
British insurer Just Group said on Tuesday it had been boosted by bumper sales of retirement income products so far this year as rising interest rates
Britain opens small nuclear reactor competition, launches new nuclear body
Britain on Tuesday opened a competition to develop small modular nuclear reactors (SMRs), such as those being developed by Rolls-Royce, as it launched its new
India ties up with UAE to settle trade in rupees
India has signed an agreement with the United Arab Emirates that will allow it to settle trade in rupees instead of dollars, boosting India’s efforts
Tesla builds first Cybertruck after two years of delays
Tesla built its first Cybertruck at the electric-vehicle marker’s plant in Austin, Texas, the company said in a tweet on Saturday, after two years of delays.
Oil down 1% on weak China GDP data, resumption of Libya output
Oil prices extended their decline into a second session on Monday after China’s second-quarter growth came in weaker than expected, fuelling concern about demand in
US working with India on platform to speed energy transition – Yellen
The United States is working with India to develop an investment platform to lower the cost of capital and increase private investment to fast-track India’s
Open-source AI model creator Nomic raises $17 million led by Coatue
AI startup Nomic has raised $17 million in a new funding round from investors led by Coatue, the companies told Reuters. The investment valued New
