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Finance Banking Featured News World

US bank stocks plunge as investors grow uneasy about mounting risks

U.S. bank stocks, including Zions Bancorporation, Jefferies, and Western Alliance, fell sharply on Thursday as investors grew uneasy about risk in the sector, which has been shaken by exposure to two auto bankruptcies. Zions sank 12% after disclosing it would take a $50 million loss in the third quarter on two commercial and industrial loans from […]

Economy Featured News trade

Wall Street advances as Trump cools China rhetoric

 Wall Street’s main indexes advanced on Monday following Friday’s pullback, as investors returned to risk assets after President Donald Trump’s softer tone eased concerns over renewed U.S.-China trade tensions. Aiding sentiment, U.S. Treasury Secretary Scott Bessent said in an interview with Fox Business Network on Monday that Trump was on track to meet his Chinese counterpart in […]

Finance Banking Featured News World

Barclays profit rises 23% as Trump tariff turmoil lifts trading

 Barclays first-half profit rose by a better-than-expected 23%, the British bank said on Tuesday, as its markets business reaped bumper returns from the frenzied trading activity sparked by U.S. President Donald Trump’s trade tariffs. Pretax profit for the January-June period totalled 5.2 billion pounds ($6.9 billion), above analysts’ average forecast of 4.96 billion pounds. The bank […]

Economy Featured Finance News

Goldman Sachs sees 410,000-bpd hike in OPEC+ June supply

 Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due to modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia’s ability to handle lower oil prices. The Wall Street bank expects the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to announce a […]