JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates.
U.S. Treasury Secretary Janet Yellen told lawmakers on Thursday that debt relief for poor and developing countries would be hampered without new funding, while $2.7 billion in current unmet U.S. commitments to the World Bank, International Monetary Fund and other institutions would grow.
A non-fungible token (NFT) of a digital artwork called a "CryptoPunk" sold for $11.8 million on Thursday, auction house Sotheby's said.
A week before Eli Lilly disclosed to regulators that the U.S. Justice Department was investigating its New Jersey factory, the drugmaker told employees that its own inquiry, led by an outside law firm, found no evidence of wrongdoing there, according to a company memo reviewed by Reuters.
Back-to-school sales at U.S. department stores are expected to jump about 25% from last year, as parents splurge on apparel, supplies and electronics for the new academic year when many kids return to classrooms, an industry report showed on Thursday.
Shares of Marqeta Inc, which provides payments services to customers including Uber Technologies Inc and DoorDash Inc
Gary Gensler, chair of the U.S. markets watchdog, has asked his staff to recommend rules for ensuring fair competition between exchanges and brokers, signaling a potentially major shake-up for the U.S. equities markets.
Morgan Stanley appointed several executives from E*Trade to senior roles on Wednesday in a leadership shuffle that brings leaders from the online broker into the top ranks of the firm's wealth management division, according to a memo seen by Reuters.
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Hong Kong-listed Chow Tai Fook Jewellery Group Ltd reported a forecast-beating 108% jump in annual profit on Tuesday, thanks to one-off COVID-19 related rent concessions, an unrealised gain on gold loans and foreign exchange gains.
Shares of Clover Health Investments Corp jumped as much as 109% on Tuesday as it became a new focus for small individual traders on social media platforms who have prompted rallies in heavily shorted U.S. stocks this year.
MicroStrategy Inc, a major bitcoin corporate backer, said on Tuesday it was offering $500 million in bonds and the proceeds will be used to buy bitcoins.
U.S. job openings surged by nearly one million to a new record high in April, while more people voluntarily left their employment, strengthening the view that a recent moderation in job growth was due to supply constraints.
The Basel Committee on Banking Supervision will consult on how lenders should shield themselves from crypto assets, the global banking watchdog said on Monday, as regulators turn up the heat on a growing but risky investment sector.
Investment firm Blackstone Group Inc said on Monday it would take data center operator QTS Realty Trust Inc private in an all-cash deal worth about $10 billion.
