Bank of America tops estimates on better-than-expected investment banking, interest income
The company said fourth-quarter profit more than doubled to $6.67 billion, or 82 cents per share, from a year earlier.…
Category: Economy
New Zealand won’t ‘get rich’ by focusing trade in the South Pacific alone, PM says
New Zealand is the latest country to sign an economic partnership with the United Arab Emirates. ...
Microsoft pauses hiring in U.S. consulting unit as part of cost-cutting plan, memo says
Microsoft plans to pause hiring in part of its consulting business in the U.S., according to an internal memo, as…
South Korea’s President Yoon Suk Yeol arrested as agencies probe his short-lived martial law decree
This was the second bid to arrest the impeached president, following a failed attempt on Jan. 3. ...
SEC sues Elon Musk, alleging failure to properly disclose Twitter ownership
The SEC on Tuesday filed a suit against Elon Musk, alleging the billionaire violated securities law by acquiring Twitter shares…
Meta announces 5% cuts in preparation for ‘intense year’ — read the internal memo
Meta will cut about 5% of its staff, focusing on its lowest-performing workers, CNBC confirmed. ...
Moderna stock plunges 20% after company lowers 2025 sales forecast by $1 billion
Moderna now expects 2025 revenue to come in between $1.5 billion and $2.5 billion, most of which will come in…
Biden’s total student debt relief passes $183 billion, after he forgives another 150,000 borrowers
In his final days in office, President Joe Biden announced that his administration would forgive student debt for more than…
Instagram head Mosseri says app will prioritize original content, with potential TikTok ban days away
Adam Mosseri, the head of Meta's Instagram, said the app will focus on prioritizing original and creative content in its…