Morgan Stanley (MS) earnings Q4 2024

Ted Pick, CEO Morgan Stanley, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024.Adam Galici | CNBCMorgan Stanley on Thursday topped estimates for fourth quarter earnings and revenue as the firm's equities and fixed income traders exceeded expectations.Here's what...

Read more...

Bank of America (BAC) earnings Q4 2024

Brian Moynihan, CEO of Bank of America, speaking on CNBC's Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCBank of America on Thursday posted results that topped expectations for profit and revenue on better-than-expected investment banking and interest income. Here's...

Read more...

Prepaid payments platform Recharge raises €45M to go on M&A spree

With inflation still stubbornly high in comparison to previous years, and the siren voices of subscription services like Netflix and Spotify continuing to lure, consumers have understandably turned to alternative forms of payment to manage their household bills. As a result, online prepaid payment platforms have benefited.  That’s the bet...

Read more...

Cartier owner Richemont Q3 sales rise 10%, China weakness remains

Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France.Bloomberg | Bloomberg | Getty ImagesShares of Cartier owner Richemont jumped on Thursday after the luxury group reported a 10% increase in fiscal third-quarter sales even as...

Read more...

TSMC fourth-quarter profit beats expectations on strong AI chip demand

A logo of Taiwan Semiconductor Manufacturing Company (TSMC) is seen during the TSMC global RnD Center opening ceremony in Hsinchu on July 28, 2023. (Photo by Amber Wang / AFP)Amber Wang | Afp | Getty ImagesTaiwan Semiconductor Manufacturing Company's fourth-quarter revenue and profit beat expectations, as demand for advanced...

Read more...

UK monthly GDP data for November

The National Gallery and the church St. Martin's in the Fields at dusk. Trafalgar Square, London, UKStockcam | E+ | Getty ImagesThe U.K. economy grew at a lackluster pace of 0.1% in November, data from the Office of National Statistics showed Thursday.This compares with the 0.2% month-on-month growth expected...

Read more...