Conflict in the Gulf encourages oil exporters to seek alternatives to US dollar payments. ​That may benefit China, which ​pays for just 30% of its ⁠trade in yuan. Yet unless the ​People's Republic ...
Alibaba, $40 bln MiniMax and ⁠others flooded the ​market with cheap ​access to models that power agents and ​apps, turning artificial ​intelligence into a commodity. ‌But ⁠without new US chips, ...
Former CEO James Gorman single-mindedly focused the ​Wall Street titan on ​wealth management. Successor Ted Pick ⁠has reinvigorated M&A advisory and ​trading. A 27% return on ​tangible equity now ...
After selling the remains of its sneaker empire for just $39 mln, the ​company is turning itself ​into a cloud computing ...
Monte dei Paschi investors reinstated the $31 bln lender's ousted ​CEO Luigi Lovaglio. One ​interpretation is that they want ...
Boss Scott Kirby has floated ​the eyebrow-raising idea ​of a tie-up with $8 bln ⁠rival American. Some $3 ​bln of annual revenue ​uplift, after shedding ugly route overlaps, must be tempting. Shrinking ...
The $200 bln French luxury group's shares ‌fell 10% on weaker first-quarter sales. Hermès' premium valuation requires much ...
Boss Sergio Ermotti ​may want to chair the bank after leaving the ‌C-suite in late 2027, Reuters reported. That move would undermine the next CEO's authority. Yet if Switzerland boosts UBS's equity ...
Iran's grip ​on the ​oil bottleneck has seen at ⁠least one ​ship pay $2 mln to ​pass. Even if it charged a lower rate ​of $1 ...
The central bank’s crackdown on a $40 ‌bln arbitrage trade slowed the rupee’s depreciation but the Iran war ensures downward ...
Results ​due Thursday will confirm the $1.7 trln group's dominance ‌of cutting-edge AI processors. But Japan’s $16 bln bet on homegrown Rapidus and Elon Musk’s Intel tie-up show unease with the ...
JPMorgan, Wells ‌Fargo and others grew quarterly profit by 20%, on average, despite shaky geopolitics and ample ​balance ...