Bank of America Faces Banker Exodus Amid Intensifying Wall Street Competition
Bank of America is facing growing concerns over the departure of several senior investment bankers, prompting executives to reassure employees and reinforce the bank’s commitment to growth. Among the notable exits was veteran banker...
Albertsons Withdraws 2026 Forecasts as Grocer Launches Turnaround Plan
Albertsons (ACI.N) has withdrawn its fiscal 2026 financial forecasts as the US grocery retailer launches a comprehensive business review aimed at cutting costs, lowering prices and reversing sluggish sales. The company is facing cautious...
European Luxury Sector Loses $350 Billion as China Weakness Persists
European luxury companies have lost approximately $350 billion in combined market capitalisation since the beginning of 2026, as hopes of a sector recovery fade amid persistent weakness in China. The downturn has weighed on...
Bumble to Go Private in $1.3 Billion Deal with Ithaca Holdings
Bumble said on Tuesday it had agreed to be taken private by Ithaca Holdings in a deal valued at $1.3 billion, as the dating app seeks to revive growth amid declining paying users and...
JPMorgan Misses Profit Estimates as IPO Market Slows
JPMorgan Chase reported its first quarterly profit miss in nearly three years on October 13, as market volatility, economic uncertainty and slowing dealmaking weighed on its investment banking and trading businesses. The banking giant...
AI Investment Boom Supports Global Growth, Warns IMF of Job Disruptions
Global investment in artificial intelligence infrastructure is helping sustain worldwide economic growth at around 3%, despite an energy supply shock, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. Speaking at the IMF...
Volkswagen Reports Sharpest Delivery Decline in Over Four Years
German automaker Volkswagen reported a 14.3% decline in global vehicle deliveries in the third quarter, marking its steepest drop in more than four years. Deliveries fell to 1.89 million vehicles, with continued weakness in...
European Shares Rise as Investors Focus on Earnings and US Inflation Data
European shares rose on Monday, while US stock futures remained broadly steady as investors looked beyond surging oil prices to the start of the third-quarter earnings season and key US inflation data. The pan-European...
TotalEnergies Expands US Renewable Energy Venture with KKR in $1.2 Billion Deal
TotalEnergies said on Monday that it is expanding its joint venture with investment firm KKR in the United States through the addition of a renewable energy portfolio valued at $1.2 billion. The deal includes...
Wall Street Futures Steady as Investors Eye Bank Earnings, Inflation Data
Wall Street futures were little changed on Monday as investors monitored oil prices and geopolitical developments ahead of key US bank earnings and inflation data due this week. At 5:36 a.m. ET, Dow E-minis...