By Summer Zhen HONG KONG (Reuters) – Steven Cohen’s Point72 Asset Management’s new artificial intelligence (AI)-focused fund posted a 14% gain after launching just three months ago, growing the fund…
(Reuters) – Bank of America reported higher profit on Thursday as its investment bankers capitalized on resurgence in dealmaking in the fourth quarter. The second-largest U.S. lender’s net income rose…
By Suzanne McGee (Reuters) – Capital Group on Thursday launched its first exchange-traded fund designed to track small and mid-cap U.S. stocks, a segment of the ETF market where new…
By Deena Beasley SAN FRANCISCO (Reuters) – The pharmaceutical industry, grappling with new government limits on drug prices, is focusing its requests for president-elect Donald Trump and Congress on “fixing”…
Investing.com — Geberit AG shares declined Thursday after the Swiss plumbing products company reported mixed earnings for 2024. Despite achieving a 2.5% currency-adjusted increase in net sales, the firm highlighted several…
Investing.com — Carlyle, the U.S. buyout group, is reportedly preparing to explore a sale of its British funds network and data business, Calastone, according to sources familiar with the matter.…
Investing.com – PNC Financial (NYSE: PNC) reported fourth quarter EPS of $3.77, $0.47 better than the analyst estimate of $3.30. Revenue for the quarter came in at $5.57B versus the…
(Reuters) – UnitedHealth Group (NYSE:UNH) reported fourth-quarter revenue below Wall Street estimates on Thursday, hurt by weakness in its health insurance unit, sending the healthcare conglomerate’s shares down about 3%…
Rashida Jones, the president of MSNBC, announced Tuesday that she is stepping down after four years of steering the cable news network. Jones, who made history as the first Black…
Boeing handed over 348 airplanes in 2024, about a third fewer than it did a year earlier as the aerospace giant struggled with a crisis after a midair door panel blowout a year…