Mediobanca CEO expects second-tier banks to look at M&A in 2020
Second-tier banks in Italy, Spain and possibly Germany are likely to consider mergers this year in a bid to boost returns which are insufficient to...
Trump signs USMCA, ‘ending the NAFTA nightmare’; key Democrats not invited
President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests...
Wall St. edges higher on Apple, Boeing strength; Fed in focus
U.S. stock indexes edged higher on Wednesday, boosted by gains in Apple, Boeing and General Electric following their results, while investors assessed the economic damage...
Morgan Stanley warns coronavirus could drag on global, Chinese GDP growth
Morgan Stanley said on Wednesday the coronavirus outbreak in China was likely to hurt global growth in the near-term and could shave up to 1...
KFC to sell Beyond Meat’s plant-based “fried chicken” in the southern U.S.
Beyond Meat said on Wednesday it will supply plant-based “fried chicken” to several KFC stores in Tennessee and North Carolina, after a test conducted last...
Seniors deal with the harsh reality of debt
Allen Lomax knows how retirement is supposed to go: By your golden years, you should have paid off your house, built up a big pot...
Goldman Sachs sets growth targets but urges investor patience
Goldman Sachs Group Inc on Wednesday set targets to grow its fledgling consumer unit and transaction banking business while improving efficiency and returns to shareholders,...
Oil mixed as virus fears offset by talk of OPEC cut extension
Oil was mixed on Wednesday as worries about the impact of the coronavirus outbreak and swelling crude inventories in the United States weighed on prices,...
Wall St off early highs as weak earnings, coronavirus concerns weigh
U.S. stock indexes retreated from early highs on Wednesday as a spate of disappointing earnings reports offset strong gains in Apple and Boeing, while investors...
Fed likely to keep interest rates on hold as coronavirus worries grow
The U.S. Federal Reserve will end its latest policy meeting on Wednesday with interest rates likely on hold, adjustments to its balance sheet under discussion,...