Amid CEO David Solomon’s push to unload or shutter several businesses tied to his retail banking plan, the high net worth business was deemed too small.
Kategorie-Archiv: CNBC Financial News
Nio reports wider second-quarter loss amid China slowdown and product line revamp
Nio’s second-quarter loss widened from a year ago, as it overhauled key products amid an economic slowdown in China. But deliveries are already rebounding.
Best Buy scales back sales outlook as results top expectations
While Best Buy trimmed its sales guidance for the year, it raised the bottom end of its profit outlook.
Shares of BYD jump after Chinese EV maker posts 200% surge in first half profit
Chinese automaker BYD on Monday posted a 204.68% jump in profit in the first half of the year driven by record deliveries.
Stocks making the biggest moves premarket: 3M, CrowdStrike, Xpeng and more
These are the stocks posting the largest moves in premarket trading.
European stocks higher after Fed chair signals more rate hikes possible
European shares traded higher as the final trading week of August got underway, as traders weighed the prospect of higher interest rates from the Federal Reserve.
Chinese EV startup Xpeng shares soar 13% after announcing $744 million deal with Didi
Chinese electric car company Xpeng has signed yet another joint car production deal.
Singapore’s OCBC bank suffers brief outage, shares gain 1%
OCBC card, branch and ATM services were restored at 10.37 a.m.
‚Not just money and math‘: Young people are willing to sacrifice returns for ESG
New data shows young people are willing to give up returns to invest in ways that supports causes they care about.
Op-Ed: Less affordable homes don’t just ruin American dreams, they’re a threat to the economy
The National Association of Realtors said earlier this month its housing affordability index fell to its lowest level on record, going back to 1986.