Business

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023.  Chalinee Thirasupa | Bloomberg | Getty Images Gold jumped to a record Tuesday as rising expectations of a September interest rate cut bolstered demand for bullion. Gold futures advanced 1.7% to $2,471.1, topping

CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of Wall Street Firms,” in Hart Building on Wednesday, December 6, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America

Wells Fargo on Friday reported a 9% decline in net interest income, even though its second-quarter earnings and revenue exceeded Wall Street expectations. Here’s what the bank did compared with Wall Street estimates, based on a survey of analysts by LSEG: Earnings per share: $1.33 versus $1.29 cents expected Revenue: $20.69 billion versus $20.29 billion

Goldman Sachs said Monday that it topped profit and revenue estimates on better-than-expected fixed income results and smaller-than-expected loan loss provisions. Here’s what the company reported: Earnings: $8.62 per share vs. $8.34 per share LSEG estimate Revenue: $12.73 billion vs. $12.46 billion estimate Goldman said second-quarter profit jumped 150% from a year earlier to $3.04

Chinese-made cars wait to be loaded onto a ship for export at Yantai Port on July 12, 2024, in Shandong province of China. Vcg | Visual China Group | Getty Images BEIJING — China’s National Bureau of Statistics on Monday said the country’s second-quarter GDP rose by 4.7% year on year, missing expectations of a

A sign hangs above a Dollar General store in Chicago on Aug. 31, 2023. Scott Olson | Getty Images The U.S. Department of Labor announced a settlement Thursday with Dollar General, requiring the retailer and its subsidiaries to pay $12 million in penalties and implement significant workplace safety improvements in its more than 19,000 stores

High-rise buildings are being seen in the West Coast New Area of Qingdao, Shandong province, China, on July 6, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a

Charday Penn | E+ | Getty Images Up to $9 trillion is expected to be passed along to spouses and partners in the coming years as part of what’s being called “the horizontal wealth transfer,” according to a new report. Over the next 20 to 30 years, aging baby boomers and older generations are expected

Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures. “There has been some

The Mar Pietra compound in Delray Beach, Florida, is being offered at $60 million. Daniel Petroni The owner of a beachfront mansion in Delray Beach, Florida, is looking to shatter a local price record with a home that delivers old-school Italian flair above ground and hidden personality below. While the upper levels are adorned with

Oscar Wong | Moment | Getty Images There may be relief for the thousands of Americans whose savings have been locked in frozen fintech accounts for the past two months. Banks involved in the mess caused by the collapse of fintech intermediary Synapse have made progress piecing together account information for stranded customers that could

Jane Fraser, CEO of Citi, speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 1, 2023.  Patrick T. Fallon | AFP | Getty Images Citigroup on Friday posted second-quarter results that topped expectations for profit and revenue on a rebound in Wall Street activity. Here’s what the company reported: Earnings: $1.52

Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for consumers. Deflation measures how quickly prices are falling for a consumer good or service. It’s the opposite of inflation, which gauges how quickly prices are increasing. Physical goods have accounted for much of the deflation

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024.  Victor J. Blue | Bloomberg | Getty Images JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Friday. Here’s what Wall

President Joe Biden and former President Donald Trump participate in the CNN Presidential Debate on June 27, 2024 in Atlanta. Justin Sullivan | Getty Images News | Getty Images Inflation decelerated again in June, bringing further relief to consumers’ wallets. The consumer price index rose 3% in June 2024 from June 2023, down from a

The Olympic Rings being placed in front of the Eiffel Tower in celebration of the French capital won the hosting right for the 2024 Summer Olympics. Sopa Images | Lightrocket | Getty Images Sportsbooks and daily fantasy operators are preparing for a Summer Olympics bump. The games in Paris, set to start July 26, will

More than 70% of Baidu Apollo Go robotaxi rides in Wuhan were fully driverless as of April, and the company said in May it expected 100% of the rides to be completely autonomous in coming quarters. Bloomberg | Bloomberg | Getty Images BEIJING — China’s yearslong effort to develop robotaxis is starting to gain traction

NASA astronauts Butch Wilmore (R) and Suni Williams, wearing Boeing spacesuits, depart the Neil A. Armstrong Operations and Checkout Building at Kennedy Space Center for Launch Complex 41 at Cape Canaveral Space Force Station in Florida to board the Boeing CST-100 Starliner spacecraft for the Crew Flight Test launch, on June 5, 2024. Miguel J.