 | | | | If you have a sneaking suspicion that your food bills have been going up and up, you are not crazy. | | | | | | Shares of retail favorite AMC Entertainment were fighting to reverse a recent string of losses Thursday, as Wall Street debated the longevity of a trading frenzy in stocks that gained a massive following on social media in 2020. | | | | | | BlackRock Inc (BLK.N), the world's largest asset manager, reported a better-than-expected quarterly profit on Wednesday as investors poured more money into the company's funds, driving robust fee growth and boosting its assets under management to a record high. | | | | | | Wealth manager Americana Partners has made a $25 a share bid for Westwood Holdings Group (WHG.N), offering a nearly 28% premium to take the publicly traded financial advisory and mutual fund firm private, sources familiar with the matter said. | | | | | | Global growth will moderate next year but remain at a strong pace, bond manager Pimco said on Wednesday, with a trend toward sustainable investing creating risks and opportunities in some sectors. | | | | | | Bank of America Corp (BAC.N) shares tumbled on Wednesday after the second-largest U.S. lender detailed its sensitivity to low interest rates and the Federal Reserve indicated it has no plans to raise its benchmark rate any time soon. | | | | | | Investec (INVP.L), (INLJ.J) said on Wednesday it was launching its first day-to-day business banking account, in a push to attract customers among South Africa's more than 100,000 mid-sized firms. | | | | | | Sumitomo Mitsui Financial Group Inc (8316.T) plans to buy nearly 5% of Jefferies Financial Group Inc (JEF.N) shares for $386 million, the U.S.-based company said on Wednesday, as the Japanese firm looks to boost its presence in the United States. | | | | | | JPMorgan Chase & Co (JPM.N) second-quarter profits jumped 155% as the U.S. economy continued to rebound, but executives warned on Tuesday that the sunny outlook would not make for blockbuster revenues in the short term due to low interest rates, weak loan demand and a slowdown in trading. | | | | | | Goldman Sachs Group Inc (GS.N)executives said a record backlog of deals will help drive profits for the rest of the year after the bank smashed second-quarter estimates. | | | | | |
