U.S. consumers are still in "pretty good shape" and their wages are growing even as the Federal Reserve continues to withdraw excess liquidity from the system, Bank of America Chief Executive Officer Brian Moynihan said on the sidelines of the World Economic Forum's annual meeting at Davos.
Morgan Stanley beat analysts' estimates for fourth-quarter profit on Tuesday as the investment bank's trading business got a boost from market volatility, offsetting the hit from sluggish dealmaking.
Goldman Sachs Group Inc on Tuesday reported a bigger-than-expected 69% drop in fourth-quarter profit due to heavy losses in its consumer business and a slump in dealmaking that hit its investment banking unit.
The European Union responded on Tuesday to U.S. moves to boost its energy transition with plans to make life easier for the bloc's green industry, saying it would mobilize state aid and a fund to keep firms from moving to the United States.
U.S. industrial and software firm Emerson Electric Co on Tuesday made public its offer to buy NI Corp in a deal with an enterprise value of $7.6 billion after the automated testing equipment maker rebuffed earlier approaches.
Car rental firm Hertz will make up to 25,000 electric vehicles (EVs) available to rent to drivers of ride-hailing company Uber in European capitals by 2025, the two companies said on Tuesday.
The Renault group on Tuesday said sales at its flagship brand fell for a fourth consecutive year in 2022 to 1,466,729 units excluding Russia, a 9.4% decline from 2021.
U.S. stock index futures started the week lower ahead of quarterly results from Goldman Sachs and Morgan Stanley, with downbeat economic data from China denting investor sentiment globally on Tuesday.
The German economy is expected to contract by 0.3% this year and the energy crisis triggered by Russia's invasion of Ukraine will continue to weigh on industry in Europe's largest economy, Germany' BDI industry association said on Tuesday,
