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Tag: Boosted

Morgan Stanley profit plunges, warns of more pain ahead

Reuters
(Reuters) - Morgan Stanley (MS.N) Chief Executive Officer James Gorman warned that the bank would take “longer to achieve” its medium-term financial targets...

Warren Buffett will ‘let everybody know’ once he invests the bulk of Berkshire Hathaway’s $128 billion cash pile, Bill Ackman says

Business Insider
Mario Anzuoni/Reuters Warren Buffett stepped in to reassure investors and bail out struggling companies during the 2008 financial crisis, but has been quiet during...

Morgan Stanley profit plunges as dealmaking hit by pandemic

Reuters
(Reuters) - Morgan Stanley (MS.N) posted a 32% fall in quarterly profit on Thursday as its advisory and wealth management businesses took a...

Wall Street falls on dour economic data, corporate earnings

Reuters
(Reuters) - U.S. stocks fell on Wednesday as dismal economic data and first-quarter earnings reports compounded concerns over the extent of damage from...

U.S. retail sales, factory output sink as coronavirus batters economy

Reuters
WASHINGTON (Reuters) - U.S. retail sales suffered a record drop in March and output at factories declined by the most since 1946, buttressing...

Coronavirus delivers record blow to U.S. retail sales in March

Reuters
WASHINGTON (Reuters) - U.S. retail sales suffered a record drop in March as mandatory business closures to control the spread of the novel...

Citi profits shrank 46% last quarter as coronavirus weighed on operations

Business Insider
Citigroup reported first-quarter earnings Wednesday that missed analyst expectations, showing a large drop in net income as the bank boosted its loan loss...

Citigroup profit nearly halves as loan defaults loom

Reuters
(Reuters) - Citigroup Inc (C.N) reported a 46% plunge in quarterly profit on Wednesday as the bank set aside nearly $5 billion to...

A Robust Reputation-based Group Ranking System and its Resistance to Bribery. (arXiv:2004.06223v1 [cs.IR])

AI
(Submitted on 13 Apr 2020) Abstract: The spread of online reviews and opinions and its growing influence on people's behavior and...

Wall Street jumps as hopes for easing lockdown offset earnings worry

Reuters
NEW YORK (Reuters) - U.S. stocks jumped on Tuesday as optimism that the Trump administration could move to ease lockdowns from the coronavirus...

Amazon surges to record highs as the coronavirus crisis drives an online spending spree (AMZN)

Business Insider
Lindsey Wasson/Reuters Amazon shares leaped to record highs on Tuesday as the firm profits on greater demand for online shopping. The e-commerce titan traded as...

J&J beats profit estimates but coronavirus fuels forecast cut

Reuters
(Reuters) - Johnson & Johnson (JNJ.N) on Tuesday beat analysts’ estimates for first-quarter profit on higher sales of its cancer drugs and consumer...
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