Wall Street Falls as US Inflation Rises and AI Stocks Slide
The New York Stock Exchange fell sharply on Wednesday after new inflation data. Several AI-linked stocks also traded lower.
Business
Bank of America Fined More Than $1.2 Billion for Money Laundering and Sanctions Violations
The US Treasury Department is fining Bank of America more than $1.2 billion for alleged violations of money laundering laws and sanctions, CNBC reports.
Business
Warren Buffett steps down as Berkshire Hathaway chairman, becomes chairman emeritus
Financial icon Warren Buffett - also known as the Oracle of Omaha - is stepping down as chairman of investment firm Berkshire Hathaway, according to a press release.
Business
Fed chief’s inflation warning sends Wall Street lower
US stock markets fell after Fed chief Kevin Warsh’s message that inflation is too high.
Business
Morgan Stanley posts record $6.3 billion in equity trading revenue, topping forecasts
Investment bank Morgan Stanley reports $6.3 billion in revenue from equity trading in the second quarter. This is a new record and can be compared with an average forecast of $4.5 billion among analysts.
Business
JPMorgan profit jumps 41% as major US banks beat expectations
The major American bank JPMorgan Chase & Co. reports a sharp increase in profit - larger than expected - for the first quarter of the year. Revenues are up more than expected, not least from stock trading and advisory services.
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Strong reporting season expected as earnings flood begins next week
The flood of reports gets going in earnest next week. The economy looks good, says Lars Söderfjell at the Bank of Åland.
Business
Musk takes rocket company SpaceX public
Elon Musk's space company SpaceX has filed for an IPO in New York. The high valuation makes it the largest IPO of all time.
Business
Bank of America predicts France will win this summer's World Cup
France will win this summer's World Cup after a final victory over Spain - at least if Bank of America is right in its prediction.
Business
More investors are investing in nuclear weapons - dangerous times, report says
Investments in the nuclear weapons industry are growing, a report by the organizations Pax and ICAN shows. "This is the most dangerous time in my lifetime when it comes to nuclear weapons and the risk of their use," ICAN's program director Susi Snyder told TT.
Business
Wall Street hits two record highs in the shadow of war
The war in Iran is not over. That doesn't seem to worry the New York Stock Exchange, which hit record highs on Wednesday - for now.
Business
Stock market decline mitigated as Nibe surged
The decline on the Stockholm Stock Exchange was limited by the close, when it ended down 0.1 percent.
Business
Bank of America to pay $72.5 million in settlement over Jeffrey Epstein
The major American bank, Bank of America, will pay $72.5 million in a settlement, a spokesperson said.
Business
Stockholm stock market turned upward after a shaky start
The Stockholm Stock Exchange started shakily amid a wave of global market turmoil but recovered along with Wall Street. The OMXS index closed up 1.1 percent.
Business
Over SEK 150 billion pulled out of the US in Greenland crisis
US stock markets saw an outflow of nearly $17 billion, equivalent to over SEK 150 billion, during the days when US President Donald Trump threatened new tariffs against several European countries, according to Bank of America.
Business
Strong price rise for Novo Nordisk as shares rise almost 7 percent after British drug authorities' positive statement on higher Wegovy doses
Danish pharmaceutical giant Novo Nordisk's shares rise by almost 7 percent.
Business
Banks and chip giants drove down the US stock market
Declines in bank and IT giant stocks led the New York Stock Exchange's leading index to fall on Wednesday.
Business
Bank of America reports stronger-than-expected Q4 2025 results as interest and trading income beat expectations
The major bank, Bank of America, reports stronger-than-expected results for the fourth quarter of 2025. Both interest income and trading income beat expectations.
Business
JPMorgan reports higher-than-expected fourth-quarter revenue
The major American bank JPMorgan Chase & Co. reported $46.7 billion in revenue in the fourth quarter of last year, according to financial statements. This was marginally more than the average forecast of $46.4 billion.
Business
Oil companies and banks lift US stock market
The New York Stock Exchange rose on Monday, boosted by gains in oil and bank stocks.
Business
The krona is expected to continue to rise in 2026
The krona is a winner in the currency market this year, with a rise of almost 20 percent against the dollar to 9.29 kronor per dollar. The rally for the Swedish currency is expected to continue for a while.
Business
Apple Stock Hits Record High Boosting Wall Street Indexes
The share in the IT giant Apple rose to a new record level on Monday, and the leading indexes on the American stock exchange closed all on plus.
Business
Major Banks Lead Gains as New York Stock Exchange Rises
Two of three broad Wall Street indexes closed up on Wednesday. The banks Morgan Stanley and Bank of America led the increase.
Business
JP Morgan Surpasses Q3 Expectations with Strong Investment Banking Results
The American major banks JP Morgan, Goldman Sachs and Wells Fargo all report a result above expectations for the third quarter.
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