Economy

JPMorgan Chase reported second-quarter earnings Friday that topped analysts’ expectations, as the company benefited from higher interest rates and better-than-expected bond trading.Here’s what the company reported: Earnings: $4.37 per share adjusted vs. $4 per share Refinitiv estimateRevenue: $42.4 billion vs. $38.96 billion estimateNet income surged 67% to $14.5 billion, or $4.75 per share. When excluding… […]

LONDON — The U.K. competition regulator on Friday said it is extending the deadline for its review of Microsoft’s takeover of video game publisher of Activision Blizzard by six weeks.The extension will give the watchdog more time to review proposals by the two parties to resolve its concerns after it paused a campaign to block… […]

Mozambique’s former finance minister, Manuel Chang (pictured here in 2019), has been deemed a flight risk.Wikus De Wet | Afp | Getty ImagesA U.S. federal judge ruled that Mozambique’s former finance minister, Manuel Chang, must remain behind bars while awaiting trial for fraud in the notorious “tuna bond” scandal which helped bankrupt the African nation… […]

Billionaire hotelier Ong Beng Seng attends a news conference in Singapore May 11, 2007.Singapore’s anti-graft agency issued an arrest notice for billionaire Ong Beng Seng as part of its investigation involving transport minister S Iswaran.Ong, who is managing director of Singapore-listed hotel owner and operator Hotel Properties Limited, has been asked to provide information on… […]

The Twitter logo is displayed on a smartphone screen and on a computer screen in Athens, Greece, on April 20, 2024. Nurphoto | Nurphoto | Getty Images A federal judge in Texas has ruled against Media Matters and its request to dismiss a lawsuit filed by Elon Musk’s X. Because of U.S. District Judge Reed […]

Paris 2024 Paralympic Games logo, on July 22, 2024, in Paris France. Nurphoto | Nurphoto | Getty Images As the dust of the 2024 Paris Olympics settles, venues across the City of Light welcome a new crop of athletes for the Paralympic Games. While the International Paralympic Committee does not dole out prize money for […]

TOPSHOT – The photo taken on August 1, 2024 shows a general view of the driver’s seat and controls of a driverless robotaxi autonomous vehicle developed as part of tech giant Baidu’s Apollo Go self-driving project, in Wuhan, in central China’s Hubei province. Turning heads as they cruise past office buildings and malls, driverless taxis […]

Democratic presidential nominee and U.S. Vice President Kamala Harris and vice presidential nominee Tim Walz walk down the steps from Air Force Two at Savannah/Hilton Head International Airport in Savannah, Georgia, U.S., August 28, 2024. Elizabeth Frantz | Reuters Democratic presidential nominee Kamala Harris in a new interview Thursday defended her vice presidential record on […]

On Thursday morning, Republican presidential nominee Donald Trump told his 90 million followers on X that they would hear his plan to make the U.S. the crypto capital of the planet that same day. But after a rally in Michigan and a town hall in Wisconsin, Thursday ended with no sign of Trump’s plan for digital assets. […]

Virgin Orbit is furloughing nearly all its employees and pausing operations for a week as it looks for a funding lifeline… […]