Amazon aggregator Thrasio loses CEO, other top execs in bankruptcy

Thrasio, an early leader in the big business of Amazon aggregators, had a booth at the popular Prosper Show for Amazon sellers in Las Vegas, Nevada, on July 14, 2021. Katie Schoolov Thrasio, the top aggregator of Amazon third-party sellers, is losing its CEO and five other senior executives, months after the former highflier filed … Read more

JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023. Evelyn Hockstein | Reuters A Russian court sided with state-run lender VTB Bank in its efforts to recoup … Read more

Bitcoin miners get into AI to survive halving

AUSTIN, TEXAS — Adam Sullivan left investment banking to mine bitcoin at an awkward time. It was May 2023, bitcoin was trading at around $21,000, U.S. regulators were in the thick of cracking down on the sector writ large, and Core Scientific, the company he had agreed to take over, was battling angry lenders in … Read more

Jim Cramer ranks first-quarter earnings from 6 major U.S. banks. Our portfolio stocks fared well

Club names Morgan Stanley was No. 1 and Wells Fargo was No. 3, according to Jim Cramer’s analysis. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Trusted Bulletin is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong … Read more

Morgan Stanley (MS) earnings Q1 2024

Morgan Stanley on Tuesday posted results that topped analysts’ estimates for profit and revenue as wealth management, trading and investment banking exceeded expectations. Here’s what the company reported: Earnings: $2.02 a share, vs. $1.66 LSEG estimate Revenue: $15.14 billion, vs. expected $14.41 billion The bank said first quarter profit rose 14% from a year earlier … Read more

Bank of America (BAC) earnings Q1 2024

Bank of America Chairman and CEO Brian Thomas Moynihan testifies during a Wall Street oversight hearing by the Senate Banking, Housing, and Urban Affairs committee on Capitol Hill in Washington, DC, December 6, 2023.  Saul Loeb | AFP | Getty Images Bank of America is scheduled to report first-quarter earnings before the opening bell Tuesday. … Read more

Stock market today: Live updates

Traders work on the floor of the New York Stock Exchange on April 1, 2024. Brendan Mcdermid | Reuters U.S. stock futures rose on Monday, rebounding from last week’s sell-off following strong Goldman Sachs earnings and hopes that the conflict in the Middle East won’t further escalate. Futures tied to the Dow Jones Industrial Average … Read more

Goldman Sachs (GS) earnings Q1 2024

David Solomon, Chairman & CEO Goldman Sachs, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC Goldman Sachs is scheduled to report first-quarter earnings before the opening bell Monday. Here’s what Wall Street expects: Earnings: $8.56 per share, according to LSEG Revenue: … Read more

Jamie Dimon warns that inflation, wars and Fed policy pose major threats ahead

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.  Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon warned Friday that multiple challenges, primarily inflation and war, threaten … Read more

StubHub eyes summer IPO, seeks $16.5 billion valuation

The StubHub logo can be seen at the headquarters in San Francisco. Andrej Sokolow | Picture Alliance | Getty Images StubHub is eyeing a summer initial public offering, a person familiar with the matter told CNBC. The online ticketing service is aiming for a valuation of at least $16.5 billion, which is what it was … Read more