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Wells Fargo CFO signals 'step up' in interest income in second quarter

Wells Fargo CFO signals 'step up' in interest income in second quarter

By Manya Saini and Nupur Anand June 9 (Reuters) - U.S. banking giant Wells Fargo's net interest income will see a "step up" in the current quarter, Chief Financial Officer Mike Santomassimo said at an investor conference on Tuesday.
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Factbox-Major brokerages' forecasts for S&P 500, global GDP growth in 2026

Factbox-Major brokerages' forecasts for S&P 500, global GDP growth in 2026

June 8 (Reuters) - Top brokerages expect the benchmark S&P 500 index to extend its rally in 2026, even as the months-long Middle East conflict disrupts global energy flows and drives inflation higher.
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Analysis-Investors spy a tipping point for bonds after geopolitics shreds old playbooks

Analysis-Investors spy a tipping point for bonds after geopolitics shreds old playbooks

By Stefano Rebaudo MILAN, June 9 (Reuters) - Bonds have failed to shield investors during the Iran war. Now, some fund managers say that may be about to change, with debt poised to reclaim its safe-haven role if inflation starts hitting growth.
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Vimeo parent Bending Spoons files for US IPO

Vimeo parent Bending Spoons files for US IPO

June 8 (Reuters) - Vimeo parent Bending Spoons filed for a U.S. initial public offering on Monday, as a busy summer IPO window takes shape.
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Goldman Sachs pushes Fed rate-cut call to 2027 on strong US jobs data

Goldman Sachs pushes Fed rate-cut call to 2027 on strong US jobs data

June 8 (Reuters) - Goldman Sachs expects the U.S. Federal Reserve to keep rates unchanged through 2026 and delay rate cuts until 2027, it said on Friday, citing stronger economic activity and job growth after a robust payrolls report.
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Britain begins formal review of Paramount's $110 billion Warner Bros deal

Britain begins formal review of Paramount's $110 billion Warner Bros deal

June 9 (Reuters) - Britain's competition regulator said on Tuesday it has formally started its review of Paramount Skydance's planned $110 billion acquisition of Warner Bros Discovery, after ending the first part of its information gathering process.
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Factbox-OpenAI joins AI listing queue with Anthropic

Factbox-OpenAI joins AI listing queue with Anthropic

June 8 (Reuters) - OpenAI said on Monday it has confidentially filed for a U.S. initial public offering, joining rival Anthropic in a push toward the stock market as investors seek exposure to the artificial intelligence boom. Wall Street is betting 2026 could be a breakout year for the U.S.
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U.S. Companies Benefit from Consumers' Decreased Price Sensitivity Amid Inflation

U.S. Companies Benefit from Consumers' Decreased Price Sensitivity Amid Inflation

U.S. Companies Benefit from Consumers' Decreased Price Sensitivity Amid Inflation
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ISS urges Warner Bros shareholders to reject executive pay tied to Paramount merger

ISS urges Warner Bros shareholders to reject executive pay tied to Paramount merger

June 8 (Reuters) - Proxy adviser ISS on Monday urged Warner Bros Discovery shareholders to vote against executive pay and exit packages for CEO David Zaslav and other top executives tied to the company's merger with Paramount Skydance.
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NY Fed Survey Reveals Financial Strain for Nearly Half of Americans

NY Fed Survey Reveals Financial Strain for Nearly Half of Americans

A recent survey by the Federal Reserve Bank of New York reveals that nearly 48% of Americans feel financially worse off than a year ago. This sentiment is the highest recorded since January 2023. The survey highlights growing concerns about personal finances amid rising inflation, driven by geopolitical tensions such as the Iran war, which has increased oil and gas prices. Additionally, there is a noted decline in job security and confidence in finding new employment, with 15% of respondents fearing job loss within the next year.
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Fed to hold rates this year, cut calls fade as war inflation persists, economists say: Reuters poll

Fed to hold rates this year, cut calls fade as war inflation persists, economists say: Reuters poll

By Indradip Ghosh BENGALURU, June 9 (Reuters) - The U.S.
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Elon Musk sets SpaceX IPO price in blunt message to Wall Street

Elon Musk sets SpaceX IPO price in blunt message to Wall Street

Companies preparing for an initial public offering normally set a price range, gauge demand on a roadshow, and negotiate a final share price. SpaceX skipped every step of that process, and the decision reveals how Elon Musk intends to operate as a public company executive. The rocket and satellite ...