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Truist's fourth-quarter profit rises on higher interest income, investment banking fees
Reuters· 2026-01-21 12:17
Core Viewpoint - Truist Financial reported an increase in fourth-quarter profit, driven by higher interest income and fees from its investment banking operations [1] Group 1 - The rise in profit for Truist Financial was attributed to increased interest income [1] - Fees from investment banking businesses also contributed to the profit growth [1]
Wall Street seeks to shape Trump affordability ideas, sources say
Reuters· 2026-01-21 11:59
Major Wall Street banks are pushing back on some of President Donald Trump's ideas for lowering the U.S. cost of living ahead of mid-term elections, while suggesting others in an effort to shape policy, sources familiar with the discussions said. ...
Halliburton beats estimates for fourth-quarter profit
Reuters· 2026-01-21 11:51
Halliburton surpassed Wall Street expectations for fourth-quarter profit on Wednesday, on the back of steady demand for its services and equipment in international markets. ...
Danone says it blocked batch of infant formula on request of Singapore regulator
Reuters· 2026-01-21 11:36
Core Viewpoint - Danone has blocked a batch of infant formula intended for the Singaporean market at the request of the Singapore Food Agency (SFA) [1] Company Summary - Danone is a French food manufacturer that has taken precautionary measures regarding its infant formula products [1] Industry Summary - The action taken by Danone highlights the regulatory oversight in the food industry, particularly concerning infant nutrition products [1]
Johnson & Johnson forecasts 2026 profit above Wall Street estimates
Reuters· 2026-01-21 11:23
Johnson & Johnson on Wednesday forecast 2026 sales and profit ahead of Wall Street estimates, even when including a hit of "hundreds of millions of dollars" from the drug pricing deal it signed with... ...
Ryanair says fares might rise 2-4% in coming 12 months
Reuters· 2026-01-21 11:14
Core Viewpoint - Ryanair's average fares are expected to increase by 2% to 4% in the coming year, alongside a rise in passenger numbers [1] Summary by Categories Company Insights - Ryanair's Chief Executive, Michael O'Leary, provided insights on fare increases and passenger growth [1]
TE Connectivity forecasts upbeat second-quarter profit on strong AI tools demand
Reuters· 2026-01-21 11:09
Core Viewpoint - TE Connectivity projected second-quarter profit above Wall Street estimates, driven by increased demand for AI-related tools and products [1] Company Summary - TE Connectivity is an electronic component maker that is experiencing a surge in demand for its AI-related offerings [1]
US Supreme Court considers Trump's bid to fire Fed's Lisa Cook
Reuters· 2026-01-21 11:02
Core Viewpoint - The U.S. Supreme Court is preparing to evaluate President Donald Trump's attempt to dismiss Federal Reserve Governor Lisa Cook, which raises questions about the extent to which the justices will go to maintain the independence of the central bank [1] Group 1 - The case represents an unprecedented challenge to the authority of the President over the Federal Reserve [1] - The outcome may have significant implications for the future governance and operational independence of the Federal Reserve [1] - The justices' decision could set a precedent regarding the limits of executive power in relation to independent regulatory agencies [1]
Bessent says Deutsche Bank CEO called to distance bank from analyst's Greenland report
Reuters· 2026-01-21 10:43
Core Viewpoint - Deutsche Bank's chief executive communicated with U.S. Treasury Secretary Scott Bessent, indicating that the bank does not support one of its analyst reports that suggested European investors may be facing challenges [1] Group 1 - The communication from Deutsche Bank's CEO to the U.S. Treasury Secretary highlights a significant concern regarding the credibility of the bank's analyst reports [1] - The specific report in question raised issues about the outlook for European investors, which may impact market perceptions and investor confidence [1]
Ryanair would welcome Musk investment says O'Leary as spat continues
Reuters· 2026-01-21 10:21
Core Viewpoint - Ryanair's CEO Michael O'Leary expressed openness to an investment from Elon Musk, indicating that the ongoing public exchange between them has positively impacted the airline's visibility and brand [1] Group 1 - O'Leary's comments suggest that the interaction with Musk has been beneficial for Ryanair, potentially enhancing its market presence [1] - The airline is positioned to leverage high-profile discussions to attract attention and possibly investment [1]