Citigroup earnings cap a busy morning for major U.S. banks: Live updates
The five banks releasing earnings Tuesday morning have reported strong revenue from equities trading.
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Markets & Finance News
A flurry of financial updates swept through the U.S. market on Wednesday, with major banks such as Citigroup releasing their quarterly earnings reports, while also seeing declines in IBM stock following a disappointing second-quarter earnings forecast. Meanwhile, Warren Buffett's generosity was put into perspective as he excluded the Bill and Melinda Gates Foundation from his annual donations of Berkshire stock, highlighting the billionaire investor's continued commitment to philanthropy through other channels.
Warren Buffett excludes Gates Foundation from his annual donations of Berkshire stock
Warren Buffett omitted the Gates Foundation from his annual charitable stock gifts.
IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations
CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.
Global shipping industry sounds the alarm over Trump’s Hormuz toll plan
For shipping giant Hapag-Lloyd, it is "fundamentally wrong" to charge tolls for passage through international waters, regardless of the country in charge.
HSBC loses conviction in leading drugmaker, forecasts 'tough path' ahead
The bank's analysts wrote in a note on Monday that they have downgraded the stock to 'hold', as the team "no longer finds the risk-reward balance attractive."
TikTok policy chief defends safety measures amid EU push to limit children's social media access
TikTok's policy chief defended the platform's safety measures as the European Union pushes ahead with restricting children's access to social media.
Stocks making the biggest moves premarket: JPMorgan Chase, Bank of America, IBM, Apple & more
These are the stocks posting the largest moves in early trading.
Inflation reports expected to show improvement with a caveat; Warsh heads to Capitol Hill
Tumbling oil prices in June are likely to provide some welcome good news for inflation.
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