Wall Street’s largest banks have closed out 2025 on a high note, delivering record revenues and rising profits as a rebound in dealmaking, buoyant trading activity, and resilient lending helped defy earlier fears of a slowdown. The fourth-quarter earnings season, led by results from Goldman Sachs and Morgan Stanley, underscored a renewed sense of confidence
Gold prices continued to fall on the last day of the week as a stronger dollar and improved risk appetite dented demand for the precious metal. Silver was also in the red as prices fell below the $90-per-ounce mark. Meanwhile, oil prices climbed after falling sharply in the previous session. Investors resorted to lower-level buying
Brazil’s General Price Index-10 (IGP-10) reopened the year under renewed pressure from producer and consumer prices, recording an 0.29% uptick in January, according to data released by the Getulio Vargas Foundation (FGV) on Friday. That was followed by a tiny, but positive, 0.04% increase in December, meaning that year-start monthly price dynamics clearly picked up
A bipartisan group of US lawmakers moved to stabilise critical mineral markets on Thursday, introducing a bill that would establish a $2.5 billion national stockpile aimed at boosting domestic mining and refining. Washington’s new bill is the latest measure intended to counteract what its policymakers see as China’s price manipulation of critical minerals like lithium,
Spotify is lifting the price of its Premium subscription service by 8%, underlining how major streaming platforms are leaning more on subscription revenue to support sustained profitability. The Swedish audio group said on Thursday that US prices will rise to $13 a month, marking its first increase for American users since 2024. Spotify is also
Goldman Sachs Group Inc. ended 2025 on a high, posting a record-breaking performance in one of its most closely watched businesses. In the final three months of last year, the bank generated $4.31 billion in equities-trading revenue, beating expectations and setting an all-time Wall Street record for any bank. The result underlines how Goldman has
Morgan Stanley capped an exceptional 2025 with a fourth-quarter earnings beat that showcased the power of its diversified business model. The investment bank reported net revenues of $17.9 billion and earnings per share of $2.68, both comfortably surpassing Wall Street expectations. For the full year, the firm delivered record net revenues of $70.6 billion with
Boston Scientific on Thursday announced plans to acquire Penumbra, a US-based thrombectomy specialist, in a cash-and-stock deal valued at about $14.5 billion, marking one of the largest transactions in the global medical technology sector this year. The acquisition is aimed at strengthening Boston Scientific’s cardiovascular and vascular intervention portfolio, as the company looks to capitalise
Airbnb stock price crashed by over 7% on Wednesday as travel companies plunged after a major policy change by the Donald Trump administration. ABNB plunged to a low of $130, down by nearly 8% from its highest point this year. Airbnb stock plunges as Trump stops visas for 75 countries Airbnb share price retreated sharply
According to cybersecurity researchers, a Chinese-linked cyberespionage outfit sent Venezuela-themed phishing emails to US government and policy officials in the days following a US operation to depose Venezuelan President Nicolas Maduro. The previously unknown campaign demonstrates how a long-standing Chinese cyberespionage cell known as “Mustang Panda” continues to exploit big political changes to obtain access