News
Important Only
Wells Fargo expands its healthcare team, aims to hire more
By Nupur Anand NEW YORK, July 16 (Reuters) - Wells Fargo WFC.N is expanding its healthcare team within its commercial bank and aims to hire more people at a time when the $1.95 trillion asset cap on the bank has been lifted.In 2025, the size of the team grew by more than 30% as it added more than...Reuters
Wed, Jul 16
RPT-BREAKINGVIEWS-Big banks shake off Jamie Dimon’s glum outlook
By Stephen Gandel NEW YORK, July 15 (Reuters Breakingviews) - Jamie Dimon might be the gloomiest of the country’s top financiers. The JPMorgan JPM.N CEO has warned that resurgent inflation could force higher interest rates; that assets are overvalued; and that credit is a “bad risk.” Wall Street ...Reuters
Wed, Jul 16
SpaceX Valuation Hits $400 Billion in New Buyback — Up 5x Since 2021
TradingKey - Compared to Tesla, the financial markets appear to be placing even greater value on Elon Musk’s flagship company, SpaceX, which has just announced a new $1.25 billion share buyback program — pushing its valuation to an estimated $400 billion, over five times higher than in 2021.
TradingKey
Wed, Jul 16
J&J Anticipate Second Half Operational Sales Growth Higher Than First Half - Presentation
July 16 (Reuters) - Johnson & Johnson JNJ.N:J&J: ANTICIPATE SECOND HALF OPERATIONAL SALES GROWTH HIGHER THAN FIRST HALF - PRESENTATIONJ&J: IN INNOVATIVE MEDICINE, NEGATIVE IMPACT OF PART D RE-DESIGN, AS A PERCENT TO SALES, WILL BE CONSISTENTLY APPLIED THROUGHOUT YEARJ&J: PRODUCTS NEG...Reuters
Wed, Jul 16
WTO overhaul targets fairer trade, easier decision-making to end paralysis
WTO members seek to streamline decision-making systemDiscussion underway on levelling the playing field The reform drive underlines the urgency of reformBy Olivia Le Poidevin and Emma Farge GENEVA, July 16 (Reuters) - World Trade Organization members are seeking to break years of paralysis in int...Reuters
Wed, Jul 16
Goldman Sachs Posts Q2 EPS $10.91
July 16 (Reuters) - Goldman Sachs Group Inc GS.N:GOLDMAN SACHS Q2 EPS $10.91GOLDMAN SACHS Q2 NET REVENUE $14.58 BILLION VERSUS IBES ESTIMATE $13.46 BILLIONGOLDMAN SACHS Q2 PROVISION FOR CREDIT LOSSES $384 MILLION VERSUS IBES ESTIMATE $384.5 MILLIONGOLDMAN SACHS INCREASES QTRLY DIVIDEND $4 PER COMMON...Reuters
Wed, Jul 16
PNC Financial's quarterly profit rises on higher interest income, fees
July 16 (Reuters) - U.S. bank PNC Financial PNC.N reported an 11.2% rise in second-quarter profit on Wednesday, aided by higher interest and fee income. A robust labor market and spending trends boosted major stock indices to record highs through the end of June, after a few turbulent months followi...Reuters
Wed, Jul 16
Humanoid Global Announces Increase In Private Placement
July 16 (Reuters) - Humanoid Global Holdings Corp ROBO.CD:HUMANOID GLOBAL ANNOUNCES INCREASE IN PRIVATE PLACEMENTHUMANOID GLOBAL HOLDINGS - INCREASES PRIVATE PLACEMENT TO 10,500,000 UNITSHUMANOID GLOBAL HOLDINGS CORP - PROCEEDS TO BE USED FOR CORPORATE DEVELOPMENT AND MARKETINGReuters
Wed, Jul 16
Morning News Call - Canada, July 16
To access a PDF version of this newsletter, please click here You can read Morning News Call Canada via TOPNEWS Canada page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-page ECONOMIC EVENTS0815 H...Reuters
Wed, Jul 16
ADVISORY-Dated alert on Goldman Sachs' statement on stress capital buffer withdrawn
An alert on Goldman Sachs' GS.N statement on stress capital buffer was inadvertently filed from a dated press release and has been withdrawn.There will be no substitute.STORY_NUMBER:nFWN3TD0GTSTORY_DATE:16/07/2025STORY_TIME: 1120 GMTReuters
Wed, Jul 16
Italy asks Poste, state mint to revive talks over PagoPA deal
Poste and mint questioned PagoPA's 500 million euro valuationItalian banks fear Poste's strengthened digital payment positionPagoPA to play leading role in government-backed wallet planBy Elvira Pollina and Giuseppe Fonte MILAN, July 16 (Reuters) - Italy wants state-backed Poste Italiane ...Reuters
Wed, Jul 16
Morning News Call - U.S., July 16
To access a PDF version of this newsletter, please click here You can read Morning News Call -- US via TOPNEWS U.S. Companies page.If you would like to receive this newsletter through your email, please register at:https://solutions.lseg.com/MorningNewsCallEN-subscription-page For Morning Ne...Reuters
Wed, Jul 16
Street View: BlackRock set to weather headwinds as growth initiatives take hold
** BlackRock's BLK.N assets under management hit a new high in the second quarter as global markets rallied** Long-term net inflows fell 9.8% to $46 billion in the quarter from a year earlier, the world's largest asset manager said on Tuesday, also below the average analyst expectation of $5...Reuters
Wed, Jul 16
Allianz's fund arm AGI can resume business in US, CEO says
MUNICH, July 16 (Reuters) - Allianz's ALVG.DE fund management arm AGI can resume business in the United States after being forced to exit the market following a fraud scandal, the German company's CEO said.In 2022, the German financial giant agreed to pay more than $6 billion and its U.S. as...Reuters
Wed, Jul 16
Former Tibet Communist Party secretary gets suspended death sentence over bribery
BEIJING, July 16 (Reuters) - Wu Yingjie, a former Communist Party chief of China's Tibet region who was sanctioned by the United States and Canada over alleged human rights violations, was given a suspended death sentence, state-run news agency Xinhua reported. A court in Beijing on Wednesday s...Reuters
Wed, Jul 16
Diageo planning to replace CEO Debra Crew, Financial Times reports
July 16 (Reuters) - Spirits maker Diageo DGE.L is planning to replace Chief Executive Officer Debra Crew and is searching for a replacement to lead the company's turnaround, the Financial Times reported on Wednesday, citing people familiar with the matter.Reuters could not immediately confirm th...Reuters
Wed, Jul 16
Schneider Electric considers buying remaining stake in India unit, Bloomberg News reports
July 16 (Reuters) - French industrial tech firm Schneider Electric SCHN.PA is in talks to buy the remaining 35% stake in its India unit from minority partner Temasek Holdings, Bloomberg News reported on Wednesday.The deal, which is worth $1 billion, values Schneider Electric India Pvt at roughly $5 ...Reuters
Wed, Jul 16
Arch names Fairs head of agency management at Lloyd's unit
By Ashish TiwariJuly 16 - (The Insurer) - Arch Insurance International has promoted Chris Fairs to head of agency management at Arch Managing Agency Limited (AMAL), the company said on Wednesday. Fairs, who was previously agency manager at AMAL, will now oversee Lloyd’s submissions for Syndicates 20...Reuters
Wed, Jul 16
German cabinet approves mid-term fiscal plan for Brussels
Germany's fiscal plan aligns with EU rules despite spending surgeInfrastructure fund and defence investments exempt from national borrowing capFiscal consolidation targeted by 2029 through reduced spending growthBy Maria Martinez BERLIN, July 16 (Reuters) - The German cabinet approved on Wedn...Reuters
Wed, Jul 16
