India’s state-owned banks will slow government bond purchases in the weeks ahead as banking system liquidity tightens, treasury officials from nine state lenders said.
A tight U.S. labor market, the expiry of union contracts and high living costs have led to tough negotiations for pay hikes and benefits, triggering strikes and protests across industries.
Kaiser Permanente’s healthcare workers union has reached a tentative agreement with the company, the union said in a social media post on Friday, settling a dispute over staffing levels and pay that sparked the largest-ever such labor action in the medical sector.
U.S. Treasury Secretary Janet Yellen and People’s Bank of China Governor Pan Gongsheng on Friday held a “substantive and productive” meeting that covered debt, financial architecture and future economic communications, a Treasury spokesperson said.
Shares of Dollar General jumped 8% premarket on Friday, as investors and analysts drew confidence from the return of former CEO Todd Vasos to the top job to help steer the retailer away from weakening traffic and margin pressure.
JPMorgan Chase’s profit rose in the third quarter as surging rates and the acquisition of failed First Republic Bank drove its interest income to a record high, the largest U.S. lender reported on Friday.
Wells Fargo on Friday beat analysts’ estimates for third-quarter profit as it benefited from customers paying more interest and raised its annual forecast for future income from interest payments.
Tesla Inc will urge a Delaware judge on Friday to reject $230 million in legal fees requested by a team of shareholder attorneys who won a settlement in a dispute over director pay.
BlackRock handily beat third-quarter profit estimates on Friday but posted a sharp drop in net inflows, sending shares of the world’s largest asset manager down 1% in premarket trade.
