Financials

Some big U.S. banks are buying more U.S. government securities as yields start to rise and the Federal Reserve appears ready to taper its bond-buying program - a balance sheet shift that analysts say could boost bank earnings by several percentage points depending on how they play their hands.

Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely rose 28% to the highest in three years, helped by rising memory chip prices and display sales for smartphone makers' new flagship launches.

Mohamed El-Erian warns investors to avoid "non-recoverable mistakes" in a fluid stock market.

A provision that would all the IRS to monitor $600 transactions is falling flat at the state level as opposition grows.

Bank of America's online banking site is experiencing outages.

Merck will spend about $11.5 billion to buy Acceleron Pharma and its potential treatment for high blood pressure in vessels that connect the lungs heart.

Junior bankers at boutique firm Lazard are now the highest paid on Wall Street, after Lazard raised salaries for all associates by $50,000, according to a report.

Consumers are surprisingly doing well in terms of managing their credit despite pandemic challenges.

Last year as China Evergrande Group’s stock and bond prices seesawed, it offered deep discounts to keep sales growing during the pandemic and the government effectively said it had borrowed too much.

Dividends often provide larger income streams than bonds these days, but there are trade-offs involved.

Credit card expert Beverly Harzog explains the best ways to pay off your credit card debt.

Chinese officials brace for Evergrande collapse, fearing economic and social fallout, as a bail out for the property developer looks unlikely.

Billionaire investor John Paulson is divorcing his wife of 21 years, Jenny — and the stage is set for one of the most expensive splits of all time as the couple do not have a prenup, sources have exclusively confirmed to Page Six.

Evergrande's struggle to comply with financial restrictions imposed by regulators to curb rising debt in the Chinese economy has prompted fears a default might cause global shockwaves.

Evergrande troubles have spilled over into other areas of China's economy, hurting both Chinese and offshore investors.

While Evergrande is based in China, the White House is keeping close tabs on the situation.

Invesco Ltd. is in talks to merge with State Street Corp.’s asset-management business, people familiar with the matter said.

Massachusetts is fining MassMutual $4 million after accusing the company of failing to supervise an employee whose online cheerleading of GameStop’s stock helped launch the frenzy that shook Wall Street earlier this year

The company was founded in 2012 by Mr. Garcia’s son, Ernie Garcia III, inside his father’s chain of used-car dealers. Known for its car towers and home delivery, the online car dealer was spun off and taken public in 2017.

This should be the best of times for low-wage workers, as pandemic-induced labor shortages force employers to sharply raise pay. Yet for many, it doesn’t feel that way, because those same disruptions have pushed inflation to near its highest rate in over a decade.