As a result of the U.S. Federal Reserve's stricter monetary policy and higher interest rates, Wells Fargo & Co. on Friday exceeded earnings forecasts for the first quarter.   In contrast to a discharge of $787 million a year earlier, the bank set aside $1.21 billion in the quarter to...

The world's largest luxury company, LVMH, announced first-quarter sales that were up 17%, more than doubling analysts' predictions as China quickly recovered from COVID-19 lockdowns.   For the three months ending in March, sales at the French corporation, which owns the Louis Vuitton and...

The American industrial company Emerson Electric announced that it would acquire National Instruments (NI), a maker of measuring instruments. The transaction will cost $8.2 billion. Emerson will pay $60 per share to NI investors, a 14.1% premium above the price on Tuesday. NI specializes in...

David Sabow, who most recently served as the head of Silicon Valley Bank's technology and healthcare banking division for the California-based bank that failed last month, has recruited dozens of Silicon Valley Bank bankers for the US division of HSBC Holdings plc.   According to a statement...

In order to augment output from the Megapack factory in California, Tesla Inc. is constructing a facility in Shanghai that can produce 10,000 Megapack energy products annually, the firm announced in a tweet on Sunday.   Chinese state-run news agency Xinhua broke the story first.  ...

According to FactSet analysts' predictions, companies in the S&P 500 index will experience an average 6.8% decline in net profit during the first quarter of this year compared to the same period last year, reports The Wall Street Journal. If the expectations come true, it will mark the second...

According to persons familiar with the situation, the Financial Times reported on Friday that JPMorgan Chase & Co. is under investigation by US regulators about the due diligence the firm performed on several of its prior acquisitions.   Following the bank's acquisition of hundreds of...

Toyota Motor Corp. plans to launch 10 new battery-powered models and hopes to sell 1.5 million electric vehicles annually by 2026. The company is striving for rapid expansion in a market where it has long been outperformed by competitors.   Senior executives revealed plans for the company's...

Microsoft will pay a three million dollar fine for 1,300 violations of sanctions. According to a document from the U.S. Treasury Department, Microsoft will pay nearly $3 million to resolve more than 1.3 thousand violations of American sanctions against Cuba, Iran, Syria, and Russia. The Office of...