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Wells Fargo Q1 results: Profit declines by 7%, beats market estimates

The bank's net interest income (NII) -- the difference between what it earns on loans and pays out for deposits -- fell 8% to $12.23 billion

JPMorgan Q1 results: Profit rises on interest income strength to $13.42 bn

The biggest US lender's profit was $13.42 billion, or $4.44 per share, for the three months ended March 31. That compares with $12.62 billion, or $4.10 per share, a year earlier

Citi Q1 results: Profit drops as costs rise on employee severance

Net income fell to $3.4 billion, or $1.58 per share, in the three months ended March 31, the bank said on Friday. That compares with $4.6 billion, or $2.19 per share, a year earlier

Apple loses bid to throw out $1 bn British lawsuit over app store fees

Sean Ennis, a competition law professor and economist, is spearheading the case which was filed at the Competition Appeal Tribunal (CAT) last year

BlackRock's Q1 profit rises on higher fee income, AUM jumps to $10.47 trn

Investment advisory and administration fees, typically a percentage of AUM and BlackRock's chief source of revenue, jumped nearly 8.8% to $3.63 billion

US consumer sentiment declines in April, inflation expectations rise

The University of Michigan's preliminary reading on the overall index of consumer sentiment came in at 77.9 this month, compared to a final reading of 79.4 in March

GQG, SBI funds eye investments in Vodafone Idea $2.16 billion share sale

US-based GQG, run by India-born executive Rajiv Jain, plans to invest about $500 million, while SBI Mutual Fund is considering an investment of $200 million to $300 million

Europe maintains steady investor demand amid US-driven ESG backlash

European investors have seven times as much capital in sustainable fund assets than US investors, following five consecutive quarters of US outflows, based on Morningstar data

Australian prosecutors drop billionaire Andrew Forrest's case against Meta

He had pursued the lawsuit under Australian laws that allow an individual to criminally prosecute a foreign corporation with the consent of the attorney general

Oil prices rise but set for weekly loss amid expectations of Fed rate cuts

The gains erased some losses from the previous session, which was dominated by worries about stubborn U.S. inflation that dampened hopes for an interest rate cut as early as June

Vodafone Idea to launch country's largest $2.16 bn follow-on public offer

The public offering will open for bids on April 18 and close on April 22

Russia, Germany, UK urge restraint as Iranian threat puts W Asia on edge

The German airline Lufthansa, one of only two Western carriers flying to Tehran, extended a suspension of its flights to the Iranian capital and Russia warned against travel to West Asia

Brookfield in talks to buy majority stake in credit manager Castlelake

Castlelake, an alternative investment firm, has about $22 billion in assets under management and invests in sectors such as specialty finance and aviation, according to the company website

US Senate committee to hold hearing today on Boeing safety culture report

The panel's report was directed by Congress after fatal 737 MAX crashes in Indonesia in 2018 and Ethiopia in 2019 that killed 346 people, including panel member De Luis' sister in the Ethiopian crash

US predicts Iran attack on Israel, says doesn't want to be drawn into war

The United States has been on high alert about possible retaliatory strikes from Iran and US envoys have been working to lower tensions

Moderate US producer price, cost of services soothes inflation concerns

High inflation and persistent labor market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut to September from June

Brent crude hovers around $90 a barrel as inflation concerns persist

Brent crude futures were down 44 cents to $90.04 a barrel at 1321 GMT, while US West Texas Intermediate crude futures lost 58 cents to $85.63 a barrel

US dollar turns lower after producer prices for March, jobless claims data

A separate report showed the U.S. initial jobless claims were 211,000 for the week ended April 6, compared with a forecast for 215,000 claims

Nike pins hopes on Olympic Games in Paris to win back market share

Nike spotlighted its 'Air' cushioning technology, used in everything from marathon shoes to sneakers, and its knit materials that make shoes lighter

China vows strong support for equipment, consumer goods trade-in plans

Last month, China's cabinet issued an action plan containing detailed measures to promote an initiative designed to boost investment and consumption