Charles Schwab’s fourth-quarter profit soars on higher asset management fees
(Reuters) – Brokerage firm Charles Schwab (NYSE:SCHW) said on Tuesday that its profit rose 44% in the fourth quarter driven by a jump in asset management fees, sending its shares up more than 6% in premarket trading. WHY IT’S
Trump to make “massive” infrastructure announcement, White House says
WASHINGTON (Reuters) -U.S. President Donald Trump will make an infrastructure announcement on Tuesday, White House Press Secretary Karoline Leavitt said. “It’s going to be a massive announcement and it’s going to prove that the world knows that America is back,” Leavitt
In Davos, Scholz calls for ‘cool heads’, cautious optimism in face of Trump
DAVOS, Switzerland (Reuters) -Chancellor Olaf Scholz voiced cautious optimism on Tuesday on the potential for German-U.S. relations under President Donald Trump, citing good first talks with his administration, but stressed the importance of “cool heads” in the face of uncertainty. “The
Fifth Third Bancorp’s quarterly profit rises on fee income boost
(Reuters) – Fifth Third Bancorp (NASDAQ:FITB) reported a rise in fourth-quarter profit on Tuesday, driven by a recovery in dealmaking across the industry and higher wealth and asset management fees. Shares of the lender were up 1.5% in premarket trading. They
China is not seeking a trade surplus, vice premier says
DAVOS, Switzerland (Reuters) – China is not seeking a trade surplus and is willing to import more competitive and high-quality products and services to balance trade, Ding Xuexiang, the country’s vice premier, said on Tuesday. Addressing the 55th annual World Economic