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Asian shares drop after US stocks' worst day since October

TOKYO (AP) — Asian shares skidded on Thursday as a reality check set in about longtime economic damage from the coronavirus pandemic, giving Wall Street its worst day since October. ...

Asian shares mixed as focus turns to Federal Reserve meeting

Stocks are mixed in Asia as investors focus on the Federal Reserve policy meeting that ends Wednesday. Shares rose in Hong Kong and Tokyo but fell in Seoul and Sydney. Shanghai was ...

American Express 4Q profit fell 15% on virus impact

CHARLOTTE, N.C. (AP) — American Express said its fourth-quarter profits dropped by 15% from a year ago, as the global pandemic kept cardmembers from dining out, traveling and entertaining. ...

Morgan Stanley profits rise 48%, helped by strong markets

CHARLOTTE, N.C. (AP) — Morgan Stanley saw its fourth-quarter profits surge 48% from a year earlier, as the Wall Street bank benefited from the market’s upward swing and investors jubilation for tech s...

Goldman Sachs' profits more than double, despite pandemic

NEW YORK (AP) — Goldman Sachs said its profits more than doubled from a year earlier thanks to a surge in both trading and advising revenue. The New York-based investment bank said i...

Optimistic banks start moving 'bad' loans back to 'good'

CHARLOTTE, N.C. (AP) — The pandemic and recession aren’t over by a long shot, but banks are feeling optimistic enough to start taking potentially “bad” loans off their books and move them back into th...

JPMorgan's profits jump as economy, investment bank recovers

CHARLOTTE, N.C. (AP) — JPMorgan Chase & Co., the nation's largest bank by assets, said its fourth quarter profits jumped by 42% from a year earlier, as the firm's investment banking division had a...

Visa, Plaid call off merger following antitrust pressure

CHARLOTTE, N.C. (AP) — Visa Inc. on Tuesday called off its planned $5.3 billion purchase of payment-processing technology company Plaid, citing the Justice Department's antitrust lawsuit filed last ye...

Wall Street distances itself from Trump, GOP after riots

CHARLOTTE, N.C. (AP) — A growing number of Wall Street banks and businesses have cut ties with President Donald Trump's campaign and financial arms, as well as the broader Republican Party, following ...

Insider Q&A: Bitcoin's massive rise and what comes next

CHARLOTTE, N.C. (AP) — The digital currency Bitcoin rocketed to a record high this month above $35,000 a coin. This comes after the currency languished for two years, plummeting from the previous high...

Bitcoin crosses $40K mark, doubling in less than a month

CHARLOTTE, N.C. (AP) — First it went through $20,000. Then 10 days later, it broke through $25,000, and then, with barely taking a breath, it crossed $30,000. Now only a few days into 2021, the price ...

Bitcoin surges past $20,000, erasing 3 years of deep losses

CHARLOTTE, N.C. (AP) — The price of bitcoin rose above $20,000 for the first time Wednesday, as the speculative digital currency topped its previous peak reached shortly after it became tradable on Wa...

Huntington and TCF in $6 billion tie-up as regionals merge

CHARLOTTE, N.C. (AP) — Huntington Bank will absorb Detroit's TCF Financial in an all-stock deal worth $6 billion, the latest in a string of tie-ups that have led to a crop of new and larger U.S. regio...

Nationstar Mortgage to refund $73M to borrowers under order

CHARLOTTE, N.C. (AP) — Nationstar Mortgage was ordered to repay $73 million to approximately 40,000 homeowners for repeatedly failing to provide even the most basic operations as a mortgage servicing ...

Americans can pay their credit card bills, but for how long?

NEW YORK (AP) — The coronavirus pandemic hasn’t stopped Americans from keeping up with their credit card payments, thanks in large part to government relief programs passed by Congress earlier this ye...