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Fourth-quarter profits at Bank of America and Morgan Stanley more than doubled as both benefitted from a Wall Street dealmaking revival that also lifted results at their rivals.

News of the day for Jan. 16, 2025

OCC prices are down from recent highs in 2024. This plays into packaging producers’ bottom lines as they try to balance economic factors such as input costs and new capacity.

On Thursday, UnitedHealth Group (NYSE:UNH) reported the fourth-quarter 2024 earnings and reaffirmed 2025 guidance. The company reported adjusted EPS of $6.81, up from $6.16 a year ago, beating the consensus of $6.72. Revenues increased 6.8% year over year to $100.8 billion, missing the consensus of $101.76 billion. Fourth-quarter adjusted earnings from operations of $8.3 billion exclude the cyberattack direct response costs and South American impacts. The full-year medical care ratio was 85.5% c

Commercial vehicle finance grows, but new car and machinery sectors report falls, says FLA.

UnitedHealth Group shares fell in premarket trading Thursday after the company reported fourth-quarter results that missed analysts' expectations.

The regulation would have paved the way for increased enforcement against anticompetitive practices in the meatpacking industry.

The catastrophic wildfires in Los Angeles County have rocked the stock of Edison International, the parent company of Southern California Edison.

If the rise of Donald Trump has taught us anything about politics, it’s to expect the unexpected – but with his second term as President just a few days away, there are a few things that we can confidently predict. Prime among these is a drastic change in American energy policy. A supportive policy for energy will likely include both new exploration and new drilling activities – and that will open up plenty of opportunities as oil and gas companies expand their revenue bases. Morgan Stanley’s se

Stocks are set to extend their biggest gain since the November election with jobs and retails sales data in focus.