The conglomerate posted a 28% decline in quarterly net income after investment gains slumped and the conglomerate’s insurance operations reported lower profits.
U.S. stocks ended mixed after strong jobs data and a modest rebound for AI companies failed to quell investor nerves about the sustainability of the AI boom.
Inflation adjustments to tax brackets, the standard deduction, the child tax credit and more are meant to give taxpayers relief from rising costs of living.
Norges Bank Investment Management and co-lead plaintiff Sjunde AP-fonden, Sweden’s state pension fund, reached a $224.5 million settlement in principle.
Brookfield Asset Management is seeing no let up in fundraising efforts as it tracks toward a record year, driven by the alternative asset manager’s infrastructure franchise as investors seek out real assets for stability and returns.
Global healthcare stocks fell Friday, hit by a rout that reached Europe and Asia and spread across sectors after hammering AI trades and U.S. markets earlier in the week.
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