Community Financial System CEO defends rich valuation and eyes more deals
Chief executive of the KBW Regional Bank Index component defends his company’s premium valuation based on a higher proportion of net interest income.
Why stock-market investors are freaking out over economic data they used to ignore
Investors are increasingly on edge about incoming economic data as the Federal Reserve works to cut rates and secure a soft landing for the economy
Listed German private-equity firm tumbles after Gotham City short-sale report
Shares of Mutares, a German investor that seeks to turn around medium-sized companies, tumbled after the publication of a short-selling report.
Under-fire Commerzbank sets ambitious profit goal
Shares of Commerzbank, the German bank being pursued by Italy’s UniCredit, soared on Thursday after it forecasted improving profits and shareholder returns.
Treasury yields hold near 3-week highs as traders eye barrage of economic updates
U.S. government bond prices were little changed early Thursday, with the benchmark 10-year Treasury yield hovering near its highest level since early September as investors...
Arizona Cardinals rookie Marvin Harrison Jr. scores a $4.9 million luxury estate
While many college grads his age might balk at such a sum, it’s a tiny portion of the $35 million 4-year contract Harrison signed with...
Boxer Floyd Mayweather Jr. lists $48 million Beverly Hills mansion
The star athlete stands to make a nice profit on the sprawling half-acre estate.
Hong Kong stocks lead global surge on reports of more China stimulus measures
Hong Kong’s equity market hit a one-year high and led a surge in global stocks as the China-stimulus-induced risk-asset rally received further propulsion
Elon Musk snubbed by U.K. over riot comments, report says
Elon Musk won’t be invited to the annual U.K. investment summit that he played a starring role in last year over comments he made about...