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MONEY NEWS FROM THE ASSOCIATED PRESS

Money

  • Profits at Goldman Sachs surge in 1Q, helped by trading

    NEW YORK (AP) — Investment bank Goldman Sachs saw its profits nearly quintuple in the first quarter, driven by a massive surge of revenue from its core investment banking and trading operations. The jump in profits is similar to that seen at JPMorgan Chase, which also reported its results on Wednesday, although unlike JPMorgan, Goldman’s […]
  • EU throws weight behind Pfizer-BioNTech and new technology

    BRUSSELS (AP) — In a stinging rebuke to pharma giant AstraZeneca Thursday, the European Union announced plans to negotiate a massive contract extension for Pfizer-BioNTech’s COVID-19 vaccine insisting the 27-nation bloc had to go with companies that had shown their value in the pandemic. “We need to focus on technologies that have proven their worth,” […]
  • Coinbase is here … a digital currency exchange goes public

    Wall Street will be focused on Coinbase Wednesday with the digital currency exchange becoming a publicly traded company. Coinbase is making its initial public offering of stock with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. It is being incorporated into the business plans and accepted by major corporations like Tesla, PayPal and […]
  • JPMorgan 1Q profit up sharply, helped by improving economy

    NEW YORK (AP) — JPMorgan Chase saw its first-quarter profit jump nearly five fold from a year earlier, as the improving economy allowed the bank to free up roughly $5 billion that it had stored away to guard against loan defaults in the early weeks of the pandemic. The nation’s largest bank by assets said […]
  • How to fill in your financial blind spots

    Knowing enough about money to cover your bills is a start, but it’s not enough financial literacy to provide long-term security. Most of us eventually wonder what else we should be doing — and whether what we don’t know could hurt us. “When you have a blind spot, you don’t realize until something blindsides you,” […]
  • Edmunds: How to test-drive vehicle technology

    New vehicles are brimming with technology that can enhance convenience, connectivity and driver safety. But the tech can also be unfamiliar to car shoppers, especially those who haven’t purchased a vehicle in the past five years or more. This poses a problem when it comes to the traditional test drive. It’s one thing to evaluate […]
  • McDonald’s to mandate anti-harassment training worldwide

    McDonald’s will mandate worker training to combat harassment, discrimination and violence in its restaurants worldwide starting next year, the company said Wednesday. The training requirement will impact 2 million workers at 39,000 stores worldwide. “It’s really important that we be very clear: a safe and respectful workplace where people feel like they’re going to be […]
  • EU, UK set meeting over Northern Ireland trade rules

    BRUSSELS (AP) — European Commission Vice-President Maros Sefcovic and the United Kingdom Brexit minister David Frost will hold talks Thursday in Brussels to discuss Northern Ireland trade rules, the EU said on Wednesday. The meeting will take place a month after the EU started legal action against the United Kingdom, arguing the former member did […]
  • EU, UK set meeting over Northern Ireland trade rules

    BRUSSELS (AP) — European Commission Vice-President Maros Sefcovic and the United Kingdom Brexit minister David Frost will hold talks Thursday in Brussels to discuss Northern Ireland trade rules, the EU said on Wednesday. The meeting will take place a month after the EU started legal action against the United Kingdom, arguing the former member did […]
  • EU court rejects 2 Ryanair challenges of airline subsidies

    BRUSSELS (AP) — A top European Union court dealt another blow to Ryanair on Wednesday and rejected the low-cost carrier’s arguments that the aid Sweden, Denmark and Finland gave two other airlines to get through the COVID-19 crisis was illegal. The Luxembourg-based EU General Court said the subsidies Denmark and Sweden granted to Scandinavian carrier […]