Pnc Financial

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The spurt of technology listings helped lift Goldman Sachs’ equity business far past those of its rivals. Photograph: Brendan McDermid/ Reuters
Global banks rake in record $125bn in fees in 2020

Investment banks across the world generated a record $124.5 billion in fees this year as companies raced to raise cash to outlast the pandemic. The w(...)

Warren Buffett’s Berkshire Hathaway placed a $5.7bn (€4.8bn) bet on four US pharmaceutical stocks in the third quarter. File photograph: Getty
Warren Buffett pulls back on banks and bets on drug makers

Warren Buffett’s Berkshire Hathaway placed a $5.7 billion (€4.8 billion) bet on four US pharmaceutical stocks in the third quarter, as the billionaire(...)

A shuttered business in New York. Photograph: Justin Lane/EPA
US layoffs stay high as weak demand lingers

Weak demand is forcing US employers to lay off workers, keeping new applications for unemployment benefits extraordinarily high, even as businesses ha(...)