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

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’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

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