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Microsoft (MSFT) announced on Wednesday that it is cutting 10,000 jobs as the tech giant contends with slowing PC and cloud sales.

By all accounts, including Elon Musk’s, Twitter has more than enough money to make its first interest payments, expected to total about $300 million.

Charles Schwab Corp. announced today that its net income for the fourth quarter of 2022 was $2.0B up 25% from $1.6B for the fourth quarter 2021.

The bank's profit plunged 66% in the fourth quarter, with high expenses and weak investment banking revenue.

Morgan Stanley shares soared over 7% in early trading as the bank reported a smaller-than-expected 41% drop in fourth-quarter profit.

Goldman Sachs Group Inc. posted a bigger increase in expenses than analysts expected as it set aside more for compensation in the fourth quarter.

JPMorgan Chase & Co, the biggest lender in the United States, said on Friday it set aside $1.4 billion in anticipation of a mild recession.