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Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025. Tom Williams | Cq-roll Call, Inc. | Getty ImagesBank of America on Wednesday posted third-quarter results that exceeded analysts’ expectations on stronger-than-expected investment banking revenue.Here’s what the company reported:Earnings per share: $1.06 vs. 95 cents expected, according to LSEGRevenue: $28.24 billion vs. $27.5 billion expected, according to LSEGThe second-largest U.S. bank by assets said profit rose 23% from a year earlier to $8.5 billion, or…

U.S. Treasury yields rose on Wednesday as investors monitored the latest developments in the U.S.-China trade war.The 10-year Treasury yield was up 1 basis point to 4.034% and the 2-year Treasury yield rose nearly 3 basis points to 3.504%. The longer maturity 30-year Treasury bond yield was little changed at 4.626%.One basis point is equal to 0.01% and yields and prices move in opposite directions.Investors are keeping an eye out for the latest moves in the rift between China and the U.S.President Donald Trump on Tuesday threatened China with a cooking oil embargo in retaliation for Beijing not buying U.S. soybeans.Meanwhile, China put new sanctions…

A Pony.ai AION robot taxi is displayed during the 21st Shanghai International Automobile Industry Exhibition at the National Exhibition and Convention Center in Shanghai on April 23, 2025. Wang Zhao | Afp | Getty ImagesAutonomous driving firms Pony.ai and WeRide have received approval from China’s securities regulator for secondary listings in Hong Kong, as the companies look to raise funds and continue their global expansion. The China Securities Regulatory Commission announced Tuesday that both companies had filed to issue and list shares in Hong Kong. Chinese companies seeking a foreign listing are required to file an application with the CSRC in advance,…

KUWAIT: 1907: Sheikh Mubarak Al-Sabah, Kuwait’s 7th ruler, and the British political agent agreed on leasing Al-Shuwaikh harbor for docking ships of the British navy fleet.1956: Kuwait government printing house was inaugurated. The facility was printing government publications including the official gazette, monthly pan-Arab Al-Arabi Magazine, Holy Quran and Arab tradition publications.1967: Abdullah Al-Fadhala, a singer, writer and composer, died at the age of 67. He was the first citizen to use piano in Kuwaiti music, and the first to record songs outside the State of Kuwait.1983: Kuwait Airways took delivery of the first plane, Airbus A-310, as part of…

Aaron Drinan has netted eight league goals for Swindon so far this season and is currently on a six-game scoring streak.Coventry’s Haji Wright is level with him, but only Erling Haaland (9) has scored more across the top four divisions of English football. With just 10 games played, it is already the 27-year-old’s second-best return in a season in his career.The man some Swindon fans are calling ‘Drinaldo’ is making it look easy at the moment; he was a shoo-in for Sky Bet League Two Player of the Month for September. Drinan’s record in 2025/26 Walsall (a) – ❌ Cambridge…

Workers assemble an Volkswagen’s ID.3 GTX FIRE+ICE electric car on a production line at the Volkswagen electric car factory on October 13, 2025 in Zwickau, Germany. Jens Schlueter | Getty Images News | Getty ImagesAutomotive industry groups have raised the alarm over the ramifications of China’s latest move to restrict critical rare earth exports, saying the measures could pave the way to a period of supply chain chaos.China’s Commerce Ministry last week announced expanded curbs on the export of rare earths and related technologies, seeking to prevent the “misuse” of minerals in the military and other sensitive sectors.Beijing has since…

ATHENS (AP) — Riot police scuffled with medical staff at an Athens public hospital on Wednesday during a protest over the state of public health services held during a visit to the facility by Prime Minister Kyriakos Mitsotakis.Police in riot gear fired volleys of pepper spray and used shields and batons to push away doctors at the University General Hospital Attikon who were demanding to meet with Mitsotakis, local media reported. The health workers were protesting staff shortages, low pay and poor working conditions.Mitsotakis, accompanied by Health Minister Adonis Georgiadis, was visiting the hospital in western Athens to attend the…

This report is from this week’s CNBC’s The China Connection newsletter, which brings you insights and analysis on what’s driving the world’s second-largest economy. You can subscribe here.The big storyWhile tensions flare with the U.S., China is charting its course for the next five years.Chinese President Xi Jinping and the country’s top leaders, known as the Central Committee, will meet next week from Monday to Thursday for a planning meeting called the “Fourth Plenum.”The gathering reminds the U.S. government, on the verge of possibly its longest shutdown in history, that China is a big believer in planning. Beijing has held the strategy-setting meeting…

Waymo self-driving cars with roof-mounted sensor arrays traveling near palm trees and modern buildings along the Embarcadero, San Francisco, California, February 21, 2025. Smith Collection/gado | Archive Photos | Getty ImagesAlphabet’s Waymo is bringing its driverless ride-hailing services to London, the first European market for its robotaxi.The company said in a release on Wednesday that it plans to start test drives on London’s roads in coming months, with human safety specialists at the wheel. It intends to open its robotaxi service next year, assuming it can get permissions from regulators as well as local and national leaders.London will mark the company’s…

Oct 15, 2025, 04:51 AM ETFormer Spain coach Julen Lopetegui has said “life owed me a World Cup” after guiding Qatar to next year’s top football tournament.Qatar won 2-1 against the United Arab Emirates in Al Rayyan on Tuesday to book their World Cup spot.”It seems like life owed me a World Cup, and fortunately, today I got it,” Lopetegui, 59, said.”It’s a reward that I’m grateful for.”As a player, Lopetegui was part of Spain’s squad at the 1994 World Cup squad but was third-choice goalkeeper and did not play.He was denied the chance to coach his national team at…