Six years after the financial industry pledged to use trillions to fight climate change and reshape finance, its efforts have largely collapsed.

The biggest US banks cut their combined headcount last year by the most in almost a decade as executives sought to keep a lid on costs through what’s typically the biggest expense line item.

Trump announced tariffs on eight NATO allies and said earlier in the week that countries that do business with Iran would be hit with a 25% duty.

Goldman Sachs regained its crown as the top investment bank for equities trading in the fourth quarter, ending Morgan Stanley’s three-month period of supremacy over its longtime

Stocks edged a bit lower on Wall Street Friday as the first week of corporate earnings season ended with markets trading near record levels. The wobbly day for stocks closed out a week of similar movements for major indexes amid profit reports from banks and updates on inflation.

Revenues were up across the board of the leading financial firms, with trading, banking and lending all busy.

Trump supporters on Wall Street are desperate for the federal investigation into Federal Reserve Chair Jerome Powell to end, according to a report. Financial heavyweights fear the latest probe into one of the president’s nemeses could spook markets and hinder the economy,

Wall Street is bouncing back. The S&P 500 rose 0.6% Thursday and was on track to break the two-day losing streak it’s been on since setting an all-time high.

President Trump’s affordability push ahead of the midterm elections has turned some of the financial sector’s darlings into punching bags.

Nvidia was the second-strongest performer in the Magnificent Seven in 2025, trailing only Alphabet. Often, the best continue to rise. Evercore ISI analyst Mark Lipacis is the analyst with the $352 Street-high price target for Nvidia.