Consumers, businesses likely spurred U.S. economic pickup in second quarter

WASHINGTON (Reuters) – The U.S. economy likely accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, which would confirm that the sluggish performance early in the year was temporary. Gross domestic product...

BNP Paribas delivers earnings beat with strong revenues from investment banking division

France’s largest bank BNP Paribas announced Friday that it delivered a top and bottom line beat in the second quarter, against consensus estimates, as its diversified banking model helped it to weather the recent trading activity downturn more successfully than...