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Investing.com– Most Asian stocks moved in a flat-to-low range on Tuesday as investors remained on edge ahead of earnings from some of the world’s biggest companies this week, while more cues on U.S. interest rates were also in focus.

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Bank of America Corp. (NYSE:BAC) delivered a robust financial performance in the first quarter, with net income reaching $6.7 billion and earnings per share (EPS) at $0.76, despite a $0.07 reduction due to an FDIC special assessment expense.

Morgan Stanley (MS) has reported robust first-quarter results for 2024, marking a significant surge in its wealth management business. The firm announced $15 billion in revenue, alongside an earnings per share (EPS) of $2.02 and a return on tangible equity of 20%. The company\’s wealth management division recorded record revenues and net new assets totaling $95 billion.

(Reuters) – A top federation of U.S. labor unions has urged Norfolk Southern (NYSE:NSC) shareholders to vote against Ancora\’s director candidates, arguing the hedge fund\’s plans for the railroad would compromise safety and improvements being considered.

BNY Mellon (NYSE: BK) delivered a strong performance in the first quarter of 2024, with a 3% year-over-year (YoY) increase in total revenue to $4.5 billion and an 11% rise in earnings per share (EPS) to $1.25. The company experienced growth across various segments, including investment services fees and a notable 8% increase in servicing fees.

M&T Bank (NYSE: MTB) has released its first-quarter financial results for 2024, showcasing a mix of strong loan growth and controlled expenses, alongside community-focused initiatives. The bank reported a stable Common Equity Tier 1 (CET1) ratio and a slight decrease in net interest income, while expenses only increased marginally compared to the previous year.

(Reuters) -Companies in the United States and Canada have kicked off 2024 with thousands of job cuts across sectors, signaling that the spate of layoffs seen in 2023 could persist as they scramble to rein in costs.

By Svea Herbst-Bayliss and Dawn Chmielewski

(Reuters) – Hollywood performers and media professionals have reached a tentative deal with major record labels such as Warner Music Group and Sony (NYSE:SONY) Music Entertainment that includes increases in minimum salaries and protections against the use of AI.

WASHINGTON (Reuters) -Republican U.S. lawmakers on Friday criticized the Biden administration after sanctioned Chinese telecoms equipment giant Huawei unveiled a laptop this week powered by an Intel (NASDAQ:INTC) AI chip.

BEIJING (Reuters) – Former China Everbright (OTC:CHFFF) Group Chairman Tang Shuangning has been charged with taking bribes and corruption, Chinese state media reported on Friday.