Two Wall Street bank CEOs remain cautious on the economy. Here’s why.
Inflation worries remain despite strong earnings as JPMorgan Chase’s Jamie Dimon and David Solomon of Goldman Sachs weigh risks.
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J.P. Morgan Joins Wall Street Banks in Exodus From Climate Coalition Ahead of Trump Presidency
J.P. Morgan is the latest major Wall Street bank to turn on a once-popular United Nations ... Michael Bloomberg and a former governor to the Bank of England, Mark Carney. The move places J.P. Morgan among the likes of Morgan Stanley, Citigroup, Bank ...
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Wall Street soars on record bank profits and cooling inflation
US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.
Wall Street surges as traders digest US and UK inflation data
The FTSE 100 ( ^FTSE) and European stocks were higher on Wednesday as traders digested news that UK inflation unexpectedly fell to 2.5% in December. This was down from 2.6% in November, according to the Office for National Statistics. Economists had expected inflation to stay steady at 2.6%.
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Two Wall Street bank CEOs remain cautious on the economy. Here's why.
chief executive of marquee investment bank Goldman Sachs Group Inc. (GS), didn't take their eyes off potential trouble on the horizon in their quarterly updates to Wall Street in recent days.
Dollar Falls After Report That Immediate Tariffs Under Trump Are Unlikely
The dollar fell to a two-week low after the Wall Street Journal reported that Donald Trump is unlikely impose new trade tariffs on his first day in office as many trading partners had feared.
Bank of England’s PRA Gives Reeves Growth-Friendly Policy Ideas
The Bank of England’s regulatory arm set out a string of ideas that could meet the government’s call to boost economic growth, including a new “concierge service” for foreign firms entering the UK market and streamlining the process for creating new rules.
Conrad Black: Carney isn't an outsider — he's a dyed-in-the-wool liberal like Trudeau
Mark Carney’s claim to be a complete outsider coming from high non-political positions in the public and private sectors, and riding to the renovation of the country, strains credulity. He has been an intimate collaborator of Prime Minister Justin Trudeau for several years,
German executives rally behind warning against 'Wolf of Wall Street' machismo
A LinkedIn post by the CEO of German asset manager DWS warning against growing "anti-woke" rhetoric has sparked a wave of support from other executives ahead of a national election next month. "I am worried that the anti-woke rhetoric will lead us straight back to the macho 'Wolf of Wall Street' era,
The fight to replace Justin Trudeau is on
Mark Carney has run two central banks and championed the green transition. Now he wants to lead Canada’s Liberal Party.
Bank of England to Cut Interest Rates Four Times This Year - Reuters Poll
BENGALURU (Reuters) - The Bank of England will cut interest rates four times this year to support a flat-lining economy, economists polled by Reuters said, but they added that risks to inflation are to the upside, suggesting policymakers may end up doing less.
U.K. Inflation Eases in Boost to Rate-Cut Chances
Inflation cooled to 2.5% at the end of the year, making it more likely that the Bank of England will continue to lower its key interest rate.