U.K. Inflation Eases in Boost to Rate-Cut Chances
Inflation cooled slightly to 2.5% in December, adding to the likelihood the Bank of England will move to cut interest rates against a difficult economic backdrop.
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.
New York Sun13d
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 ...
CNN on MSN6d
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%.
Morningstar5d
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.
The Daily Telegraph6d
Cut rates six times this year to boost ‘gloomy’ economy, says Bank official
Wall Street’s main stock indexes opened higher ... Traders are now betting that the Bank of England will cut interest rates twice this year, and expect the Federal Reserve to cut rates by ...
U.K. Inflation Eases Unexpectedly, Boosting Chances of BOE Rate Cut — 2nd Update
Output contracted at the start of the year's final quarter and is forecast to have recovered only slightly in November. Confidence plunged to its lowest point in two years at the end of the year, according to a business survey published Wednesday by the Institute of Chartered Accountants in England and Wales.
Reeves ‘faces £20bn black hole’ as economy slumps
Rachel Reeves faces a £20bn black hole in the public finances due to soaring interest rates and crumbling economic growth, economists at JP Morgan have warned...
Goldman Picks Leaders to Run Wall Street Engines in Revamp
Goldman Sachs Group Inc. is promoting a slate of star executives to run its biggest Wall Street business lines, spotlighting the firm’s next generation of leadership.
Yahoo Finance5d
Bank of America and Morgan Stanley cement a Wall Street revival
Fourth-quarter 2024 profits at Bank of America (BAC) and Morgan Stanley (MS) more than doubled, cementing a Wall Street revival that has dealmakers optimistic about the coming Trump era in 2025.
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,