JPMorgan’s third-quarter earnings report offered both a bang and a whimper. The whimper echoed louder in the ears of investors. The bang: JPMorgan’s revenue rose 5.2% to $27.8 billion, beating analyst expectations by $380 million. Earnings came in at $2.34 a share, again beating forecasts by eight cents. For a few glorious moments, investors cheered…
JUST a year ago the world was enjoying a synchronised economic acceleration. In 2017 growth rose in every big advanced economy except Britain, and in most emerging ones. Global trade was surging and America booming; China’s slide into deflation had been quelled; even the euro zone was thriving. In 2018 the story is very different.…
ON THE campaign trail, Imran Khan, Pakistan’s new prime minister, presented himself as the man to break the country’s addiction to hand-outs from the West. Whereas previous governments used to go begging to the IMF for funds, he said, his Pakistan Movement for Justice (PTI) would focus instead on recouping billions of dollars hidden from…
Mario Tama/Getty Images Stocks fell Wednesday as Wall Street sweats over global growth prospects and a bond selloff. The 2-year yield hit its highest level since 2008. Trade-sensitive industrial stocks also fell as tensions between Washington and Beijing persisted. Stocks fell Wednesday as concerns about global economic growth and ongoing trade tensions continued to hang…
Paulo Whitaker/Reuters US equity markets were under pressure Thursday as the 10-year yield touched its highest level since the spring of 2011. Selling weighed heaviest on the tech-heavy Nasdaq, which saw losses in excess of 2%. Super Micro Computers crashed more than 50% after it was reported that Chinese spies implanted tiny chips in server motherboards…
WASHINGTON (Reuters) - The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the U.S. economy would enjoy at least three more years of growth. In a statement that marked the end of the era of “accommodative” monetary policy, Fed policymakers lifted…
print-edition icon Print edition | Finance and economics Sep 1st 2018 | NEW YORK THE document is dry, dusted with references to “benchmarks”, “performance evaluation” and “a metric-based framework”. But the 25 pages published on August 28th by the Office of the Comptroller of the Currency (OCC), one of America’s federal bank regulators, may start…
By CHRIS CIRILLO | Nov. 28, 2017 | 1:57 A handful of Republican senators are on the fence about President Trump’s tax plan. Here are their concerns. Related: article: Senators Scramble to Advance Tax Bill That Increasingly Rewards Wealthy
