As campaigning in Britain's referendum on European Union membership enters its final week, central banks cooperate to prevent financial panic if the 'leave' camp prevails.
06/16/16 - 06:04 AM EDT
By Lisa Botter
The Federal Open Market Committee is expected to make an incremental rate increase at its June meeting.
06/03/16 - 05:53 AM EDT
Tickers in this article: GM
The U.S. economy adds 128,000 new positions in October even as a strike at General Motors skews the Labor Department's official monthly jobs tally.
11/01/19 - 10:00 AM EDT
In a widely expected move, the Federal Reserve lowered its benchmark interest rate by 25 basis points Wednesday to a range of 1.75% to 2%.
09/18/19 - 03:30 PM EDT
The National Federation of Independent Business says its optimism index falls by 1.6 points to a reading of 103.1 in August.
09/10/19 - 09:35 AM EDT
XRP recently strengthened its hand through a major deal with money-order giant MoneyGram.
08/20/19 - 12:30 PM EDT
Big Wall Street firms like JPMorgan Chase, Citigroup and Goldman Sachs, which are scheduled to release their second-quarter results next week, probably suffered revenue declines in their juggernaut bond- and stock-trading divisions, analysts say.
07/12/19 - 11:30 AM EDT
Bank of America economists last week had projected that the Federal Reserve wouldn't cut interest rates at a meeting later this month - a remarkable out-of-consensus call by the second-largest U.S. bank. But after Fed Chairman Jerome Powell's testimony on Wednesday before the House of Representatives, the economists now say there's little point in resisting the central bank's apparent resolve to move forward with a reduction.
07/11/19 - 08:59 AM EDT
Futures-market investors see it as an absolute certainty that the Federal Reserve will cut interest rates later this month. But a few bold economists, including Pantheon's Ian Shepherdson, say the conviction isn't warranted.
07/09/19 - 11:55 AM EDT
Futures-market investors see it as a near-certainty that the Federal Reserve will cut interest rates later this month, after raising them from 2015 through last year. But a new report from Goldman Sachs warns that shareholders in U.S. banks like JPMorgan may not have fully accounted for the risk of shrinking lending margins.
07/08/19 - 10:00 AM EDT
Despite a slowdown, U.S. manufacturers are still in expansion mode, and that may make it harder for the Federal Reserve to justify interest-rate cuts, Bank of America says in a new report.
07/02/19 - 10:05 AM EDT
When it comes to his oft-stated goal of reducing the U.S. trade deficit, President Donald Trump isn't winning. The current account deficit - a broad measure of the trade balance that also encompasses some investment flows - has averaged $48.9 billion a month so far in 2019, roughly 17% higher than in 2016, the last full year before Trump took office.
06/28/19 - 08:45 AM EDT
The U.S. economy is days away from its longest expansion in history, thanks in part to a dovish central bank and robust tax cuts. But with corporate earnings slowing, consumer confidence waning and global risks mounting, investors are asking if the 10-year boom will survive the second half of an extraordinary year for financial markets.
06/27/19 - 12:30 PM EDT
Some traders have speculated that China might liquidate its $1.1 trillion of U.S. Treasury bonds as a way of striking back against President Donald Trump's tariffs on imports from the country. But such a scenario might hide the real urgency: The Chinese government might need the cash, according to the wealth manager deVere Group.
05/21/19 - 08:00 AM EDT