Minutes from the Fed's January meeting, scheduled for release on Wednesday, could show the extent to which officials discussed terminating or modifying a plan to reduce the central bank's roughly $4 trillion balance sheet, which more than quadrupled in size during the financial crisis. And at least one top economist is already predicting that the central bank might cut interest rates later this year as growth slows.
Spain's Prime Minister, Pedro Sanchez, called for a snap election Friday in an effort to break a budget deadlock in Europe's fourth-largest economy that threatens to revive tensions linked to Catalonia's failed independence vote in 2017.
JPMorgan Chase, whose CEO Jamie Dimon once described bitcoin as a fraud, introduces a new 'JPM Coin' for customers to use to make payments among themselves.
Our Retirement Daily's Robert Powell helps you make sense of the tax reform and what it means for you.
The five-decade Wall Street analyst Dick Bove just couldn't bring himself to raise money for a bank-stock fund at a time when he thinks banks are likely to be lousy stocks.
Bank of America gave CEO Brian Moynihan a 15% pay raise last year to $26.5 million, a new regulatory filing shows. His rival, JPMorgan Chase CEO Jamie Dimon, took home higher total pay last year with $31 million, but only got a 5% raise.
The U.S. Dollar traded at a five week high against its top global peers Friday as investors plowed cash into safe-haven assets amid questions over the fate of trade talks between Washington and Beijing and deepening concerns for world economic growth.
The European Commission slashed its growth forecast for the European economy Thursday, but stopped short of predicting a deeper recession in Italy, as the region braces for the impending departure of its biggest trading partner when Britain leaves the bloc at the end of next month.
The U.K. pound traded sharply lower against the U.S. dollar Tuesday after a key reading of activity in the country's services sector, the largest portion of the British economy, slowed to the lowest level in nearly three years last month amid the uncertainty surrounding Britain's exit from the European Union.
Bill Gross, one of the best known fixed income investors in the world, will retire from Janus Henderson to focus on managing his charitable foundation, the firm said Monday.
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