U.K. Prime Minister Theresa May formally requested a second extension to Britain's Brexit deadline Friday as she continues talks with opposition party lawmakers in London in an attempt to break a months-long deadlock, and a simmering political crisis, in what could be the final act of her two-year term in office.
Picking between the stocks of two industry leaders can be tough, as is the case with Nike and V.F. Corp.
JPMorgan CEO Jamie Dimon says he doesn't currently expect the U.S. economy to tip into recession, but the risks are growing from 'bad policy,' and he lamented the loss of certainty in American global leadership. Spoiler alert: He didn't mention President Donald Trump.
Germany reported its weakest set of factory goods orders in more than two years in February, as Europe's biggest economy continues to find itself exposed to a global manufacturing slowdown and the ongoing U.S.-China trade war.
Despite signals from the bond market that the U.S. economy might be headed toward a recession, few chief financial officers are preparing defensive business plans, and more of them are planning to invest extra cash rather than paying it out to shareholders, according to a new survey from the accounting firm Deloitte.
Regulators have warned against the creeping use of technology in traditionally human-intensive decisions like whether to make a loan, and at what interest rate. But a new study shows that the online platform LendingClub might be just as good at lending as the largest banks.
Despite buoyant stock markets in the first quarter and a rally in Treasury bonds, the biggest U.S. banks probably suffered steep declines in trading and investment-banking revenue during the period, partly due to the U.S. government's shutdown, according to Goldman Sachs analysts.
A steep drop in aircraft orders in February helped to drive a larger-than-expected drop in durable goods orders. The orders fell by 1.6%, according to the Census Bureau, greater than the 0.8% drop projected by economists.
The U.K.'s Brexit crisis deepened Tuesday as the European Union's chief negotiator warned Britain faces crashing out of the bloc in ten day's time unless lawmakers can find a way out of the current impasse.
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