Economic `Tailwinds Have Lost Their Gust,' Top Fed Official Says

Economic `Tailwinds Have Lost Their Gust,' Top Fed Official Says

Federal Reserve Bank of New York President John Williams, a key economic advisor to Fed Chairman Jerome Powell, said the economy is no longer benefiting from the early-2018 stimulants of tax cuts, low interest rates and buoyant financial markets.

Morgan Stanley Sinks as Profit Misses Estimates Amid Trading Slump

Morgan Stanley Sinks as Profit Misses Estimates Amid Trading Slump

Morgan Stanley reports earnings per share of 80 cents in the fourth quarter, below analysts' forecasts of 89 cents.

Equities are Paramount for Your Portfolio in 2019

Equities are Paramount for Your Portfolio in 2019

Risk is still returning for 2019.

Bank of America Doubles Profit in Fourth Quarter, Beats Estimates

Bank of America Doubles Profit in Fourth Quarter, Beats Estimates

Bank of America's fourth-quarter profit of 70 cents a share beats analysts' estimates of 63 cents.

Goldman Sachs Profit Beats Estimates as New CEO Solomon Takes Over

Goldman Sachs Profit Beats Estimates as New CEO Solomon Takes Over

Goldman Sachs swings to a profit in the fourth quarter, following a loss a year earlier, in new CEO David Solomon's first full financial-reporting period since he succeeded Lloyd Blankfein.

BlackRock's Profit Plunges 60% as Assets Slip Below $6 Trillion

BlackRock's Profit Plunges 60% as Assets Slip Below $6 Trillion

BlackRock, the largest U.S. money manager, suffered from a drop in fees as the stock market's plunge last year sapped investment-advisory fees and caused investor assets under management to slip below $6 trillion.

JPMorgan Earnings Fall Shy of Estimates for First Time in Four Years

JPMorgan Earnings Fall Shy of Estimates for First Time in Four Years

JPMorgan's fourth-quarter profit of $1.98 a share misses analysts' estimates of $2.20, as trading revenue falls short of expectations and costs rise for loan-loss reserves.

UK Lawmakers Reject Theresa May's Brexit Deal; No-Confidence Vote to Follow

UK Lawmakers Reject Theresa May's Brexit Deal; No-Confidence Vote to Follow

U.K. Prime Minister Theresa May suffered a humiliating defeat of her proposed EU exit deal Tuesday, as lawmakers rejected her motion by vote of 432 to 202, setting up the possibility of a collapse of the government and fresh nation elections.

German Growth Slows To Five-Year Low as Trade War Bites Europe's Biggest Economy

German Growth Slows To Five-Year Low as Trade War Bites Europe's Biggest Economy

Germany's economy grew at the slowest pace in five years last year, official data indicated Tuesday, as the ongoing U.S-China trade war, alongside disputes on tariffs between Washington and Brussels, hit Europe's largest economy.

Citigroup Beats Fourth-Quarter Profit Estimates After Slashing Costs

Citigroup Beats Fourth-Quarter Profit Estimates After Slashing Costs

Citigroup's fourth-quarter adjusted profit of $1.61 a share tops analysts' estimates.