Dollar strength is affecting the competitive advantage of U.S. companies around the globe, and it is a more insidious problem that most people recognize.
There is strong precedent for aggressive rate cuts once the Fed gets started.
Bank of America economists estimate that the 35-day-old partial U.S. government shutdown will shave 0.2 percentage points off first-quarter growth in gross domestic product.
Some Wall Street analysts are starting to warn that big banks like JPMorgan Chase might have to start paying higher rates on deposits to keep customers from defecting to smaller banks with better offers, or to online-only lenders that don't have to cover the costs of maintaining hundreds or thousands of branches.
JPMorgan Chase CEO Jamie Dimon says he doesn't worry about the ups and downs of financial markets. Yet the bank's trading business, Wall Street's biggest, has proved remarkably consistent -- and resilient.
Morgan Stanley reports earnings per share of 80 cents in the fourth quarter, below analysts' forecasts of 89 cents.
Why does the debt ceiling matter?
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.
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