The University of Michigan's index of consumer sentiment rises to a reading of 95.5 in February from 91.2 the prior month, contrasting with a separate report earlier this week from the Census Bureau that showed retail sales fell in January by the most in nine years.
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.
Wednesday's market movements were, in several ways, a microcosm of what U.S. are most focused on.
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.
Newsom cites costs, delays for limiting rail program to California's central valley.
Loans to companies with low credit ratings swelled by 15% last year to $1.3 trillion, prompting warnings from the Federal Reserve and International Monetary Fund. Yet Wall Street firms that are deeply immersed in the market, from banks including JPMorgan Chase to private-equity firms like Blackstone, say they don't see what the problem is.
So, if there's no inflation anywhere, why have gold prices rallied 11% in six months?
Rob Isbitts, chief investment officer of Sungarden Fund Management, says investors need to be ready for a market that is profitable -- until it quickly turns dangerous.
The combination of the two southeastern U.S. lenders would be the biggest bank merger in a decade and would create a regional powerhouse with an estimated $76 billion market value.
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