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.
The kick will come from the Chinese capitulating because their economy is so weak.
Morgan Stanley reports earnings per share of 80 cents in the fourth quarter, below analysts' forecasts of 89 cents.
This shutdown is starting to feel different from those that we have experienced in the past, is it not?
Bank of America's fourth-quarter profit of 70 cents a share beats analysts' estimates of 63 cents.
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.
Are you ready for more rate hikes?
Greg McBride, chief financial analyst at Bankrate, breaks down how the Fed's rate hikes could impact the economy.
What is China's weak export data revealing about crude oil?
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