JPM Earnings: Boarding Up the Windows
Last month, Jamie Dimon put the markets on notice as he said his bank was preparing for a “hurricane”. Today,…
2022
Emirates slams Heathrow Airport’s order to cut flights
LONDON (AP) — Mideast carrier Emirates on Thursday rejected a demand by London’s Heathrow Airport for airlines to cut the…
Fed board member opens door to 1-point hike if demand rises
WASHINGTON (AP) — Christopher Waller, a member of the Federal Reserve’s Board of Governors, said Thursday that he would be…
Fed’s Waller Backs 75-basis-point July Rate Hike, May Support Bigger Move
By Ann Saphir (Reuters) -Federal Reserve Governor Christopher Waller said on Thursday he supports another 75-basis-point interest rate increase at…
Average long-term US mortgage rates bounce back up to 5.51%
WASHINGTON (AP) — Average long-term U.S. mortgage rates were back up this week, just as the latest government data shows…
Zara Founder Ortega In Talks To Buy $500-million New York Skyscraper
MADRID (Reuters) – Spanish billionaire and Zara founder Amancio Ortega is in talks to buy a 64-floor skyscraper in New…
Lower-cost U.S. Cities Drove Pandemic Wage Gains, ADP Study Shows
By Howard Schneider WASHINGTON (Reuters) – Big wage gains for lower-paid U.S. workers, a hallmark of the pandemic economy, were…
US weekly jobless claims at highest point in nearly 8 months
WASHINGTON (AP) — The number of Americans applying for unemployment benefits last week hit its highest level in nearly 8…
JPMorgan 2Q profit drops; CEO warns of economic challenges
NEW YORK (AP) — Profits at JPMorgan Chase fell by 28% in the second quarter as the bank tries to…
Wholesale inflation in June surged 11.3% from a year ago
WASHINGTON (AP) — Inflation at the wholesale level climbed 11.3% in June compared with a year earlier, the latest painful…