NEW YORK (Reuters) -JPMorgan Chase on Monday raised its forecast for net interest income (NII), or the difference between what it makes on loans and pays out on deposits, to $91 billion, excluding the markets division. Shares of the bank rose about 1% in premarket trading ahead of the bank’s investor day event scheduled to…
By Steve Holland and Doina Chiacu WASHINGTON (Reuters) – The United States and Saudi Arabia are close to a final agreement on a bilateral agreement after the U.S. national security adviser made significant progress in talks with the Saudis over the weekend, the White House said on Monday. White House national security spokesperson John Kirby…
GRUENHEIDE, Germany (Reuters) – Tesla got the go-ahead for an expansion of its German factory in Gruenheide near Berlin from the local council on Thursday despite protests against the U.S. electric vehicle maker’s plans. The green light from the Gruenheide council is just the first in a series of hurdles Tesla needs to clear before…
By Saqib Iqbal Ahmed and Lewis Krauskopf NEW YORK (Reuters) – The Dow Jones Industrial Average, a laggard among the major U.S. stock indexes this year, got its moment in the spotlight on Thursday as it briefly broke above 40,000 points for the first time in its history. The record on the Dow – as…
(Reuters) -President Joe Biden and former President Donald Trump will face each other in the U.S. presidential election on Nov. 5 in what looks set to be a divisive, closely fought contest. Several third-party hopefuls are also running. Here is a list of the candidates: REPUBLICAN PARTY DONALD TRUMP Trump, in office from 2017-2021, has…
WASHINGTON (Reuters) – White House National Economic Adviser Lael Brainard said on Thursday China’s industrial capacity and exports in certain sectors are so large, they can undermine the viability of investments in the United States. “China is now simply too big to play by its own rules,” Brainard said during remarks at the Center for…
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday upheld the Consumer Financial Protection Bureau’s funding mechanism in a challenge brought by the payday loan industry, handing a victory to President Joe Biden’s administration and a setback to the agency’s conservative critics. The 7-2 decision, authored by conservative Justice Clarence Thomas, reversed a…
By Boldizsar Gyori, Karol Badohal and Jan Lopatka LEVICE, Slovakia (Reuters) – A 71-year-old former security guard charged on Thursday with the attempted murder of Slovak Prime Minister Robert Fico is the author of three collections of poetry who neighbours said had shown no sign of political extremism. Fico, 59, was shot as he greeted…
NEW YORK (Reuters – The Dow Jones Industrial Average surpassed 40,000 points for the first time on Thursday, the blue-chip index’s fastest 10,000 point-climb, powered by strong quarterly results and rising bets of interest rate cuts by the Federal Reserve. MARKET REACTION: STOCKS: The Dow was last up 0.3% at 40,029. The S&P and Nasdaq…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – U.S. stocks are at fresh records, bitcoin is soaring and investors are spurning insurance against portfolio declines as evidence that the economy is headed for a so-called soft landing whets market participants’ appetite for risk. Call it the Goldilocks trade – a bet that the Federal Reserve…
