The US economy is holding up in the face of various challenges but a string of political and economic risks could trigger a deterioration, according to JP Morgan Chase & Co. president Daniel Pinto.
Three of Wall Street’s biggest banks just notched a record third-quarter haul — and issued a slew of warnings on everything from higher capital requirements and rising loan losses to the fallout from war.
President Vladimir Putin denied that Russia was involved in the rupture of a gas link between Finland and Estonia, in his first comments on an incident that has rattled the European energy market.
In a Basel III world, JPMorgan Chase & Co. would have to stockpile 25% more capital, while Citigroup Inc. would have to rethink its equity investments.
NASA’s massive Psyche spacecraft launched Friday atop SpaceX’s Falcon Heavy rocket on an unprecedented journey to probe a metal-rich asteroid for insight into Earth’s own rocky core.
European Central Bank President Christine Lagarde said officials will raise interest rates again if they have to, but they’re also gauging the impact of prior moves still feeding through.
KKR & Co. is set to submit a binding offer for Telecom Italia SpA’s phone network, in what promises to be a game-changing deal for the ex-monopolist looking to slash its massive debt pile, people familiar with the matter said.
UnitedHealth Group Inc.’s chief executive officer said makers of popular drugs used to control weight and diabetes must cut their prices before employers will widely agree to cover them.
Chicago Mayor Brandon Johnson is counting on tourists and residents spending more to have fun, take ride shares and stay in hotels to help plug a half-billion-dollar deficit in next year’s budget.
Morgan Stanley’s Mike Wilson sees a rebound in earnings in the latter half of 2024 but for now his message to investors — stick to the stock picker’s playbook as things are going to get worse before they get better.
