Tag: Banking and credit
Americans spend again and American Express profit surges
NEW YORK — Spending at restaurants, shops and entertainment venues has come back in force as vaccines become more common and it fueled a...
As prices rise at rapid pace, Fed chief seeks patience
WASHINGTON — For anyone watching with concern as prices surge for everything from food and gas to airplane tickets and clothes, the message from...
UK inflation rises to highest level in nearly 3 years
LONDON — Official figures show inflation in the U.K. rising to its highest level in nearly three years because of increases in the prices...
Powell says inflation will be ‘elevated’ in coming months
WASHINGTON — Federal Reserve Chair Jerome Powell says that inflation “will likely remain elevated in coming months" before “moderating,” an apparent acknowledgement that price...
Europe takes another step toward introducing digital euro
The European Central Bank said Wednesday it is launching a two-year investigation on whether to introduce a digital version of the euro that would...
Fed survey: US economy strong but hindered by bottlenecks
WASHINGTON — The Federal Reserve's latest nationwide business survey found that the economy strengthened further in late May and early June, despite supply-chain bottlenecks...
JPMorgan’s 2Q profits more than double, beating expectations
NEW YORK — JPMorgan Chase said its second quarter profits more than doubled from a year ago — a reflection of the improving global...
Goldman Sachs 2Q profits beat forecasts; boosts dividend
NEW YORK — Goldman Sachs had the second-best quarterly profit in the firm's history in the quarter ended in June, helped by a strong...
Yellen: US regulators to assess risk posed by climate change
WASHINGTON — U.S. Treasury Secretary Janet Yellen says she will lead an effort by top U.S. regulators to assess the potential risk that climate...
IMF approves $650 billion expansion to fight pandemic
WASHINGTON — The executive board of the International Monetary Fund approved a $650 billion expansion in resources to support economically vulnerable nations as they...