Tag: Banking and credit

Americans spend again and American Express profit surges

0
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

0
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

0
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

0
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

0
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

0
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

0
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

0
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

0
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

0
WASHINGTON — The executive board of the International Monetary Fund approved a $650 billion expansion in resources to support economically vulnerable nations as they...