Two Wall Street bank CEOs remain cautious on the economy. Here’s why.
Inflation worries remain despite strong earnings as JPMorgan Chase’s Jamie Dimon and David Solomon of Goldman Sachs weigh risks.
U.K. Inflation Eases Unexpectedly, Boosting Chances of BOE Rate Cut
Inflation cooled slightly to 2.5% in December, adding to the likelihood the Bank of England will move to cut interest rates against a difficult economic backdrop.
Traders bet on more Bank of England rate cuts in 2025 after data shocks
The disappointing retail data adds to the dim economic picture in the U.K. and to the challenges facing Finance Minister Rachel Reeves.
Wall Street soars on record bank profits and cooling inflation
US stocks surged higher Wednesday after an encouraging inflation report and blockbuster profits for some of America’s biggest banks.
Wall Street surges as traders digest US and UK inflation data
The FTSE 100 ( ^FTSE) and European stocks were higher on Wednesday as traders digested news that UK inflation unexpectedly fell to 2.5% in December. This was down from 2.6% in November, according to the Office for National Statistics. Economists had expected inflation to stay steady at 2.6%.
Yahoo Finance4d
Wall Street surges as traders digest US and UK inflation data
Wall Street stocks rose at the bell in New ... It comes as welcome news for the Bank of England, whose target is to keep inflation at 2% over the next two years. Grant Fitzner, ONS economist ...
U.K. Inflation Eases in Boost to Rate-Cut Chances — 3rd Update
Output contracted at the start of the year's final quarter and is forecast to have recovered only slightly in November. Confidence plunged to its lowest point in two years at the end of the year, according to a business survey published Wednesday by the Institute of Chartered Accountants in England and Wales.
The Daily Telegraph3d
Cut rates six times this year to boost ‘gloomy’ economy, says Bank official
Wall Street’s main stock indexes opened higher ... Traders are now betting that the Bank of England will cut interest rates twice this year, and expect the Federal Reserve to cut rates by ...
U.K. Inflation Eases Unexpectedly, Boosting Chances of BOE Rate Cut — 2nd Update
Output contracted at the start of the year's final quarter and is forecast to have recovered only slightly in November. Confidence plunged to its lowest point in two years at the end of the year, according to a business survey published Wednesday by the Institute of Chartered Accountants in England and Wales.
Reeves ‘faces £20bn black hole’ as economy slumps
Rachel Reeves faces a £20bn black hole in the public finances due to soaring interest rates and crumbling economic growth, economists at JP Morgan have warned...
German executives rally behind warning against 'Wolf of Wall Street' machismo
A LinkedIn post by the CEO of German asset manager DWS warning against growing "anti-woke" rhetoric has sparked a wave of support from other executives ahead of a national election next month. "I am worried that the anti-woke rhetoric will lead us straight back to the macho 'Wolf of Wall Street' era,
Wall Street Showdown: Bank of America Vs. Morgan Stanley Ahead Of Q4 Earnings
Bank of American and Morgan Stanley report Q4 earnings as Wall Street watches showdown between Main Street lending and Wall Street dealmaking.