The American economy has entered 2025 with a strong head of steam,” Wells Fargo economists said. That's not necessarily a good thing for borrowers, who are waiting for the next Fed rate cut.
JPMorgan notched a record profit of $58.5 billion, up from $49.6 billion in 2023, America’s biggest bank reported on Wednesday. Goldman Sachs said its profits soared to $14 billion in 2024, compared to $8.5 billion a year earlier.
Wells Fargo & Co. WFC CEO Charles Scharf expressed optimism about President-elect Donald Trump‘s return to The White House, citing expectations of business-friendly policies, during the bank’s ...
The market environment has already been favorable for banks, with buoyant equity markets and anticipation that President-elect Donald Trump will ... JPM.N up 2%, Wells Fargo WFC.N gaining ...
JPMorgan CEO Jamie Dimon addressed his retirement timeline, Goldman chief David Solomon talked Apple, and bankers overall appeared to exude “animal spirits.”
The departures from the Net-Zero Banking Alliance began with Goldman Sachs' announcement on Dec. 6 and come ahead of Donald Trump's return to the White House next week. Trump has been critical of efforts by governments to prescribe climate-change policies.
President Donald Trump said Monday he still intends to move forward with an across-the-board tariff of 25% on Mexican and Canadian goods, though he said those levies would come on February 1 rather than his previous day-one threat,
Major financial institutions are abandoning net-zero climate alliances amid political pressure and legal threats, signaling a potential shift in the landscape of climate finance.
Jason Aldean, fresh off a performance at President Donald Trump's Liberty Inaugural Ball, will headline a September concert in Des Moines.
President-elect Donald Trump's proposed tariffs on China, Mexico and Canada threaten to raise prices for toys, cars, shoes, French fries, furniture and beer.
Martin Luther King Jr. Day and Donald Trump's inauguration will result in the closure of several key offices and services.
Big banks have been backing away from their commitment to fight climate change via "net zero" carbon emissions as political winds have shifted.