JPMorgan begins earnings season with bad news for investors
[ad_1] Profit declined 28% from a year earlier to $8.65 billion and the bank reported earnings of $2.76 per share versus the $2.88 expected by analysts. Managed revenue clocked in…
Gold wavers as nervous traders again turn to greenback as haven
[ad_1] Gold dipped after rallying in the wake of a searing inflation report from the US, as investors again turned to the greenback as a haven asset. Bullion on Wednesday…
Draghi Set to Offer Resignation as Ally Snubs Confidence Vote
[ad_1] (Bloomberg) — Italian Prime Minister Mario Draghi is expected to offer his resignation after the Five Star Movement, a key member of his coalition, went ahead with its threat…
Fed’s Waller says CPI was ‘major league disappointment,’ leaves door open for 100 basis move
[ad_1] Federal Reserve Governor Christopher Waller on Thursday said he supports a 0.75 percentage point interest rate hike in July, but he left the door open for a larger move…
Yellen says price cap on Russian oil can help address inflation
[ad_1] BALI, Indonesia — A cap on Russian oil prices will be crucial to help bring down inflation as U.S. consumer inflation soared to a 40-year high of 9.1% this…