UK parliament ‘very likely’ to consider new Brexit referendum, says British finance minister
The idea of a second Brexit referendum is very likely to be put before Britain’s parliament again although the government remains opposed to any new plebiscite, the British finance minister said on Friday. Philip Hammond said he hoped parliament would...
G-20 chiefs: World economic growth to revive later this year
The global economy is likely to pull out of a brief growth slump later this year — with a little help from the world’s central banks and from U.S. and Chinese trade negotiators. Global finance leaders gathered from the spring...
Some optimistic corporate outlooks in the week ahead could lift the stock market to a record
It’s now up to corporate America to reveal whether the U.S. economy simply hit a soft patch this winter, as many suspect, or is on the verge of falling into an even deeper rut. Earnings from a broad swath of...
Global markets are rallying on China and Jamie Dimon
Stocks are rallying around the world on two headlines that support the bull thesis: strong China economic data and J.P. Morgan CEO Jamie Dimon’s supportive comments on the U.S. economy. U.S. stock futures and European equities gained strongly around midday...
Jamie Dimon says the US economic expansion ‘could go on for years’
The biggest bank in the world’s largest economy just posted record quarterly results showing U.S. growth continuing to start the year. But how long can it last? According to J.P. Morgan Chase CEO Jamie Dimon, the expansion that began after...
JP Morgan in ‘attack mode’: Mega bank is bigger than ever, and Jamie Dimon bullish on economy
The biggest bank in the world’s largest economy just posted record quarterly results showing U.S. growth continuing to start the year. But how long can it last? According to J.P. Morgan Chase CEO Jamie Dimon, the expansion that began after...
Alan Greenspan says economy will start to fade ‘very dramatically’ because of entitlement burden
Economic growth won’t last as the U.S. labors under the burden of growing entitlement programs and weakness around the world, former Federal Reserve Chairman Alan Greenspan told CNBC. The long-time central bank chief repeated his warnings about the weight that...
Cain reportedly will withdraw his name as potential Fed nominee
Herman Cain is expected to remove his name from consideration for appointment to the Federal Reserve, according to a report Friday. The former Republican presidential contender and Godfather’s Pizza CEO has come under repeated fire since President Donald Trump announced...
US import prices rise for a third straight month, driven by higher fuel prices
U.S. import prices increased for a third straight month in March, driven by higher fuel prices, but the underlying trend remained soft. The Labor Department said on Friday import prices rose 0.6 percent last month, boosted by increases in the...
Paul Krugman: The next downturn will be a ‘smorgasbord recession’
Nobel Prize-winning economist Paul Krugman says bond market signals are flashing “a pretty good chance of a recession sometime in the next year or so.” He points out that China is struggling and Europe may already be in a recession....