Banking and credit

This Thursday, Nov. 29, 2018, photo shows a Wells Fargo bank location in Philadelphia. JPMorgan Chase & Co. reports financial results Tuesday, Oct. 14, 2019. (AP Photo/Matt Rourke)
October 15, 2019 - 7:35 am
NEW YORK (AP) — JPMorgan Chase & Co. said Tuesday that its profits grew by 8% in the third quarter, helped partly by higher interest rates and a better-than-expected performance in its investment banking business. The nation's largest bank by assets said it earned $9.08 billion, or $2.68 per...
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FILE - In this Oct. 7, 2019, file photo specialists Mario Picone, left, and Anthony Rinaldi work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Oct. 14. (AP Photo/Richard Drew, File)
October 14, 2019 - 3:28 pm
Major U.S. stock indexes edged lower in afternoon trading Monday, a shaky start to the week for the market after the S&P 500 notched its first weekly gain in four weeks. Losses in consumer goods makers, utilities and industrial stocks outweighed gains in banks and elsewhere in the market...
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The European Central Bank is seen next to the river Main in Frankfurt, Germany, late Wednesday, Oct. 2, 2019. (AP Photo/Michael Probst)
October 10, 2019 - 10:27 am
FRANKFURT, Germany (AP) — European Central Bank officials haggled extensively over several parts of the stimulus package decided at their last meeting, with dissenters objecting to bond purchases that pump newly created money into the economy. The written account of the meeting released Thursday...
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FILE - In this Sept. 18, 2019, file photo Federal Reserve Board Chair Jerome Powell speaks at a news conference following a two-day meeting of the Federal Open Market Committee in Washington. On Tuesday, Oct. 8, Powell is scheduled to speak about the Fed’s interest rate policy in Denver at the annual meeting of the National Association for Business Economics. (AP Photo/Patrick Semansky, File)
October 08, 2019 - 4:35 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Tuesday that U.S. job growth since early last year was not as robust as thought, a hint that the Fed may be ready to keep cutting interest rates to support the economy. Powell also said the Fed will soon announce plans to buy Treasurys,...
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FILE - In this April 18, 2018, file photo the World Bank CEO Kristalina Georgieva speaks during the forum Frontiers in Anticorruption at the World Bank/IMF annual spring meeting in Washington. Georgieva, the new head of the 189-nation International Monetary Fund, says the world economy is in the grips of a “synchronized global slowdown” that will result in slower growth for 90% of the world this year. (AP Photo/Jose Luis Magana, File)
October 08, 2019 - 10:28 am
WASHINGTON (AP) — The new head of the 189-nation International Monetary Fund warned Tuesday that the world economy is in the grips of a "synchronized global slowdown" that will result in slower growth for 90% of the world this year. IMF Managing Director Kristalina Georgieva said that an updated...
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Federal Reserve Chairman Jerome Powell speaks before attending a panel at the Federal Reserve Board Building, Friday, Oct. 4, 2019, in Washington. (AP Photo/Jacquelyn Martin)
October 04, 2019 - 3:38 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that the U.S. economy is facing some risks at the moment, but overall it is in a "good place" and the Fed's main job is to "keep it there as long as possible." Powell noted that unemployment is at a half-century low and inflation...
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FILE - In this Aug. 23, 2019, file photo pedestrians pass the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, Oct. 3. (AP Photo/Frank Franklin II, File)
October 03, 2019 - 4:48 pm
Technology and health care companies helped U.S. stocks rebound broadly from an early sell-off Thursday, snapping the market’s steep two-day skid. The Dow Jones Industrial Average swung from a loss of more than 330 points to a gain of more than 120 after another disappointing economic report raised...
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FILE - In this Sept. 18, 2019, file photo stock prices are displayed at the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 1. (AP Photo/Mark Lennihan, File)
October 01, 2019 - 2:53 pm
NEW YORK (AP) — U.S. stocks sank to their worst loss in five weeks on Tuesday after a surprisingly limp report on the nation's manufacturing stirred worries about the economy's strength. The report showed that manufacturing weakened in September for the second straight month as President Donald...
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Clouds pass over the European Central Bank building, center, in Frankfurt, Germany, early Saturday, Sept. 28, 2019. (AP Photo/Michael Probst)
October 01, 2019 - 6:17 am
BRUSSELS (AP) — Inflation in the 19-country eurozone weakened in September, slipping farther from the European Central Bank's goal and underlining President Mario Draghi's arguments for a recent stimulus package. Statistics agency Eurostat said Tuesday that the annual inflation rate eased to 0.9%...
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A woman walks by an electronic stock board of a securities firm in Tokyo, Tuesday, Oct. 1, 2019. Shares rose in Asia on Tuesday, with markets in Hong Kong and Shanghai closed for a national day holiday. (AP Photo/Koji Sasahara)
October 01, 2019 - 4:45 am
BANGKOK (AP) — World markets were mostly higher on Tuesday, with European benchmarks flat as British Prime Minister Boris Johnson readied a fresh plan for leaving the European Union. The FTSE 100 was almost unchanged at 7,407.39, while the CAC 40 in Paris also was steady, at 5,676.01. Germany's DAX...
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