JPMorgan Chase Reports Lower Profits, Gives Cautious Economic Outlook
JPMorgan Chase reported a drop in second-quarter profits on Thursday as it warned of a
Economy
Fed Official Signals Willingness to Hike Interest Rates Full Percentage Point
US Federal Reserve Governor Christopher Waller signalled Thursday a possible full
US Economy Added 372,000 Jobs in June, Unemployment 3.6%
The US economy continued to add jobs in June at a rapid pace, while the unemployment rate
Fuel Prices Soar in Ethiopia as Subsidies Cut
Fuel prices soared in Ethiopia on Wednesday after the government reduced subsidies, adding to
Automakers Reports Lower Q2 US Sales as Supply Chain Woes Persist
General Motors, Toyota and other automakers suffered a hit to US sales in the latest quarter as supply
UK to Extend Steel Tariffs for Another Two Years
Britain has decided to extend steel tariffs for another two years to protect its ailing industry, the
US Likely to Avoid Recession, But Rates Need to Climb
The US economy will slow this year as intended and is expected to avoid a downturn, but the Federal
Demand Strong for US Manufactured Goods in May, Data Shows
Even as prices continue to rise, orders for US-made, big-ticket manufactured goods were surprisingly
Euro, Pound Drop as Recession Prospects Grow
The euro and pound retreated against the dollar Thursday as economic data pointed to increased
Bank of England Hikes Interest Rates But Resists Bolder Move
London (AP) — The Bank of England raised interest rates by a quarter-percentage point Thursday, shrugging off