Investment Banking Bounceback Powers Big U.S. Lenders

Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected earnings thanks to strong consumer spending and a flurry of Wall Street activity. 


 
Powell Dials Back Expectations on Rate Cuts

Federal Reserve Chair Jerome Powell said firm inflation had introduced new uncertainty over whether the central bank would be able to lower rates this year. 


 
Morgan Stanley Stock Rises as Earnings Top Expectations in New CEO's First Quarter

The earnings come days after a report that federal regulators are looking into the vetting of customers at a core business. 


 
The Global Economy Is Picking Up Steam, But the Poorest Countries Are Falling Behind, IMF Says

The International Monetary Fund expects global economic output to expand 3.2% this year, after previously predicting 2.9%. 


 
Recent Data Support Higher for Longer Rates, Fed Vice Chair Says

Philip Jefferson continues to expect moderating inflation and growth in 2024. It's just taking longer to get there. 


 
U.S., China to Cooperate in the Fight Against Dirty Money

The U.S. and Chinese governments have started working together to fight money laundering in their financial systems, finding some common ground amid increasing geopolitical and economic tensions between the two countries. 


 
PwC Pushes Back at Evergrande Letter

PricewaterhouseCoopers has responded to a public letter that blamed some of its executives for the global accounting firm's exposure to China Evergrande, the fallen property giant. 


 
Trump's Truth Social Stake Shrinks by $3 Billion After Stock Tanks

Shares are down about 60% from a recent peak after the first three weeks of trading. 


 
Evolution Equity Raises $1.1 Billion for Cybersecurity Bets

Evolution Equity Partners has wrapped up fundraising with $1.1 billion collected for a fund to back cybersecurity companies through growth investments. 


 
Financial Services Roundup: Market Talk

Find insights on Ibotta, Plus500, Bank of America, and more in the latest Market Talks covering Financial Services.


(END) Dow Jones Newswires

04-16-24 1615ET