No ‘economic collapse’: Top Citi strategist says healthier economic growth is coming
The global economy does not need a “collapse” in order to bring inflation back to target and return to sustainable…
American Express CEO says spending is strong, delinquencies are down from 2019
American Express CEO Stephen Squeri on Friday said the credit card company saw “good consumer spending” during the holidays and…
Consumer sentiment surges while inflation outlook dips, University of Michigan survey shows
Consumers have grown more confident about the direction of the economy and inflation at the onset of 2024, despite persistent…
Grim retail sales suggest possible recession for Britain
U.K. retail sales dropped significantly more than expected in December, in a sign that the economy may have entered a…
Fed’s Raphael Bostic expects rate cuts to happen in the third quarter
Atlanta Federal Reserve President Raphael Bostic expects policymakers to start cutting rates in the third quarter of this year, saying…
New Morgan Stanley CEO is ‘super bullish’ on hitting financial targets
Morgan Stanley‘s new CEO, Ted Pick, on Thursday expressed confidence his bank will hit financial targets of $10 trillion in…
Weekly jobless claims post lowest reading since September 2022
The labor market continued to show surprising resiliency in the early days of 2024, with initial jobless claims posting an…
‘That’s Bidenomics at work’: White House eager to take credit for retail sales bounce
The White House eagerly took credit Wednesday for December’s strong retail sales numbers, which beat expectations due to higher consumer…
Jamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025
JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of…
