Finance

KEY POINTS  Bank of America on Wednesday reported fourth quarter earnings that exceeded Wall Street expectations, lifted by stronger than anticipated net interest income and improved equities trading. Signaling renewed stability for large US lenders amid shifting interest rate expectations and steady consumer credit conditions. The latest Bank of America earnings provide an early snapshot … Read more

KEY POINTS  NEW YORK — JPMorgan Chase reported a 9% rise in fourth quarter profits on an adjusted basis, highlighting the bank’s continued strength across consumer and investment banking, even as it absorbs a one time financial hit from its recent Apple Card acquisition. JPMorgan Chase, the largest US bank by assets, reported robust fourth … Read more

KEY POINTS  Wall Street opened lower Monday as investors responded to a renewed threat to Federal Reserve independence, following the Trump administration’s criminal investigation of Fed Chair Jerome Powell.  Stocks, US bonds, and the dollar all fell in early trading, signaling heightened market risk and sparking a surge in safe-haven assets such as gold and … Read more

KEY POINTS  WASHINGTON  — Federal prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell over the central bank’s multibillion dollar renovation of its Washington headquarters and whether he misled Congress about the scope of the project, according to officials briefed on the matter.  The inquiry, led by the US attorney’s office for … Read more

KEY POINTS  Allegiant Travel Co. said Sunday it will acquire rival leisure carrier Sun Country Airlines in a $1.5 billion cash and stock transaction. A move that underscores growing consolidation pressure among US budget airlines struggling with higher post pandemic operating costs and expanding domestic capacity. The proposed Allegiant Sun Country merger brings together two … Read more

KEY POINTS  President Donald Trump said this week he would impose a one year cap limiting credit card interest rates to ten percent. A move that immediately raised questions about its legal authority, practical enforcement and potential effects on consumers and lenders across the United States. Trump’s announcement, delivered through a late night social media … Read more

KEY POINTS  Netflix shares have fallen sharply since October amid investor unease over the company’s potential pursuit of Warner Bros. Discovery but analysts say the selloff has not fully resolved concerns about valuation, growth visibility and deal risk.  Despite a drop of roughly twenty eight percent in less than three months Netflix stock valuation remains … Read more

NEW YORK — US stock futures declined Thursday as Wall Street’s early year gains stalled following a volatile trading session, highlighting investor caution ahead of major economic data and pending Supreme Court decisions. Futures tied to the Dow Jones Industrial Average and the S&P 500 fell roughly 0.2 percent each, while contracts linked to the … Read more

A Georgia resident has been identified as the winner of a $983 million Mega Millions jackpot, the largest lottery prize ever claimed in the state and the eighth largest in the game’s history, according to the Georgia Lottery Corp.  The winning ticket matched all six numbers in the Nov. 14 drawing and was sold at … Read more