Treasury Secretary nominee Scott Bessent warned that a crisis scenario could be realized in the United States economic system, which would become a situation with painful consequences for the middle and working-class people.
In the United States, two major regional banks have released muted forecasts for their net interest income in the first quarter of the current year amid uncertainty about the extent to which low interest rates will revive demand for loans.
Wells Fargo securities showed growth on Wednesday, January 15, after the bank released information about its earnings for the fourth quarter of 2024, which exceeded preliminary expectations, and issued strong guidance on net interest income for 2025.
Bank of New York Mellon Corp. on Wednesday, January 15, released information about its profit for the fourth quarter of last year, which exceeded preliminary estimates because this financial institution earned higher investment services fees from its clients.
Goldman Sachs Group Inc. earnings exceeded forecasts since its equity traders have demonstrated results that have turned out to be the best in the entire history of observations.
JPMorgan Chase & Co. recorded an annual profit, which turned out to be the largest among all similar indicators of other lenders in the history of US banking.
In December, an increase in consumer prices was recorded in the United States, the pace of which slightly exceeded preliminary expectations regarding the degree of intensity of the upward dynamic of the corresponding indicator.
In the United States, a growth in small-business confidence was recorded last month, which is a continuation of the upward dynamic of the corresponding indicator that began after the November US presidential election.
Last Monday, January 13, the United States government announced the continuation of its efforts to expand restrictions on the export of artificial intelligence chips and technologies.
Databricks Inc., specializing in software development and headquartered in San Francisco, raised more than $5 billion.
Apollo Global Management Inc. has agreed to buy Argo Infrastructure Partners in a cash and stock deal that will add about $6 billion to the company’s assets.
Hewlett Packard Enterprise Co. won a deal worth more than $1 billion to provide servers optimized for artificial intelligence, to social media platform X, owned by Elon Musk.
The administration of the President of the United States Joe Biden plans to finalize rules next week aimed at cracking down on Chinese vehicle software and hardware.
In the United States, an unexpected acceleration in job growth was recorded in December.
Bank of America’s bonus pool for investment bankers is likely to increase by 10% for last year.
Federal Reserve Bank of Boston President Susan Collins said on Thursday, January 9, that significant uncertainty about the outlook requires the United States financial regulator to take a cautious approach in the context of making decisions about cutting interest rates.
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