President-elect Donald J. Trump’s proposals on tariffs, immigration, taxes and deregulation may have far-reaching and contradictory effects, adding uncertainty to forecasts.
Category: Banking and Financial Institutions
Jerome Powell and the Fed Head for Another Collision with Trump
Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns to the White House.
How Crypto Insiders Turned ‘Debanking’ Into a Political Storm
Concerns that crypto companies are being purposely cut off from the global banking system have become a political cudgel at an opportune moment for the industry.
Scott Bessent Helped ‘Break’ the Bank of England. Now He’ll Run the U.S. Treasury.
Scott Bessent’s former colleagues and rivals see the prospective Treasury secretary as a thoughtful choice with a broad understanding of financial markets.
Mortgage Rates Fell, Then Rose. What Comes Next?
Many would-be home buyers are still hoping for mortgage rates to come down as the Federal Reserve cuts interest rates. How much they will fall is unclear.
Trump’s Newest Economic Sherpas Are Not Like His Old Ones
A little-known investment banker, a former hedge fund star and an acolyte of George Soros have the president-elect’s ear.
Apple and Goldman Sachs Must Pay Nearly $90 Million Over Apple Card Inquiry
The penalties and customer refunds stem from an investigation by the Consumer Financial Protection Bureau into Apple Card, which Goldman issues.
Jamie Dimon Privately Supports Kamala Harris. He Just Won’t Say So.
JPMorgan’s chief executive has told associates of his support for the vice president, and his dislike of Donald Trump. But fearful of blowback, he won’t say it publicly.
Profits Leap at Goldman Sachs as Banks See Steady Economy
The investment bank earned more than expected in the latest quarter, a theme for other big banks, too.
As Hurricanes Persist, Soaring Insurance Costs Hit Commercial Real Estate
Struggling landlords and developers are seeking leeway on coverage from their lenders — mostly in vain.