Five U.S. banking giants just trounced analysts’ profit estimates, with JPMorgan Chase & Co., Citigroup Inc. and Goldman Sachs Group Inc. setting records. Their CEOs then took turns extolling the economy ahead.
Happy Friday, Americas. Here’s the latest news and analysis from Bloomberg Economics to help take you through to the weekend.
Sara Tirschwell, a Wall Street veteran who had been running as a Republican candidate for mayor of New York City, dropped out of the race Wednesday after her campaign failed to gather enough voter signatures to qualify.
Former cabinet members and top officials in Donald Trump’s administration, including economic adviser Larry Kudlow, have launched a new think tank in an effort to create a policy platform out of the former president’s chaotic approach to governing.
Amazon.com Inc.‘s Andy Jassy, who’s taking over as chief executive officer this summer, is doubling down on India even as challenges mount in what is arguably the e-commerce giant’s most important growth market.
House Democrats defended President Joe Biden’s inclusion in his “American Jobs Plan” of $400 billion in support for caregiving, after Republicans criticized the package as stretching the definition of infrastructure and called on the White House to scale it back.
The White House plans to push back against Republican criticism of President Joe Biden’s infrastructure-and-tax plan with an event Tuesday highlighting benefits for smaller businesses.
In a city where Black people comprise two-thirds of the population, the biggest event of the year is steeped in White privilege and segregation.
A new coalition of small business organizations is urging policymakers to break up Amazon.com Inc.
A record share of U.S. small-business owners reported unfilled positions in March, and firms are starting to boost wages to attract talent, a report by the National Federation of Independent Business showed Thursday.
'Bourbon was considered a premium product — and I’m not sure that a premium product was necessarily marketed toward African Americans.'
Data show a rise in interest in anti-racist and social justice titles following George Floyd’s death. As black-owned bookstores are scrambling to keep up with demand, they’re hopeful it continues.
The government’s Paycheck Protection Program initially ran dry, prompting outrage. The new problem: Now not enough businesses are taking advantage.
Minority business owners, especially black and Latino ones, may be especially vulnerable because they’re less likely to have a financial cushion and also tend to be in industries severely affected by the pandemic, advocates and researchers say.
There’s a growing chorus of small-business owners who are angry that WeWork is refusing refunds for a space they can no longer use.
Extreme weather means Midwest farm country, usually green, looks brown from orbit.
Farmers in America's corn and soy belts have faced up to four times as much rain as they normally get in the last two months, making it difficult to plant their crops.
Gene runs down the key takeaways from his favorite stories.
You've been warned.