Wells Fargo on Friday reported first-quarter earnings and revenue that beat Wall Street expectations, despite a decline in net interest income.
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Bank of England scraps outdated inflation forecasting model in major overhaul after Fed boss’ review
The Bank of England announced an overhaul of its inflation forecasting models following a long-awaited review by former Fed Chair Ben Bernanke.
It comes as oil prices rebound on elevated Middle East tensions, with market participants monitoring the prospect of supply disruptions from the region.
The U.K. economy fell into a recession last year but showed slight growth in January.
Stefano La Rovere, director of global robotics at Amazon, said that, rather than replacing jobs, robotics and other technologies are enhancing people's roles.
China remains crucial for U.S. chipmakers amid rising tensions between the world’s top two economies
Data from S&P Global shows that many U.S. chip giants generate a larger share of revenue from China compared with the U.S. despite increasing trade barriers.
JPMorgan Chase will be watched closely for clues on how banks fared at the start of the year.
China is facing economic headwinds in the near term, but Singapore trade and industry minister Gan Kim Yong believes in its long term prospects.
China’s policy to boost demand by $700 billion will have a ‘bigger and bigger’ impact, official says
China's latest policy to boost demand will soon have a greater effect on growth, a top official at the economic planning agency told reporters Thursday.
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