South Korean prosecutors seek to arrest Samsung heir –

South Korean prosecutors seek to arrest Samsung heir –

Lee Jae-Yong, vice chairman of Samsung arrives at the office of the independent counsel on January 12, 2017 in Seoul, South Korea. (Photo by Chung Sung-Jun/Getty Images) SEOUL, SOUTH KOREA – Prosecutors are seeking an arrest warrant for Samsung’s heir apparent over allegations of bribery, perjury and embezzlement. The move against Samsung Electronics Vice Chairman Lee […]

IMF Upgrades US Growth Forecast on Trump Stimulus Plans – Wall Street Journal

WASHINGTON—U.S. President-elect Donald Trump hasn’t taken office yet, but he’s already reshaping the global growth outlook. The International Monetary Fund on Monday bumped up its economic growth forecasts for the U.S., saying output could grow nearly a half-percentage point faster than previously thought over this year and next, thanks to Mr. Trump’s plans to cut taxes and […]

Davos elites struggle for answers as Trump era dawns – Reuters

DAVOS, Switzerland – The global economy is in better shape than it’s been in years. Stock markets are booming, oil prices are on the rise again and the risks of a rapid economic slowdown in China, a major source of concern a year ago, have eased. And yet, as political leaders, CEOs and top bankers […]

It’s OK to Love Banks Again – Bloomberg

It only took a decade but it’s officially OK to fall for U.S. banks again.  Consumers feel good. Business leaders feel good. And interest rates are finally not zero — in fact, they may get an extra lift from President-elect Donald Trump, should his policies boost economic growth as everyone seems to be expecting. The […]

JPMorgan Profit Rises as Bond-Trading Revenue Beats Estimates – Bloomberg

JPMorgan Profit Rises as Bond-Trading Revenue Beats Estimates – Bloomberg

JPMorgan Chase & Co. said fourth-quarter profit rose 24 percent as the biggest U.S. bank set aside less money for bad loans and bond-trading revenue increased more than analysts estimated. Earnings benefited from better credit quality among U.S. consumers and corporations, allowing the bank to pull about $400 million from bad-loan reserves in the mortgage, […]

US weekly jobless claims total 247000 vs 255000 estimate – CNBC

Economists polled by Reuters had forecast first-time applications for jobless benefits rising to 255,000 in the latest week. A Labor Department analyst said there were no special factors influencing last week’s data and that only claims for Virginia had been estimated. The four-week moving average of claims, considered a better measure of labor market trends […]

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