Easing trade tensions bode well for emerging market stocks

LOS ANGELES (AP) — Several factors are pointing to a possible rebound in emerging market stocks this year. Stocks in China and other developing economies notched solid gains in 2019,...

European Central Bank keeps interest rates, stimulus programs on hold, launches review of strategy

FRANKFURT, Germany (AP) — European Central Bank keeps interest rates, stimulus programs on hold, launches review of strategy.

As European Central Bank meets, eyes turn to policy review

FRANKFURT, Germany (AP) — The European Central Bank will meet Thursday and, with monetary policy on hold for the moment, investors are waiting to hear more about President Christine Lagarde's plans fo...

IMF: Low rates and reduced trade tension to aid world growth

WASHINGTON (AP) — Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That's the view ...

CEOs got a pass in 2019, but they need to grow profits soon

NEW YORK (AP) — CEOs, you get one more mulligan. Over the next few weeks, companies across the country will be telling investors how much profit they made in the last three months o...

Morgan Stanley's 4Q profits jump, helped by trading boost

NEW YORK (AP) — Morgan Stanley's fourth-quarter profits jumped 46% from a year earlier, the company said Thursday, helped by a massive boost from the bank's trading desks. The inves...

Bank of America 4Q profits fall with lower interest rates

NEW YORK (AP) — Consumer banking giant Bank of America is saying its fourth-quarter profits fell 4% from a year ago, as the bank was impacted by the rapid decline of interest rates in late 2019. ...

UK inflation at lowest since late 2016, stokes rate cut talk

LONDON (AP) — Inflation in Britain has fallen to its lowest level since late 2016, official figures showed Wednesday, in a development that is likely to heighten expectations that the Bank of England ...

Asian shares decline on revived jitters over trade deal

BANGKOK (AP) — Shares retreated in Asia on Wednesday as conflicting reports raised concerns over the likely outcome of a trade deal to be signed by the U.S. and China. Japan's Nikke...

Business Highlights

___ US-China pact signing to ease tension but leave much undone WASHINGTON (AP) — After 18 months of economic combat, the United States and China are to take a step...

Banks post big profits, but lower interest rates are a worry

NEW YORK (AP) — So far, it appears 2019 was another record year for Wall Street. Trading of stocks and bonds rebounded after a terrible end to 2018 and consumers spent tons of mone...

Stocks open mostly lower on Wall Street; Wells Fargo sinks

NEW YORK (AP) — Stocks are off to a mostly lower start on Wall Street as losses for some banks and health care companies offset gains elsewhere in the market. Wells Fargo slumped in early trading Tues...

Wells Fargo 4Q profit slides, hurt by lower interest rates

Wells Fargo's net income tumbled in the fourth quarter, weighed down by hefty costs and a lower interest rate environment. The San Francisco-based bank earned $2.87 billion, or 60 ce...

JPMorgan Chase's 4Q profits jump 21%, helped by trading

NEW YORK (AP) — Banking giant JPMorgan Chase said profit jumped 21% in the final three months of 2019, as the bank's trading desks had a blowout quarter, which offset the impact of declining interest ...

Asian shares rise ahead of US-China 'Phase 1' trade deal

TOKYO (AP) — Asian shares mostly followed Wall Street higher on Tuesday amid optimism that a trade deal between the U.S. and China will be a boon for the regional economy. Japan's be...