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Cain withdraws from Fed consideration, citing lower pay, influence

7 hours ago DieselGasoil Comments Off on Cain withdraws from Fed consideration, citing lower pay, influence
(Reuters) – Herman Cain, facing resistance from his own political party as U.S. President Donald Trump’s pick to fill a seat on the Federal Reserve Board, withdrew Monday from consideration for the post, citing what he said would be a decrease in influence and pay. FILE PHOTO: Former Republican presidential hopeful Herman Cain gives the Read More

Herman Cain withdraws from consideration for Fed seat, Trump says

11 hours ago DieselGasoil Comments Off on Herman Cain withdraws from consideration for Fed seat, Trump says
(Reuters) – U.S. President Donald Trump said on Monday that businessman and former presidential candidate Herman Cain withdrew from consideration for a seat on the Federal Reserve Board. FILE PHOTO: Former Republican presidential hopeful Herman Cain gives the Tea Party Express response to U.S. President Barack Obama’s State of the Union Address, at the National Read More

Trump says Herman Cain has withdrawn from consideration for Fed seat

12 hours ago DieselGasoil Comments Off on Trump says Herman Cain has withdrawn from consideration for Fed seat
FILE PHOTO: Former Republican presidential hopeful Herman Cain gives the Tea Party Express response to U.S. President Barack Obama’s State of the Union Address, at the National Press Club in Washington January 24, 2012. REUTERS/Jonathan Ernst/File Photo (Reuters) – U.S. President Donald Trump said on Monday that businessman Herman Cain has withdrawn his name from Read More

JPMorgan shuffles CFO and card services executives

5 days ago DieselGasoil Comments Off on JPMorgan shuffles CFO and card services executives
FILE PHOTO: Chief Financial Officer Marianne Lake stands for a portrait at the headquarters of JP Morgan Chase & Co in the Manhattan borough of New York City, U.S., September 13, 2018. REUTERS/Caitlin Ochs/File Photo NEW YORK (Reuters) – JPMorgan Chase & Co switched roles for two women executives on Wednesday, putting Chief Financial Officer Read More

Trump on China trade spat: ‘We’re going to win either way’

1 week ago DieselGasoil Comments Off on Trump on China trade spat: ‘We’re going to win either way’
BURNSVILLE, Minn. (Reuters) – President Donald Trump said on Monday he believed the United States would emerge from its trade dispute with China as a winner, no matter what happened. “We’re going to win either way. We either win by getting a deal or we win by not getting a deal,” Trump said during a Read More

Goldman offers fresh details on overhaul progress as revenue slides

1 week ago DieselGasoil Comments Off on Goldman offers fresh details on overhaul progress as revenue slides
(Reuters) – Goldman Sachs Group Inc offered new tidbits about its sweeping operational overhaul when reporting first-quarter results on Monday, but investors focused on revenue declines across nearly all its main businesses, sending shares lower. FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the Read More

JPMorgan lifts expectations for rivals with earnings beat

1 week ago DieselGasoil Comments Off on JPMorgan lifts expectations for rivals with earnings beat
NEW YORK (Reuters) – JPMorgan Chase & Co’s better-than-expected first-quarter earnings raised expectations that rival Wall Street lenders would follow suit when they report next week, pushing most bank stocks higher on Friday. A combination file photo shows Wells Fargo, Citigbank, Morgan Stanley, JPMorgan Chase, Bank of America, JPMorgan, and Goldman Sachs from Reuters archive. Read More

In IPO, Uber reveals 91 million users but slowing growth

2 weeks ago DieselGasoil Comments Off on In IPO, Uber reveals 91 million users but slowing growth
NEW YORK (Reuters) – Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as it is held up for a posed Read More

Uber reveals 91 million users but cautions on profitability in IPO filing

2 weeks ago DieselGasoil Comments Off on Uber reveals 91 million users but cautions on profitability in IPO filing
NEW YORK (Reuters) – Uber Technologies Inc on Thursday revealed its initial public offering (IPO) filing, saying more than 90 million riders used the service worldwide while warning it may never make a profit due to pressure from rivals. FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as it is Read More

How to say the ‘R-word’: bank executives grapple with recession talk

2 weeks ago DieselGasoil Comments Off on How to say the ‘R-word’: bank executives grapple with recession talk
NEW YORK (Reuters) – Executives at the largest U.S. banks are grappling with how to best talk about the slowing economy and its impact on their businesses as they enter earnings season, people familiar with their thinking told Reuters. Chief Executive Officer of Citigroup Michael Corbat speaks at a European Financial Forum event in Dublin, Read More