Tag: Economy
Citigroup profits soar due to fewer bad loans
NEW YORK — Citigroup profits jumped more than five fold from a year earlier, helped by an improving economy that resulted in fewer bad...
Powell says inflation, though elevated, will likely moderate
WASHINGTON — Federal Reserve Chair Jerome Powell suggested Wednesday that inflation, which has been surging as the recovery strengthens, “will likely remain elevated in...
French official warns Lebanese leaders of upcoming sanctions
BEIRUT — A French Cabinet minister criticized Lebanese leaders on Tuesday, warning them of upcoming sanctions from Paris that will target Lebanese officials blocking...
EU nations approve a dozen pandemic recovery plans
BRUSSELS — In what European Union nations hope will be a tipping point in economic recovery from the pandemic, finance ministers from the the...
Putin hosts leader of Belarus for talks on closer ties
MOSCOW — Russian President Vladimir Putin on Tuesday hosted the authoritarian leader of Belarus, who has increasingly relied on Moscow's support amid increasing tensions...
JPMorgan’s 2Q profits more than double, beating expectations
NEW YORK — JPMorgan Chase said its second quarter profits more than doubled from a year ago — a reflection of the improving global...
Bank of England ditches dividend limits on UK banks
LONDON — The Bank of England on Tuesday ditched limits on banks to pay dividends to their shareholders that were first introduced at the...
US deficit for current budget year climbs to $2.24 trillion
WASHINGTON — The U.S. government's deficit for the first nine months of this budget year hit $2.24 trillion, keeping the country on track for...
Sports Calendar – July 13
Spectator sportsSPORTS ON TVMen’s basketballArgentina vs. United States, 6 p.m. (NBCSN)MLBMLB All-Star Game: American League at National League, 8 p.m. (Fox)Men’s soccerCONCACAF Gold Cup:...
Cuban leaders beef up police patrols after rare protests
HAVANA — Cuban police are out in force on the country's streets as the president is accusing Cuban Americans of using social media to...