US economy on track to slow in 2019, Fannie Mae says
Fannie said it’s forecasting economic growth for 2019 at 2.2 percent -- down from about 3 percent in 2018.
Wall Street
Stocks up on IPOs, retail sales, gains of industrial firm shares
Trading volumes were near their lowest levels in 2019.
JPMorgan Chase CEO Jamie Dimon taps two women execs as potential successors
JPMorgan Chase CEO Jamie Dimon has tapped two senior women insiders as his possible successors.
Where Wall Street bigwigs are putting their money in 2020 election
Most investors expect Trump will be reelected, according to a recent survey.
PepsiCo results beat on boost from North American snacks, beverage units
The results come as a boost for Chief Executive Officer Ramon Laguarta who took over from Indra Nooyi six months ago.
Stocks caught between corporate struggles, strong China GDP
The Dow Jones Industrial Average slipped on falling shares of UnitedHealth and IBM, which missed its revenue target in the recently completed quarter.
Is a recession coming in 2020? Here's what most CFOs think
Nearly three-fourths of CFOs -- 67 percent -- surveyed believe the nation’s economy will enter a recession by the latter half of 2020
EXCLUSIVE: T-Mobile, Sprint refute reports deal in jeopardy, claiming DOJ has not indicated the merger is endangered
T-Mobile, Sprint say they have not received notice from DOJ that their $26 billion merger would likely be rejected by federal regulators.
Wall Street giant Goldman Sachs seeks to reinvent itself as earnings slow
The traditionally Wall Street-focused investment bank is pivoting to the consumer market.
BlackRock CEO reportedly saying Bernie Sanders could win Democratic nomination
FBN's Charlie Gasparino on Wall Street executives' take on the Democratic field in the 2020 presidential race.
Citigroup's gun policy hasn't undermined earnings, CEO says
CEO Michael Corbat was pressed by a conservative activist on the impact of the policy on Tuesday.
Bernie Sanders wants to impose a Wall Street speculation tax: What to know
The proposal would fund free higher education at public institutions.
Stocks up despite health care company worries
Also, Federal Reserve officials signaled confidence in the U.S. economy.
Bank of America exceeds 1Q profit estimates amid 'solid' US economic growth
Net income grew to $7.3 billion in the quarter, higher than Wall Street estimates.
Jumia makes history at the New York Stock Exchange
Jumia Co-CEO Sacha Poignonnec tells FOX Business’ Gerri Willis that investors see the potential of the ecommerce startup’s business model and business in the continent of Africa.
US stock averages slip as bank shares head lower
Investors continued to monitor U.S.-China trade talks as the Treasury secretary said Washington and Beijing were moving closer to a deal.
Profits sink at Goldman Sachs in 1Q as trading slows
Trading revenue fell 18 percent to $3.61 billion in the period.
Jumia makes history as first African unicorn to hit Wall Street
Jumia, Africa’s largest e-commerce company, made history on Friday as the first African tech startup to list on the New York Stock Exchange.
Wells Fargo beats 1Q earnings estimates amid new CEO search
The troubled lender is conducting a high-profile search for its next CEO.
JPMorgan shares pop after bank posts record profit
The largest bank in the U.S. said in its release that profit rose by 5 percent to $9.18 billion, or $2.65 per share.