The Global Economy Is Picking Up Steam, But the Poorest Countries Are Falling Behind, IMF Says

The International Monetary Fund expects global economic output to expand 3.2% this year, after previously predicting 2.9%. 


 
Recent Data Support Higher for Longer Rates, Fed Vice Chair Says

Philip Jefferson continues to expect moderating inflation and growth in 2024. It's just taking longer to get there. 


 
Bank of America Posts Strong Adjusted Profit and Net Interest Income

Bank of America's adjusted earnings in the first quarter were 83 cents a share, beating analysts' estimates of 76 cents. 


 
PNC Stock Is Edging Lower. Earnings Beat, but Revenue Disappointed.

Regional bank PNC Financial reported first-quarter earnings and revenue both slipped from a year ago. 


 
Morgan Stanley Stock Rises as Earnings Top Expectations in New CEO's First Quarter

The earnings come days after a report that federal regulators are looking into the vetting of customers at a core business. 


 
PwC Pushes Back at Evergrande Letter

PricewaterhouseCoopers has responded to a public letter that blamed some of its executives for the global accounting firm's exposure to China Evergrande, the fallen property giant. 


 
Trump's Truth Social Stake Shrinks by $3 Billion After Stock Tanks

Shares are down about 60% from a recent peak after the first three weeks of trading. 


 
Evolution Equity Raises $1.1 Billion for Cybersecurity Bets

Evolution Equity Partners has wrapped up fundraising with $1.1 billion collected for a fund to back cybersecurity companies through growth investments. 


 
Financial Services Roundup: Market Talk

Goldman Sachs, Blue Owl Capital and more in the latest Market Talks covering Financial Services. 


 
Wall Street Powers Goldman to Higher Quarterly Earnings

Revenue from investment banking and trading, the bank's traditional powerhouses, surged.


(END) Dow Jones Newswires

04-16-24 1115ET