Powell says labor market continues softening despite delayed jobs data

News

Federal Reserve Chair Jerome Powell on Tuesday said that the economy continues to see a softening of the labor market despite the government shutdown delaying the release of official jobs and inflation data. Powell spoke at the National Association of Business Economists (NABE) after receiving the Adam Smith Award for his…

ETF industry breaks $1T inflow record

Markets

The theme song for the exchange-traded fund industry could very well be Frank Sinatra’s “It Was a Very Good Year,” as the industry just hit $1 trillion annually in assets this month, faster than any other time in history. “I think, largely speaking, you look across the different asset classes…

Goldman Sachs beats profit expectations on investment banking surge

Markets

Goldman Sachs beat Wall Street expectations for third-quarter profits on Tuesday, as its investment bankers earned higher advisory fees and rallying markets boosted revenue from managing client assets. The bank’s prediction for a banner year for dealmaking has materialized as corporations revive plans for mergers and listings.Goldman’s investment banking fees…

JPMorgan raises full-year forecast after beating Q3 profit expectations

Markets

JPMorgan Chase raised its full-year forecast for net interest income on Tuesday, after strong performance in its trading and investment banking businesses helped it beat expectations for third-quarter profit. Economic resilience despite tariff war risks and hopes of U.S. interest rate cuts have prompted companies to strike big deals and…