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What recession? Professional forecasters raise expectations for U.S. economy in 2024 

NEW YORK (AP) – This year looks to be a much better one for the U.S. economy than business economists were forecasting just a...

U.S. applications for jobless benefits highest since October 2021

The number of Americans applying for unemployment benefits last week rose to its highest level since October 2021, but the labor market remains one...

U.S. applications for unemployment benefits tick up slightly as labor market...

The number of Americans filing for unemployment benefits rose slightly last week but remains at healthy levels that continue to show a strong U.S....

Fewer Americans apply for jobless benefits, labor market still showing strength 

NEW YORK (AP) – Fewer Americans applied for jobless benefits last week after a previous spike that some took as a sign that higher...
CROSSROADS RHODE ISLAND has named nine new board members, among them are former CVS Health Corp. executive and gubernatorial candidate Helena B. Foulkes, Citizens Financial Group Inc. Rhode Island President Keith Kelly and R.I. Treasurer James A. Diossa. / COURTESY CROSSROADS RHODE ISLAND

Foulkes, Diossa, Citizens Bank’s Kelly among 9 new Crossroads R.I. board...

PROVIDENCE – A former gubernatorial candidate, Rhode Island’s current treasurer and the local president of Citizens Financial Group Inc. are among the new members...
THE TOP six banks in the U.S. saved $18 billion collectively due to their average effective tax rate falling to 18% in 2019 from the 30% average prior to the Republican tax overhaul of 2017. / BLOOMBERG NEWS FILE PHOTO/JIN LEE

Trump tax cut hands $32B windfall to America’s top banks

NEW YORK – Savings for the top six United States banks from President Donald Trump’s signature tax overhaul accelerated last year, now topping $32...
BANK OF AMERICA's stock was upgraded to buy by UBS AG, bucking recent trends and recommendations on bank stock investment. / BLOOMBERG NEWS FILE PHOTO/RON ANTONELLI

BofA, Morgan Stanley get rare upgrades in season of pessimism

NEW YORK - Analysts haven’t shown a lot of love to bank stocks lately, but a few calls are swimming against the tide. UBS AG...
NINE BIG BANKS and brokers are attempting to form a new United States stock market called The Members Exchange. / BLOOMBERG NEWS FILE PHOTO/MICHAEL NAGLE

Brokers form new stock market to take on NYSE, Nasdaq, Cboe

NEW YORK - A group of big banks and brokers is forming a new United States stock market, funneling years of frustration about how much...
THE FEDERAL RESERVE'S bank stress test assumed tougher economic conditions than 2017 for its "severely adverse scenario." / BLOOMBERG

Goldman, Morgan Stanley say test scores may not curb payouts

NEW YORK - Goldman Sachs Group Inc. and Morgan Stanley are imploring investors not to get spooked. The investment banks had the two lowest capital...

Tricia S. O’Neil, CFA, Named to Forbes Magazine’s List of America’s...

NEW YORK - Morgan Stanley (NYSE: MS) today announced that Tricia S. O’Neil, CFA, a Senior Vice President, Financial Advisor in the Firm’s Providence...
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