The five largest United States banks reported tax rates of 22 percent or less for the second quarter this year. Lower taxes helped smooth over earnings rough spots. Source: NYT > Business – Emily Flitter
Bond Returns Have Been Spectacular. Don’t Count on a Sequel.
A large and largely unexpected decline in bond interest rates requires downshifting expectations for the future. Source: NYT > Business – Carla Fried
Turkey’s Long, Painful Economic Crisis Grinds On
Turkey remains stuck in perilous proximity to economic crisis, as households and businesses defer spending and investment in the face of weak growth. Source: NYT > Business – Peter S. Goodman
Trade War May Be Slowing Business Spending and Factories, Fed Says
A report by Federal Reserve officials said that United States economic activity increased at a “solid pace” in early 2019, but that risks still loomed. Source: NYT > Business – Jeanna Smialek
How to Manage Your Credit Card Bills, Which Experts Say Are Late More Often
There are way to get help: Start by contacting your card companies to ask about an interest-rate cut or lower minimum. Source: NYT > Business – Ann Carrns
Taxi Officials Are Grilled Over Lending Crisis: ‘This Is a Moral Outrage’
In an emotional City Council hearing, lawmakers said New York officials could have stopped exploitative loans that have devastated thousands of cabdrivers. Source: NYT > Business – Brian M. Rosenthal