U.S. Treasury names former JP Morgan executive as racial equity czar

FILE PHOTO: The U.S. Treasury building is seen in Washington, September 29, 2008. REUTERS/Jim Bourg/File PhotoWASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen has named Janis Bowdler, a Latina activist and former head of the philanthropic arm of JP Morgan Chase,

U.S. economy grew at "modest to moderate" rate: Fed's Beige Book

FILE PHOTO: The Federal Reserve building is set against a blue sky in Washington, U.S., May 1, 2020. REUTERS/Kevin Lamarque/File Photo(Reuters) – The U.S. economy grew at a “modest to moderate” rate in September and early October, as the latest

U.S. banks beat profit estimates on economic rebound, red-hot markets

WASHINGTON (Reuters) – The four largest U.S. consumer banks posted another strong quarter this week as the rebounding economy allowed them to release more cash they had set aside for pandemic losses, while sizzling deals, equity financing and trading activity

U.S. committed to WTO and wants it to succeed, trade rep Tai says

GENEVA (Reuters) – U.S. Trade Representative Katherine Tai on Thursday affirmed the Biden administration’s commitment to the World Trade Organization (WTO), saying that reforms were possible as the body readies for a major ministerial conference next month.FILE PHOTO: U.S. Trade

Wall St to bounce at open as debt ceiling, inflation worries cool

(Reuters) -U.S. stocks were set to open higher on Thursday after a temporary truce in the debt-ceiling standoff in Congress relieved concerns of a possible government debt default, while a dip in oil prices eased worries of higher inflation.A specialist