Prospect for global earnings growth this year is dim despite better-than-expected first-quarter results in the US and Europe.
Federal Reserve may be signaling its willingness to pause rate hikes, but BofA's Michael Hartnett says it’s not yet time to buy equities.
Emergency borrowing from Fed plunged last week mostly reflecting seizure of First Republic Bank which accounted for large share of outstanding loans.
Chief executive Jamie Dimon has presented the takeover of First Republic as a public service. But critics claim the system is stacked in its favour.