Capital One’s fourth-quarter profit jumps on interest income boost
(Reuters) – Capital One Financial (NYSE:COF) reported a 60% rise in fourth-quarter profit on Tuesday, as a higher income from interests helped the consumer lender. Consumer spending has remained strong on hopes of a soft landing for the economy
BofA now expects Bank of Canada to cut 25bp in January amid falling inflation, tariffs risk
Canada’s Consumer Price Index (CPI) in December came in at 1.8% year-over-year (yoy), lower than the expected 1.9%, and a decrease from the previous month’s 1.9%. According to Bank of America, the drop was attributed in part to the GST/HST
Trump sees ‘great promise’ in UN, says his pick for ambassador
By Michelle Nichols UNITED NATIONS (Reuters) – U.S. President Donald Trump “sees great promise in the United Nations if it focuses on its founding mission of international peace and security,” his nominee to be ambassador told the U.S. Senate Foreign Relations