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Fitch slashes U.S. high-yield default forecast

Favourable financing conditions and an economic recovery are easing credit pressure, said rating agency

American businessman holding a pile of 100 dollar bills

U.S. economy rebounding, helped by stimulus and vaccines

A Federal Reserve survey finds optimism as activity accelerates

Drawings and charts of successful business, workplace of the businessman

Wells Fargo earned $4.74 billion in Q1, topping estimates

The release of loan-loss provisions helped boost the U.S. bank's earnings

wall street, new york city

Goldman Sachs, JPMorgan profits surge in Q1

Trading helped drive results

Competitive Edge

U.S. consumer prices jump 0.6% in March, biggest gain since 2012

Economists expect further price gains in coming months

U.S. will reopen to a “different economy,” Fed’s Powell says

Speaking to the IMF, Powell said vaccinations and rapid rehiring signal the U.S. will fully reopen soon

Eager to build infrastructure, Biden plans to tax business

The American president's plan includes hiking the corporate rate to 28% from 21%

display of the depression of stock market in thailand

Global banks warn of possible losses from hedge fund default

News reports identified the hedge fund as New York-based Archegos Capital Management

FINRA sees surge in ‘instant funds’ scams

Social media–driven trading fuels spike in U.S. brokerage fraud

U.S. consumer spending dropped 1% in February

Consumers' spending and personal incomes both fell sharply