Sabri Beneshour
๐ค SpeakerAppearances Over Time
Podcast Appearances
Fourth quarter earnings season gets underway this week.
This is where companies report back on how they did in the last quarter and what they see ahead.
Kicking it off are some major banks.
JPMorgan Chase reported its net income for the year was $57 billion, second best year ever.
Tomorrow, it's Bank of America, Wells Fargo and Citigroup.
And one thing bank CEOs are sure to be asked about on their earnings calls is President Trump's call to cap credit card interest rates at 10 percent.
That would be about half what they are now.
Marketplace's Nova Sappho has more on the pros and cons.
And a federal judge has struck down the Trump administration's suspension of an offshore wind project off the coast of Rhode Island.
The administration had argued the turbines, which were almost completely installed, posed a national security risk.
The judge rejected that claim.
The developer, a Danish firm called Orsted, said the turbines would power 350,000 homes.
Shares of Orsted are up 3.4 percent.
While markets are obsessed with artificial intelligence, there is another global tech competition running in the background, the race for quantum computing.
By using quantum mechanics to drive computation, these machines could help solve problems that would take today's supercomputers millennia to figure out.
We're not there yet, but the BBC's Faisal Islam got access to one site at the cutting edge of this technology, Google's Quantum Lab in Santa Barbara, California.
And he gives us this tour.
That story from Faisal Islam with our editorial partners at the BBC.
In New York, I'm Sabri Beneshour with the Marketplace Morning Report.
From APM American Public Media.