Scott Horsley
๐ค SpeakerAppearances Over Time
Podcast Appearances
The vote comes as part of Tesla's annual meeting in Austin, Texas.
Scott Horsley, NPR News, Washington.
JPMorgan Chase, Goldman Sachs, Wells Fargo, and other big banks all reported solid profits for the most recent quarter, thanks in part to big deal-making fees.
It was a busy summer for mergers and acquisitions, and the banks that helped broker those deals all took their cut.
It was a less rosy season for some regional banks that reported trouble with borrowers, but after some initial jitters, investors seemed to shrug off those concerns.
Meanwhile, the Trump administration continues to send mixed signals on the trade outlook with China.
For the week, the Dow gained 1.5 percent, the S&P 500 index rose 1.7 percent, and the Nasdaq jumped more than 2.1 percent.
Scott Horsley, NPR News, Washington.
With government data on consumer spending held up by the federal shutdown, analysts are watching for other clues, including the big credit card companies.
American Express says its quarterly profits jumped 16 percent, thanks in part to robust spending by wealthy Amex cardholders.
The company also says it's fielded half a million requests for its new perk-laden platinum card, despite raising the annual fee to nearly $900.
Chamber of Commerce is suing the Trump administration over its plan to charge $100,000 for new high-tech visas.
The lawsuit says the fee is unlawful and would harm U.S.
Scott Horsley, NPR News, Washington.
The Commerce Department's report on retail sales for September is delayed.
As with other key data points, it's been sidetracked by the government shutdown.
A collection of anecdotal reports released by the Federal Reserve this week suggest consumer spending has been inching down, but spending by high-income households remains strong.
Fed Governor Chris Waller says upper income households are less affected by rising prices and a softening job market.