JPMorgan Chase Returns to a Familiar Role: Bank Rescuer

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The Berkshire Hathaway vice chairman told The Financial Times that American lenders were sitting on troubled commercial mortgages that were vulnerable as property prices fall, portending pain for those banks. Writers have pushed for economic concessions from studios that factor in changes wrought by the rise of streaming A parade of earnings surprises was enough to nudge the stock market higher last month, even as turmoil in the banking sector and a cost-of-living crisis reignited recession fears. That narrow focus is one reason Michael Hartnett, the chief investment strategist at Bank of America, concluded that the stock market is likely to fizzle out, as the economy slows further and corporate earnings stagnate. An analysis of earnings calls found that “company commentary supports both the idea that the period of more challenging conditions is getting underway, and that it will be fairly mild with pockets of strength providing a buffer,” she wrote to investors on Monday. Economists will pore over the release of eurozone consumer price data: A hot number could force the European Central Bank to more aggressively raise interest rates later in the week.

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