Business


What we know about Nice attacker Mohamed Lahouaiej Bouhlel

French President Francois Hollande arrived in the city on Friday morning and visited victims at a hospital. Molins confirms the attacker is Mohamed Lahouaiej Bouhlel, known to police for petty crime and violence but not suspected Islamist militancy.



JPMorgan's profits fall 2 percent; bank beats expectations

In JPMorgan's consumer bank, net revenue gained 4 percent to $11.45 billion as deposits and loans grew. The Fed's decision to hold interest rates at near-zero levels since the economic downturn of 2008 resulted in NIM figures across banks to shrink each quarter.


North American stock markets fairly quiet as Canadian dollar slips

North American stock markets fairly quiet as Canadian dollar slips

But the bank says it's taking a wait-and-see approach to rates until it knows the overall economic impact of Britain's decision to leave the European Union. But some investors think the worst is over as oil prices stabilize, the jobs market strengthens and consumers start spending more. Another came in the form of a better-than-expected jobs report, underscoring almost 300,000 new jobs in June, from the U.S.


Congress leaves Washington, its dysfunction on display

Congress leaves Washington, its dysfunction on display

In a pitch to Majority Leader Mitch McConnell (R-Ky.), Senate Minority Leader Harry Reid (D-Nev.) called for striking several provisions in the Zika measure loathed by Democrats. But Democrats cite specific problems with each of the bills and will block two of the three, reluctantly allowing only the opioid bill to make it to President Barack Obama's desk to become law despite being underfunded in their view.


Oil Recoups Losses as Markets Gain Strength

Oil Recoups Losses as Markets Gain Strength

The settlement was the lowest since mid-May. Brent notched a weekly gain of almost 2 percent and WTI about 1 percent after a volatile week. It is not only the production of crude oil that has analysts concerned. The dollar was down about 0.3 percent against the euro and 0.5 percent against the Swiss franc. "I'm not uber-bearish", Mr Wittner said. Some of the uncertainty surrounding Brexit eased this week, as Britain's Prime Minister David Cameron stepped down and passed the leadership ...


Trump makes it official, names Mike Pence as running mate

Trump makes it official, names Mike Pence as running mate

The presumptive GOP presidential nominee originally planned to unveil his choice Friday morning in New York City , but he canceled the event after the deadly attack in France late Thursday. Trump was making his final decision from California, where he is scheduled to attend a series of fundraisers at a distance from many of his closest advisers.