Maggie Fitzgerald’s Posts

Shareholder value is no longer the main focus of some of America’s top business leaders.

The Business Roundtable, a group of chief executive officers from major U.S. corporations, issued a statement Monday with a new definition of the “purpose of a corporation.”

The average American household will be down $1,000 per year thanks to the newest round of tariffs on Chinese goods, according to J.P. Morgan.

Volatility is back on Wall Street.

The average daily point range of the Dow Jones Industrial Average so far this month is about 482 points, which is more than double the average daily range from the rest of the year (224 points from January to July).

The United States Trade Representative office said Tuesday that new tariffs on certain consumer items would be delayed until Dec. 15, while other products were being removed from the new China tariff list altogether. It cited health and security factors.

Recession risk is rising, according to Bank of America.

Based on the most recent data, the bank’s global economist now sees a greater than 30% chance of a recession in the next year.

Goldman Sachs has a new battle plan for the trade war: Buy service-providing stocks and avoid goods-producing companies.

Treasury Secretary Steven Mnuchin said the Justice Department should be looking into Amazon’s practices.

House Speaker Nancy Pelosi is rejecting the White House’s most recent debt ceiling proposal, which included $150 billion in spending cuts, Bloomberg News reported on Friday.

JP Morgan chief Jamie Dimon says we need to “fix the broken parts” of student lending in the United States, according to Yahoo Finance.

Some of America’s billionaires have a message for the next President of the United States: tax us.

A series of explosions early Friday tore through a Philadelphia gasoline refinery, the East Coast’s largest, sending shock waves for miles and raining debris on nearby neighborhoods, just as the busy summer driving season was beginning.