Four big banks (JPMorgan Chase, Citigroup, PNC, Wells Fargo) reported earnings today, all beating expectations, especially JPMorgan, which posted its best quarter ever. That wind in the banks’ sails comes in the form of higher interest rate levels after three straight rate hikes by the Federal Reserve. That means banks get to charge you more […]
The new head of the railroad CSX has called a timeout on naps. For the past 20 years or so, the railway allowed naps under limited circumstances. Now CSX is implementing an approach meant to reduce train delays. So a few months ago, it told engineers and conductors snoozing is now off limits. The move […]
U.S. Energy Secretary Rick Perry meets today with Mexico’s president and its energy secretary in Mexico City. Perry said this week the U.S. has an opportunity to develop a “North American energy strategy.” His positive tone extends to the North American Free Trade Agreement, too. President Trump has talked of dismantling NAFTA, but Perry says […]
Lobbying comes in many forms. It can be meetings and phone calls or quiet chats in the corridors of power. Or academic papers. A story in the Wall Street Journal today highlights how Google’s Washington-based lobbying shop uses scholarly work to expand its influence. The Wall Street Journal’s Brody Mullins had the story. He talked […]
