Janet Yellen Says a Price Cap on Oil Is in Russia’s Interest


Inflation and market turmoil are weighing on JPMorgan Chase, the nation’s largest bank.Hiroko Masuike/The New York TimesSlowing demand and sinking markets have put an end to a period of record-setting profits for the country’s biggest banks, but that doesn’t mean a recession is imminent, top bankers say, even if it may look like they are…

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Markets should brace for a period of central bank-induced turmoil before the Fed dials back on rate hikes, and stocks could soon retest recent lows, JPMorgan says