David Hollerith

Nashville, New York

Senior Reporter at Yahoo Finance

Banking and crypto coverage for @YahooFinance; @columbiajournMA alum.

Articles

BofA's Moynihan says 'we potentially face a changing economy' after stock traders post record haul

1 week ago | ca.finance.yahoo.com | David Hollerith

In This Article: Bank of America (BAC) reported a first-quarter rise in profits and revenue driven by robust trading results, becoming that latest big bank to benefit from the market volatility triggered by the start of President Trump’s tariff rollout in February and March.
Goldman CEO Solomon says prospect of a US recession 'has increased'

1 week ago | sg.finance.yahoo.com | David Hollerith

Goldman Sachs (GS) CEO David Solomon said Monday that the prospect of a recession "has increased" amid the uncertainties of a trade war and the new challenges facing CEOs who are unsure about how to plan for the future.
JPMorgan's Dimon says economy is facing 'considerable turbulence'

1 week ago | ca.finance.yahoo.com | David Hollerith

JPMorgan Chase (JPM) CEO Jamie Dimon warned Friday that the economy faces "considerable turbulence," even as his bank reported a rise in first quarter profits, and said, "We continue to believe it is prudent to maintain excess capital and ample liquidity in this environment." The bank’s earnings of $14.64 billion rose 9% from the year-ago quarter. But JPMorgan also set aside 75% more provisions to cover future loan losses — a sign that it expects borrowers to run into more problems ahead.
JPMorgan earnings provide first look at Wall Street tariff turmoil

1 week ago | ca.finance.yahoo.com | David Hollerith

In This Article: When JPMorgan Chase (JPM) reports first quarter earnings Friday morning, investors will be most focused on the future as they listen for any clues about how President Trump’s tariffs may scramble the outlook for the bank and its customers. The stock of the largest US bank has been dragged lower in the last week by the many economic uncertainties surrounding the president’s trade war, including a 145% tariff on China and separate duties on other countries and industries.
JPMorgan's Dimon Says US Recession Now a 'Likely Outcome'

2 weeks ago | thewealthadvisor.com | David Hollerith

(Yahoo!Finance) - JPMorgan Chase (JPM) CEO Jamie Dimon called a US recession a "likely outcome" amid the turmoil triggered by President Trump's tariffs and warned that a negative market reaction to trade policies "could get worse if we don't make some progress." The boss of the largest US bank went a step further than how he described the ultimate economic outcome in his annual shareholder letter Monday, where he stopped short of predicting a recession even as he noted tariffs could lead to...
JPMorgan's Dimon says US recession now a 'likely outcome'

2 weeks ago | ca.finance.yahoo.com | David Hollerith

JPMorgan Chase (JPM) CEO Jamie Dimon called a US recession a "likely outcome" amid the turmoil triggered by President Trump's tariffs and warned that a negative market reaction to trade policies "could get worse if we don't make some progress." The boss of the largest US bank went a step further than how he described the ultimate economic outcome in his annual shareholder letter Monday, where he stopped short of predicting a recession even as he noted tariffs could lead to both short-term...
Signs of Wall Street Stress Pile Up Amid Trump Tariff Turmoil

2 weeks ago | thewealthadvisor.com | David Hollerith

(Yahoo!Finance) - The signs of stress on Wall Street have mounted amid the many uncertainties triggered by President Trump’s tariffs. IPOs and mergers were put on the shelf. Leverage loan deals were shoved to the sidelines. Bond sales were paused. The freeze-up of activity that followed Trump's "Liberation Day" announcement last week made for some nervous days on Wall Street as Trump’s tariffs stoked recession fears. Tuesday offered some hope of a reprieve as stocks rallied.
Bill Ackman’s public campaign to sway Trump on tariffs

2 weeks ago | ca.finance.yahoo.com | David Hollerith

Bill Ackman’s public campaign to slow down the rollout of President Trump’s tariffs continued Tuesday as the billionaire again took to social media to advocate for a pause. The hedge fund manager who runs Pershing Square Holdings (PSHZF) and backed Trump during the 2024 campaign said he was "totally supportive" of using tariffs to eliminate unfair trading practices and bring more manufacturing to the US.
Signs of Wall Street stress pile up amid Trump tariff turmoil

2 weeks ago | ca.finance.yahoo.com | David Hollerith

The signs of stress on Wall Street have mounted amid the many uncertainties triggered by President Trump’s tariffs. IPOs and mergers were put on the shelf. Leverage loan deals were shoved to the sidelines. Bond sales were paused. The freeze-up of activity that followed Trump's "Liberation Day" announcement last week made for some nervous days on Wall Street as Trump’s tariffs stoked recession fears. Tuesday offered some hope of a reprieve as stocks rallied.
BlackRock's Fink says most CEOs tell him 'we are probably in a recession right now'

2 weeks ago | ca.finance.yahoo.com | David Hollerith

BlackRock (BLK) CEO Larry Fink on Monday said stocks could go down another 20% and that "most CEOs I talk to would say we are probably in a recession right now."The US economy, he added during an appearance at the Economic Club of New York, is "weakening as we speak."The boss of the world's largest money tried to inject some optimism amid his warnings, especially for investors with a long-time horizon.