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So much for Britain’s vote to leave the European Union creating an immediate earnings headache for America’s largest banks. On Thursday morning, JPMorgan Chase shrugged off June’s Brexit vote, posting better than expected second quarter results, led by stronger than forecast trading activity and continued growth at the bank’s consumer business. The results augur well for banking

For more than a year, many of America’s weightiest CEOs and investors have been working to solve a major issue looming over the companies and portfolios they oversee: There’s a gap in confidence between investors and the corporations that trade on public stock markets. Many investors have grown frustrated with what they perceive as excessive executive compensation,

I was recently asked by an editor to write a piece on how Hillary Clinton and Donald Trump will impact the U.S. economy and markets. I declined. The next president will matter, of course, to the future of the country and the world, but may have almost no long-term impact on the economy and markets.

Investors are bidding down the yields on bonds issued by highly rated countries around the world, causing German, Swiss, Japanese and Dutch 10-year bonds to offer negative yields. Lending to the United States for 10-years presently yields 1.35%, down from the 2%-plus rates they yielded at the end of 2015, even once risky governments like