Political Capital

Posts tagged: jpmorgan chase

People seeking employment fill out applications on April 23, 2014 in Detroit.

Photograph by Joshua Lott/Getty Images

People seeking employment fill out applications on April 23, 2014 in Detroit.

Bloomberg by the Numbers: 62.8%

The participation rate — the share of the working-age population in the U.S. either employed or seeking a job — was 62.8 percent in April. This matches the lowest level since March 1978. The share of potential workers either employed...

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Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks during a news conference in Washington, D.C., on Feb. 26, 2014.

Photograph by Andrew Harrer/Bloomberg

Representative David "Dave" Camp, a Republican from Michigan and chairman of the House Ways and Means Committee, speaks during a news conference in Washington, D.C., on Feb. 26, 2014.

Camp’s Bank Tax Drawing Party Fire

– written with Cheyenne Hopkins When Republican Rep. Dave Camp proposed a version of President Barack Obama’s bank tax, he irritated more than just the handful of companies that would be on the hook for $86.4 billion over the next...

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Pedestrians are reflected in a shop window advertising "Prime Retail Space Available" in New York, on July 24, 2013.

Photograph by Scott Eells/Bloomberg

Pedestrians are reflected in a shop window advertising "Prime Retail Space Available" in New York, on July 24, 2013.

Politics Blur Consumer Confidence: Influence of Measures Lessened

The American public’s views of the economy are increasingly colored by politics, making consumer sentiment a less reliable gauge of the outlook for the spending that drives growth. Self-identified Democrats and Republicans surveyed for the Bloomberg Comfort Index are showing...

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Engineers work on the graphite super structures of the science module section of the James Webb Space Telescope at Alliant Techsystems Inc.'s (ATK) Space Components Division in Magna, Utah.

Photograph by George Frey/Bloomberg

Engineers work on the graphite super structures of the science module section of the James Webb Space Telescope at Alliant Techsystems Inc.'s (ATK) Space Components Division in Magna, Utah.

Unemployment Claims Lowest Since November 2007

An unexpected decline in applications for jobless benefits last week indicates companies remain optimistic the economy will persevere after cooling in the second quarter. The average number of Americans filing first-time claims for unemployment benefits in the last four weeks dropped to the lowest...

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Commuter passengers move through Penn Station on April 16, 2013 in New York City.

Photograph by John Moore/Getty Images

Commuter passengers move through Penn Station on April 16, 2013 in New York City.

April Jobs Report: Caveats

At the risk of raining on Wall Street’s parade today after the Labor Department’s April employment report, there are some caveats in the data. Of the jobs added last month, many were in industries that typically don’t pay a lot. The average number...

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A trader works on the floor at the New York Stock Exchange on Feb. 27, 2013.

Photograph by Seth Wenig/AP Photo

A trader works on the floor at the New York Stock Exchange on Feb. 27, 2013.

Bloomberg by the Numbers: 14,075.37

That’s where the Dow Jones Industrial Average closed yesterday, its highest level since October 2007. The Dow added 175.24 points and closed within 90 points of its record. The advance was led by JP Morgan Chase & Co., Caterpillar Inc.,...

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Senate Minority Leader Sen. Mitch McConnell during a news briefing after the weekly Senate Republican Policy Luncheon on Capitol Hill.

Photograph by Alex Wong/Getty Images

Senate Minority Leader Sen. Mitch McConnell during a news briefing after the weekly Senate Republican Policy Luncheon on Capitol Hill.

McConnell’s Warchest: $7.4 Million

Senate Minority Leader Mitch McConnell, who’s seeking a sixth term in 2014, began this year with $7.4 million in campaign funds. The Kentucky Republican raised $769,000 in the final three months of 2012, according to a report McConnell’s campaign filed...

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Washington’s precarious fiscal-cliff stalemate. Photograph by Steven Puetzer

Washington’s precarious fiscal-cliff stalemate. Photograph by Steven Puetzer

JPMorgan: Fiscal Cliff Slow-Walking Feeds Stock Market Volatility

Volatility has returned to U.S. stocks since the presidential election, and it’s partly Washington’s fault as the fiscal-cliff stalemate makes investors more and more skittish, according to JPMorgan Chase & Co. And even bigger swings may be on the way...

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