Major Wall Street banks today reported record revenues for Q1. Goldman Sachs and Morgan Stanley both reported record earning for Q1, and with earnings for these combined with Lehman Brothers and Bear Stearns, it brings income for all four Wall Street banks to $4.23bn, up 19% on last year. Investment banking remains especially profitable, with [...]

The Institute for Supply Management (ISM) reported that growth in the US industrial production sector was slowing, but remains strong overall. On it’s index it reported a slight fall to 55.3 from 56.4 in January, with growth still strong in 13 of 20 monitored areas. Although the markets had expected a higher index figure, overall [...]