America’s largest financial institutions closed out their first-quarter reporting cycle this week with earnings that, by nearly every conventional metric, outperformed what analysts expected. Yet the tone at the top of these institutions told a more cautious story — one that investors would be wise to take seriously alongside the headline numbers. Across JPMorgan, Bank of America, Wells

Micron Technology shares fell roughly 4% in Wednesday afternoon trading as investors took profits, capping a session that otherwise saw the broader market hit record highs. The pullback was a minor stumble relative to what has been a historic month for the chipmaker. Shares are up 40% since the beginning of April, a move that reflects something larger

The most consequential question in global finance right now is not whether an energy shock is underway — it is how long it lasts and whether central banks can hold the line against an inflation surge before demand destruction tips the world economy into recession. On Tuesday, two of the most closely watched voices in macroeconomic analysis answered