Banks are taking a hit from global economic pressures, a truth that’s becoming crystal-clear from their first-quarter profit reports. Bank of America (BAC) and Wells Fargo (WFC), two of the largest retail banks, joined JPMorgan Chase (JPM) this week reporting lower first-quarter net profit. Source: USA Today
Amazon Japan has suspended direct online sales of Huawei Technologies Co. products after Washington last week blacklisted the Chinese communications giant, sources close to the matter said Friday. Source Japan Times
Russia’s industrial output growth in April 2019 jumped to 4.9% year-on-year after 1.2% growth in March, according to the latest data by Rosstat statistics agency. Source: BNE
