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New lockdown weighs on UK economy

British Prime Minister Boris Johnson and members of his government risk significant political damage for their decision to introduce extremely tough restrictions on London and parts of the southeast England and withdraw a significant part of the social accommodations they had announced for Christmas gatherings. Yet as Johnson said in a widely watched briefing to the nation, “when the science ...

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Jamie Dimon gets his $30bn buyback wish

JPMorgan Chase & Co CEO Jamie Dimon made no secret that he wanted to buy back some of the bank’s stock before the roaring equity market rally took it too far. “I hope we can do it before it goes way up,” he said in July. Five months later, right in the heart of the holiday season, the Federal Reserve made ...

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Oil’s virus vaccine trade faces hurdles ahead

It’s easy to get caught up in oil’s recovery. After an exceptionally fraught year, hopes are high that putting 2020 soundly behind us can only mean better days. But there’s still a long way to go to get back to anything like normal. That hard reality didn’t stop crude prices from rising by $14 a barrel, or 37%, since the ...

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