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JPMorgan's net income jumps 50% to more than $14 billion in the final quarter of 2024
JPMorgan’s net income soared 50% to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for
Core CPI rises less than forecast as inflation pressures ease slightly in December
New data from the Bureau of Labor Statistics out Wednesday showed that a key inflation metric eased for the first time since July. On a "core" basis, which strips out the more volatile costs of food
Major crafts retailer files for bankruptcy
Joann filed for Chapter 11 bankruptcy protection for the second time in less than a year as it contending with a difficult retail environment. The company is also trying to sell itself.
Jamie Dimon's 'base case' for stepping down as JPMorgan CEO is a few years from now
Jamie Dimon agreed Wednesday with an analyst's assessment that his "base case" for stepping down as JPMorgan Chase CEO is a few years from now. The new comments on succession came one day after the
Inflation rises 2.9% in December, in line with expectations
The Labor Department released the inflation report for December which showed prices were up 2.9% from a year ago, in line with economists expectations and up from 2.7% in November.
JPMorgan notches another record year of profits
JPMorgan Chase (JPM) churned out more profits than it ever has before as it earned $14 billion in the final quarter of 2024. Its full-year profits rose to $58 billion, an all-time record for JPMorgan
Hold onto your current job if you want to keep working remotely
Americans who want to keep their work-from-home arrangements may need to cling to their current jobs. Corporate giants like Amazon, AT&T, and JPMorgan have notified employees they must return to the
New inflation reading likely keeps the Fed on pause for now
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new reading did show some signs of easing. On a "core"
Stock market today: Global stocks mixed ahead of US inflation data
World stocks were mixed on Wednesday following Wall Street’s mostly positive performance before key U.S. inflation data that could influence the pace of market-boosting rate cuts by the Federal
Why stocks and bonds are on a tear today
US stocks soared as traders cheered encouraging inflation data, while the 10-year Treasury plunged 13 basis points.
XRP Price Hit Record High. Watch This SEC Vs. Ripple Development Today.
XRP price soared double digits to reach an all-time high early Wednesday. The price of the popular altcoin, used to facilitate and settle transactions on the Ripple payment platform, is up 6.7% over
Cryptocurrency is a non-thing
Last November, for the first time, the FDIC reported the results of a new question it added to the survey: Do you use a cryptocurrency like bitcoin instead of a bank? From the start, the dream for
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