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Wall Street surge powers JPMorgan to record-breaking 2024 results
Jan 16, 2025 · JPMorgan Chase & Co.'s annual profit hit a record high on a strong fourth-quarter market. JPM earned $14 billion in the period, the most in its history and the most by any U.S. savings institution. The company's annual profit of $58B was driven largely by a surge in its Wall Street operations as ...
Five key macro trends to watch in 2025 - financial-world.org
Nov 24, 2024 · Analysts believe that 3i's (Inflation, Inequalities and Immigration) were the principal culprit in political revolutions that over the last 15 months have either swept from power or meaningfully weakend almost all incumbent governments (e.g. US, UK, France, Germany, the Netherlands, Austria, Italy, Poland, Japan, and India).
These five billionaires could hit $1 trillion in wealth by 2035
2 days ago · Rebeca Riddel reacts. Rebeca Riddel from Oxfam is one of those who is outraged by this state of affairs, believing that this kind of inequality can only create even bigger problems. "It is an unimaginable amount. This extreme inequality is nothing to …
Trump brought back the US car company: Huge investment and …
16 hours ago · John Elkann and Trump. Stellantis leader, John Elkann and Trump had a recent meeting, which apparently bore fruit. The main man of Stellantis told Trump that this company wants to strengthen the production base in the US, and that they want to protect American jobs and strengthen the economy.
Scott Bessent warns of tax blow without renewal of 2017 tax cuts
6 days ago · Increased sanctions on the Russian energy sector. Founder and manager of the hedge fund Key Square Capital Management, Bessent, assessed that the previous US sanctions on the Russian oil sector were too weak and that the Biden administration did not have enough strength to introduce more extensive sanctions due to the limitation of US oil production.
Traders analyze December employment report for direction
Jan 10, 2025 · As for the rest of the day, traders will turn their focus to the US employment report for December. The report is gaining some prominence because recent comments from Fed officials have offered a mix of opinions regarding the outlook for inflation and policy rates, which has left traders looking for direction in the data, again.
December payrolls report supports labor market stabilization
Jan 10, 2025 · The December employment report was robust and supportive of the Macquarie team's view for stabilization in the labor market in 2025. Headline payrolls growth was +256K, the strongest gain since March. This may have been somewhat inflated by residual seasonality in retail trade that could unwind in ...
Financial News
Canadian Employment Grows by 91K in December Bank of Canada Expected to Cut Rates Through Mid-2025 2 days ago
Generational wealth gap widens as millennials lag behind
Aug 30, 2024 · Meanwhile, households in the 0.1% to 1% range have lost some ground, with their share dropping from 18% pre-COVID to below 17%. Similarly, those in the top 1% to 10% have also seen a decline, holding about 37% of national wealth, down from 40% before the pandemic.