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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 ...
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 …
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Canadian Employment Grows by 91K in December Bank of Canada Expected to Cut Rates Through Mid-2025 2 days ago
The biggest insurance institutions in the world: Berkshire Hathaway
Jul 11, 2023 · The Omaha company has 389,000 employees in 2022. Twenty-five in the headquarters alone. A dozen instead on the board. With Berkshire Hathaway, in 1967 he acquired two insurance companies: the National Fire and Marine Insurance Company and the National Indemnity Company.The insurance sector gained more and more space within Buffett's holding, so in 1985 he definitively abandoned the textile ...
U.S. sanctions shake Russia: Gazprom's layoffs and export decline
Jan 14, 2025 · According to information obtained by the Moscow Times, Russian energy giant Gazprom, which has recorded hundreds of billions of rubles in losses, is preparing mass layoffs at its central office in St. Petersburg.Due to the reduced volume of work, the company wants to lay off over 1.6 thousand employees, and according to Russian media, the proposal was officially submitted by the Deputy ...
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).
US Core CPI slows to its lowest reading since july
Jan 16, 2025 · Core CPI, however, was softer at +0.23% MoM, the lowest reading since July. Analysts suspect the core PCE reading should be similar. This should be viewed as a favorable outcome, as core PPI subcomponents released earlier in the week suggested some risk of a more elevated reading.
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.
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.