JPMorgan Chase See Profits Skyrocket Despite Banking Crisis
Video Credit: Wibbitz Top Stories - Duration: 01:31s - Published
JPMorgan Chase See Profits Skyrocket Despite Banking Crisis
JPMorgan Chase , See Profits Skyrocket , Despite Banking Crisis.
ABC News reports that JPMorgan Chase posted a 52%
leap in first-quarter profits following the failure of
Silicon Valley Bank and Signature Bank last month.
ABC News reports that JPMorgan Chase posted a 52%
leap in first-quarter profits following the failure of
Silicon Valley Bank and Signature Bank last month.
JPMorgan posted a profit of $12.62 billion,
compared to a profit of just $8.28 billion
at the same time last year.
Following the collapse of the smaller banks,
JPMorgan saw deposits noticeably grow as businesses
and customers flocked to the financial institution.
Higher interest rates also
allowed the banking titan to
charge customers more for loans.
ABC reports that the bank's net interest
income was $20.8 billion, a 49% increase
from the same time last year.
Both Citigroup and Wells Fargo
also showed solid results on April 14.
ABC reports that the news suggests that the nation's
biggest, most complex financial institutions may be
spared from potential trouble in the banking sector.
These were the most watched bank
earnings announcements in over
a decade, with market participants
scouring the results looking for signs
of cracks in the U.S. banking sector.
, Octavio Marenzi, CEO of consulting firm Opimas LLC, via ABC.
These were the most watched bank
earnings announcements in over
a decade, with market participants
scouring the results looking for signs
of cracks in the U.S. banking sector.
, Octavio Marenzi, CEO of consulting firm Opimas LLC, via ABC.
Those analysts looking for
signs of the banking crisis were
greatly relieved to not find any, Octavio Marenzi, CEO of consulting firm Opimas LLC, via ABC.
Also exceeding analysts' expectations,
on a per-share basis, the bank earned
$4.10 a share, up from last year's $2.63.
After senior ABC reporter Avani Dias claimed she was compelled to leave the country due to her refusal to align with the government's stance, 30 foreign.. IndiaTimes
Kiss Sells Catalog, , Brand Name and IP.
Pophouse Entertainment Group has bought the rock band's catalog, brand name and intellectual property in a deal worth over $300 million, ABC News reports. .
Björn Ulvaeus of ABBA co-founded Pophouse.
When Kiss played their last show in
December, they revealed digital avatars
of themselves, ABC News reports.
Pophouse partnered with
George Lucas' company, Industrial Light & Magic, to create the avatar technology.
The "ABBA Voyage" show in
London featured an entire performance
with the Swedish band's digital avatars.
ABC News reports that a biopic, documentary and "Kiss experience" are in the works, according to Pophouse CEO Per Sundin.
An avatar show is planned for the later part of 2027.
Gene Simmons said,
"I don't like the word acquisition.".
Collaboration is exactly what it’s
about. It would be remiss in our
inferred fiduciary duty — see what
I just did there? — to the thing
that we created to abandon it, Gene Simmons, to AP.
People might misunderstand and think,
‘OK, now Pophouse is doing that stuff
and we’re just in Beverly Hills twiddling
our thumbs.’ No, that’s not true. , Gene Simmons, to AP.
We’re in the trenches with them.
We talk all the time. We share ideas.
It’s a collaboration. Paul (Stanley) and
I especially, with the band, we’ll stay
committed to this. It’s our baby, Gene Simmons, to AP
Credit: Wibbitz Top Stories Duration: 01:30Published
Sam Bankman-Fried , Speaks Out After Sentencing.
The former FTX CEO was sentenced
to 25 years in prison on March 28.
He was previously convicted of fraud, conspiracy and money laundering.
In an exclusive interview with ABC News,
the 32-year-old exhibited remorse for his actions, saying, "It's most of what I think about each day.".
Bankman-Fried attributed FTX's downfall to many "bad decisions" made in 2022, ABC News reports. .
I never thought that what I was
doing was illegal. But I tried to hold
myself to a high standard, and I
certainly didn't meet that standard. , Sam Bankman-Fried, to ABC News.
I've heard and seen the despair,
frustration and sense of betrayal from
thousands of customers; they deserve
to be paid in full, at current price, Sam Bankman-Fried, to ABC News.
That could and should have
happened in November 2022,
and it could and should happen
today. It's excruciating to see
them waiting, day after day, Sam Bankman-Fried, to ABC News.
Bankman-Fried went on to say that he's "haunted, every day, by what was lost.".
I'd give anything to be able to help
repair even part of the damage.
I'm doing what I can from prison,
but it's deeply frustrating not
to be able to do more, Sam Bankman-Fried, to ABC News.
Bankman-Fried plans to
appeal based on trial testimony that
"greatly misstated what actually happened.".
I'd give anything to be out there, trying
to make a positive difference in the
world, but I know that's not going to
happen. I can't help from prison, Sam Bankman-Fried, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Biden Cracks Down , on ‘Junk Insurance Plans’.
On March 28, President Joe Biden announced that
a new rule will limit short-term health insurance
plans to three months, ABC News reports. .
The plans can now only be renewed for up to
four months instead of three years that were permitted under former President Donald Trump. .
The plans can now only be renewed for up to
four months instead of three years that were permitted under former President Donald Trump. .
Additionally, short-term plan providers must
clearly explain benefit limitations to consumers. .
The president really believes
the American people do not want
to be taken for suckers and junk insurance takes them for suckers, Neera Tanden, Biden's domestic policy adviser, via statement.
Short-term insurance is intended to temporarily serve as a safety net for periods of transition,
such as switching jobs or prior to receiving Medicare.
However, critics call these plans
"junk insurance" because they're often misleading as far as what they actually cover.
ABC News reports that the plans aren't required to cover those with preexisting conditions or pay for prescription drugs.
In 2018, Trump expanded short-term plans and referred to them as "much less expensive health care at a much lower price.".
Neera Tanden, Biden's domestic policy adviser,
said that Trump undermined the Affordable Care Act
(ACA) when he allowed insurance companies to
sell inadequate short-term plans.
Neera Tanden, Biden's domestic policy adviser,
said that Trump undermined the Affordable Care Act
(ACA) when he allowed insurance companies to
sell inadequate short-term plans.
The short-term plan expansion was
upheld by an appeals court in 2020
Credit: Wibbitz Top Stories Duration: 01:31Published
Chick-fil-A Will Start Serving Chicken , Treated With Antibiotics.
On its website, the fast food chain said that
"serving quality food has always been our priority," .
but beginning in spring 2024, the company will
"shift from No Antibiotics Ever (NAE) to No Antibiotics Important To Human Medicine (NAIHM).".
NAIHM restricts the use of those
antibiotics that are important to human
medicine and commonly used to treat
people, and allows use of animal
antibiotics only if the animal and
those around it were to become sick, Chick-fil-A, via statement.
Chick-fil-A previously pledged
"no antibiotics ever" for
more than a decade. .
The change in policy comes amid projected supply shortages, ABC News reports. .
Chick-fil-A highlighted its pledge
to use high-quality chicken.
saying that it only uses "real, white
breast meat with no added fillers, artificial
preservatives, steroids -- and no added hormones.".
saying that it only uses "real, white
breast meat with no added fillers, artificial
preservatives, steroids -- and no added hormones.".
We established an Animal
Wellbeing Council of outside
experts, which provides feedback
on our policies and practices, Chick-fil-A, via statement.
With their input, we are constantly
evaluating our approach to animal
wellbeing to ensure it is consistent
with or exceeds industry standards, Chick-fil-A, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
6 Tips, for First-Time Investors.
1. Do not put all your
money into one company.
Just because Tesla leads the electric car market
right now, it does not mean it will be this way forever.
2. Avoid paying too much attention
to pundits on television.
Wells Fargo Adviser Scott Pedvis says a big
mistake is taking what others say "as gospel.".
3. Start as early as you can.
The earlier you begin, the more
time investments have to develop.
4. Enroll in a 401k plan
at your job, if possible.
A 401k is an excellent way to store money for when you eventually retire.
5. Do not be afraid
to ask for help.
A lot of investing can be done independently,
but not everything in your life can be do-it-yourself, Scott Pedvis, via 'USA Today'.
6. Put money into your investments on
a predetermined date each month.
It forces you to save,
and takes the emotion
out of investing, Scott Pedvis, via 'USA Today'
Credit: Wibbitz Top Stories Duration: 01:30Published
Gold prices have surged over 15% in the last three months, making it the best performing asset class since the beginning of 2024. Similarly, silver has delivered returns of over 13% since January 1. Citigroup forecasts gold to reach $3,000 per ounce over the next 6-18 months, driven by inflation and expectations of monetary easing. Geopolitical tensions in the Middle East and Ukraine further bolster gold prices.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
~HT.178~ED.194~GR.124~
Data Shows , US Wages Falling , at a 'Striking' Pace.
Fox News reports that wage growth
in the United States has slowed
significantly over the past year. .
According to new data from Indeed,
wage growth is beginning
to near pre-pandemic levels. .
Indeed's wage tracker showed that salaries have had
a marked drop since January 2022, suggesting that
employers are seeing less competition for new hires.
The pace of deceleration
is striking. Posted wage growth
has fallen by almost 3 percentage
points over the past year, Nick Bunker, Indeed labor economist, via Fox News.
Fox News reports that the most pronounced
deceleration was found in low-wage sectors. .
Given the huge run-up in posted
wages for those sectors, wage growth
is still above its pre-pandemic pace.
How long this will last is uncertain, Nick Bunker, Indeed labor economist, via Fox News.
After remaining historically tight throughout the last
year, the labor market is expected to continue slowing
in the coming months amid elevated interest rates.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
Since March of 2022, the Federal Reserve has increased interest rates 11 times in an attempt to slow down inflation and cool the labor market.
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
In 2024, there have already been a number of significant layoffs, with major companies like Alphabet, Amazon and Citigroup cutting jobs. .
Despite this, job growth has
remained resilient, with employers
adding 275,000 jobs in February. .
At the same time, Labor Department
data shows that the unemployment
rate for the month also rose to 3.9%.
Credit: Wibbitz Top Stories Duration: 01:31Published
![Kiss Sells Catalog, Brand Name and IP [Video]](https://video.newsserve.net/300/v/20240404/1371825908-Kiss-Sells-Catalog-Brand-Name-and-IP.jpg)
![Sam Bankman-Fried Speaks Out After Sentencing [Video]](https://video.newsserve.net/300/v/20240401/1371536820-Sam-Bankman-Fried-Speaks-Out-After-Sentencing.jpg)
![Biden Cracks Down on ‘Junk Insurance Plans’ [Video]](https://video.newsserve.net/300/v/20240328/1371209488-Biden-Cracks-Down-on-Junk-Insurance-Plans.jpg)
![Chick-fil-A Will Start Serving Chicken Treated With Antibiotics [Video]](https://video.newsserve.net/300/v/20240326/1370911824-Chick-fil-Will-Start-Serving-Chicken-Treated.jpg)
![6 Tips for First-Time Investors [Video]](https://video.newsserve.net/300/v/20240417/1372912742-Tips-for-First-Time-Investors.jpg)
![Biz Pulse: Gold Shines Bright Amid Growing Global Turmoil, The Reasons| Oneindia News [Video]](https://video.newsserve.net/300/v/20240416/1372818996-Biz-Pulse-Gold-Shines-Bright-Amid-Growing-Global.jpg)
![Data Shows US Wages Falling at a 'Striking' Pace [Video]](https://video.newsserve.net/300/v/20240319/1369527240-Data-Shows-US-Wages-Falling-at-Striking.jpg)
