JPMorgan (JPM) Earnings 2Q 2022

JPMorgan Chase said on Thursday that second-quarter profits slumped as the bank built up $428 million in bad debt reserves and postponed share buybacks. Here’s what the company reported compared to what Wall Street expected, based on a survey of analysts by Refinitiv: Earnings per share: $2.76 vs. $2.88 expected Revenues under management: $31.63 billion … Read more

The Loop: Authorities rush to slow new COVID-19 wave, unemployment falls again and look forward to year’s biggest supermoon

Hello. To be Thursday 14 July, and you’re reading The Loop, a brief summary of today’s news. One thing to know: the unemployment rate has fallen again Australia’s latest employment figures came in today. Here are the main things they showed: Official of Australia unemployment rate fell to 3.5 percent (from 3.9 percent in the … Read more

Yellen says price cap for Russian oil could help tackle inflation

BALI, Indonesia – A cap on Russian oil prices will be crucial to help lower inflation as US consumer inflation soared to a 40-year high of 9.1% this week, US Treasury Secretary Janet Yellen said Thursday. . Before the meeting of the Group of 20 finance ministers and central bank governors in Bali, Yellen said … Read more

The DEI regime | city ​​news

“The most important thing of the American people is business,” President Calvin Coolidge once said. One hundred years later, Americans’ primary activity is increasingly managing racial and sexual politics through the ideology of “diversity, justice, and inclusion.” I have researched the programming of every Fortune 100 company and have confirmed that they have now all … Read more

Canada has raised interest rates by 1 percentage point. Could Australia follow?

The shocking decision by the Bank of Canada (BoC) to raise interest rates by 1 percentage point has taken global markets and Canadian borrowers by surprise and raised expectations that more central banks will follow suit with super-large hikes. Most important points: The Bank of Canada has raised interest rates by a full percentage point, … Read more

With the world in ‘turmoil’, a new ‘Quad’ is taking its place | Business and economic news

New Delhi, India-The first meeting of heads of state and government of India, Israel, the United States and the United Arab Emirates (UAE) – called the West Asian “Quad may see the announcement of a joint venture partnership on renewable energy storage facilities and a other on the establishment of food corridors. Also known as … Read more

EU to forecast lower growth and higher inflation as economic outlook darkens – business live | Company

Key events: Filters (BTA)† Key events †4†United Kingdom †3†Europe †3†Italy †2†London †2†5 stars †1† As rents rise, the UK housing market may be cooling. UK house prices rose at their slowest pace in more than a year last month, according to the Royal Institution of Chartered Surveyors, as buyer demand eased slightly. The RICS’ latest … Read more

Biden’s inexperienced lackeys likely won’t pull the US out of inflation’s slump

You’ve heard the saying, “Wake up, get busted.” Well, that’s exactly what’s happening to America as President Biden prioritizes waking concerns like climate change and gender and racial “equality” over sound economic management. With inflation hitting a chilling all-time high of 9.1%, chances are his unwitting administration has the competence and know-how to pull us … Read more

Asian equities wallow as US inflation data heighten recession fears

HONG KONG, Jul 14 (Reuters) – Asian stocks were stuck at a two-year low on Thursday, after sweltering US inflation data fueled fears the Federal Reserve will raise interest rates even more aggressively, boosting the safe-haven dollar . Underlining how inflationary pressures are also affecting Asia, both the Monetary Authority of Singapore and the Bangko … Read more