Police have captured the suspect of the 4th of July parade shooting in Illinois and have him in custody. In the city of Chicago alone, 71 people were shot and 8 killed over the weekend, but the politics are being focused on the 4th of July shooting that took place in Chicago’s affluent suburb where…
Capitol Report (July 5): Major U.S. Cities Marred by Gunfire; Another Rate Hike Coming Soon?
July 5, 2022
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4th of JulyCapitol ReportCCPChicagoChinaEpochTVFireworksgun lawsIllinoisIndependence DayJP MorganshootingtariffsUSUS News
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Capitol Report (July 5): Major US Cities Marred by Gunfire; Another Rate Hike Coming Soon?
July 5, 2022
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4th of JulyCapitol ReportCCPChicagoChinaEpochTVFireworksgun lawsIllinoisIndependence DayJP MorganshootingtariffsUSUS News
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Police have captured the suspect of the 4th of July parade shooting in Illinois and have him in custody. In the city of Chicago alone, 71 people were shot and 8 killed over the weekend, but the politics are being focused on the 4th of July shooting that took place in Chicago’s affluent suburb where…
JP Morgan: Oil Price Could More Than Triple If Russia Decides to Cut Output
Analysts with JP Morgan Chase said the price for a barrel of oil could more than triple if Russia decides to cut its output amid record-high gas prices. The current price for a barrel of oil stands at around $110, but that could increase to a “stratospheric” $380 per barrel if Russia acts to cut…
Chances of US Recession at 85 Percent, S&P Has Fallen 20 Percent From High in 2022: JP Morgan
Analysts at JP Morgan have predicted an 85 percent chance that the United States will enter a period of recession based on the decline in the S&P 500. During the past 11 recessions, the S&P 500 declined by an average of 26 percent. In the current year, the index has fallen 20 percent from its…
Read Why Magnachip Shares Are Trading Higher Today
LX Group collaborated with the Carlyle Group private equity fund manager to propose a takeover offer for Magnachip Semiconductor Corp, a media reported. LX Group recently submitted a letter of intent to acquire Magnachip Semiconductor to JP Morgan in the United States. The industry valued Magnachip at $1.2 billion (1.5 trillion won). Magnachip agreed on a deal with a…
JPMorgan Shareholders Reject Jamie Dimon’s $50 Million Bonus
Jaime Dimon, the CEO of JPMorgan Chase & Co., suffered a rebuke on May 18 after shareholders voted against a controversial $52.6 million one-time retention bonus, after key investors objected to the bank’s compensation plan for its long-serving chief who has been in charge since 2005. This is the first time an executive pay package…
Peloton Headwinds Stiffen as People Break Pandemic Routines
Peloton’s uphill ride to get more sales is getting rougher as more people return to gyms and other pre-pandemic exercise routines and embrace cheaper options. The maker of high-end exercise bikes and treadmills, once highflying in the early days of the pandemic, on Tuesday reported mounting losses and slowing sale. It also offered a bleak…
Big Banks See Higher Net Interest Income as Rates Rise
NEW YORK—Wells Fargo & Co. and JPMorgan Chase & Co. reported a rise in net interest income in the first quarter, as the Federal Reserve’s rate hikes help their bread-and-butter business—taking deposits and lending. The Fed raised rates by a quarter point in March to a 0.25 percent-0.5 percent range, and has flagged another half-point…
It Is Not Wall Street’s Job To ‘Ostracize’ Russia: Goldman Sachs CEO
March 14, 2022
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Business & EconomyCompaniesDavid Solomoneconomic policiesEuropeGoldman SachsJP MorganMarketsNew Sanctions on RussiaRussia-Ukraine WarUSUS NewsWorld
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Despite what’s happening in Ukraine, it was not the responsibility of businesses to engage in politically-motivated exits, according to Goldman Sachs CEO David Solomon, as his bank decided to leave the country following a multitude of international corporations that have forfeited their operations in Russia. The task of deciding a boycott lies with the United…
Federal Reserve Will Raise Interest Rates Nine Times: JP Morgan
February 22, 2022
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Business & Economyeconomic policieseconomyFederal Reserveinflationinterest rate hikeJP MorganUSUS News
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The Federal Reserve is likely to raise interest rates nine times consecutively as policymakers attempt to rein in inflationary pressures, say economists at JP Morgan Chase. The bank expects the Fed to raise interest rates by 25 basis points each of the nine times until March 2023, which would mean a total interest rate hike…
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