“Even now because the United States is by far the strongest financial energy on the planet, it isn’t even shut. … We’re compelled to compete with nations which might be getting destructive charges, one thing very new,” Trump stated in his deal with on the World Economic Forum in Davos, Switzerland. “Meaning, they receives a […]
Tag: Banks
‘We have it totally under control’
“We have it completely beneath management,” Trump informed “Squawk Box” co-host Joe Kernen in an interview from the World Economic Forum in Davos, Switzerland. “It’s one individual coming in from China. We have it beneath management. It’s going to be simply advantageous.” The CDC on Tuesday mentioned a Snohomish County, Washington state, resident who […]
Meet the climate activists camping in the cold at Davos
DAVOS, Switzerland — Youth local weather delegates from all over the world are collaborating in a “collaborative protest” towards the wealthy and highly effective by tenting in subzero temperatures on the World Economic Forum. The annual January get-together — which is commonly criticized for being out of contact with the actual world — is […]
Davos prepares for climate crisis showdown
President Donald Trump and Swedish local weather activist Greta Thunberg will each attend the World Economic Forum (WEF) this week, stirring up a heightened sense of intrigue within the Swiss Alpine city of Davos. The 50th version of the annual January get-together — which attracts policymakers and enterprise leaders from all over the […]
Morgan Stanley Earnings Q4 2019
James Gorman David A. Grogan | CNBC Morgan Stanley is set to report fourth-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: 99 cents a share, 24% higher than a year earlier, according to Refinitiv Revenue: $9.72 billion, 14% higher than a year earlier Wealth management: $4.39 billion, according to […]
Goldman Sachs dumped its entire stake in Uber late last year
Uber CEO Dara Khosrowshahi Patrick T. Fallon | Bloomberg | Getty Images Goldman Sachs sold its entire stake in ride-hailing giant Uber in the fourth quarter, according to a person with direct knowledge of the move. The sale, which likely resulted in a large gain for the early investor in Uber, helped the bank beat […]
Bank of America (BAC) earnings Q4 2019
The financial institution posted fourth-quarter revenue of $7 billion, a 4% decline from a 12 months earlier, or 74 cents a share, which was an surprising 6% improve helped by a discount in excellent shares. That determine exceeded the 68 cent estimate of analysts surveyed by Refinitiv. Revenue fell 1% to $22.5 billion, edging out […]
JP Morgan Chase (JPM) earnings Q4 2019
Jamie Dimon, CEO of JP Morgan Chase, speaking at the 2019 WEF in Davos, Switzerland on Jan. 23rd, 2019. Adam Galica | CNBC J.P. Morgan Chase posted profit that exceeded analysts’ expectations on a surge in fourth-quarter trading revenue. is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings: $2.35 […]
JP Morgan kicks off bank earnings, but all eyes on guidance
Pedestrians pass in front of a JPMorgan Chase & Co. bank branch in New York. Eric Thayer | Bloomberg | Getty Images Big U.S. banks J.P. Morgan Chase, Bank of America and Citigroup will benefit from a rebound in trading revenue in the fourth quarter, but that might matter less than what executives say about […]
Goldman Sachs launches Marcus mobile app
A woman looks at Marcus, a new savings and loans app recently launched by Goldman Sachs in New York, January 10, 2020. Mike Segar | Reuters When Goldman Sachs released a long-awaited app for customers of its Marcus consumer bank last week, it did so with little fanfare or hype. Unlike the intense attention on […]
