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Category: Capital


Capital, Finance Tech

A fifth of Americans say they have zero savings

March 14, 2019

Via: Business Insider

About a fifth of Americans have no money tucked away for unexpected costs. About 21% of working Americans said they aren’t saving any money at all, Bankrate found in a survey. Among those who are saving, a majority are putting […]


Capital, Finance Tech

Record Earnings, Good Economy—So Why Are the Big Banks Cutting Back?

February 13, 2019

Via: Fortune

Last month, Wall Street’s major banks celebrated robust quarterly earnings virtually across the board. Even before Morgan Stanley disclosed comparatively disappointing numbers, the likes of Goldman Sachs, JP Morgan Chase, Citigroup, Bank of America, and Wells Fargo combined to report […]


Capital, Finance Tech

No One Has Made More Money During Trump’s Presidency Than Jeff Bezos

February 5, 2019

Via: Fortune

Two years into Donald Trump’s presidency, the man who has profited most from the era is his foremost nemesis in the business world, Amazon.com Inc. founder Jeff Bezos. Trump has repeatedly vilified Bezos, threatening his company with tax increases, antitrust […]


Capital, Finance Tech, Trading

Bank of America shares rise more than 3% after posting record earnings

January 16, 2019

Via: CNBC

Bank of America reported better-than-expected profit and revenue for the fourth quarter on Wednesday, driven by a strong performance from its consumer-banking business and lower taxes. The results sent the bank’s shares up more than 3 percent in the premarket. […]


Capital, Finance Tech

JPMorgan Earnings Fall Shy of Estimates for First Time in Four Years

January 15, 2019

Via: TheStreet

JPMorgan Chase & Co. (JPM – Get Report) , the largest U.S. bank, missed analysts’ profit estimates for the first time in four years, as trading revenue fell short of expectations and costs rose for loan-loss reserves. Net income rose […]


Capital, Finance Tech

Citigroup Beats Fourth-Quarter Profit Estimates After Slashing Costs

January 14, 2019

Via: TheStreet

Citigroup Inc. (C – Get Report) , the third-biggest U.S. bank, posted a fourth-quarter profit that beat analysts’ estimates, with CEO Michael Corbat cutting costs as revenue slid. Net income was $4.3 billion, the New York-based bank said Monday in […]


Capital, Finance Tech, News

Trump Could Divert Billions of Dollars Intended for Disaster Relief to Pay for Border Wall

January 11, 2019

Via: Fortune

On Saturday, the current government shutdown will become the longest in U.S. history. And with no negotiated end to it in sight, President Trump is reportedly considering alternative methods to secure funding for his border wall — including taking money […]


Capital, Finance Tech

There’s a simple reason people aren’t buying iPhones like they used to (AAPL)

December 6, 2018

Via: Business Insider

Apple shares have taken a beating of late, and a growing roster of Wall Street analysts say a slowdown in its iPhone cycle is to blame. But the reason for the slowdown may be more straightforward than investors think, according […]


Capital, Finance Tech

JP Morgan Chase third-quarter earnings top Wall Street estimates

October 12, 2018

Via: CNBC

J. P. Morgan Chase topped analysts’ expectations for third quarter earnings as better-than-expected retail banking results offset weakness in bond trading. The bank beat expectations for earnings and revenue: J.P. Morgan reported revenue of $27.8 billion, versus the $27.5 billion […]


Capital, Finance Tech

Alibaba revenue soars 61%, topping the FAANG + BAT group

August 23, 2018

Via: Business Insider

Alibaba reported strong first-quarter revenue growth on Thursday morning as its core e-commerce and fast-growing cloud-computing segments provided a boost. The Chinese e-ecommerce giant said revenue soared 61% year-over-year to 80.9 billion yuan, or about $11.8 billion, edging out the […]