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Financial Services, Industries

JP Morgan beats analysts’ profit expectations, aided by income tax boost

July 16, 2019

Via: CNBC

J.P. Morgan Chase posted earnings that exceeded analysts’ expectations, aided by an income tax benefit that boosted results by $768 million. The bank on Tuesday posted second-quarter profit of $9.65 billion, 16% higher than a year earlier, or $2.82 a […]


Education, Industries

An education law’s rotten roots: Where did New York’s ‘substantially equivalent’ standard come from?

July 16, 2019

Via: NY Daily News

Regulation of non-public schools — specifically, Orthodox Jewish schools — by New York City and state is back in the news again amid reports that elite non-Jewish private schools are enlisting parents to press the government to back off. It’s […]


Finance Tech, Liquidity

Good data or not, UBS still expects a half-point rate cut

July 15, 2019

Via: Market Watch

The U.S. may have added 224,000 nonfarm jobs in June, and core inflation may have climbed by the fastest amount in more than a year. Economists at UBS still anticipate a half-point cut from the Fed at the upcoming Federal […]


Industries, Retail & Wholesale

The best Walmart deals in its ‘The Big Save’ summer sale 2019

July 15, 2019

Via: TechRadar

Walmart is trying very hard to rival Amazon in the eCommerce space. The retail giant has fallen a long way behind when it comes to acquiring an online customer base and it’s now making a big play to turn that […]


Financial Services, Industries

Banks should shine among S&P 500 stocks this earnings season

July 12, 2019

Via: Market Watch

Surprise: Analysts expect banks to be one of the brighter areas of the stock market during an overall dismal earnings season. As second-quarter earnings season begins, recent economic news has been good and the Dow Jones Industrial Average DJIA, +0.85% […]


Industries, Retail & Wholesale

Amazon Prime Day is not the only deal in town. Target, Walmart also chime in with sales

July 12, 2019

Via: USA TODAY

Thanks to Amazon Prime Day, mid-July has become a prime time for shoppers to snag deals, whether they’re looking for a laptop to take back to school or aiming to get an early start on their holiday shopping. Yes, holiday […]


Industries, Others

President Trump Withdraws Plan to Eliminate Drug Price Rebates

July 11, 2019

Via: The New York Times

The Trump administration has abandoned a centerpiece of its efforts to address high drug prices, backing away from requiring some discounts to be passed directly to consumers under Medicare that could have lowered their out-of-pocket costs. President Trump had announced […]


Finance Tech, Liquidity

Rate cuts are coming — and markets are ecstatic

July 11, 2019

Via: Business Insider

Stocks climbed on Thursday after Federal Reserve Chair Jerome Powell signaled the central bank would lower interest rates this month, reassuring investors who had feared robust US employment data would take a cut off the table. “A July rate cut […]


Industries, Manufacturing

Tesla shares rise on report that the company is preparing to increase production in California

July 10, 2019

Via: CNBC

Tesla shares rose in premarket trading on Wednesday after a report that the electric automaker will raise output at its factory in California. The company’s automotive president Jerome Guillen said in an email to employees that Tesla is “making preparations” […]


Energy, Industries

Oil heads for fifth straight gain, buoyed by expected drop in U.S. stockpiles

July 10, 2019

Via: Market Watch

Oil prices shot higher Wednesday, working toward a string of five uninterrupted daily gains, as preliminary U.S. data showed a larger-than-expected drop in supply. The price gain was also due to several companies having “evacuated and reduced production at their […]