JPMorgan Bank lays off 500 employees

2023-05-27 18:10:00 agencies Saturday, May 27, 2023 09:10 PM Bank intends JPMorgan Techs & Co The American company laid off about 500 employees this week, according to media reports. The layoffs will affect several sectors of the bank, including retail, commercial banking and asset management, as well as technology. JPMorgan is the largest bank in … Read more

“US Retail Sales Fall 1% – Analysis and Insights on Wall Street’s Reaction”

2023-04-14 20:51:35 New York Weak retail sales in the US pushed Wall Street into the red on Friday despite strong balance sheets from major US banks. The Dow Jones lost 0.4 percent to 33,886 points. The tech-heavy Nasdaq was also down 0.4 percent to 12,123 and the broader S&P 500 was down 0.2 percent to … Read more

Dow Jones, S&P 500, Nasdaq: US retail sales slow Wall Street

New York Weak retail sales in the US pushed Wall Street into the red despite strong balance sheets from major US banks. The Dow Jones index of standard values ​​was 0.5 percent weaker at 33,847 points on Friday. The broader S&P 500 lost 0.3 percent to 4132 points. The Nasdaq technology exchange index fell 0.4 … Read more

[백브리핑AI] Kakao Pay promotes acquisition of Loca Mobility…”For the purpose of expanding business areas”

[인포스탁데일리=김영택 기자] Kakao Pay, a simple payment company, is considering acquiring Loca Mobility, the second-largest transportation card company in Korea. Kakao Pay plans to expand its business area through the acquisition of Loca Mobility, a subsidiary of Lotte Card. In particular, synergy with Kakao Mobility, the No. 1 mobility platform in Korea, is expected to … Read more

Despite bankruptcy, Sam Bankman-Fried is looking for new investors

Sam Bankman-Fried The co-founder and CEO of the crypto exchange FTX is threatened with investigations by the public prosecutor. (Foto: Bloomberg/Getty Images) New York It would be a desperate maneuver: According to US media reports, the founder of the failed cryptocurrency exchange FTX, Sam Bankman-Fried, still believes he can raise enough money to compensate his users. … Read more

Powell must make clear announcements in Jackson Hole

Jerome Powell The Fed chair will deliver a well-received speech in Jackson Hole on Friday. (Foto: Bloomberg) New York, Frankfurt Rarely have the expectations of the leading monetary politicians been as high as this year. At the weekend, central bankers and economists from all over the world meet in Jackson Hole, high up in the mountains … Read more