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JPMorgan Chase & Co's M & A business recorded the best performance in the last quarter, but the loan department grew slowly.
JPMorgan Chase & Co's M & A trading division posted its best quarterly performance in history, but JPMorgan Chase & Co's shares fell as consumer and business loan growth continued to face challenges. Revenue from trading advisory services almost tripled in the third quarter, beating analysts' expectations and pushing JPMorgan Chase & Co's net profit to $11.7 billion. "despite the impact of the epidemic and supply chain disruptions, the economy continued to grow steadily and JPMorgan Chase & Co achieved strong performance," Chief Executive Jamie Dimon said in a statement on Wednesday. Driven by the "surge in M & An activity and the strong performance of IPO", investment banking
Rolls-Royce launches its first electric car. The founder's prediction came true 120 years ago.
Rolls-Royce on Thursday unveiled its first all-electric car, the Spectre, which will be road tested in December and delivered to customers for the first time in 2023. According to reports, this pure electric Rolls-Royce will conduct a road test around the world, with a cumulative mileage expected to reach 2.5 million km. The all-electric car will be the beginning of Rolls-Royce's full electrification, which Rolls-Royce CEO Toaston Muller says will be fully electrified by 2030. This is a milestone in the history of Rolls-Royce, and incredibly, one of the founders of the brand
Apple Inc and Amazon.Com Inc "banned" Parler
Apple Inc and Amazon.Com Inc suspended their cooperation with Parler in App Store and web hosting services. They said the social media did not do enough to prevent the spread of posts inciting violence. The move by Apple Inc and Amazon.Com Inc follows a similar move by Alphabet Inc-CL C on Friday. Parler is favored by many Trump supporters. Trump was permanently suspended from Twitter on Friday, and Parler is seen as a safe haven for those who have been expelled from Twitter. "We have suspended Parler's access to the app store unless they resolve these," Apple Inc said in a statement on Saturday.
The Senate meets on Saturday to discuss Barrett's nomination, which will be confirmed on Monday.
The procedural vote will be held on Sunday and the final confirmation will be held on Monday. On Saturday afternoon EDT, the Senate will meet in a rare session to debate Justice Amy Coney Barrett's entry to the Supreme Court. In a few days, voters will decide whether Republicans will continue to control the Senate and the White House. Democrats strongly opposed the confirmation of Barrett's appointment so close to the election, boycotting the Judiciary Committee's vote on Thursday. Senator Chuck Schumer (Chuck Schumer), Democrat of New York, adopted four kinds of procrastination wars at the Senate meeting on Friday.
11.1% of US federal student loans defaulted on the expansion of income-based repayment.
It is reported that of the $450 billion in student loans, 1/4 of student loans are being repaid through income-based repayment plans. In a popular federal student loan program, 1/4 of student loans are being repaid through looser repayment plans to help borrowers avoid default, according to Morningstar DBRS. With the support of the US government, income-based repayment plans accounted for 24.7% of the $452 billion in student loans in the fourth quarter of 2019, up from last year, Morningstar DBRS said in a report released on Friday.
Gold prices rise to their highest level since 2013 affected by geopolitical tensions
The price of gold rose to its highest level in more than six years as rising tensions in the Middle East triggered geopolitical uncertainty and demand for safe-haven assets. At one point, spot gold rose 2.3 per cent to $1588.13 an ounce, the highest level since April 2013. The price of gold rose by 18% in 2019.
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