CEO of Chase Jamie Dimon looks on as he attends the seventh “Choose France Summit”, aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Lucovic Marin | Getty ImagesJPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday.Here’s what Wall Street expects:Earnings: $4.01 a share, according to LSEGRevenue: $41.63 billion, according to LSEGNet interest income: $22.73 billion, according to StreetAccountTrading Revenue: Fixed income of $4.38 billion, Equities of $2.41 billion, according to StreetAccountJPMorgan will be watched closely for clues on how banks are faring at the start…
Author: usaeverydaylife
China’s Ministry of Finance, pictured here in Beijing in 2021, is refunding taxes and cutting fees to support economic growth.Yan Cong | Bloomberg | Getty ImagesInvestors are on tenterhooks as Beijing prepares to deliver fresh policies over the weekend that could jumpstart its economy.China’s Finance Minister Lan Fo’an is set to hold a press conference at 10 a.m. on Saturday local time on “intensifying” fiscal stimulus policies, the country’s State Council Information Office said.With Beijing at risk of missing its full year economic growth target of 5%, some analysts are confident that authorities are ready to deliver major fiscal stimulus…
France’s government presented on Thursday its 2025 budget aimed at plugging a gaping hole in the public finances with 60 billion euros ($65.68 billion) worth of tax hikes and spending cuts.The following are the main measures:SPENDING CUTSThe French government will cut 2,200 jobs. The headcount for teachers, in particular, will drop, along with the expected drop in the number of pupils, government officials said.France will cut its foreign aid budget by 1.3 billion euros.Subsidies for apprentices and other jobs will be cut by 2.1 billion euros.Green subsidies, in particular those for insulation and the purchase of electric cars, will be cut by…
Stellantis CEO Carlos Tavares (C) answers journalists’ questions after attending a visit of the production line of the new Peugeot e-3008 and e-5008 electric car at the Stellantis car factory in Sochaux, eastern France on October 3, 2024. Frederick Florin | AFP | Getty ImagesChrysler parent Stellantis confirmed on Thursday that CEO Carlos Tavares would retire at the end of his contract in early 2026 and the search for his successor was under way, as the company struggles to turn around its North American operations.Earnings and sales in the French-Italian automaker’s traditional profit powerhouse have been declining, forcing it to last week cut its 2024 profit forecast, and signal possible reductions to its dividend and share buybacks next…
Anthony Tan is the co-founder and CEO of Grab.Courtesy ofFrom the outside, it looks like Anthony Tan’s got it all — the family, the wealthy upbringing and the success.Today, he is the head honcho of one of Southeast Asia’s biggest tech companies, Grab — but he’ll be the first to say that the journey has not been easy.”Honestly, maybe it was — ignorance is bliss, and if I knew it was gonna be so hard, I’m not sure if I would’ve done it,” he said.”But is it extremely rewarding? Look, I got the longer end of the stick, so yes…
Pedestrians crossing a road in front of the Bank of Korea headquarters in Seoul on July 13, 2022. South Korean economic growth unexpectedly picked up in the second quarter as strong consumption on eased Covid-19 restrictions offset poor exports, supporting the case for further central bank interest rate hikes.Jung Yeon-je | Afp | Getty ImagesSouth Korea’s central bank has cut its benchmark interest rate by 25 basis points to 3.25%, the first rate cut from the BOK since the Federal Reserve started tightening its monetary policy in March 2022.This was in line with a poll of economists from Reuters, who…
Phil Spencer, CEO of Microsoft Gaming, speaks at the Gamescom conference in Cologne, Germany, on Aug. 23, 2023.Franziska Krug | German Select | Getty ImagesMicrosoft will allow people to buy and play video games through its Xbox app for Android starting in November, the company said on Thursday.The move is an immediate consequence of a U.S. judge ruling on Monday that Google will have to present alternatives to its Google Play app store on Android devices.In the jury trial, Google lost against Epic Games, which publishes the popular Fortnite. Google said it intends to appeal and request a delay in…
NEW YORK — Every October legend needs a legendary October moment. For Francisco Lindor, this was that moment.It’s amazing to try to comprehend what one swing of the bat can do — the stories it can write, the memories it can make, the reputations it can seal. But we saw all of that happen Wednesday night at Citi Field.We saw Lindor send a baseball floating through the Queens sky. And when it came down, nothing would be the same.There would be no NLDS Game 5 on Friday in Philadelphia, because Lindor’s grandstand-rattling sixth-inning grand slam was going to finish off…
A worker arranges peaches at a fruit stand in the Pike Place Market in Seattle, Washington, US, on Thursday, July 4, 2024. SeongJoon Cho | Bloomberg | Getty ImagesThis report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here.What you need to know todayHigher-than-expected inflationThe U.S. consumer price index rose 0.2% for September, putting the annual inflation rate at 2.4% according to the Labor Department. Both figures are 0.1 percentage point higher than the…
Yellow caution tape. Inspiredesigns | Istock | Getty ImagesOne person was dead and 12 others were trapped 1,000 feet (300 meters) underground on Thursday following an elevator failure at a former Colorado gold mine that is now a tourist attraction, officials said.Another 11 people were rescued from the Mollie Kathleen Gold Mine attraction in Cripple Creek, Colorado, Teller County Sheriff Jason Mikesell told reporters.Emergency responders were attempting to repair the elevator to bring back the 11 tourists and one tour guide who were trapped starting around midday (1800 GMT), Mikesell said.With one tour group below ground, the elevator experienced some type of mechanical failure with another group aboard while it was about halfway down the mine shaft. This resulted in one fatality while four other people suffered minor injuries, Mikesell said without providing details of how the person died.That…
