David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, on January 23, 2020. Adam Galacia | CNBC Goldman Sachs reported windfall earnings for the second quarter as the company’s focus on trade and investment banking paid off during the market turmoil caused by the coronavirus …
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Stock futures rose higher in overnight trading Tuesday after Moderna said its coronavirus vaccine produced antibodies in all patients in an early trial, raising hopes for a more economic recovery. fast. Futures in the Dow Jones Industrial Average rose 300 points, pointing to a gain of 270 points in the …
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Dallas Federal Reserve President Robert Kaplan said that economic growth in the United States will accelerate next year as the country recovers from the coronavirus crisis. “In ’21, we will see above-trend growth, and we will continue to reduce the unemployment rate,” Kaplan said on CNBC’s “Closing Bell” on Tuesday. …
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Jamie Dimon, CEO of JPMorgan Chase & Co. Marlene Awaad | Bloomberg | fake pictures JPMorgan Chase managed to shake off the most quarterly revenue in its history at the same time that the US economy is in the midst of a sharp recession. The bank posted $ 33.8 billion …
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Charles Scharf Michael Nagle | Bloomberg | fake pictures Wells Fargo released its first quarterly loss since the financial crisis on Tuesday, as the bank set aside $ 8.4 billion in reserves for credit losses linked to the coronavirus pandemic. The bank had a net loss of $ 2.4 billion …
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