J.P. Morgan Chase posted profit and revenue that smashed through analysts’ expectations on a strong rebound in trading revenue at the end of 2019. The bank said Tuesday that fourth-quarter profit rose 21% to $8.52 billion, or $2.57 a share, compared with the $2.35 estimate of analysts surveyed by Refinitiv. Managed revenue climbed 9% to
Home to tech behemoths like Amazon, Facebook and Google, one would think that the United States would have a mobile payments ecosystem that’s both advanced and convenient. Instead, the U.S. struggles to keep pace with countries like China and the U.K. For example, while more than 80% of Chinese consumers used mobile payments last year,
Lionel Messi and Ousmane Dembele of FC Barcelona during a match against Sevilla on February 23, 2019 Eric Verhoeven | Soccrates | Getty Images Spanish soccer giant FC Barcelona generated a record revenue of $959.3 million between 2018 and 2019, making it the sport’s biggest cash-generating club for the first time ever, according to a
BlackRock CEO Larry Fink‘s warning about risks from climate change on investments makes a company like electric auto maker Tesla quite attractive, CNBC’s Jim Cramer said Tuesday. Fink — whose company is the biggest money manager in the world with nearly $7 trillion in client assets — used his annual letter to CEOs to sound
It’s becoming a common scenario: You’re creeping closer to your 65th birthday, which means you’ll be eligible for Medicare, yet you already have health insurance through work. Sound familiar? If so, you might have options. While workers at businesses with fewer than 20 employees generally must sign up for Medicare at age 65, people working
Esther Meyers, right, shows a photograph of her then–teenage mother Rachel Kane to her to jog her … [+] memory as her twin sister Sarah Schultz looks on.(Photo by Brian VanderBrug/Los Angeles Times via Getty Images) Los Angeles Times via Getty Images Family members and friends are the bedrock of our system of personal care
Economic Security Planning, Inc. Today’s column addresses questions about limits a family could receive, whether working longer can increase benefit amounts, whether delaying till 70 is still worth it, whether filing at 62 might be better and filing for survivor benefits while still working. Larry Kotlikoff is a Professor of Economics at Boston University and
The 4 UBER sectors (Utilities, Basic Materials, Energy and REITs) are worth a look for long-term investors The S&P 500 Index has become synonymous with “the stock market.” As I have explained in this space over the past few years, that over-simplification is perhaps the biggest potential danger to a generation of retirees and pre-retirees.
Robert De Niro, Al Pacino and Ray Romano star in Martin Scorsese’s “The Irishman.” Netflix For the first time in Academy Award history, the studio with the most nominations is a streaming service. On Monday, Netflix nabbed 24 nominations for the big awards ceremony, more than any other media company in the industry this year.
The Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. Jabin Botsford | The Washington Post | Getty Images Swiss wealth giant UBS has predicted that the U.S. Federal Reserve could lower interest rates three times in 2020 — a forecast that differs widely from many other projections calling for no change or just one