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JPMorgan, Citigroup and Wells Fargo Report Better-than-Expected Profits

July 14, 2023 / no comments

Three of the biggest banks in the United States made a cumulative $22.3 billion in profit last quarter, a hefty jump from the same period last year.

Strike Prevents Actors From Promoting Films at Premieres or Festivals

July 14, 2023 / no comments

While on strike, actors are barred from publicizing any studio projects they’ve appeared in. Their absence could affect movie theaters and the festival circuit.

Binance Lays Off Over 1,000 Employees

July 14, 2023 / no comments

The crypto exchange is cutting a big chunk of its workforce as it grapples with federal investigations and regulatory crackdowns in the U.S. and abroad.

Zuckerberg Channeled ‘OG Mark’ to Fast-Track Effort That Became Threads

July 14, 2023 / no comments

The launch of Threads was the culmination of a secretive, monthslong effort aimed at rewriting the narrative about Meta Platforms and Mark Zuckerberg’s leadership of Meta Platforms.

United Auto Workers Open Contract Talks in Detroit

July 14, 2023 / no comments

The U.A.W., with a more confrontational leader, aims to win back wage and benefit concessions and insulate jobs from the rise of electric vehicles.

Biden Cancels $39 Billion in Student Loans for 800,000 Borrowers

July 14, 2023 / no comments

One-time credits will wipe out loans, fixing mistakes made by loan servicers when collecting payments under income-driven repayment programs.

Bond King, Felon, Billionaire Philanthropist: The Nine Lives of Michael Milken

July 14, 2023 / no comments

The former financier is putting $500 million into the Milken Center for Advancing the American Dream

Americans Are Borrowing Again, Which Is Great News for Big Lenders

July 14, 2023 / no comments

A returning appetite for debt among consumers is making life a lot easier for big banks such as JPMorgan Chase.

JPMorgan’s Profit Jumps, but Interest Rates Remain a Threat

July 14, 2023 / no comments

It was another quarter of banner financial results for the largest lender in America.

UnitedHealth Lifts Earnings Outlook

July 14, 2023 / no comments

Healthcare and insurance company UnitedHealth Group said its revenue grew 16% to $92.9 billion in the latest quarter.

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