JPMorgan Chase is set to reveal its first-quarter earnings before the markets open on Friday. According to the London Stock Exchange Group (LSEG), analysts expect the banking giant to report earnings of $4.11 per share and revenues of $41.85 billion. Net interest income is predicted to be around $23.18 billion, with trading revenue forecasted at
In a volatile market, investors often seek ways to protect their investments and hedge against potential losses. According to George Milling-Stanley, chief gold strategist at State Street Global Advisors, owning physical gold can provide a level of protection that gold stocks may not offer. When the equity market experiences a downturn, gold mining stocks, being
Struggling to meet both the needs of daily life and unexpected expenses can feel like a never-ending battle. For U.S. vehicle owners, the burden continues to grow as auto insurance costs soar to new heights. The most recent data released revealed that car insurance prices as part of the consumer price index increased by an
Inflation has been a topic of concern among investors lately, especially after a recent batch of data suggested that reigning in consumer prices may take longer than expected. However, amidst this climate of rising prices, there are certain categories of goods and services that are experiencing deflation. This shift in prices, where certain goods are
As banks begin to report their quarterly results, the benefits of scale are becoming more apparent. Larger banks seem to have been able to weather the storm better than their smaller counterparts in the wake of the regional banking crisis of last year. With the revised projections for Federal Reserve interest rates cuts, the picture
As tax season approaches, many taxpayers are focused on filing their taxes by the April 15 deadline. However, it is important to remember another key deadline: the due date for first-quarter estimated tax payments. These payments are typically required for individuals earning income from sources without tax withholdings, such as gig economy work, freelancing, small
The recent release of new government inflation data has unveiled a higher than expected increase in consumer prices. This rise in inflation, measured by the consumer price index (CPI), shows a 3.5% increase from a year ago and a 0.4% increase for the month. The CPI serves as a tool to track average changes in
Vietnamese property tycoon Truong My Lan has been handed a severe sentence for her involvement in a major financial fraud case in Vietnam. She was found guilty of embezzlement, bribery, and violating banking rules related to lending. The court sentenced her to death for the embezzlement charges and 20 years in prison for each of
Buffalo Wild Wings (BWW) recently celebrated the opening of its 100th Go location in New York City, marking a significant milestone in the chain’s evolution. These Go locations are a departure from the traditional sports bar setup, focusing on delivery and takeout orders instead. By offering a more convenient option for customers, BWW is looking
The new banking regulations in Switzerland have created a “lose-lose situation” for UBS, according to Beat Wittmann of Porta Advisors. These regulations, proposed by the Swiss government, aim to tighten the policing of banks deemed “too big to fail” following the emergency rescue of Credit Suisse by UBS. This government-backed takeover was a significant event