Last year, JPMorgan Chase (JPM) churned out more profits than it ever has before as it earned $14 billion in the final quarter of 2024. Its full-year profits rose to $58 billion, an all-time record for JPMorgan and the most ever in the history of American banking. Its fourth quarter profits were up 50% from … Read more
Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year. Equities erased their losses for 2025, with the S&P 500 up about 2% in its biggest gain since … Read more
US consumer prices rose in December by less than forecast, a welcome stepdown that helped arrest a deep selloff in bond markets and reinvigorate bets that the Federal Reserve will cut interest rates sooner than previously thought. The so-called core consumer price index — which excludes food and energy costs — increased 0.2% after rising … Read more