Author: Editor-In-Chief
NEW YORK (AP) – JPMorgan Chase & Co. said Tuesday that fourth-quarter profits rose 9% on an adjusted basis as the bank continues to broadly benefit from the strong economy in both its consumer and investment banking divisions.The bank’s profit was $13.03 billion, or $4.63 per share. The results included a one-time hit of 60 cents per share to results from the stock acquisition by JPMorgan Chase & Co. Apple Card Credit Card Portfolio From Goldman Sachs. That’s because the bank has added $2.2 billion in loan loss reserves to its balance sheet to cover the risk of underwriting Apple…
Toronto — When Nigerians talk about “japa” (Yoruba slang for escape), they are referring to the growing wave of young people seeking opportunities abroad. In Canada, especially Toronto, this movement has fueled a vibrant music scene connecting Lagos, Nigeria, and Toronto. Leading this change are Nigerian-born executives Ikenna Nwagboso and Camilo Dregos. In 2025, they founded Hi-Way 89 Entertainment, a record label that aims to be a corridor between African artists and the North American music industry. Toronto is home to a rapidly growing African diaspora, a multicultural music scene, and a natural gathering place for the creative energy of…
Constitution Hill could set himself up for the Champion Hurdle in a new £40,000 1.5-mile novice contest on February 20 on the flats at Southwell.The former champion has been stalled since falling for the third time in four races on his return in the Fighting Fifth Hurdle at Newcastle in November. Trainer Nicky Henderson wanted to give him confidence-boosting runs on flat ground, but was having trouble finding suitable options. On Monday, Henderson told Sky Sports Racing that “plans are in the works” and suggested changes to the facilities could be on the cards.A new race, part of the Friday…
Brazil’s competition watchdog has ordered WhatsApp to suspend a policy that prohibits third-party AI companies from using its business API to offer chatbots on its app. The agency has also launched an investigation into the company to determine whether the policy is anticompetitive. “The investigation shows the possibility of anti-competitive conduct of an exclusionary nature arising from the application of the new WhatsApp Terms (“WhatsApp Business Solutions Terms”) imposed by Meta to regulate the access and provision of technology to WhatsApp users by providers of artificial intelligence tools,” Conselho Administrativo de Defesa Econômica (CADE) said. CADE said it will investigate…
A trader works at his desk on the floor of the New York Stock Exchange (NYSE) after the opening bell rings on December 3, 2025 in New York. Timothy A. Clary | AFP | Getty ImagesLONDON—European stock markets were mixed on Tuesday as investors continued to weigh geopolitical developments in Iran and the opening of a criminal investigation into U.S. Federal Reserve Chairman Jerome Powell.pan-european Stocks 600 As of 9:38 a.m. London time (4:38 a.m. ET), major regional stock exchanges were flat in mixed territory. Looking at individual stocks, stocks of a Danish offshore wind power generation company Orsted Shares…
US President Donald Trump announced plans to cap credit card interest rates at 10% for one year starting on January 20, the day of his inauguration.Trump, who first proposed such a cap on his campaign, floated the idea in a post on Truth Social last week, saying Americans were being “ripped off” with interest rates as high as 30%.Recommended stories list of 4 itemsend of listPresident Trump returned to the idea Sunday, saying credit card companies are “really abusing the public.””We have a one-year cap of 10%. That’s it. They know it,” Trump told reporters on Air Force One.While there…
Michael Carrick has reached a verbal agreement with Man United to become interim head coach until the end of the season.According to Sky Sports News, negotiations took place late on Monday night and all outstanding issues have been resolved. Gareth Southgate’s former England assistant coach Steve Holland will become Carrick’s number two, while former Boro assistant and Leeds player Jonathan Woodgate, current Under-21 coach Travis Binion and Jonny Evans, who returned to the club during Darren Fletcher’s interim period, will also be part of the backroom team. Meanwhile, Fletcher is expected to return as United’s Under-18 manager.Details of the deal…
U.S. Federal Reserve Chairman Jerome Powell during a press conference after the Federal Open Market Committee (FOMC) on Wednesday, December 10, 2025 in Washington, DC. Bloomberg | Bloomberg | Getty ImagesGlobal central bankers on Tuesday issued a statement defending Federal Reserve Chairman Jerome Powell following the opening of a criminal investigation into the central bank chief. “We stand in full solidarity with the Federal Reserve and Chairman Jerome H. Powell,” central bank leaders, including European Central Bank President Christine Lagarde and Bank of England Governor Andrew Bailey, said in a joint statement. “Central bank independence is fundamental to price, financial…
On Wednesday, October 29, 2025, a television station broadcast remarks by Jerome Powell, Chairman of the Board of the Federal Reserve, speaking after the Federal Open Market Committee (FOMC) meeting in the chamber of the New York Stock Exchange (NYSE) in New York, USA. Michael Nagle | Bloomberg | Getty Images Opposition to the Trump administration’s criminal investigation of Federal Reserve Chairman Jerome Powell is growing. On Sunday evening, Mr. Powell said federal prosecutors were investigating him over his testimony before Congress related to the central bank’s $2.5 billion headquarters renovation project.Powell suggested the survey reflected President Donald Trump’s frustration…
German Chancellor Friedrich Merz (CDU) held a press conference on the occasion of his visit to Bosch. This is the last stop on his India trip.Picture Alliance | Picture Alliance | Getty ImagesGerman Chancellor Friedrich Merz said on Tuesday that Iran’s embattled regime appeared to be at an end as mass protests continued across the country. Speaking to reporters during his visit to India, Mertz reiterated his call on Iranian authorities to stop violence against protesters, adding that he hoped for a peaceful end to the escalating crisis. “If a regime can only maintain power by force, it is effectively…