Bank earnings are good. Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much. And I’m not sure I’d call JPM “good” as $5.2Bn of the quarter’s $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults.
Happy Thursday! As more and more of you share that you’re heading off on warm-weather adventures soon, I thought I’d write a post about the importance of breaking in new shoes because I think we can all agree that there is nothing worse than wearing a pair of new shoes on your first day of
Happy Tuesday! Playing major catch-up today as we got home from Florida yesterday afternoon. Why is the day after you get home from vacation always so crazy? 🤯 Today’s post is a fun one to peruse now and save for the future — baby names! This has always been a popular request, so I hope
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The ruling Chinese Communist Party (CCP) on Friday promised a slew of measures to help the country’s COVID-battered economy. The CCP’s Politburo met on Friday to discuss economic growth, which is targeted to reach 5.5 percent this year, an unlikely target in the absence of further stimulus given the supply-chain havoc caused by the pandemic and risks linked to
Bank earnings are good. Well, Goldman Sachs (GS) and JP Morgan (JPM) are good, Wells Farge (WFC) – not so much. And I’m not sure I’d call JPM “good” as $5.2Bn of the quarter’s $14.3Bn in profit came from the release of loan reserves that were set aside last year to cover anticipated loan defaults.
Happy Thursday! As more and more of you share that you’re heading off on warm-weather adventures soon, I thought I’d write a post about the importance of breaking in new shoes because I think we can all agree that there is nothing worse than wearing a pair of new shoes on your first day of
Happy Tuesday! Playing major catch-up today as we got home from Florida yesterday afternoon. Why is the day after you get home from vacation always so crazy? 🤯 Today’s post is a fun one to peruse now and save for the future — baby names! This has always been a popular request, so I hope
“They meant to be much further along in the total encirclement,” said the official who asked for anonymity in order to candidly discuss operations. Now they are “nowhere close to linking north with south.” Russian forces are wary of repeating their mistakes trying to take Kyiv, where ground forces advanced too far ahead of their
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