The amount of time Jamie Dimon, the CEO of JPMorgan Chase & Co, provides the US and global economies before they enter a recession is six to nine months. How can we disbelieve what the CEO of one of the largest banking organizations in the world says? Additionally, recessionary warnings have been issued by the
Daily interactions and corporate transactions are being transformed by digitalization, and global financial services will continue to be impacted by developments in banking technology. The whole banking sector is changing due to millennials and Gen Zers’ growing need for a digital banking experience. Technology has a hand in almost every part of the banking sector,
The safest mutual funds are those that trade overnight. Overnight funds are ideal if you are new to mutual funds and want to test them out before investing heavily. An open-ended debt strategy called Overnight Funds makes investments in debt instruments that mature the next day. This means that as the portfolio’s assets mature each
25th AUG, 2022
Tens of millions of Americans will have up to $20,000 in federal student loan debt forgiven by President Biden, a move that would offer borrowers unprecedented relief but is guaranteed to face legal challenges and political backlash. The president said Wednesday that he will forgive $10,000 in federal student loan debt for borrowers earning less
9th AUG, 2022
Financial markets were concerned about ongoing global cost pressures on Tuesday, which led to a decline in Asian shares. This week, investors will be paying attention to U.S. inflation data and the possibility of further aggressive Federal Reserve rate hikes. The July U.S. consumer price report is coming on Wednesday, and the surprisingly positive U.S.
2nd AUG, 2022
Many Americans are preparing for an economic downturn even as experts disagree on whether the U.S. is about to enter one. According to a survey by Allianz Life Insurance Company of North America, 66 percent of Americans are concerned that a significant recession is just around the corner, up from 48 percent who thought the
14th JULY, 2022
On Thursday morning, the price of stock futures barely changed as traders anticipated the results of the biggest U.S. banks. Futures for the Dow Jones Industrial Average fell 11 points or 0.04 percent. The Nasdaq 100 futures were down 0.13 percent and S&P 500 futures were slightly lower. After June inflation data came in hotter
7th JULY, 2022
Thursday morning traders were analyzing the U.S. Federal Reserve’s June meeting minutes, which indicated the organization’s commitment to fighting inflation, and the bulk of Asia Pacific stocks was higher. Japan’s Nikkei 225 jumped 1.24% by 10:55 PM ET (2:55 AM GMT). South Korea’s KOSPI gained 1.73%. Australia, the ASX 200 rose 0.35%. Hong Kong’s Hang Seng was down 0.49%. China’s Shanghai Composite was
1st JULY, 2022
By approving a ground-breaking set of regulations for the industry, the EU has taken steps to control the “wild west” of cryptocurrency assets. On Thursday, representatives from the European Parliament and EU member states hammered out a deal that includes safeguards against market abuse and manipulation as well as a requirement that cryptocurrency companies provide
22nd JUNE, 2022
The value of bitcoin, which hit a record high of $69,000 in November, has decreased by more than half this year. Early on June 22, major cryptocurrencies were trading down as the market valuation of all cryptocurrencies fell by 0.67 percent to $901.59 billion in the previous 24 hours. However, the total volume of the
9th JUNE, 2022
Major cryptocurrencies were trading in the negative early on June 9, as the global crypto market cap fell 2.65% to $1.23 trillion on the previous day. Over the last 24 hours, the overall crypto market volume increased by 21.76 percent to $67.03 billion. The overall volume in Defi was $7.02 billion, accounting for 10.48 percent
31st MAY, 2022
Company Overview Bank of America is one of the world’s largest financial organizations, providing a full range of banking, investing, asset management, and other financial and risk management products and services to individual customers, small and middle-market enterprises, and large corporations. In the United States, the corporation provides unrivaled convenience to nearly 67 million consumer
