JPMorgan posts record annual profits
Citigroup, Wells Fargo and Goldman Sachs also issued strong results
- By: Matt Ott, The Associated Press
- January 15, 2025 January 15, 2025
- 12:20
Citigroup, Wells Fargo and Goldman Sachs also issued strong results
GDP contracted by 0.2% last year
Inflation eased to 2.5% in December, down from 2.6% the previous month
Production of aerospace products and parts increased 9.3% to $2.8 billion
The consumer price index rose 2.9% from a year earlier, but core inflation eased slightly
Capital spending declined by 16% in the last decade, according to CFIB
Wider adoption, more standardization needed for company plans to be useful for financial regulation
Global dealmaking revives in 2024, but remains weaker than recent years
Regulator settles with 12 firms for a combined US$63.1 million
Firms pay US$45 million to settle trade reporting, recordkeeping violations
Research finds that active funds underperformed between 2019 and 2023
Compared to a year earlier, producer prices rose 3.3%, the biggest jump since February 2023
Economist debunks Trump claim that the U.S. 'subsidizes' Canada
Futures prices show investors expect the oil supply shock will resolve
MSCI to reclassify Greece indexes in May 2027
Move likely clears the way for Trump pick, Kevin Warsh
FCA leads week of action against illegal finfluencing activity
Soldier accused of betting on plans to capture Venezuelan leader
FCAC, OSC execs discuss consumer outcomes amid a concentrated market, innovation
Plus, other software updates and a partnership
It also wants to increase labour productivity by 3.3%
Interest rate on overdue tax will remain 7% in Q3
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
New leadership position brings better accountability for back-office workflows
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales