JPMorgan Chase reported a second-quarter net profit of $14.2 billion on Tuesday, down from $18.3 billion a year ago, but ahead of Wall Street expectations. The bank posted adjusted earnings of $4.96 per share, surpassing analysts’ forecast of $4.48, although lower than the $6.12 per share it earned in Q2 2024.Total managed revenue stood at…
China’s economy slowed slightly in the last quarter as US President Donald Trump’s trade war intensified, but still managed to expand at a solid 5.2% pace, the government said on Tuesday.On a quarterly basis, the world’s second-largest economy grew by 1.1%, slightly above the 0.9% rise forecast, according to National Bureau of Statistics data cited…
The US economy shrank by 0.5% on an annual basis in the first quarter of 2025, as President Donald Trump’s trade war prompted a rush of imports, disrupting businesses, the commerce department announced on Thursday.This unexpected sharp downgrade from an earlier estimate of a 0.2% decline, reflects the economic fallout from Trump’s trade policies, which…
The government has pegged the full fiscal year GDP growth at 6.5% provisionally. (AI image) India Q4 GDP data: The Indian economy grew at a better-than-expected rate of 7.4% in the fourth quarter of FY 2024-25. The government has pegged the full fiscal year GDP growth at 6.5% provisionally. While the economy has picked up…
Macy’s Inc. reported a decline in first-quarter sales and profit on Wednesday, but still managed to surpass Wall Street expectations. The department store chain, however, revised its full-year profit forecast downward, citing more cautious consumer behaviour and the rising cost impact from US trade tariffs.Sales for the three months ended May 3 dropped to $4.79…
Private sector lender Yes Bankon Saturday reported a 63.3% year-on-year (YoY) increase in standalone net profit to Rs 738 crore for the March quarter. Net interest income (NII) also rose by 5.7% YoY to Rs 2,276.3 crore.Both net profit and NII exceeded Street estimates.During the quarter, the bank’s interest income grew by 2.3% YoY to…
President Trump has said that his aim in imposing tariffs is to force companies to move production back to the United States. If manufacturers make their goods in America, he argues, they won’t have to pay the tariffs. But the latest revenue projections proffered by his administration call into question what Mr. Trump wants to…
NEW DELHI: India’s economy is estimated to slow to a four-year low in 2024-25 due to moderation in manufacturing and sluggish investment, while robust growth in the farm sector is expected to provide some support and help boost rural consumption.The first advance estimates for the current financial year, released by the National Statistics Office (NSO)…