Bank earnings signal dark clouds on the horizon
CNN
Wall Street's biggest players have had a rough start to the year.
All of the biggest US banks saw profits take a hit in the first three months of 2022, ending a pandemic-era boom.
Citi, Goldman Sachs, Morgan Stanley and Wells Fargo all announced large year-over-year profit declines in their first-quarter earnings reports Thursday, joining JPMorgan Chase, which announced on Wednesday that its first-quarter profit fell 42%.
Donald Trump is considering a right-wing media personality and people who have served on his US Secret Service detail to run the agency that has been plagued by its failure to preempt two alleged assassination attempts on Trump this summer, sources familiar with the president-elect’s thinking tell CNN.
President-elect Donald Trump’s new Department of Government Efficiency, a nongovernmental entity helmed by billionaire Elon Musk and biotech entrepreneur and former Republican presidential candidate Vivek Ramaswamy, is expected to make a push for an end to remote work across federal agencies as a way to help reduce the federal workforce through attrition.
The Biden administration has approved sending anti-personnel mines to Ukraine for the first time in another major policy shift, according to two US officials. The decision comes just days after the US gave Ukraine permission to fire long-range US missiles at targets in Russia, a shift that only occurred after months of lobbying from Kyiv.