JPMorgan Chase reports record annual profit and expects higher interest income in 2024. Despite a decline in quarterly earnings, the bank remains optimistic about the US economy.
Federal Reserve Chairman Jerome Powell is expected to support President Joe Biden or any other Democratic candidate in the upcoming 2024 election, according to conservative commentator Peter Schiff. The chair's alignment with the President, regardless of party, is seen as crucial for securing their position. This relationship between the Fed and the President could have a significant impact on the financial landscape.
A severe thunderstorm coupled with heavy rainfall in Rajasthan's Tonk district has caused immense destruction, leaving behind 12 casualties and many injuries. US Treasury Secretary Janet Yellen has extended debt default deadline to June 5 due to the events. Relief materials are being provided to the affected people, and medical assistance is also being provided. it is essential for the authorities and relief teams to accurately assess the situation and offer required aid.