Wall Street is minting money as Main Street struggles with inflation and burnout
CNN
The Main Street and Wall Street gap is widening again. Big banks had a stellar end to 2021 with rates on the rise. Yet many Americans are hurting from surging prices and burnout from the Covid-induced labor shortage.
JPMorgan Chase posted strong results for the fourth quarter Friday, including a $10.4 billion profit that topped forecasts. Still, JPMorgan Chase's earnings were down 14% from the same quarter the previous year as trading revenue fell.
Shares of JPMorgan Chase (JPM) dipped more than 4% in premarket trading on the news.
Lawyers for Sen. Mark Kelly filed a lawsuit Monday seeking to block Secretary of Defense Pete Hegseth’s move to cut Kelly’s retirement pay and reduce his rank in response to Kelly’s urging of US service members to refuse illegal orders. The lawsuit argues punishing Kelly violates the First Amendment and will have a chilling effect on legislative oversight.
Democratic Sen. Elizabeth Warren is calling on her party to “read the room” and begin appealing to a wider swath of the working-class public by keeping a stringent focus on the economy.
Venezuelan opposition leader María Corina Machado, the 2025 Nobel Peace Prize winner, is scheduled to meet with President Donald Trump on Thursday, a senior White House official told CNN.
The jury in the case of former Uvalde police officer Adrian Gonzales is back in a Corpus Christi courtroom as the trial enters its second week.
The Department of Homeland Security on Monday said it would invest $115 million in counter-drone technologies to secure the World Cup and events marking 250 years of American independence.
Democrats are getting the news they’d been hoping for out of Alaska, with former US Rep. Mary Peltola launching a Senate campaign on Monday morning.
When the Supreme Court, led by Justice Neil Gorsuch, ruled in 2020 that federal law protected transgender workers from discrimination, the justices appeared to launch a new era of rights for a historically shunned group.
Cuba’s leader has pushed back on US President Donald Trump’s demand that the Caribbean nation “make a deal” with Washington, as Trump said Havana would be cut off from the Venezuelan oil and money that it’s relied on for decades.
Hundreds of Border Patrol officers are mobilizing to bolster the president’s crackdown on immigration in snowy Minneapolis, Homeland Security Secretary Kristi Noem said Sunday, as tensions between federal law enforcement and local counterparts flare after an ICE-involved shooting last week left a mother of three dead.
A suspect has been arrested after a fire tore through Beth Israel, the only synagogue in Jackson, Mississippi, on Saturday, leaving the congregation forced to rebuild from the ashes — again.
The Smithsonian has taken down details about President Donald Trump’s impeachments from an exhibition at the National Portrait Gallery,
President Donald Trump is weighing a series of potential military options in Iran following deadly protests in the country, two US officials told CNN, as he considers following through on his recent threats to strike the country should they use lethal force against the Iranian people.
Nationwide outcry over the killing of a Minneapolis woman by an Immigration and Customs Enforcement agent spilled into the streets of cities across the US on Saturday, with protesters demanding the removal of federal immigration authorities from their communities and justice for the slain Renee Good.