Heard on the Street: They say you have to spend more money to make more money. But in banking, sometimes you don’t really have to do anything at all.
Investors need to stay focused on bank spending that doesn’t scale with revenue, particularly in technology.
’scompensation and benefits as a percentage of net revenues in its institutional securities business fell from 32% in 2020 to 31% last year,the bank reportedon Wednesday.Meanwhile, investors might not be as focused on investment spending, perhaps thinking it is the good kind of cost. But here is where costs might need a closer look. Higher investment spending can be put toward faster growth in the future but, if it only helps to preserve what banks already have as financial-technology rivals encircle them, then it is really just a higher cost of doing business. The same can be true forRead more: The Wall Street Journal »
Tesla cars barred for 2 months in Beidaihe, site of China leadership meet
Tesla cars will be prohibited from entering the Chinese coastal district of Beidaihe, site of a secretive annual summer party leadership conclave, for at least two months starting on July 1, a local traffic police official told Reuters on Monday. Read more >>
Apparently, you’ve never worked at a bank. Regulatory requirements alone could keep all your employees busy. Ridic. for cool ambient rain music and don't forget to subscribe Never had enough money to make money with or I’d have money. If you are a member of the US Congress — you can just get in the stock market and use insider trading...
Harry potter: the 10 most powerful wizards : The 10 most powerful wizards and wizards in the ministry of magic, ranked
BIS Chief: Central Banks Are Best Sources of Trust in Money in a Digital Age'The soul of money belongs neither to a big tech nor to an anonymous ledger. The soul of money is trust. And central banks have been and continue to be the institutions best placed to provide trust,' says BIS_org head Agustín Carstens. By iamsandali BIS_org iamsandali lol BIS_org iamsandali Boomers BIS_org iamsandali 🚀
Violent Crime, Rising Costs Put South Africa’s Mining Industry in a Deep Hole“I’m very angry about what’s happening in South Africa.' Mining executives are expanding operations elsewhere as attacks, unrest and crime rock the industry. For a minute there i thought you talking about yourself (US) رؤساء افريقيا ...it's a process. Gotta get off that blood money doe.
Rising rates may hammer the stock marketA sharp rise in rates in early 2022 is the key reason the stock market is off to an ugly start. And with the Federal Reserve making noise about trying to keep inflation in check, rates could go higher. I’ll keep listening to Marketplace to learn what’s going on. Isn't it obvious by now, as their projections miss month after month and they failed to forecast the Great Recession, that most economists are like bad weatherpeople who only get it right every so often? I mean, how many economic messes have they missed or made worse?
Gas prices rising: Drivers could feel 'real pain' at the pump by springtime, expert warnsThe national average price for a gallon of gasoline in the U.S. increased to $3.31, rising 1.3 cents from a week ago, according to GasBuddy data. This marked the third consecutive week of gains at the pump. Why is American oil refusing to use the Production capacity they already have? To artificially inflate prices and attack the American people. Nationalize oil production to stop this abuse of the market. USA Deaths-------Cases 877,240------68,767,004 from the Trump Virus CA--78,263----7,007,034 TX--77,733-----5,689,167 FL--63,455----5,201,030 NY--62,869----4,699,690 PA--38,655----2,487,925 IL---32,851-----2,682,983 GA--32,030----2,160,549 OH--31,245-----2,418,722
P&G Earnings Top Estimates as Price Hikes Offset Rising Costs, Company Raises 2022 Sales ForecastShares of P&G have climbed 18% in the last 12 months, giving the company a market value of $387 billion. So, 'Inflation Equals Better Earnings for Stockholders Even as Stakeholders Demand Better Wages - Company Believes they can Charge Even More in 2022 forecasting even higher earnings potential' there you go I fixed the headline for you 😉 'We care about our workers so we increased wages!' Translation -- 'we're going to overwork them and f--k the rest of you! 😌'
Rand Paul releases report on rising inflation: 'It's only going to get worse'EXCLUSIVE: Sen. Rand Paul, R-Ky., released a new report Tuesday on the troubling effects of inflation on low and middle-income families as well as small businesses. Inside trader says what. Of course it will. All of us out here know that. USA Deaths-------Cases 877,240------68,767,004 from the Trump Virus CA--78,263----7,007,034 TX--77,733-----5,689,167 FL--63,455----5,201,030 NY--62,869----4,699,690 PA--38,655----2,487,925 IL---32,851-----2,682,983 GA--32,030----2,160,549 OH--31,245-----2,418,722