Business
US Banks Brace for Tough Times Ahead
US bank earnings are in focus this week, bracing for results from Goldman Sachs Group, and Morgan Stanley after seeing solid earnings from JPMorgan Chase & Co. and Wells Fargo & Co. Su Keenan reports on Bloomberg Television.
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Russia is preparing to escalate attacks on Ukraine after concluding that negotiations for a peace deal have reached a dead end, according to three people close to the Kremlin. Bloomberg’s Anthony Halpin has the details.
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China’s humanoid robot makers now control 97% of global shipments, giving Beijing an early lead over US rivals. But can they become everyday tools?
At the World Robot Conference in Beijing, robots sort boxes, handle laundry and bag clothes, as Allen Wan finds out.
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Citi Wealth CIO Kate Moore joins Bloomberg’s Lisa Abramowicz and Tom Keene from Jackson Hole, Wyoming.
She reacts to Fed Chair Kevin Warsh’s debut Jackson Hole speech.
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Former Trump Senior Economic adviser Stephen Moore is on Bloomberg This Weekend and says inflation remains too high for the Federal Reserve to cut interest rates, breaking with President Donald Trump’s repeated calls for lower borrowing costs and arguing the central bank should hold rates steady for now. Moore also warned hosts Christina Ruffini and Bailey Lipschultz that elevated oil prices and the escalating US Canada trade fight pose risks to the economy and Republicans heading into the midterm elections.
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President Donald Trump signed a directive renaming Lake Ontario as Lake America effective immediately. “Canada has been ripping us off for a long time on trade,” Trump told reporters in the Oval Office when asked what message he was sending to the US’s northern neighbor.
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@wernherrSpaceshipEarth
December 16, 2023 at 3:16 pm
Democracy thrives on participation. Petitions, signature collections and collective actions are nothing new for Americans, for example. to demand regulation of banks. The only thing that is new is that the real economy is now just an appendage of the financial economy. Democracy thrives on participation.
By the way,"Banks create Money out of nothing"
@Brazconj
December 16, 2023 at 3:16 pm
Is the President doing anything about this I haven’t heard him say a word nor has the media asked him ?
@blackmaster999
December 16, 2023 at 3:16 pm
Tough times and lots of SUFFERING ahead for America and Europe which will last FOREVER.
@champstar9669
December 16, 2023 at 3:16 pm
Citi did NOT have blowout earnings. They only grew by +2% when real inflation is more like +20%. JPM on the other hand grew by +35%. That puts Citi's so called "beat" into context. It was more like an EPIC disappointment. Closed red on the day confirming all of this.
@curiousgeorge5992
December 16, 2023 at 3:16 pm
Yeah, they say they're up. Why is that? Because they're denying you getting your s*** out.🙄
@masterstacks2030
December 16, 2023 at 3:16 pm
homestreet and shcwab 💀💀💀
@muhammadmudasser5082
December 16, 2023 at 3:16 pm
All fake
@ya55er4008
December 16, 2023 at 3:16 pm
Market is greener than coriander today. Try another day losers
@shoopddawhooped
December 16, 2023 at 3:16 pm
Jamie Didler is concerned for violence and human casualty of economic 'collateral damage', not so much for the US Economy.
He is turning more political for his presidential aspirations and concern for increased restrictions, hoping to avoid things like penalty for servicing Russia (and likely Iran), new Basel regulations, and Jeff Epstuein bromance on didler island.
@remsee1608
December 16, 2023 at 3:16 pm
God forbid banks hold money in their vaults
@remsee1608
December 16, 2023 at 3:16 pm
Wait they can just write off billions of dollars of bad debt? Do my credit cards
@CosmopolitanFools
December 16, 2023 at 3:16 pm
Funny how these multi-billion dollar banking businesses are subsidized by hard-earned tax-payer dollars. For failing banks, such tax-payer monies are wasted in bailouts . . . & right afterward CEOs & upper-eschelon staff get to give themselves massive raises. More screwing over of the public to no avail. The Demoncrats have overspent & dramatically devalued the U.S. dollar ~ with inevitable financial collapse in the U.S. anyway.
An exercise in waste, a mirror viewed darkly with spotlight on Entropy. Bravo!
@MrTigerStarX
December 16, 2023 at 3:16 pm
The largest banks have record profits from withholding interest from customers and they're laying people off. Classy.
@mikeflanary642
December 16, 2023 at 3:16 pm
LOUD NOISES!
@chefcrypto5358
December 16, 2023 at 3:16 pm
Buy XRP ditch the dollar 🥂
@milosnestorovic1594
December 16, 2023 at 3:16 pm
The Market not much Impact of Bank and Company earnings….
@georgekazanchyan4976
December 16, 2023 at 3:16 pm
Dumb Bloomberg reports and fear monger Jaime Dimon should shut up! The banks are effing fine!! The old broad needs to retire.
@DogMa-lr1be
December 16, 2023 at 3:16 pm
ditch dollar buy gold just not from America
@FaithShortridge
December 16, 2023 at 3:16 pm
THIS IS IT …
LIQUIDATE EVERYTHING
@FaithShortridge
December 16, 2023 at 3:16 pm
SYSTEMIC COLLAPSE
@AD-cy6br
December 16, 2023 at 3:16 pm
buy bitcoin. and pepe