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JPMorgan Drops Despite Highest Quarterly Profit In HIstory, As Traders Focus On Negatives
JPMorgan Drops Despite Highest Quarterly Profit In HIstory, As Traders Focus On Negatives
Q2 earnings season is officially off.
Moments ago, JPMorgan became the first mega bank to report Q2 earnings (technically Wells beat it by a few second but nobody really cares about that particular bank), firing the starting pistol on the second quarter earnings season. The Q2 results were solid (Net Interest Income and FICC miss but more than offset by blowout Equity Sales and Trading and Investment Banking revenue) , but as we note in out bank earnings preview...
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More Than Half Of Americans Believe AI Will Do More Harm Than Good: Poll
More Than Half Of Americans Believe AI Will Do More Harm Than Good: Poll
Authored by Mary Prenon via The Epoch Times,
About 55 percent of Americans surveyed in a 2026 Quinnipiac poll said artificial intelligence (AI) will be more harmful than helpful.
The survey, released on March 30, was conducted in collaboration with the Quinnipiac University School of Computing & Engineering and the Quinnipiac University School of Business.
In April 2025, only 44 percent believed AI would do more harm than good in their daily lives.
In the 2026 poll, 21 percent answered...
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May 7, 2026 / Dave DeCamp
Hegseth Calls Inflating the Pentagon Budget by 50% to $1.5 Trillion a ‘Fiscally Responsible Investment’
Secretary of War Pete Hegseth said in a post on X on Thursday that inflating the Pentagon budget by nearly 50% to $1.5 trillion for 2027 was a “fiscally responsible investment” as the Trump administration attempts to justify its record-shattering military budget request. “Thanks to President Trump’s $1.5 trillion defense budget, this War Department has […]
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