A Wolf In New York City Mayor's Clothing

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...

CBS News Announces Fresh Round Of Layoffs As Bari Weiss Buzzsaw Continues After paying Bari Weiss $150 million for The Free Press and hiring her to run their newsroom, CBS News announced a fresh round of layoffs on Friday which will affect over 60 jobs, or 6% of the news division, according to the NY Times.  Bari Weiss "Certain parts of this newsroom need to get smaller in order for us to make room for the things that we need to build to remain competitive in the future," said Weiss, who entered the scene last October, during...

Federal Review Finds 90% Of Maine's Autism Support Services Lacks Justification Authored by Debra Heine via American Greatness, Centers for Medicare and Medicaid Services (CMS) Administrator Dr. Mehmet Oz revealed Tuesday that federal investigators have found widespread irregularities in Maine’s support services for adults with autism. Speaking Tuesday during a Department of Justice anti-fraud press conference in Philadelphia, Oz said investigators have found that 90 percent of autism services provided by the blue state lacked justification. “Yesterday I was in Maine,” Oz said. “We’re investigating home support services, just like you’re seeing here,...