![]() “Financial markets move in cycles, however, and profits will subside at some point,” DiNapoli said. The financial industry’s success has been a boon to the state’s economy as it recovers from the COVID-19 pandemic, but as interest rates are expected to rise and coronavirus-related federal stimulus dries up, DiNapoli worries the bull may stop running. Wall Street recorded its strongest first half since 2009, generating a hefty $31 billion in pre-tax earnings in the first six months of the year, the report from Comptroller Tom DiNapoli said. Wall Street profits surged in the first half of 2021 thanks to record low interest rates - but the securities industry is bleeding jobs, which could spell doom for New York’s economy, according to an analysis released Thursday by the state comptroller. ![]() Jamie Dimon ‘regrets’ saying JPMorgan will outlive the Chinese Communist Party ![]() ‘Fearless Girl’ artist says banking giant holding statue hostage Goldman CEO defends DJ’ing habit, admits Barry Manilow a ‘guilty pleasure’Įlon Musk unloads Tesla shares for over $10B ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |