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Big Data, Cloud & AI top tech themes with most job postings in Q2 2023 Key tech themes with the most job postings in the second quarter (Q2) of this year include Big Data, Cloud and AI, a new report showed on Wednesday. Q2 2023 saw many companies across the globe announcing layoffs amidst a continuous decline in job postings, reveals GlobalData, a leading data and analytics company. Major players like JP Morgan Chase & Co, Walmart, Credit Suisse Group AG and Ford Motor Co were among the companies that have announced job cuts. Despite this, the Retai...
Big Data, Cloud & AI top tech themes with most job postings in Q2 2023
Big Data, Cloud & AI top tech themes with most job postings in Q2 2023
Source: IANS
9/08/2023 4:17:49 PM
Wall Street cashing in on the ultra-wealthy Concerns of a possible global recession are deepening as heightened inflation and interest rates act as a brake on spending, while geopolitical strife adds to a sense of profound economic uncertainty, the media reported. But that's not the case for everyone: The ultra-wealthy are doing just fine, and Wall Street firms are taking advantage of that, CNN reported. In the past 10 weeks, JPMorgan Global Wealth Management opened 40,000 new accounts. Last year, it added around one new c...
Wall Street cashing in on the ultra-wealthy
Wall Street cashing in on the ultra-wealthy
Source: IANS
3/06/2023 11:39:34 AM
'With many positives', India's growth to hold at 5.8% keeping top spot: United Nations The UN said on Tuesday that "with many positives", India's economic growth this year is expected to hold at 5.8 per cent, affirming a series of international organisations' projections that the country will be the fastest-growing major economy. The Midyear Update to the UN's World Economic Situation and Prospects report projected next year's gross domestic Product (GDP) to hold at 6.7 per cent "supported by resilient domestic demand". Speaking at the ...
'With many positives', India's growth to hold at 5.8% keeping top spot: United Nations
'With many positives', India's growth to hold at 5.8% keeping top spot: United Nations
Source: IANS
17/05/2023 9:50:09 AM
Cloud, Big Data & AI sectors continue hiring trend in Q1 2023: Report Amid a continuous decline in job postings, hiring trends remain upbeat in the sectors related to Cloud, Artificial Intelligence (AI), and Big Data, according to a report on Friday. The first quarter (Q1) of 2023 saw many companies including major players like Salesforce, Accenture, and JP Morgan Chase & Co announcing layoffs amidst a continuous decline in job postings. Despite this, sectors such as retail, healthcare, and technology continued to hire actively. Key themes driving hir...
Cloud, Big Data & AI sectors continue hiring trend in Q1 2023: Report
Cloud, Big Data & AI sectors continue hiring trend in Q1 2023: Report
Source: IANS
5/05/2023 2:25:19 PM
US bank shares nosedive US stocks fell steeply on Tuesday as investors grew fearful that the turmoil in the banking sector has not been contained, and ahead of a key policy decision from the Federal Reserve, according to a media report. The Dow fell about 550 points, or 1.6 per cent, by midday Tuesday. The broad-based S&P 500 slid 1.7 per cent and the tech-heavy Nasdaq slipped 1.4 per cent, CNN reported. All three major indexes are on pace to end the week down. Shares of PacWest Bancorp tumbled about 22...
US bank shares nosedive
US bank shares nosedive
Source: IANS
3/05/2023 9:19:48 AM
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB The yen continued its steep descent on Tuesday, reaching a 15-year low to the euro, as the implications of a steadfastly dovish Bank of Japan kept foreign exchange markets busy engaging in so called 'carry-trades'. The Aussie dollar kept near the middle of its recent trading range with the greenback ahead of the Reserve Bank of Australia's (RBA) policy decision at 0430 GMT, with money markets positioned for a second meeting with no change. However, there remains a risk of anoth...
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
Yen sinks to 15-year low vs euro as dovish BOJ contrasts with ECB
Source: Reuters
2/05/2023 9:10:08 AM
Gold retreats as robust US data lifts dollar; focus on Fed  Gold prices edged lower on Monday as the dollar rose after better-than-expected U.S. manufacturing data, while markets await the Federal Reserve's interest rate hike decision this week. Spot gold was down 0.4% at $1,982.20 per ounce by 1:55 p.m. ET (1755 GMT), reversing nearly 1% gains made earlier in the session. U.S. gold futures settled down 0.3% at $1,992.20. U.S. manufacturing pulled off a three-year low in April as new orders improved slightly and employment rebounded...
Gold retreats as robust US data lifts dollar; focus on Fed
Gold retreats as robust US data lifts dollar; focus on Fed
Source: Reuters
2/05/2023 8:56:29 AM
JPMorgan Chase buying most assets of embattled First Republic Bank JPMorgan Chase is buying most assets of First Republic Bank and assuming all of the lenders deposits in a deal announced on Monday that was arranged by the US Federal Deposit Insurance Corporation. JPMorgan said it had acquired "the substantial majority of assets" and assumed the deposits, insured and uninsured, of First Republic Bank from the FDIC, the independent government agency that insures deposits for bank customers, CNN reported. "In carrying out this transaction,...
JPMorgan Chase buying most assets of embattled First Republic Bank
JPMorgan Chase buying most assets of embattled First Republic Bank
Source: IANS
1/05/2023 3:05:23 PM
Tech drags Hong Kong stocks, dollar squeezed as US inflation slows  Asian stocks struggled on Thursday, dragged by selling in Hong Kong tech shares, while the dollar was under pressure and short-dated bonds were firm as softening U.S. inflation seemed to suggest the U.S. rate hike cycle was nearing its end. Early in the Asia day the euro hit a 2-1/2 month top at $1.10. Investors reckon Europe's central bankers will need to stay on the hawkish side for longer than their U.S. counterparts to rein in rising prices. MSCI's broadest index of As...
Tech drags Hong Kong stocks, dollar squeezed as US inflation slows
Tech drags Hong Kong stocks, dollar squeezed as US inflation slows
Source: Reuters
13/04/2023 8:49:02 AM
Central banks in spotlight as US authorities focus on stability, First Republic  U.S. authorities are set to explore ways to bolster financial stability, along with steps to tackle the problems facing First Republic Bank, as central banks consider whether recent banking sector turmoil has reduced the need for interest rate rises. With market volatility easing, Wednesday's Federal Reserve meeting is in focus, with traders split over whether the U.S. central bank will be forced to pause its hiking cycle. The Fed, whose relentless rate hikes to rein in inflat...
Central banks in spotlight as US authorities focus on stability, First Republic
Central banks in spotlight as US authorities focus on stability, First Republic
Source: Reuters
22/03/2023 3:15:43 PM
Asian markets take breather from banking turmoil, capping tumultuous week Asian markets extended a risk rally on Wall Street on Friday to end a tumultuous week that saw a brewing banking crisis send bond yields plunging while market participants sharply lowered expectations of future interest rate hikes in Western economies. Overnight, the European Central Bank (ECB) delivered an inflation-fighting 50 basis point rate hike in line with oft-repeated guidance, with sentiment buttressed by the Swiss National Bank's massive support for Credit Suisse Group AG, wh...
Asian markets take breather from banking turmoil, capping tumultuous week
Asian markets take breather from banking turmoil, capping tumultuous week
Source: Reuters
17/03/2023 8:51:54 AM
IIM Udaipur registers jump in average stipend in summer placements IIM Udaipur registered an average stipend increase of 28.20 per cent in the summer placement of MBA Batch of 2022-24, as a record 319 students secured summer placements. The highest stipend for the batch reached Rs 4 lakh and the average stipend grew by 28.20 per cent to Rs 1.45 lakh. The median stipend for the batch is Rs 1.4 lakh - a significant jump from the previous year. Consulting sector saw a remarkable upswing, in the number of internships increasing by 108 per cent compared to las...
IIM Udaipur registers jump in average stipend in summer placements
IIM Udaipur registers jump in average stipend in summer placements
Source: IANS
10/01/2023 9:18:46 AM
Marketmind: Hat-trick A look at the day ahead in European and global markets from Anshuman Daga While European shares ended lower for the third straight session on Tuesday, spooked by recession worries, another hat-trick dominated the World Cup a few hours later. Three goals by Portugal's 21-year-old Goncalo Ramos against Switzerland in his first World Cup sent his side through to the quarter-finals for the first time in 16 years. And a 3-0 shootout win by Morocco against former champions Spain meant tha...
Marketmind: Hat-trick
Marketmind: Hat-trick
Source: Reuters
7/12/2022 3:41:00 PM
Dollar flat as growth outlook darkens, yuan firms as China eases curbs The dollar was little changed on Wednesday after some of the biggest U.S. banks warned of an impending recession, while China's yuan firmed as authorities loosened some of the country's zero-COVID rules. Top bankers from JPMorgan Chase & Co, Bank of America and Goldman Sachs said overnight that the banks are bracing for a worsening economy next year as inflation and high interest rates cut into consumer demand. The greenback was up 0.32% against the Japanese yen following a ...
Dollar flat as growth outlook darkens, yuan firms as China eases curbs
Dollar flat as growth outlook darkens, yuan firms as China eases curbs
Source: Reuters
7/12/2022 9:11:36 AM
IIT Guwahati receives 168 placement offers on Day 1 Placements for the 2022-23 academic year at the Indian Institute of Technology Guwahati (IITG) began on a strong note on Thursday with a total of 168 offers made by 46 companies, officials said. The institute received two international offers, the highest being of Rs 2.4 crore per annum, besides a highest domestic offer of Rs 1.1 crore per annum. An IITG official said that the 168 offers included job profiles such as software development engineer, core engineer, UX designer, VLSI, vehic...
IIT Guwahati receives 168 placement offers on Day 1
IIT Guwahati receives 168 placement offers on Day 1
Source: IANS
2/12/2022 11:34:17 AM
World shares recover after U.S. jobs report sell-off Global stock markets gained ground on Monday, recovering from losses sparked by a strong U.S. jobs report last week that bolstered the case for sharp interest rate hikes, while the dollar weakened and government bond yields fell. Markets quickly moved on Friday to price about a 70% chance that the U.S. Federal Reserve would raise rates by 75 basis points in September, sending two-year yields up 20 basis points and further inverting the curve. Yet the broad Euro STOXX 600 gained 0.8% in ...
World shares recover after U.S. jobs report sell-off
World shares recover after U.S. jobs report sell-off
Source: Reuters
8/08/2022 8:37:50 AM
JPMorgan profit falls on trading slowdown JPMorgan Chase & Co reported a fall in fourth-quarter earnings on Friday as a weaker performance at its trading arm took the shine off a boom in investment banking. The largest U.S. bank by assets posted a profit of $10.4 billion, or $3.33 per share, in the quarter ended Dec. 31, compared with $12.1 billion, or $3.79 per share, a year earlier. Analysts on average had expected earnings of $3.01 per share, according to Refinitiv.
JPMorgan profit falls on trading slowdown
JPMorgan profit falls on trading slowdown
Source: Reuters
14/01/2022 5:32:52 PM
JPMorgan profit surges on trading, investment banking boost JPMorgan Chase & Co reported a surge in first-quarter earnings on Wednesday, as the largest U.S. bank released more reserves and was aided by a blowout quarter from its trading desks and soaring investment banking fees. JPMorgan, widely seen as a barometer of the health of the broader U.S. economy, was also helped by favorable comparisons to last year when the COVID-19 pandemic forced the bank to build reserves against the risk of a wave of loan defaults. Net income rose to $14.3 bi...
JPMorgan profit surges on trading, investment banking boost
JPMorgan profit surges on trading, investment banking boost
Source: Reuters
14/04/2021 4:51:33 PM
JPMorgan CEO Dimon sees U.S. economic boom through 2023 NEW YORK - JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Wednesday the United States could be in store for an economic boom through 2023 if more adults get vaccinated and federal spending continues. "I have little doubt that with excess savings, new stimulus savings, huge deficit spending, more QE (quantitative easing), a new potential infrastructure bill, a successful vaccine and euphoria around the end of the pandemic, the U.S. economy will likely boom,&qu...
JPMorgan CEO Dimon sees U.S. economic boom through 2023
JPMorgan CEO Dimon sees U.S. economic boom through 2023
Source: Reuters
7/04/2021 4:23:31 PM
JPMorgan expands Black recruitment, job-training program NEW YORK- JPMorgan Chase & Co is expanding a recruitment program to fast-track more Black college students to internships and jobs in the investment bank, commercial bank and asset & wealth management businesses, the company said on Wednesday. The Advancing Black Pathways fellowship is a six-week paid, professional development program that started in JPMorgan's consumer bank as part of efforts to increase workforce diversity. Fellowships for roughly 140 college sophomores an...
JPMorgan expands Black recruitment, job-training program
JPMorgan expands Black recruitment, job-training program
Source: Reuters
17/03/2021 4:15:37 PM
JPMorgan says up to $316bn selling in equites by quarter end US financial services major, JP Morgan (JPM) has predicted massive selling to the tune of $316 billion as investors are trying to balance their portfolios. According to a report in Zero Hedge, this number will likely be lower following last week's sell-off which followed the original JP Morgan analysis, and may be some $40 billion less based on assumptions about forced Norwegian selling, we are still talking about selling in the $100 billion plus range in the days before quarter end. ...
JPMorgan says up to $316bn selling in equites by quarter end
JPMorgan says up to $316bn selling in equites by quarter end
Source: IANS
7/03/2021 4:04:26 PM
JP Morgan's board rejects switch to stakeholder-focused entity BOSTON - JPMorgan Chase & Co CEO Jamie Dimon has led calls for companies to consider the needs of workers, communities and customers as well as those of shareholders. But now it is clear: investors come first. That is how activist investor John Harrington interprets a recent decision by JPMorgan's board - chaired by Dimon - not to convert itself to a "public benefit corporation," a Delaware legal structure gaining attention among would-be financial reformers. J...
JP Morgan's board rejects switch to stakeholder-focused entity
JP Morgan's board rejects switch to stakeholder-focused entity
Source: Reuters
9/02/2021 5:22:24 PM