JPMorgan Q2 results: Bank’s profit beats estimates at $14.2 billion; revenue strong but CEO Jamie Dimon warns of global risks

JPMorgan Chase reported a second-quarter net profit of $14.2 billion on Tuesday, down from $18.3 billion a year ago, but ahead of Wall Street expectations. The bank posted adjusted earnings of $4.96 per share, surpassing analysts’ forecast of $4.48, although lower than the $6.12 per share it earned in Q2 2024.Total managed revenue stood at…

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From big plans to bottlenecks: Refining expansion falters, capacity up just 5%; import dependence grows

India has increased its oil refining capacity by only 5% over the past seven years, falling far short of the 69% growth that had been targeted for 2025. Factors such as uncertainty around future demand due to climate considerations, limited land availability, and disruptions from the COVID-19 pandemic have significantly slowed expansion efforts. This shortfall…

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Trump admin’s healthy push: Ice-cream to go dye-free; plant-based colours to be used instead

In what the Trump administration called a “major announcement”, the US dairy industry has agreed to voluntarily remove synthetic dyes from ice-cream products, a shift officials say could lead to healthier options, especially for children.“This is relevant to my favorite food, which is ice-cream,” said US health secretary Robert F Kennedy Jr. “Since we came…

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Reliance Infrastructure stock rally: Shares of Anil Ambani-led company see 101% returns in 12 months; what’s driving the move?

Reliance Infra stock currently trades near a critical resistance level, with technical experts suggesting potential upside to Rs 500. (AI image) Reliance Infrastructure share price: Anil Ambani-led Reliance Infrastructure’s stock has surged impressively by 101% in the last 12 months, driven by significant debt reduction, a substantial three-level improvement in credit rating, and positive developments…

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