JPMorgan’s $3.1 billion credit loss provision signals economic trouble, 62% increase from Q1.

https://twitter.com/1CoastalJournal/status/1811757149430640912 https://twitter.com/17296Jay18416/status/1811729236350111902 📈 Earnings Alert $JPM – JPMorgan 2Q Provision for Credit Losses Misses Estimates:∙ Provision for credit losses $3.05b, est $2.83b ∙ Adj revenue $50.99b ∙ Return on equity 23%, est 17.4%https://t.co/ZPPGNUWwcQ pic.twitter.com/vL1LqMwA2c — Smartkarma (@smartkarma) July 12, 2024 …

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Estonia’s Defense Chancellor Kusti Salm resigns, citing government’s refusal to increase ammunition reserves by €1.6 billion.

Kusti Salm, the Ministry of Defense’s Permanent Secretary, announced his voluntary resignation due to the government’s inaction. He cited a critical shortage of ammunition as the reason. Salm had repeatedly proposed increasing Estonia’s ammunition stocks, but unfortunately, the decision was …

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Unemployment and supply of homes are correlating higher, layoffs soar 410% in February, with inventory showing a 24% increase, the highest in years.

Unemployment and supply of homes are correlating higher now as well pic.twitter.com/cfgrH7wAsT — The Coastal Journal (@1CoastalJournal) March 26, 2024 The real estate rollercoaster is hitting some unexpected twists and turns, with February delivering a double whammy of unsettling news. …

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