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JPMorgan's profit plummets nearly 70%

6 years 6 months ago
As the coronavirus pandemic crushes the global economy, JPMorgan set aside a stunning $6.8 billion worth of reserves to insulate itself from losses on loans it believes may not be paid back.

China is giving cash to car buyers to revive crushed sales

6 years 6 months ago
In a normal year, China would have sold more than 6 million new cars by now. This year, the number is closer to 3.7 million, and now the government is handing out cash to help the world's biggest auto market get back on its feet after the coronavirus pandemic.
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11 minutes 30 seconds ago
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