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JPMorgan CEO gets 35% pay raise to $27M amid cutbacks

JPMorgan CEO gets 35% pay raise to M amid cutbacks

Mock all you want, but just know that future pay cuts are not only going to impact fat trader bonuses, Kaja Whitehouse, reports. Jamie Dimon, Chairman and CEO of JPMorgan Chase (Photo: AFP/Getty Images) NEW YORK –Even as Wall Street braces for more cuts … Continue reading at usatoday.com

This has to be the most colorful hedge fund office we’ve ever seen

Finance Insider is Business Insider’s midday summary of the top stories of the past 24 hours. To sign up, scroll to the bottom of this page and click ‘Get updates in your inbox.’ Financial markets seem to be bracing for a global recession. One sign of … Continue reading at businessinsider.com

AmEx gets put through shredder. Stock plunges

Wall Street no longer takes American Express. Shares of AmEx (AXP) plunged 13% Friday after the credit card company issued a weak outlook for 2016 AND 2017 in its latest earnings report. It appears that investors no longer have much, if any, faith in … Continue reading at money.cnn.com

Small Business

Home purchases rebound in Dec.; 2015 had most sales in 9 years

A house for sale in Culver City, Calif. (Photo: AP) WASHINGTON – U.S. home sales rebounded in December after new regulations had delayed the completion of purchases in November. And total sales in 2015 were the most in nine years. The National Association … Continue reading at usatoday.com

Crude prices soar above a barrel

At the end of a brutal week, oil prices surged Friday morning — jumping back above $ 31 a barrel. Prices rose 4.2% Thursday to settle at $ 29.53 a barrel. That was the biggest one-day percentage gain since October 28. Stock markets around the world … Continue reading at money.cnn.com

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Small Business

Oil rig count drops by 5

The US oil rig count fell for a fifth straight period, by five to 510 this week, according to driller Baker Hughes. The combined count of oil and gas rigs fell 13 to 637. Last week, the oil rig count fell by just one, while the total count of oil and gas … Continue reading at businessinsider.com

Global Future City Holding Inc. Appoints Peng Yi Rong as Marketing Director in Hong Kong

IRVINE, Calif., Jan. 22, 2016 (GLOBE NEWSWIRE) — Global Future City Holding Inc. (OTCQB:FTCY) (the “Company”) has appointed Peng Yi Rong as the Marketing Director of Hong Kong to promote the multi-level marketing (MLM) business of its wholly-owned … Continue reading at nasdaq.com

The average portfolio is losing ground to the S&P 500

The stock market correction has been tough enough on Wall Street pros, but it’s exacted an even worse toll on retail investors. One gauge measuring the performance of retail investor portfolios shows a decline of 8.15 percent in 2016, an even bigger drop … Continue reading at cnbc.com

U.S. Stocks Advance Amid Stimulus Optimism Led by Energy Shares

U.S. stocks advanced, on the way to the strongest two-day rally in five weeks, amid speculation central banks around the world will act to support the global economy even as the Federal Reserve tightens policy. Energy companies led, with Schlumberger Ltd … Continue reading at bloomberg.com

Dov Charney testifies: American Apparel’s ‘impossible’ board won’t give him a fair shot

WILMINGTON, Del. -- Dov Charney’s final stand took place in Courtroom No. 1 of U.S. Bankruptcy Court. On Thursday, Charney testified in what could be his last chance to sway the fate of American Apparel Inc., the company he founded and from which he was … Continue reading at latimes.com

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