Apple’s fiscal fourth-quarter results smashed expectations, driven by unprecedented iPhone 17 demand. CEO Tim Cook forecasts the “best ever” December quarter with 10-12% revenue growth as Wall Street responds with upgraded targets.
JPMorgan Chase has unveiled its new 60-story global headquarters in Manhattan, one of the first major office towers completed since the COVID-19 pandemic. The $3 billion development replaces the former Union Carbide Building and will accommodate approximately 10,000 employees. Company leadership describes the project as a significant commitment to New York City’s future.
JPMorgan Chase has publicly unveiled its new 60-story global headquarters in Midtown Manhattan, a development that reportedly cost $3 billion and represents one of the first major office buildings completed following the COVID-19 pandemic, according to company statements. The bronze and steel tower at 270 Park Avenue officially opened Monday with a ribbon-cutting ceremony coinciding with employees’ first workday in the new facility.
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** Major US banks including JPMorgan and Goldman Sachs posted strong investment banking results fueled by record equity markets and dealmaking activity. However, executives cautioned about asset price bubbles forming amid investor exuberance and geopolitical risks.
Top U.S. banking institutions reported robust third-quarter earnings, driven by a significant surge in investment banking revenue and sustained consumer financial health. Despite ongoing trade tensions and geopolitical uncertainties, banks benefited from resilient economic conditions and record-high equity markets. Goldman Sachs recorded a remarkable 42% jump in investment banking revenue, while JPMorgan Chase saw a 16% increase in fees, reflecting heightened activity in mergers, acquisitions, and capital markets. Wells Fargo and Citigroup also delivered solid performances, underscoring a broad-based recovery in Wall Street operations.
