In an effort to improve efficiency and reduce wait times, the Social Security Administration is rolling out updates to their online services. This means that if you have an existing “my Social Security” account created before September 18, 2021, it is crucial that you log in to make the necessary transition to a Login.gov account.
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Bank of America reported second-quarter revenue and profit that exceeded expectations. The earnings per share came in at 83 cents, surpassing the 80 cents estimated by LSEG. The revenue also outperformed estimates, reaching $25.54 billion compared to the $25.22 billion expected figure. However, the profit did experience a 6.9% decline from the previous year, landing
New Balance has recently announced a significant multiyear deal with the Women’s National Basketball Association (WNBA), adding to the list of supporters of women’s sports. Through this agreement, New Balance is set to become an official partner of the WNBA, showcasing broadcast, digital, and retail content that will feature promising Los Angeles Sparks rookie forward,
Morgan Stanley recently announced their second-quarter earnings report, revealing that both profit and revenue surpassed analysts’ estimates. The company reported earnings of $1.82 per share, higher than the $1.65 LSEG estimate. Additionally, revenue for the quarter reached $15.02 billion, exceeding the $14.3 billion estimate. These results demonstrate a significant improvement from the previous year, with
Deutsche Bank recently came under fire for incorrectly disclosing deferred tax assets in its 2019 financial statement, a move that did not align with international accounting standards. The German regulator BaFin pointed out that the declarations regarding deferred tax assets in the bank’s consolidated financial statement were incomplete. Missing Information in the Financial Statement BaFin
The recent plunge in Hugo Boss shares, declining as much as 10%, can be attributed to the company cutting its sales outlook for the year. The German fashion house reduced its sales forecast to up to 4.35 billion euros from the previous estimate of up to 4.45 billion euros. This adjustment is a clear indication
General Motors’ ambitious goal of producing 1 million all-electric vehicles in North America by the end of 2025 seems increasingly unlikely, according to recent statements made by CEO Mary Barra. Barra’s comments, made during a virtual CNBC CEO Council event on Monday, suggest that the market demand for electric vehicles has not materialized as quickly
The recent attempted assassination of former President Donald Trump at a Pennsylvania rally has prompted leaders of some of the most powerful firms on Wall Street to speak out against such acts of violence. JPMorgan Chase CEO Jamie Dimon expressed his deep sadness and condemnation for the violence, emphasizing the importance of standing together against
Goldman Sachs announced impressive second-quarter results on Monday, surpassing profit and revenue estimates. The company reported earnings of $8.62 per share, beating the $8.34 per share estimate from LSEG. Additionally, revenue came in at $12.73 billion, higher than the $12.46 billion estimate. This marked a significant improvement for the bank, with second-quarter profit soaring 150%
Recent signs of easing inflation have opened the door for the Federal Reserve to potentially cut interest rates in the near future. Key inflation indicators, such as the consumer price index, have shown a decline, giving the Fed more room to maneuver. This is good news for consumers who have been experiencing high borrowing costs