JPMorgan Q2 results: Bank’s profit beats estimates at $14.2 billion; revenue strong but CEO Jamie Dimon warns of global risks

JPMorgan Chase reported a second-quarter net profit of $14.2 billion on Tuesday, down from $18.3 billion a year ago, but ahead of Wall Street expectations. The bank posted adjusted earnings of $4.96 per share, surpassing analysts’ forecast of $4.48, although lower than the $6.12 per share it earned in Q2 2024.Total managed revenue stood at…

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TCS salary increments: When will the IT giant announce pay hikes? Chief Human Resources officer Milind Lakkad shares update

TCS had previously disclosed in April that salary increases would be postponed due to business uncertainties. (AI image) Employees of Tata Consultancy Services (TCS) will have to wait a little longer for clarity on salary hikes. In its June quarter financial results announcement, India’s largest IT services firm has indicated that decisions regarding salary increases…

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Big US vulnerability! China’s strict export control on a rare earth mineral has given America a headache – how will it make missiles, fighter jets?

The United States has been unsuccessful for over ten years in establishing an alternative source to China’s provision of specific rare earth materials. (AI image) China’s monopoly and stringent control on rare earth minerals is causing a major military problem for the US, and it doesn’t seem that this vulnerability is going to be addressed…

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