Investment News

Education Secretary Nominee Calls for Investment in Pandemic Recovery

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Our nation’s educational challenges didn’t begin with the pandemic, but it has exacerbated inequities in our educational system. These inequities will endure, and they’ll prevent the potential of this country unless tackled head on. And it is so — it is, and so it’‘s our responsibility, and it would be my greatest privilege, if confirmed, to forge opportunity out of this crisis. Investing in public education changes lives. And it saves lives. I’ve seen it, and I’ve lived it. And I know our challenges ahead are problems that we can overcome together. As a saying in Spanish goes, “en la

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Investment News

JPMorgan trims loan reserves on hopes for recovery

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(Reuters) – JPMorgan Chase & Co reported a better-than-expected quarterly profit on Friday as it released some of the cash it had built up against coronavirus-driven loan losses, although the bank cautioned that demand for loans was likely to remain sluggish this year.

FILE PHOTO: A view of the exterior of the JP Morgan Chase & Co. corporate headquarters in New York City May 20, 2015. REUTERS/Mike Segar

For most of last year, Main Street lenders were grappling with the economic fallout of the pandemic, setting aside tens of billions of dollars to cover potential

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