Marketplace Logo Donate

Daily business news and economic stories from Marketplace

An unexpected drop ends a strong year for JPMorgan

Subscribe to our Newsletters
7 percent

That’s how much JPMorgan Chase’s profit dropped in the fourth quarter, as reported on Wednesday. The decrease was unexpected, but the firm still finished 2014 with a reported $21.8 billion, its highest annual profit.

$45.19

That’s what the price of Brent Crude sank to Tuesday. Goldman Sachs predicted the free fall will stop at $42 a barrel, but Quartz says it’s possible it could hit the $32 low point of December 2008.

$300 million

That’s how much online craft and vintage market Etsy is looking to raise in its upcoming IPO. That’s a lot of hand-quilted tea cozies. It could be the largest IPO for a New York tech company since 1999. 

$3,347

The average tuition and fees students paid at two-year colleges for the 2014-2015 academic year. It works out to about a fifth of a student’s total budget, when transportation, supplies, housing and other costs are considered. According to the Washington Post’s Wonkblog, the additional costs will create a much higher barrier to entry for students than President Obama’s free community college plan suggests.

5,700 rupees

That’s how much Samsung’s smartphone, the  Z1 handset, goes on sale for in India on Wednesday. As the BBC reports, the phone is a notable departure from Android, because this is the first phone that uses Samsung’s own operating system, which is called Tizen.

16 billion

The total page views Buzzfeed got in 2014. Let that sink in for a second.

What's Next

Latest Episodes From Our Shows

Listen
Aug 12, 2022
28:48
Listen
Aug 12, 2022
27:01
Listen
1:43 PM PDT
1:50
Listen
Aug 12, 2022
7:29
Listen
Aug 12, 2022
6:54
Listen
Jul 7, 2022
30:13
Listen
Aug 9, 2022
24:46
Exit mobile version