The Kellington Times
JPMorgan Plans To Have About 25,000 Of Its Employees Work From Home
JPMorgan Chase, a well-respected top-tier investment bank and financial institution, plans to have thousands of employees working permanently from home. Jamie Dimon, JPMorgan’s highly regarded chief executive, said 10% of its 255,000 U.S.-based employees may work from home full time, and others could continue to work remotely for some of the time, according to a letter to shareholders released last Wednesday.
U.S. Pauses J&J COVID-19 Vaccine Over Rare Blood Clots
U.S. federal health agencies on Tuesday recommended pausing the use of Johnson & Johnson’s COVID-19 vaccine after six women under 50 given the shot developed rare blood clots, dealing a fresh setback to efforts to tackle the pandemic. Following the news, Johnson & Johnson (J&J) said it was delaying the rollout of the vaccine to Europe, a week after regulators there said they were reviewing rare blood clots in four recipients of the shot in the United States.
Credit Suisse Cuts Bonuses Following Archegos Loss
Credit Suisse Group AG has cut bonuses for its staff by hundreds of millions of dollars after it lost $4.7 billion from the collapse of hedge fund Archegos Capital, the Financial Times reported on Monday.
San Francisco Family Seeks 3 Nannies, Offers $100K Salary Each
What’s the work of parenting worth? About $300,000 per year, according to one San Francisco family. Luxury staffing firm Louer has shared a listing online on behalf of one wealthy family that seeks three full-time nannies to care for their two children, a baby and a toddler. The role would require each nanny to work 12-hour shifts, residing on-premises during their rotation at the family’s mansion in the Presidio Heights area of Napa, where home prices hover in the neighborhood of $5 million to $9 million.
Top U.S. Cities With The Strongest Job Markets
Cities far from the coasts have emerged as havens to job seekers and businesses during the coronavirus pandemic, according to an estimate from the Wall Street Journal. How it works: To determine the strongest job market in the U.S., The Journal rated 53 regions with more than 1 million residents on factors that included unemployment rate, wages and change in payroll and size of workforce.
New York City Facing Exodus After Officials Hike Taxes To Plug Covid-19 Shortfall
New York is bracing for an exodus of its wealthiest residents after officials passed a budget that will see them pay the US’s highest tax rate, as they desperately seek to boost their Covid-hit economy. Under the new rate, which is expected to soon be rubber-stamped by Governor Andrew Cuomo, the city’s top earners could pay up to 14.8 per cent tax – a combined federal, state, and city tax which could reach 52%.
Singapore’s Grab To Go Public In World’s Biggest $40 Billion SPAC Merger
Grab Holdings, the largest ride-hailing and food delivery firm in Southeast Asia, clinched a merger on Tuesday with special-purpose acquisition company Altimeter Growth Corp securing a valuation of nearly $40 billion and paving the way for a coveted U.S. listing. The merger, the biggest blank-check company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion in 2020.
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