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The last of the nation’s biggest banks reported their second-quarter earnings this morning. Goldman Sachs beat expectations, as the firm’s traders were able to capitalize on volatile markets. Bank of America’s bottom line was in line with expectations, but its earnings still fell by a third from the same quarter a year ago.Mr. Jassy goes to Washington (a lot) When Jeff Bezos led Amazon, he kept his distance from Washington. He rarely lobbied lawmakers and testified before Congress only once, under threat of subpoena. Andy Jassy, though, has visited Washington at least three times in the year since he took…

Traders at Goldman Sachs were able to capitalize on volatile markets last quarter, cushioning a drop in profit and making the investment banking giant stand out in what has been a mixed set of earnings reports for the nation’s largest financial firms. Goldman also said it was increasing its dividend by 25 percent.In all, profit at Goldman, which reported its second-quarter results on Monday, fell nearly 50 percent from a year ago, to just under $3 billion. But analysts had been expecting Goldman’s bottom line to shrink as much as 60 percent from the same quarter last year, when the…

Three people were killed at a mall in Greenwood, Ind., on Sunday in a shooting that ended when an armed man fatally shot the gunman, city authorities said.Two additional people were hospitalized in the shooting, which began at around 6 p.m. Eastern time when a man with a rifle and several magazines of ammunition entered the mall’s food court and started firing, Chief Jim Ison of the Greenwood Police Department said. The authorities did not indicate a motive for the shooting and did not identify the gunman.The injured were a 12-year-old girl who suffered a very minor wound on her…

Barbie is about to reunite with some old friends. Mattel, the maker of the popular fashion doll, is dusting off three dormant lines that have not been on toy shelves in decades: Major Matt Mason, Big Jim and Pulsar.The reappearance of three action heroes is part of a strategy hatched by Ynon Kreiz, Mattel’s chief executive, to capitalize on the company’s intellectual property by reviving old brands for new generations.Mattel will reintroduce the toy lines under an umbrella label called Back in Action this week at Comic-Con International, the pop-culture fan fest in San Diego. “This is our toe in…

Amazon excels at making a seemingly infinite array of retail items feel organized and accessible. So why has its streaming service, Prime Video, long had such an ugly, clunky user interface? “Amazon Prime Video’s Library Is Now Genuinely Impossible to Browse,” the online entertainment magazine Paste declared in a headline last year. As the streaming business got more competitive, notably with the arrival of glossy entrants like Disney+ and HBO Max, the poorly designed Prime Video interface stood out even more.On Monday, Amazon finally got in the game, unveiling a redesign 18 months in the making that includes a simplified…

North Korea is on the path to “finally defuse” a crisis stemming from its first acknowledged outbreak of COVID-19, the state news agency said on Monday, while Asian neighbors battle a fresh wave of infections driven by Omicron subvariants.The North says 99.98% of its 4.77 million fever patients since late April have fully recovered, but due to an apparent lack of testing, it has not released any figures of those that proved positive.”The anti-epidemic campaign is improved to finally defuse the crisis completely,” KCNA said. It added that the North had reported 310 more people with fever symptoms.N. KOREA SUGGESTS…

President Joe Biden’s Russia-Ukraine policy has been a monumental disaster. Russia’s forces are in the fifth month of laying devastation to Ukraine as Biden continues to write checks to Zelenskyy, with no end in sight. Here are Biden’s top five failures in Ukraine, which could have devastating long-term consequences for our country, not to mention Ukraine.First, not only has the Biden administration failed to deter Putin, its actions gave Russian forces a head-start, before launching their assault on Ukraine. Putin was able to mobilize a battle-ready force of 190,000 troops who almost encircled Ukraine. This occurred over the course of weeks…

Uber agreed on Monday to settle a Justice Department lawsuit that accused it of violating the Americans With Disabilities Act by charging wait fees to disabled riders who required extra time to get in their cars.The Justice Department, which filed the suit last year, said Uber had started charging wait time fees in 2016 to passengers who took longer than two minutes to get in their car after it arrived to pick them up. Those fees, the lawsuit said, were also charged to riders whose disabilities required extra time to get in the car, such as blind passengers or those…

Investors have been sifting through the first batch of company earnings this quarter to monitor the chances of a recession, the state of consumer spending and the outlook for the markets. Reports from the nation’s biggest banks at the start of “earnings season,” as Wall Street calls it, sent mixed signals.Second-quarter profits at all the banks were down from a year earlier. The last two to open their books were Bank of America, where quarterly profit fell by a third, and Goldman Sachs, where profit fell by half.But in some cases, the decline in profit wasn’t as severe as analysts…