Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Ferrari Group to Launch IPO in Amsterdam, Targets Over $1 Billion Valuation 
Investors value green labels — but not always for the right reasons 
China’s Growth Faces Structural Challenges Amid Doubts Over Data 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Australian Household Spending Dips in December as RBA Tightens Policy 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Tempus AI Stock Soars 18% After Pelosi's Investment Disclosure 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts 
Asian Currencies Stay Rangebound as Yen Firms on Intervention Talk 
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’ 
Yen Slides as Japan Election Boosts Fiscal Stimulus Expectations 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
U.S. Stock Futures Rise as Trump Takes Office, Corporate Earnings Awaited 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
The largest banks in the US will earn hundreds of millions of dollars in transaction fees under the federal government's Paycheck Protection Program.
JPMorgan Chase processed the most PPP at $28.8 billion of loans as of June 20, yielding it over $800 million in fees. Next was Bank of America, which issued $25.2 billion.
Banks with assets under $250 million would also get a significant windfall.
According to Rick Wayne, president and CEO of Northeast Bank, a community bank, processing PPP loans was enormously profitable for them, "maybe the most profitable thing" they've done.
Northeast Bank is set to collect $9.8 million in fees from PPP loans.
Fees range from one to five percent, depending on the loan.
The PPP is meant to help smaller American businesses survive the pandemic-triggered recession and form part of the country's $2 trillion economic stimulus package.
But the Small Business Administration revealed that the loans had been doled out to billionaires like Kanye West, large chain restaurants, and Washington lawmakers.
