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Denmark's Royal Succession, Emmy Prediction Buzz, JPMorgan's Big Hit
Just reporting the facts.
Centrist Chronicle
January 16, 2024
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On Sunday, Prime Minister Mette Frederiksen of Denmark declared Prince Frederik X, aged 55, the new king, following the abdication of his mother, 83-year-old Queen Margrethe II, after her 52-year reign. This event marked the first abdication in nearly 900 years within Denmark's monarchy, which is approximately 1,000 years old and recognized as the oldest in Europe.
King Frederik X takes on a largely symbolic role in Denmark's constitutional monarchy, where his duties include the formal signing of new legislation, but he does not possess legislative authority. The monarchy is highly regarded by the Danish people. As king, Frederik X joins the ranks of 42 other monarchs worldwide, including 11 in Europe, who hold varying levels of authority. Monarchies, once the dominant form of government in the Middle Ages, saw many European counterparts dissolved in the wake of World War I.
Before her abdication, Queen Margrethe held the title of the world's longest-serving current monarch.
Do you recall the Emmy Awards? The grand celebration of television, and the illustrious 'E' in the EGOT acronym? They are indeed taking place, and it's happening now.
After a prolonged six-month gap since the nominations were unveiled, the 75th Emmy Awards are being broadcast. This extensive interval between the announcement of nominees and the actual award ceremony is due to the twin strikes that hit Hollywood last summer. Both actors and writers ceased work due to deadlocked contract discussions. In the absence of actors to grace the red carpet, the Television Academy opted to postpone the event to January 15, which will be aired on Fox at 8 PM EST/5 PM PST.
JPMorgan Chase announced on Friday a decrease in fourth-quarter profits, attributed to a $2.9 billion fee associated with the government takeover of failing regional banks last year.
Here is a comparison of the company's reported figures against what analysts surveyed by LSEG (formerly known as Refinitiv) had anticipated:
- Earnings per share: Reported at $3.04, which may not align with the expected $3.32.
- Revenue: $39.94 billion, slightly higher than the expected $39.78 billion.
The bank noted a 15% drop in quarterly earnings to $9.31 billion, or $3.04 per share, compared to the same period last year. Excluding the fee related to the regional banking crisis and $743 million in investment losses, JPMorgan's earnings would have been $3.97 per share.