Plunging Home Prices, Fleeing Companies: Austin's Glow Is Fading [BNN Bloomberg (Canada)]
JP Morgan Chase & Co. (JPM)
Last jp morgan chase & co. earnings: 4/14 06:43 am
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Source: BNN Bloomberg
Almost a quarter of commercial office space is vacant, and nowhere in the country have residential real estate prices fallen further from their pandemic peak. Austin, the cosmic cowboy paradise that became a Covid-era economic superstar as it lured Elon Musk and a host of California refugees with its low taxes and sunny weather, had become accustomed to a steady drumbeat of good news. But lately that's changed. And on Tuesday, Larry Ellison announced that his software company will shift its headquarters from the Texas capital to Nashville, Tennessee. It was a brief marriage — Oracle only arrived in Austin in 2020 — but getting jilted is never easy. “City Hall was as surprised as everyone else,” Mayor Kirk Watson said in a statement. But maybe he shouldn't have been so shocked. Austin has been going so strong for so long that the tide was bound to turn. After a 12-year streak as the fastest growing large metro area in the US, Austin lost that slot in 2023. An office glut has pu
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- JPMorgan Chase Investor Day 2024Business Wire
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JPM
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- 5/3/24 - Form FWP
- 5/3/24 - Form 424B2
- JPM's page on the SEC website