News from the world of big profits

Two items from 538 Significant Digits:

$100 billion in profit

For the first time in history, the six biggest Wall Street banks — JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs and Morgan Stanley — made $100 billion in profit in a year. “They have Republican tax cuts to thank,” wrote Bloomberg. [Bloomberg]


$1 to $2 increase

Over the next few months, Netflix will increase the prices of all of its subscription plays by $1 to $2. “A Christmas Prince 3: Trimming the Tree” won’t make itself for free, you know? Netflix stock jumped 6 percent on the news. [CNN Business]

Which reminds me: the next time I hear anything from anyone about how Democratic politicians are in the thrall of Wall Street, I’m coming to your house and I will swat you one.

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