KUALA LUMPUR, Sept 8 (Bernama) -- Bursa Malaysia closed almost flat on Tuesday as buying interest rotated away from index heavyweights towards smaller-cap construction stocks, with sentiment affected by geopolitical uncertainty, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.39 of a point to 1,714.40 from Monday’s close of 1,714.79. The benchmark index opened 1.65 points lower at 1,713.14 and moved between 1,710.44 and 1,714.50 throughout the trading session. The broader market was almost evenly balanced, with decliners leading gainers 548 to 546, while 598 counters were unchanged, 1,107 were untraded and 25 were suspended. Turnover expanded to 4.13 billion units valued at RM3.14 billion from 3.60 billion units valued at RM2.45 billion on Monday.
JPMorgan Chase has begun its first round of job cuts for 2025, affecting fewer than 1,000 employees in February , according to sources familiar with the matter. Despite record annual profits in 2024 , the bank is planning additional layoffs later this year as part of routine business management. 💼 Key Layoff Details 🔹 Fewer than 1,000 employees to be laid off in February 🔹 Further job reductions expected later in 2025 🔹 JPMorgan still has 14,000 open positions , with hiring continuing in certain areas 💬 JPMorgan spokesperson: "These reductions are part of our regular business management. We continue to hire and work hard to redeploy impacted employees." 📌 Why It Matters: Despite strong profits and economic optimism , JPMorgan is streamlining operations to stay competitive in an evolving market. 📈 Banking Sector Outlook: Profits Soar, Uncertainty Lingers 📌 JPMorgan reported its highest-ever annua...