Investors were jolted by a stronger-than-expected retail sales report on Tuesday, which underscores the dual-edged sword now facing markets. July’s 0.7% surge in retail sales is helping to…
Read more ‘Good news really is bad news’: Stocks hit a roadblock as strong retail sales reinforce soft-landing viewJust a day after the Treasury Department released a $1 trillion borrowing estimate for the third quarter, questions are being raised about the extent to which foreign and…
Read more ‘Eye-popping’ borrowing need from U.S. Treasury raises risk of buyers’ fatigueJPMorgan Chase & Co., the largest U.S. bank, has been wading into artificial intelligence to a greater extent than its rivals and is now producing a series of…
Read more Wall Street’s most AI-enthusiastic bank delivers machine-generated research notesThe U.S. Virgin Islands said it will seek damages of at least $190 million from JP Morgan Chase & Co. JPM, +0.60%, according to a filing Friday. In…
Read more Virgin Islands seeking at least $190 million in damages from JP Morgan over Jeffrey EpsteinStocks rose for a fourth day in a row on Thursday, a day ahead of second-quarter earnings from America’s biggest lenders. The Dow Jones Industrial Average DJIA, +0.14%…
Read more S&P 500 ends above 4,500 level for first time in 15 months as stocks gain ahead of bank earningsWrit large, corporate America had a pretty profitable pandemic. Lockdowns left shoppers burning stimulus cash on AirPods and Nintendo Switches to dilute boredom and anxiety. Supply convulsions from…
Read more This earnings season, expect companies to keep margins high ‘the usual way, by firing people’Major U.S. banks including Morgan Stanley and JPMorgan Chase & Co. announced dividend increases late Friday, in the wake of the results of the Federal Reserve’s latest bank…
Read more JPMorgan, Goldman, Citi and Morgan Stanley boost dividends after Fed stress testsThe U.S. Federal Reserve said Wednesday that all 23 banks in this year’s stress tests withstood a hypothetical “severe” global recession and losses of up to $541 billion…
Read more Fed stress tests see large banks able to handle recession and slide in commercial real estate pricesGoodbye pandemic refi cash-outs. Hello HELOCs? Home-equity lines of credit (HELOCs) and second-lien mortgages have been staging a notable comeback as U.S. homeowners look for liquidity and ways…
Read more HELOCs are back. Cash-strapped borrowers are tapping into a $33 trillion pile of home equity.A spokesperson for JPMorgan Chase & Co. on Friday has confirmed statements on social media that some customers are seeing duplicate transactions and fees on their checking accounts.…
Read more Chase working to resolve issue with accidental double payments made through ZelleWelcome back to Distributed Ledger. This is Frances Yue, reporter at MarketWatch. Fears are brewing in financial markets that the U.S. lawmakers won’t be able to reach an…
Read more Could bitcoin and gold be haven buys as debt-ceiling fears mount? Here’s what recent trading patterns suggest.Wall Street embraced the U.S. April consumer-price index, a closely watched inflation gauge published Wednesday, with cautious optimism. But some Wall Street analysts are worried inflation might not…
Read more Wall Street cheers latest inflation report, but some say it could spell trouble for stocks down the roadU.S. stocks recovered some ground on Friday, after four days of losses, as shares of regional banks rebounded and the main indexes received a boost from a strong…
Read more Dow gains 450 points as U.S. stocks recover after 4 days of lossesJPMorgan Chase has won the auction to take over fallen First Republic Bank, the Federal Deposit Insurance Corp. announced early Monday morning. The deal will see America’s largest…
Read more JPMorgan to take over First Republic after fourth bank failure of the yearJPMorgan Chase JPM shares rose 3% in early premarket trade after winning the auction to buy First Republic Bank. JPMorgan said it expects the deal to be modestly…
Read more JPMorgan shares rise after winning First Republic auctionJPMorgan Chase has won the auction to take over fallen First Republic Bank, the Federal Deposit Insurance Corp. announced early Monday morning. The deal will see America’s largest…
Read more JPMorgan to take over First Republic after regional bank was closedHere’s a thought for investors: If the Federal Reserve raises interest rates to 5% or more would that wreck the economy and stock prices ? The U.S. stock…
Read more Why 5% interest rates might not derail the stock market or the U.S. economyGoogle co-founder Sergey Brin is among the wealthy men who received a subpoena this week in the lawsuit over JPMorgan Chase & Co.s JPM, +1.21% ties to Jeffrey…
Read more Sergey Brin and other billionaires subpoenaed in JPMorgan-Epstein lawsuit: reportU.S. stocks closed mostly higher Monday, as bank shares climbed after First Citizens BancShares Inc. FCNCA, +53.74% agreed to buy failed Silicon Valley Bank’s deposits and loans. The…
Read more U.S. stocks end mostly higher as banks helped buoy S&P 500 after First Citizens dealU.S. stocks finished Friday higher, despite a jump in the cost of Deutsche Bank’s credit-default swaps helping to reignite banking-sector worries. The Dow Jones Industrial Average, S&P 500…
Read more U.S. stocks end higher, S&P 500 books back-to-back weekly gains despite bank jitters spurred by Deutsche Bank
