Latest JPMorgan Chase & Co News

What's at stake if investors begin to shun Saudi Arabia

Oct. 19, 2018 4:30 PM EDT

FRANKFURT, Germany (AP) — The disappearance of a Saudi journalist last seen entering the kingdom's consulate in Istanbul has shaken confidence in the country as a place to do business, with potential consequences for billions of dollars in investments going into and out of the country. It's a blow,...

The Latest: UN expert: Government abductions are new worry

Oct. 18, 2018 9:21 PM EDT

The Latest on the disappearance of Saudi writer Jamal Khashoggi, a Washington Post columnist who went missing after entering the Saudi Consulate in Istanbul earlier this month (all times Eastern Daylight Time): 9:15 p.m. A U.N. expert says the world is witnessing "a new and very worrisome practice" of governments...

American Express profits jump 22 percent, beating forecasts

Oct. 18, 2018 6:40 PM EDT

NEW YORK (AP) — American Express said its third quarter profits jumped by 22 percent from a year earlier, as the credit card giant benefited from a lower tax rate and increased spending on the company's credit cards. The New York-based company said it earned a profit of $1.65 billion, or $1.88 a share,...

Asia shares sag after retreat on Wall St, weaker Japan data

Oct. 18, 2018 12:11 AM EDT

BANGKOK (AP) — Shares fell Thursday in Asia after a retreat on Wall Street driven by sell-offs of technology shares, homebuilders and retailers. A report of weaker Japanese exports in September underscored uncertainties over the outlook for trade. KEEPING SCORE: Japan's Nikkei 225 index sank 0.7 percent to...

At a glance: Execs bailing on Saudi 'Davos in the Desert'

Oct. 17, 2018 7:37 AM EDT

Top business executives are distancing themselves from Saudi Arabia over the disappearance of dissident journalist Jamal Khashoggi, with many canceling their attendance at an upcoming investment conference that the country had hoped to use to boost its global image. With reports circulating of the writer's...

Turkish official: Police found evidence of Khashoggi slaying

Oct. 16, 2018 8:21 PM EDT

ISTANBUL (AP) — Police searching the Saudi Consulate found evidence that Saudi writer Jamal Khashoggi was killed there, a high-level Turkish official said Tuesday, and authorities appeared ready to also search the nearby residence of the consul general after the diplomat left the country. The comment by...

Report: Uber IPO could put company value at $120 billion

Oct. 16, 2018 1:36 PM EDT

NEW YORK (AP) — Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion, according to a media report. The Wall Street Journal said Tuesday that Uber Technologies Inc. received valuation proposals from Goldman Sachs and Morgan Stanley....

The Latest: Washington lobbyists drop client Saudi Arabia

Oct. 15, 2018 11:35 PM EDT

ISTANBUL (AP) — The Latest on the disappearance of a Saudi writer who Turkish officials fear was killed inside the Saudi Consulate in Istanbul (all times local): 6:25 a.m. A Washington lobbying firm has told Saudi Arabia it will no longer represent the kingdom, as international furor builds over the...

Trump suggests 'rogue killers' murdered Saudi journalist

Oct. 15, 2018 8:52 PM EDT

WASHINGTON (AP) — President Donald Trump suggested Monday that "rogue killers" could be responsible for the mysterious disappearance of Saudi journalist Jamal Khashoggi, an explanation offering U.S. ally Saudi Arabia a possible path out of a global diplomatic firestorm. The Saudis continued to deny they...

Pressured over missing writer, Saudi Arabia lashes out

Oct. 15, 2018 12:11 AM EDT

DUBAI, United Arab Emirates (AP) — Saudi Arabia has threatened to retaliate for any sanctions imposed against it after President Donald Trump said the oil-rich kingdom deserves "severe punishment" if it is responsible for the disappearance and suspected murder of Washington Post contributor Jamal...