Latest JPMorgan Chase & Co News
HBCU coalition receives $124M gift from nonprofit funder Blue Meridian Partners
NEW YORK (AP) — The HBCU Transformation Project, a coalition of 40 historically Black colleges and universities, on Wednesday announced a $124 million gift from philanthropic funders Blue Meridian Partners to increase enrollment, graduation rates and employment rates for the schools' graduates. ...
Stock market today: Asian markets are mostly lower as oil prices push higher
Shares were mostly lower in Asia on Wednesday after a decline on Wall Street as traders returned from a long holiday weekend. Japan’s Nikkei 225 index advanced but most other regional markets fell. Crude oil prices pushed higher, adding to inflationary pressures at...
Millennial Money: Are luxury investments a good idea in this economy?
Some people collect luxury goods such as investment pieces. Think of a Birkin bag, art by the legendary Jean-Michel Basquiat or a Rolex. Anything considered timeless or high-quality and that appreciates in value can be called an investment piece. The luxury market tends to be more...
Privately held Esmark makes offer for US Steel, sets up bidding contest for iconic steelmaker
NEW YORK (AP) — Industrial conglomerate Esmark said Monday it has made an all-cash offer to buy U.S. Steel that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs. On Sunday, U.S. Steel said it had rejected a cash and stock offer...
US inflation has steadily cooled. Getting it down to the Fed's target rate will be the toughest mile
WASHINGTON (AP) — Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years. Now comes the hard part. Squeezing out the last bit of excess...
Citigroup says some predecessor companies likely saw indirect financial benefits from slavery
NEW YORK (AP) — Some of the companies that formed what is now Citigroup likely benefitted financially from slavery in the 1800's, the financial giant acknowledged Thursday, an admission that comes at a time when numerous institutions are re-examining their historic roots and the roles they played...
Your paycheck could clear faster now that the FedNow instant payment service for banks has launched
NEW YORK (AP) — The Federal Reserve launched a new instant payment service Thursday. FedNow allows banks and credit unions to sign up to send real-time payments so they can offer customers a quicker way to send money between banks. FedNow, which was first announced in 2019,...
China's economy misses growth forecasts, raising the odds of more support for its tepid recovery
HONG KONG (AP) — China's economic growth missed forecasts in the second quarter of the year, adding to worries over surging youth unemployment and a weak property sector and raising the likelihood the government will double down on support for the faltering post COVID-19 recovery. ...
Stock market today: A raucous week for Wall Street closes with a quiet, mixed finish
NEW YORK (AP) — Wall Street’s latest winning week closed with a mixed finish on Friday following stronger profit reports than expected from several big U.S. companies. The S&P 500 slipped 4.62, or 0.1%, to 4,505.42 to edge back from its highest closing level since April 2022....
How major US stock indexes fared Friday, 7/14/2023
Another winning week for Wall Street drifted to a quiet close following profit reports from several big U.S. companies that topped expectations. The S&P 500 fell 0.1% Friday, coming off its highest close since April 2022. The Dow rose 113 points, or 0.3%, and the Nasdaq slipped...
