Latest JPMorgan Chase & Co News
Stock market today: Wall Street falls sharply to close out its worst week since October
NEW YORK (AP) — U.S. stocks tumbled Friday following a mixed start to earnings reporting season. Worries about potentially escalating tensions in the Middle East rattled financial markets, pushing investors to look for safer places for their money. The S&P 500 sank 1.5% to...
How major US stock indexes fared Friday, 4/12/2024
U.S. stocks fell sharply following a mixed start to earnings reporting season. The S&P 500 sank 1.5% Friday. The Dow dropped 1.2%, and the Nasdaq composite fell 1.6% from its record. Worries about tensions in the Middle East rattled financial markets, and Treasury yields fell as...
JPMorgan Chase, Advanced Micro Devices fall; Progressive, State Street rise, 4/12/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: JPMorgan Chase & Co., down $12.64 to $182.79. The bank gave investors a lower-than-expected forecast for its annual net interest income. Newmont Corp., down 43...
Big banks warn of uncertain year ahead after mixed financial performances in the first quarter
NEW YORK (AP) — Big banks warned of an “uncertain” year ahead after mixed financial results during the first quarter in an environment of stubbornly high inflation and geopolitical clashes in Europe, the Middle East and elsewhere. JPMorgan reported a modest 6% rise in profits...
How major US stock indexes fared Tuesday, 4/9/2024
Stocks meandered to a mixed close on Wall Street as traders made their final moves before several potentially market-moving reports later in the week. The S&P 500 edged up 0.1% Tuesday. The Dow Jones Industrial Average was little changed, and the Nasdaq composite inched up 0.3%....
Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall, Monday, 4/8/2024
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: Taiwan Semiconductor Manufacturing Co., up $1.43 to $142.79. The White House pledged to provide up to $6.6 billion for the chipmaker to expand facilities in Arizona. ...
JPMorgan's Dimon warns inflation, political polarization, wars creating risks not seen since WWII
NEW YORK (AP) — The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors Monday that he continues to expect the U.S. economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S....
This Week: Consumer prices, Fed meeting minutes and earnings reports from several big banks
A look at some of the key business events and economic indicators upcoming this week INFLATION BAROMETER The Labor Department releases its March report on consumer prices Wednesday. Analysts expect inflation at the consumer level rose 3.4% in March from...
JPMorgan fined almost $350M for issues with trade surveillance program
JPMorgan is facing nearly $350 million in fines from bank regulators due to issues with its trade surveillance program. The Office of the Comptroller of the Currency said Thursday that it was assessing a $250 million civil penalty against JPMorgan Chase Bank because it found that the...
Why does the US government think a Kroger-Albertsons merger would be bad for grocery shoppers?
Kroger and Albertsons — two of the biggest grocery chains in the United States — had hoped to complete the largest supermarket merger in the country's history this year. But their plan to compete with big-box retailers by combining forces faces legal challenges that make it look far less...
