Latest JPMorgan Chase & Co News

Wall Street feuds with Warren, much to her apparent delight

Nov. 14, 2019 4:58 PM EST

NEW YORK (AP) — Senator Elizabeth Warren’s fight with Wall Street escalated when billionaire investor Leon Cooperman called the presidential candidate’s proposal to put a new tax on the nation’s wealthiest people a plan to “penalize success” and said her ideas...

Uncertainty over US-China trade keeps markets in check

Nov. 8, 2019 8:11 AM EST

LONDON (AP) — Uncertainty about a possible U.S.-Chinese agreement to roll back tariffs in their trade war kept global markets in check Friday. Though the two sides have agreed to reduce some punitive tariffs on each other's goods, the full extent of the rollback wasn't clear. A Chinese spokesman announced...

Asian markets follow Wall Street higher after Fed rate cut

Oct. 31, 2019 1:32 AM EDT

BEIJING (AP) — Most Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve cut a key interest rate. Tokyo, Hong Kong and Seoul advanced. Shanghai retreated 0.1% after Chinese factory activity weakened more than expected in October. Investors welcomed the Fed's third rate cut...

Correction: AmEx Green Card-50 Years story

Oct. 25, 2019 3:43 PM EDT

NEW YORK (AP) — In a story Oct. 24 about American Express' new Green Card, The Associated Press misidentified credit card industry expert Matt Schulz's place of employment. Schultz works for Comparecards.com, not Creditcards.com. A corrected version of the story is below: Iconic AmEx 'Green Card' turns 50,...

Asian stocks follow Wall Street lower after mixed earnings

Oct. 23, 2019 12:23 AM EDT

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday after major companies reported mixed earnings and an EU leader said he would recommend the trade bloc allow Britain to delay its departure. Benchmarks in Shanghai, Tokyo and Hong Kong all declined. U.S. shares retreated, led by a tech...

Stocks end lower; S&P 500 notches 2nd straight weekly gain

Oct. 18, 2019 5:19 PM EDT

The S&P 500 index closed out an uneven week of trading on Wall Street with its second straight weekly gain, even though stock indexes ended lower Friday. Technology companies led the slide, which erased the major U.S. indexes' gains from the day before. Communication services, industrials and health care...

Stocks slip as first big week of earnings heads to a finish

Oct. 18, 2019 10:38 AM EDT

NEW YORK (AP) — Stocks are slipping in early trading on Wall Street Friday, weighed down by losses in technology companies. The market is still on track for its second weekly gain after three straight losing weeks. Investors are also absorbing the latest economic data showing that growth in China sank to a...

Asian shares mixed on caution over China-US trade deal

Oct. 17, 2019 1:01 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. Hong Kong led regional gains after its chief executive, Carrie Lam, announced help for the property sector. The semi-autonomous city's...

Asian shares rise after Wall Street gain on solid earnings

Oct. 15, 2019 10:43 PM EDT

TOKYO (AP) — Asian shares were higher Wednesday after a gain on Wall Street boosted by healthy earnings reports from U.S. companies. Japan's benchmark Nikkei 225 rose 1.6% in morning trading to 22,554.05, while Australia's S&P/ASX 200 gained 1.0% to 6,720.10, while South Korea's Kospi added 0.6% to...

JPMorgan, J&J rise; American Tower, Whiting Petroleum fall

Oct. 15, 2019 4:37 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday. UnitedHealth Group Inc., up $18 to $238.59 The nation's largest health insurance company raised its profit forecast after beating Wall Street's third-quarter financial expectations. Johnson & Johnson, up $2.12 to $132.84 The...