[ad_1] Traders work on the floor of the New York Stock Exchange. NYSE Stocks were higher Monday as Wall Street braced for quarterly reports from some of the biggest companies in the world. The Dow Jones Industrial Average traded 60 points higher, or 0.2%. The S&P 500 climbed 0.2%, while the Nasdaq Composite advanced 0.4%. … Read more
[ad_1] The government of the U.S. Virgin Islands in a court filing Friday estimated that it will seek damages of at least $190 million from JPMorgan Chase in a lawsuit accusing the big bank of facilitating sex trafficking by its former long-time customer Jeffrey Epstein. The Virgin Islands also said it wants an order requiring … Read more
[ad_1] U.S. stock futures were little changed on Monday night after the major averages snapped a three-day decline. Dow Jones Industrial Average futures rose 4 points, or 0.01%. S&P 500 gained 0.02%, while the Nasdaq-100 futures added 0.04%. Investors are coming off a positive session for the major averages. On Monday, the Dow Jones Industrial … Read more
[ad_1] Traders on the floor of the NYSE, July 6, 2023. Source: NYSE Stocks ticked up Monday as Wall Street tried to recover from a losing week. The positive reversal came as investors prepared for a slate of inflation data later in the week and braced for the start of the second-quarter earnings season. The … Read more
[ad_1] The S&P 500 dipped in late afternoon trading, erasing earlier gains that brought the benchmark index to trade at its highest level in nine months. The S&P lost 0.2%, while the Nasdaq Composite inched 0.1% lower. The Dow Jones Industrial Average dropped 165 points, or about 0.5%. The shift in the broad-based index came … Read more
[ad_1] JPMorgan increased its 2024 economic forecast for India — but only marginally — saying the country’s growth will be affected by a slowdown in global growth momentum. The investment bank raised its 2024 growth forecast from 5% to 5.5%. The revision follows the latest gross domestic product data this week which showed the Indian … Read more
[ad_1] JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S. Senate Majority Leader Schumer that was reportedly about the possibility of the U.S. defaulting on its debt, outside the U.S. Capitol in Washington, May 17, 2023. Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie … Read more
[ad_1] Jonathan Raa | Nurphoto | Getty Images Deutsche Bank agreed to pay $75 million to victims of sex predator Jeffrey Epstein to settle a federal lawsuit accusing the bank of enabling and benefitting from its customer’s sex trafficking of young women, sources told CNBC on Wednesday night. The bombshell deal still leaves JPMorgan Chase … Read more
[ad_1] Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Sept. 22, 2022. Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase CEO Jamie Dimon said Tuesday that it’s not likely his bank … Read more
[ad_1] Berkshire Hathaway CEO Warren Buffett on Saturday assailed regulators, politicians and the media for confusing the public about the safety of U.S. banks and said that conditions could worsen from here. Buffett, when asked about the recent tumult that led to the collapse of three mid-sized institutions since March, launched into a lengthy diatribe … Read more