Latest Updates Around The World
JPMorgan Chase CEO Jamie Dimon warned on Wednesday that a proposal to cap credit card interest rates would end in economic disaster, while US President Donald Trump doubled down on the idea and said he was asking Congress to approve the measure.Trump, under pressure to address voters’ concerns about the cost of living ahead of […]
U.S. bank stocks fell in morning trading on Tuesday following a broader market decline as investors waited to see if the Trump administration’s Jan. 20 deadline to implement a 10% cap on credit card interest rates would take effect.The government has said the proposed cap will improve affordability for ordinary consumers, while banks have warned […]
SitusAMC stated that on November 12, 2025, it became aware of an incident that compromised information stored in its systems, including accounting records and legal agreements with customers, which may also have affected the data of its customers’ customers. “The scope, nature and magnitude of any such impact remains under investigation by the company and […]
JPMorgan Chase said Tuesday that fourth-quarter profit rose 9% on an adjusted basis as the bank continues to benefit broadly from a strong economy in both its consumer and investment banking divisions.The bank earned $13.03 billion, or $4.63 per share. The results include a one-time increase of 60 cents per share to results due to […]
CEOs of Wall Street’s top banks, JPMorgan Chase and BNY, expressed support for the independence of the US Federal Reserve on Tuesday, days after the Trump administration opened a criminal investigation into Fed Chairman Jerome Powell.The administration’s investigation into Powell this week drew condemnation from former Fed chiefs and criticism from key members of the […]
The S&P 500 and the Dow Jones hit record highs on Monday, with shares of technology companies and retailer Walmart rising and investors largely brushing aside concerns about the Justice Department’s criminal investigation into Federal Reserve Chairman Jerome Powell. Shares of Walmart rose 3%, boosting the S&P 500 and the Nasdaq, where the retail giant […]
The announcement – made at a JPMorgan Chase-sponsored Axios event in Atlanta where policymakers, business leaders and community groups discussed housing issues and solutions – builds on the company’s $5 billion in debt and equity already provided for affordable housing through the first three quarters of 2025. The initiative focuses on strategies such as innovative […]
JPMorgan Chase on Tuesday raised its full-year forecast for net interest income, after strong performance in its trading and investment banking businesses helped it beat expectations for third-quarter earnings. Economic resilience despite the risks of a rate war and hopes of rate cuts in the US have prompted companies to make big deals and consider […]
U.S. stocks closed on a negative note Thursday as investors, lacking economic data or sentiment-driving catalysts, took the opportunity to consolidate ahead of third-quarter earnings season. The S&P 500 and Nasdaq eased back from Wednesday’s record highs, while the blue-chip Dow closed with the deepest percentage decline. “The earnings cycle is upon us and it […]
Key Takeaways Jamie Dimon is the CEO of JPMorgan Chase, the largest bank in the US In a new interview, Dimon said JPMorgan is saving billions thanks to its investments in AI. According to Dimon, AI has delivered “approximately $2 billion in benefits” to the bank. JPMorgan Chase, the largest bank in the US with […]
