JP MORGAN INTRODUCES NEW PRODUCT; WILL AID ITS CLIENTS TO GAIN INDIRECT EXPOSURE TO CRYPTOCURRENCIES

Highlights:

•        The products are aimed at giving JP Morgan’s clientele exposure to cryptocurrencies

•        The payments on the notes will be guaranteed by JPMorgan Chase Financial Comp...

US RECOVERY ON SPEED, ALL SET TO OUTPERFORM CHINA’S V-SHAPED REBOUND: JPMORGAN

Highlights

• As per the projections made JPMorgan, indications of resilience in global industry, a jump in American retail spending together with fiscal stimulus across the globe point to higher growth in the US

• JPMorgan said that the alignment of the US fiscal sti...

U.S. ECONOMY WILL CONTRACT AGAIN WARNS JPMORGAN

Highlights

• According to JPMorgan, this COVID-19 resurgence will derail the US economic recovery and the economy is about to shrink

• “This winter will be grim and we believe the economy will contract again in the first quarter” wrote JPMorgan economists...

WE MUST RESPECT THE RESULTS AND COME TOGETHER: JPMorgan CEO ON BIDEN VICTORY

Highlights

• The crippling U.S. economy at present desperately needs another fiscal stimulus and is hoping a lot from the 46th U.S. President Joe Biden

• Dimon said “Now is a time for unity. We must respect the result of the U.S. presidential election and, as w...

JPMorgan: MOST OF CONSUMER UNIT WORKERS TO CONTINUE WORKING FROM HOME UNTIL 2021

Highlights

• JPMorgan’s community banking unit, which operates primarily in the U.S. has maximum number of employees as compared to other divisions and it has total 122,089 employees

• According to the reports, JPMorgan in its directive communicated to staff in...

WORK FROM HOME IS THE NEW NORMAL & WORKERS ARE OK WITH IT

Highlights

• One of the leading investment bank JPMorgan has asked its most senior sales and trading staff to join office by September 21

• According to a recently conducted survey by Wells Fargo/Gallup, out of total 1,094 US workers surveyed in the month of August, ...

NOKIA LOSES VERIZON 5G CONTRACT WORTH $6.64 BILLION TO SAMSUNG

According to the reports, the South Korean technology giant Samsung has managed to secure a contract to supply new 5G equipment to Verizon in the United States. Nokia, who was the closest to win this contract will be suffering the most after this outcome. 
After the exit of Chinese te...

JPMORGAN: ECONOMIC RECOVERY HAS BEEN NEUTRAL SINCE MID-JUNE

Highlights

• Their chart reflects spending has been roughly 10% or more below its 2019 levels
• It has been for over a month after rising sharply from late-March and early April

The consumer spending data from JPMorgan provide insights o...

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The Saudi gathering nicknamed "Davos in the Desert" returned a week ago — and so did a significant number of the Wall Street A-listers who boycotted it a year back, said Mohamad Bazzi at The Guardian. Administrators and political pioneers evaded a year ago's luxurious speculat...

India' s requirement is customer request and now

A since quite a while ago held the conviction of investigators in India is that the economy is supply-obliged. The request isn't even worth a commentary, while a transitory press in the onion showcase merits fixation since it could be inflationary. It's undeniably evident that this view i...

JPMorgan on Bonds

Bonds have been rising in popularity, and we have seen a considerable offering of bonds in the international markets by massive firms and the nations too who are planning to increase their borrowing capacity in lieu of long term bonds and have been offering some amazing yield, and there is a sure...

JPMorgan bullish on US economy

The United States economy has been seeing some major mixed perspectives that have been governing the way the economy is seen in the recent time of global crisis that all the nations are facing. The United States economy has been impacted by the bilateral trade spat with China, the impeachment of ...

Banking set to see new reforms this week

The banking sector of the United States is set for a record changing week as the nation moves towards the outcome of major reforms in the banking sector. The banks of the United States are now trying to lure international markets in order to get the revenue flowing as the internal US spending has...

JP all set to grow and trade

Shares of JP Morgan Chase & Co. (JPM) ended the trading day Friday at $116.14, representing a move of 1.69%, or $1.93 per share, on the volume of 15.07 million shares.

JPMorgan Chase is one of the largest and most complex financial institutions in the United States and also in the r...

Hedge Fund Third Point LLC Plans to take Stake in Sony

Daniel Loeb’s hedge fund Third Point LLC is reportedly building a stake in Sony Corp. (NYSE: SNE) to push for changes that include shedding some businesses, marking the second time in six years it has targeted the Japanese electronics maker, according to Reuters, citing people familiar with the matt...

GE Shares Fall after JPMorgan Downgrade

General Electric Company (NYSE: GE) shares edged lower on Monday after J.P. Morgan analyst downgraded the Company. GE shares fell by 6.6% early Monday morning. J.P. Morgan investigator Stephen Tusa downsized GE offers to underweight from impartial and cut his year value focus to USD 5 from USD 6 ...