#JPMORGAN News

99% of Americans will be financially worse-off than they were pre-pandemic by mid-2024, JPMorgan says
finance.yahoo.com None JPMorgan said the vast majority of Americans have burned through excess savings. • None It's likely that all but the top 1% of consumers will be worse off financially…

Spotify slashes staff to move faster into AI
cnn.com Spotify made a name for itself in the audio-streaming business through its hyper-personalized user experience, thanks to artificial intelligence and a team of 9,800 staffers…

Bitcoin’s bounce ‘still early innings’
finance.yahoo.com Bitcoin’s crypto winter appears to be thawing, bouncing to the $43,000-$46,000 range, up 159% from last December as tracked by Dow Jones Market Data Group. The upward move…

Wall Street Gets Ready to Cash In on $1 Trillion Climate Market
finance.yahoo.com As the carbon offset market gets a new lease on life from the COP28 climate summit in Dubai, bankers from Wall Street and the City of London are positioning themselves to…

Cramer: Why the rally in bank stocks is great for the entire market
cnbc.com Something unpredictable happened last week that is so positive I almost hesitate to write about it: The banks became extraordinary performers. The percentage gains for bank…

Future Trillion-Dollar Companies: 7 Stocks to Invest in Now
investorplace.com As 2024 unfolds, the spotlight falls on identifying the next trillion-dollar stocks. This elite club, currently consisting of six corporate giants at this time, symbolizes…

Snowden Blasts Elizabeth Warren as ‘Pro-Banker,’ Claims She ‘Rolls Over’ for JPMorgan Boss in Crypto Clash
news.bitcoin.com This week, the crypto community actively discussed Massachusetts Senator Elizabeth Warren’s remarks labeling crypto as a potential threat. Additionally, JPMorgan boss Jamie…

Inflation and the Fed: What to watch
finance.yahoo.com The last two major macro events of 2023 will greet investors in the week ahead. November's Consumer Price Index (CPI) report out Tuesday morning will offer the last piece of…

Weekly Recap: BlackRock amends ETF filings; Do Kwon & more
crypto.news Today’s weekly recap looks at the U.S. ETF race, as BlackRock and VanEck amend their filings. Also, Montenegro’s authorities are considering extraditing Terra’s founder,…

Global Rate-Cut Standoff Looms in 2023 Policy Finale
finance.yahoo.com From Washington to Frankfurt to London and beyond, central bankers are approaching their final decisions of the year against a backdrop of unease at how the global inflation…

Bitcoin’s Bull Run Should Remind Investors Not To Repeat Past Mistakes
forbes.com The recent bullish run by bitcoin and other cryptoassets are cause for celebration, but should not lead to the repeating of mistakes from past bull markets. With bitcoin…

US stocks rise even as bond yields jump after strong labor market data
finance.yahoo.com US stocks rise even as bond yields jump after strong labor market data Traders work on the floor of the New York Stock Exchange (NYSE) on October 20, 2023 in New York…

Crypto Weekly Roundup: Fidelity lists Spot ETF, JP Morgan Chief Lashes Out, And More
cryptodaily.co.uk Big week for crypto investors as Fidelity’s spot Bitcoin exchange-traded fund marked a significant achievement. On the other hand, the CEO of JPMorgan stirred up a…

Bitcoin Price Prediction: BTC Surges, Outshining Gold in 2023 Rally
cryptonews.com the flagship cryptocurrency, is currently trading at $43,850, marking a slight decrease of nearly 0.50% on Sunday. Despite this minor dip, Bitcoin’s performance this year…

UBS Group AG said to appoint Tommy Rueger as global co-head of equity capital markets By
investing.com UBS Group AG (SIX: ) has reportedly appointed Tommy Rueger as the new global co-head of equity capital markets, based in New York. Rueger will take on the role alongside…

Federal Reserve’s Balance Sheet Sees a Sharp Dip. What It Means
barrons.com The world’s largest central bank saw a substantial decline in its total assets over the past week, reducing the amount of money supply in the system. The Federal Reserve’s…

Novogratz: JPMorgan CEO Jamie Dimon Is Wrong About Bitcoin, ‘Supreme Arrogance’ to Dismiss Value
news.bitcoin.com Galaxy Digital CEO Mike Novogratz says JPMorgan CEO Jamie Dimon has been proven wrong about bitcoin. “I think it’s supreme arrogance to think he knows what has value but all…

JPMorgan Chase Accused of Shutting Down Account With No Warning and No Explanation, Rejecting Customer After 18 Years of Business
dailyhodl.com A man who says he’s banked with JPMorgan Chase for 18 years has gone viral after accusing the bank of terminating his account with zero warning or explanation. In a viral…

Traders brace for the final Fed meeting of 2023 in the week ahead as they look for clues on possible rate cuts
cnbc.com The last Federal Reserve meeting of 2023 is on deck in the week ahead, and investors will be keen to look for signals on when the central bank may start to cut interest…

Binance’s CZ must stay in US, Elon Musk seeks $1B for AI, and other news: Hodler’s Digest, Dec. 3-9
cointelegraph.com Binance founder CZ must stay in US until sentencing, judge orders Binance founder Changpeng “CZ” Zhao has been ordered to stay in the United States until his sentencing in…

There is Something Deeply Satisfying about Warren and Jamie Dimon
decrypt.co U.S. Senator Elizabeth Warren (D-Mass.) has called for the country's Bank Secrecy Act to be updated to address the "threat" of crypto. "What we need to do is we need to…

Whale Moves and Avalanche (AVAX) Profitability Spike Mean for Traders?
cryptodaily.co.uk Bitcoin's recent journey has been nothing short of a thrill ride, catching its breath after a sprint to almost $45,000 – a big leap from just $38,000 a week ago. In the…

Inflation and the Fed, and two portfolio earnings hold the keys to the market in the week ahead
cnbc.com Tech was back this week as Advanced Micro Devices unveiled its newest artificial intelligence chip and Alphabet released its latest AI model . Friday's rally pushed the S &…

Investors turning to NuggetRush, Avalanche, and Cardano
crypto.news an Ethereum-powered mining game, is gaining traction among investors. • On Dec. 2, 2023, Avalanche (AVAX) fell in Google searches before recovering. Despite institutional…

On The Record with Bruce Van Saun
semafor.com Semafor Business’ signature interview series, On The Record, brings you conversations with the people running, shaping, and changing our economy. Read my earlier…

XRP, AVAX, and the Next Big Thing: A Glimpse into Crypto’s Promising Future
coinpedia.org The post XRP, AVAX, and the Next Big Thing: A Glimpse into Crypto’s Promising Future appeared first on Coinpedia Fintech News TLDR Ripple returns 800 million of the 1…

JPMorgan is SECRETLY Buying Bitcoin!? Jamie Dimon Wants to SHUT DOWN Crypto
youtube.com Jamie Dimon says he would shit down crypto if he was the government, but JPMorgan is buying it in Europe? Today, rumors also ...

US Senator Calls for Light Crypto Regulation That Doesn’t Kill Innovation and Drive Companies Offshore
news.bitcoin.com A U.S. senator says Congress needs to regulate the crypto industry “with a light touch that doesn’t kill innovation in the U.S.” Noting that crypto “has the potential to…

Liz Warren Claims North Korea Funds Half Of Its Nuclear Weapons Program With Crypto
cryptonews.com Source: YouTube/Senator Elizabeth Warren Scathing crypto critic Elizabeth Warren (D-MA) is continuing to sound the alarm on Bitcoin’s role in terrorist financing – though…

A 'soft landing' or a recession? How each one might affect America's households and businesses
apnews.com The solid hiring revealed in Friday's jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a “soft…

Exxon Mobil is one of the most oversold names and could be primed for a bounce. Here are the others
cnbc.com Equities have stalled this week, putting the major averages on pace for a lackluster finish after notching five-straight weeks of gains. In particular, energy stocks notably…

Travelsist hopes its air travel concierge will take off from Atlanta
techcrunch.com If you are dreading to catch flights over the holiday season, you are not alone. Forget about marveling at the wonder that is flying; going through an airport is still very…

Stock analysts who got it wrong last year predict a soft landing in 2024
cbsnews.com What a difference a year makes. Heading into 2023, stock forecasters were predicting an imminent recession triggered by high interests would torpedo financial markets. As we…

AMD takes aim at Nvidia with new AI chips. Here’s what might be next for the stock
cnbc.com The latest artificial intelligence chips from Advanced Micro Devices may showcase the company's AI capabilities, but the chipmaker faces obstacles as it races to catch its…

Honeywell to buy security unit of Carrier for $4.95 billion
marketwatch.com Carrier Global Corp.’s stock was up by 4% Friday after it confirmed plans to sell its 1,200-employee security unit to Honeywell International Inc. for $4.95 billion. Carrier…

We don't have 'immaculate disinflation,' and markets are pricing in a Fed rate cut too early, JPMorgan asset manager says
aol.com None The economy isn't seeing "immaculate disinflation," and Fed rate cuts will come later than markets expect, JPMorgan asset manager said. • None Wage growth remains…

The Ratings Game: Lululemon’s stock heads for record high as bullish analysts shrug off soft guidance
marketwatch.com Lululemon Athletica Inc.’s stock rose 3.7% Friday to put it on track for a fresh all-time high, as analysts weighing in on third-quarter earnings were bullish despite soft…

Jamie Dimon Would "Close Down" Bitcoin If He Had Government Role
bitcoinnews.com Jamie Dimon Bitcoin sentiments stays unchanged, as he stands firm against Bitcoin and digital assets. His repeated criticism of digital assets, as the CEO of JPMorgan Chase,…

Canada’s bank regulator keeps capital buffer unchanged, says lenders have enough cushion to absorb losses
theglobeandmail.com Canada’s banking regulator maintained the capital cushion that the biggest banks must hold, bucking analyst and investor expectations after it hiked the buffer twice in the…

Holders in Profit Hit 2023 High of 76%
thecryptobasic.com has pulled a stunning comeback, per its on-chain address profitability with 76.6% of all wallets currently seeing a profit on their investments. According to data from…

3,200 startups that failed this year had raised $27 billion: PitchBook
businessinsider.com Just over $27 billion in venture funding was raised by startups that failed this year, per NY Times. • That figure is close to the amount raised by startups in the third…

J.P. Morgan Payments Processes Record Number of Transactions in Europe
pymnts.com J.P. Morgan Payments processed a record number of card-not-present transactions in Europe on both Black Friday (Nov. 24) and Cyber Monday (Nov. 27). The firm processed 18.2…

Gen Z is rooting for housing market crash
newsweek.com Gen Z is looking forward to a housing market crash, according to a new study from LendingTree. Housing prices reached their highest levels in two decades this year, pricing…

JPMorgan said a far-flung scenario could derail its bearish stock outlook for 2024. It looks like it may be coming true
markets.businessinsider.com JPMorgan's bearish 2024 stock market outlook could be derailed by a surge in small cap stocks. • Technical strategist Jason Hunter expects the S&P 500 to fall 23% by…

Dimon's Double Standards: JPMorgan CEO’s Crypto Bashing Unveils Bank’s Legal Skeletons
cryptodaily.co.uk Jamie Dimon's recent comments against cryptocurrencies have reignited tensions between traditional banking and the crypto industry. However, the cryptocurrency community's…

The daily business briefing: December 8, 2023
theweek.com Honeywell International has agreed to buy Carrier Global's security business for about $5 billion, The Wall Street Journal reported Friday, citing people familiar with the…

Need to Know: Investors might panic as inflation falls further
marketwatch.com Early action in stock-index futures shows a reluctance by traders to place fresh aggressively long bets ahead of Friday’s U.S. nonfarm payrolls report. To reignite the rally…

McDonald's continuing to lean into chicken
foxbusiness.com McDonald’s is going to further embrace chicken in what it called a "significant opportunity." The fast-food chain indicated it would do so for the protein category on…