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Updated: 2 hours 7 min ago

Jamie Dimon says JPMorgan Chase should absolutely be 'scared s---less' about fintech threat

Fri, 01/15/2021 - 11:20
Dimon's blunt assessment was in response to questioning from analysts who pointed out the rich, tech-like valuations of fintech players.

Fed's Rosengren voices support for Biden stimulus proposal

Fri, 01/15/2021 - 10:54
Rosengren said he was comfortable with the action despite a nearly $2 trillion price tag that will take the government deeper into the red.

Stocks making the biggest moves midday: Poshmark, JPMorgan, Wells Fargo, Zoom, Spotify & more

Fri, 01/15/2021 - 09:12
Check out the companies making headlines in midday trading.

Man makes last-ditch effort to recover $280 million in bitcoin he accidentally threw out

Fri, 01/15/2021 - 07:39
A British man who accidentally threw out a hard drive with a trove of bitcoin wants local city officials to let him search for it in a landfill site.

Biden’s $400 unemployment boost would replace 86% of lost wages for many workers

Fri, 01/15/2021 - 07:03
President-elect Joe Biden's $1.9 trillion Covid relief plan would raise jobless benefits by $400 a week, replacing 86% of lost wages for the average person.

Wells Fargo shares slide after fourth-quarter revenue falls short of expectations

Fri, 01/15/2021 - 06:08
Wells Fargo's Q4 EPS of 64 cents exceeded Refinitiv's estimate of 60 cents, but revenue of $17.93 billion fell short of the $18.127 billion forecast.

Citigroup beats analysts’ profit estimates as bank releases money set aside for loan losses

Fri, 01/15/2021 - 05:22
Weeks before she's set to take over for Mike Corbat, Jane Fraser is expected to address investors and analysts for the first time on Friday.

JPMorgan beats profit estimates on better-than-expected credit, record trading revenue

Fri, 01/15/2021 - 05:05
JPMorgan Chase's fourth-quarter earnings per share of $3.79 beat the Refinitiv estimate of $2.62.

Stocks making the biggest moves in the premarket: JPMorgan Chase, PNC Financial, Disney & more

Fri, 01/15/2021 - 04:56
The stocks making the biggest moves in premarket trading include JPMorgan Chase, PNC Financial, Disney, and more.

My highest conviction call is investors are underestimating the strength of earnings season, Ally Invest's Lindsey Bell says

Thu, 01/14/2021 - 15:52
Ally Invest's Lindsey Bell believes the bar is set too low for fourth-quarter results.

Biden unemployment plan: $400 weekly boost, extra benefits for six months

Thu, 01/14/2021 - 14:00
President-elect Joe Biden's $1.9 trillion economic package, the American Rescue Plan, would extend and increase unemployment benefits through September.

Healthtech firm Accolade is buying telemedicine start-up 2nd.MD for $460 million, sources say

Thu, 01/14/2021 - 13:35
Just as the digitization of finance has attracted billions in investment and a flurry of M&A, health tech has seen a surge in interest during the pandemic.

Powell sees no interest rate hikes on the horizon as long as inflation stays low

Thu, 01/14/2021 - 11:08
Powell affirmed his commitment to keeping interest rates low for the foreseeable future even as he expressed hope for a strong economic recovery.

Watch Fed Chair Jerome Powell live in a Q&A on the economy

Thu, 01/14/2021 - 09:59
Federal Reserve Chairman Jerome Powell speaks Thursday in a virtual chat hosted by the Princeton University Bendheim Center for Finance.

Extra unemployment benefits won’t be available to some workers for weeks

Thu, 01/14/2021 - 09:30
Some states, like Virginia, Oklahoma and Texas, won't be able to issue additional funds from the Covid relief law to certain workers for several weeks.

Crypto investment firm Grayscale sees 900% jump in assets to $20 billion amid bitcoin frenzy

Thu, 01/14/2021 - 06:48
Grayscale's Bitcoin Trust became a popular, publicly traded way for investors to get exposure to cryptocurrency without owning the coins themselves.

Stocks making the biggest moves in the premarket: GameStop, Tesla, Nordstrom & more

Thu, 01/14/2021 - 04:49
The stocks making the biggest moves in premarket trading include GameStop, Tesla, Nordstrom, and more.

Saudi Arabia's open banking plans could 'revolutionize' opportunities for fintech

Thu, 01/14/2021 - 00:52
The move could open the market to numerous fintech services, spurring competition and increasing users' options when it comes to managing their own finances.

China reports first Covid death in more than six months as WHO investigators arrive

Wed, 01/13/2021 - 23:06
Mainland China reported Thursday the first new death from Covid-19 since May 2020 as authorities try to control a spike in cases just outside of Beijing.

Stock futures rise following Wednesday’s slight gains

Wed, 01/13/2021 - 16:51
U.S. stock futures rose on Wednesday night as traders kept an eye on interest rates and lingering turmoil in Washington.


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