As earnings seasons approached, investors flocked to financial stocks on anticipation that the high hopes for the sector would come true. So far, it’s been an expensive losing bet. Bank shares slumped Friday in an early but important round of profit reports. JPMorgan Chase, Wells Fargo and Citigroup — Nos. 1, 3 and 4 in […]
Read moreMarkets are a little too calm, at least as far as Wall Street is concerned. JPMorgan Chase and Citigroup reported lower trading results for the second quarter and the signs aren’t pointing to a rebound in the fall. Bankers had already warned in recent weeks that revenue from bond and stock trading would be lower […]
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Google just made it incredibly easy to back up everything on your computer with its new “Backup and Sync” tool for PC and Mac. Backing up is important — you’ve heard it a thousand times — but Google’s new solution also makes it easier to access your files on the go, or from a new […]
Read moreJPMorgan Chase CEO Jamie Dimon expressed frustration at the U.S. federal government during the company’s earnings conference call Friday. “It’s almost an embarrassment being an American citizen traveling around the world and listening to the stupid s— we have to deal with in this country,” Dimon said in response to an analyst question. “Since the […]
Read moreJPMorgan Chase CEO Jamie Dimon had some critical words Friday for reporters overly scrutinizing the bank’s second-quarter report. “Who cares about fixed income trading in the last two weeks of June? I mean seriously?” the bank executive said on a call with journalists following the firm’s second quarter earnings report. “That is the weather. It […]
Read moreUber’s rival in Southeast Asia could be getting a huge influx of money from some powerful investors. Softbank is considering investing in Singapore-based ride-hailing company Grab, according to outlets like The Wall Street Journal and Bloomberg. Grab could be raising between $1.5 billion to $2 billion, various reports have estimated. Chinese ride-hailing giant Didi Chuxing […]
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PILOTS are taught that a too-hard landing is better than a too-soft one. A plane can absorb more shocks than one might think, but a runway is only so long. But when it comes to Brexit Britain’s government seems to differ. And as the deadline for Britain’s secession from the European Union approaches, the spectre […]
Read moreAnother member of Congress is urging fellow lawmakers to take a closer look at Amazon and its $14 billion bid to buy Whole Foods. As the Trump administration prepares to review the merger, the top Democrat on the House’s leading competition committee is pushing for a hearing, arguing that Amazon’s newest gambit in the grocery […]
Read more“You sound cute, got a picture?” “Nicole, your [sic] beautiful, are you single?” “I love you, Jen.” Those may sound like messages from a dating app, but they’re actually real emails people have sent to customer service representatives at places like car dealerships, insurance companies and education firms. The problem: Those customer service reps aren’t […]
Read moreShares in US-listed steel companies rose sharply late on Thursday after Donald Trump accused China of dumping cheap steel in the American market and was considering imposing both tariffs and quotas on imports. The rally was part of a longer-run increase for the industry, which has been awaiting a US Department of Commerce report that […]
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