JPMorgan Chase & Co. (NYSE:JPM), the world’s largest publicly traded bank by market cap, has shared its market and stock predictions for 2023. The bank’s outlook on the economy is cautious, as it foresees the Federal Reserve raising the benchmark interest rates again in the near future. Inflation levels were flat in October, giving hope …
I despise the phenomenon of CEO virtue-signaling. It often feels insincere and leads to negative consequences. However, under the current circumstances, with Israel facing potential annihilation following a horrific terrorist attack, it may be a suitable time for such displays, even if they are performative. In an odd twist, corporate America has been unusually reserved …
In a momentous settlement, JPMorgan Chase will pay a hefty $75 million to finally close a dark and troubling chapter in its banking history. This payment resolves a lawsuit brought against the banking behemoth by the US Virgin Islands, which accused JPMorgan of wilfully ignoring the sex trafficking of young girls orchestrated by Jeffrey …
Shares of Arm, a chip designer owned by SoftBank, began trading on Nasdaq under the ticker symbol “ARM” after the completion of a $54.5 billion IPO listing. This IPO marks the largest in the US since Rivian in 2021. So, what was the inspiration behind Elon Musk’s design for Tesla’s Cybertruck? Based in Cambridge, UK, …
Carolyn Vigil, a veteran of the Big Tech industry, has faced the challenge of balancing her career with the responsibility of caring for her 23-year-old autistic son, Jax. While this delicate juggling act has never been easy, Vigil managed to navigate it with grace, even assuming the role of teacher when the pandemic forced schools …
Newly disclosed emails have shed further light on JPMorgan’s close relationship with convicted sex offender Jeffrey Epstein, revealing that the bank went out of its way to accommodate him and secure lucrative clients, including Google and its co-founder Sergey Brin. The US Virgin Islands, which has filed a lawsuit against JPMorgan, presented these emails in …
In a shocking revelation detailed in court documents filed by the US Virgin Islands, it has come to light that a top banker at JPMorgan sought assistance from Jeffrey Epstein during the Bernie Madoff Ponzi scheme crisis in 2008. The documents state that Mary Erdoes, who currently serves as the CEO of JPMorgan’s asset and …
Jeffrey Epstein, a notorious figure, introduced Google co-founder Sergey Brin to JPMorgan Chase, leading to a significant business relationship between Brin and the bank. Court files revealed that Brin became a client of JPMorgan in 2004 and invested over $4 billion. The banker responsible for the relationship, Robert A. Keller, shared in a memo that …
“Hurricane Jamie” Surpasses Expectations with $14 Billion in Profits JPMorgan made a surprising announcement on Friday, revealing that the banking giant had generated a staggering $14 billion in profit for the second quarter. This impressive performance defied CEO Jamie Dimon’s previously pessimistic economic predictions. In fact, the bank’s profits saw a substantial 67% increase from …
The US Virgin Islands has demanded that JPMorgan Chase pay a minimum of $190 million to settle a lawsuit that accuses the bank of neglecting Jeffrey Epstein’s sex trafficking activities. In a court filing on Friday, the territory stated that it seeks a $150 million civil fine from JPMorgan, along with at least $40 million …