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The Latest Breaking News from JPMorgan

The long shadow of Jeffrey Epstein forces a reckoning between JPMorgan and the US Virgin Islands

A sprawling lawsuit that pits the US Virgin Islands against JPMorgan Chase has entangled some of the world’s wealthiest and most powerful individuals, Bevan Hurley writes

The Independent UK

JP Morgan reaches settlement with Jeffrey Epstein victims

‘We all now understand that Epstein’s behaviour was monstrous’ JP Morgan said

Evening Standard

Dow Jones Rises Ahead Of Inflation Data, Fed Meeting; AMD, Amazon Rally On Price-Target Hikes

The Dow Jones rose Monday ahead of this week's inflation data and two-day Fed meeting. AMD and Amazon rallied on price-target hikes.

Investors Business Daily

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Market rally remind JP Morgan’s Bob Michele of the calm before Lehman collapse

The current market rally is reminiscent of the immediate relief following JP Morgan's purchase of Bear Stearns in March 2008, six months before Lehman collapsed.

Fortune

JPMorgan Chase reaches settlement with victims of Jeffrey Epstein’s abuse

Lawsuit claims that officials at the bank ignored warning signs about Epstein’s abuse because he was a wealthy client

The Guardian - US

JPMorgan Settles Class Action Lawsuit Brought By Jeffery Epstein Victim for $290 Million

"This settlement is in the best interests of all parties, especially the survivors who were the victims of Epstein’s terrible abuse," JPMorgan said.

The Street

JPMorgan reaches settlement with victims of late paedophile Jeffrey Epstein

Two parties have reportedly reached a $290m ‘agreement in principle to settle’ the lawsuit brought last November by women who were abused by Epstein

The Independent UK

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The mysterious millennial founder accused of fooling JPMorgan to the tune of $175 million

Charlie Javice hustled all her life, all the way to a deal to sell her startup Frank to the world’s biggest bank. Then it all fell apart.

Fortune

How two big Wall Street banks are rethinking the office for a post-pandemic future

From more air circulation to well stacked pantries, JPMorgan Chase and BNP Paribas are seeking to make the office a draw at a time when work-from-home is becoming commonplace.

WEKU

Boeing Leads 5 Dow Jones Giants Near Buy Points

Boeing is near a breakout and already actionable. It's one of five Dow Jones giants setting up near buy points.

Investors Business Daily

Netflix Stock Rises As Account-Sharing Crackdown Boosts Paid Subscriber Numbers

Netflix stock got its third price-target hike this week as Wall Street weighs the video streamer's crackdown on account-sharing.

Investors Business Daily

Epstein survivors write blistering letters to JPMorgan executives demanding they admit what they know

‘Does anybody at JPMorgan have a conscience?’ Courtney Wild asked in a personal letter to a senior bank executive

The Independent UK

JPMorgan assures investors Jamie Dimon has no plans to run for U.S. President—yet

One of the biggest questions on Wall Street is who can replace Dimon at the helm of the world's most valuable bank. Fortunately, it says he's not going anywhere.

Fortune

Dow Jones Futures: Character Change For Market; Oil Prices Pop On Saudi Output Cut

The market sent bullish signals last week. Crude prices jumped as Saudi Arabia cut output. Apple and Palo Alto have big news. Tesla is in a buy zone.

Investors Business Daily

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The Street

Elon Musk Takes a Stand on Target Boycott

The chain is at the center of a boycott campaign and hate attacks for offering a range of products in honor of Pride Month.

The Street

Elon Musk Warns Target About Its Support for LGBTQ+

The chain is at the center of a boycott campaign and hate attacks for offering a range of products in honor of Pride Month.

Investors Business Daily

Macy's Rallies, Dollar General Plunges On Results, Outlook; Target Receives Downgrade

Macy's, Dollar General slash outlooks on consumer spending weakness. Target fades further after downgrade. Nordstrom bounces on results.

Reuters

Ex-JPMorgan executive wrote Epstein 'should not be a client' in 2011 email -deposition

A former JPMorgan Chase Co executive wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon seen by Reuters.

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The Independent UK

JPMorgan CEO Jamie Dimon says he never heard of Jeffrey Epstein until after his 2019 arrest

JPMorgan CEO Jamie Dimon says he never heard about Jeffrey Epstein until he was arrested in 2019 and he was surprised by that

The Guardian - US

Barclays CEO Jes Staley contradicts JP Morgan chief’s claim they never discussed Epstein

Staley says that he communicated with Jamie Dimon about the convicted sex offender, in a lawsuit against the US banking giant

Investors Business Daily

OPEC+ Meeting: No Crude Production Change Seen Even As Oil Prices Fall

OPEC+ meets this weekend with oil prices sagging lower. Meanwhile, energy stocks dropped early Wednesday, with CVX and XOM both slumping.

The Street

Stocks Dip Ahead of Debt Ceiling Vote, Jobs Data, Jamie Dimon, HP Sales Miss, Salesforce Earnings on Deck - 5 Things To Know

Stock futures lower as debt ceiling deal heads for House vote; JOLTS jobs data in focus as Fed rate bets accelerate; JPMorgan CEO Jamie Dimon urges 'real engagement' between the U.S. and China; HP shares slide as softer PC demand clouds Q2 earnings beat and Salesforce earnings on deck as…

Fortune

No 'decoupling' between U.S. & China, says JPMorgan's Jamie Dimon

JPMorgan's CEO is currently in Shanghai for a series of conferences, in his first visit to mainland China since the COVID pandemic.

Fortune

U.S. CEOs like Jamie Dimon and Elon Musk travel to China as Sino-American relations worsen

Some of America's top business leaders are visiting China this week, even after the G7 called for a strategy to diversify away from China.

The Street

This Wall Street Giant Is Leaning on AI for Financial Advice

This AI chatbot augments – but doesn’t yet replace - human money managers.

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