Stocks Halt Slide After Days of Virus Jitters: Markets Wrap

Stocks Halt Slide After Days of Virus Jitters: Markets Wrap

U.S. equities gained for the first time in five days as investors digested fresh evidence of the widening coronavirus outbreak. The dollar advanced. All three main American equity gauges were positive in the wake of more than 6% slide in the benchmark S&P 500 over the past two days. Ten-year Treasury yields still lingered near […]

Overhaul of Spy Law Widens Trump-Congress Rift and Shows GOP Divide

Overhaul of Spy Law Widens Trump-Congress Rift and Shows GOP Divide

Lawmakers are moving to overhaul U.S. surveillance powers for the first time in years, setting up a messy fight that could unravel political alliances and expose fractures within the Trump administration. Those tensions will be on display when the House Judiciary Committee meets Wednesday to open debate on legislation that would amend sections of the […]

Trump Demands Sotomayor Recusal Over ‘Inappropriate’ Dissent

Trump Demands Sotomayor Recusal Over ‘Inappropriate’ Dissent

Donald Trump demanded that Supreme Court Justices Sonia Sotomayor and Ruth Bader Ginsburg recuse themselves from future cases involving his administration after Sotomayor wrote in an immigration case that her conservative colleagues were too quick to clear the president’s policies. “She said some things that were obviously inappropriate,” Trump said of Sotomayor during a news […]

Caution Reigns in European Markets After Virus-Spurred Rout

Caution Reigns in European Markets After Virus-Spurred Rout

European markets extended losses from Monday’s rout as pessimism over the coronavirus’s impact showed no sign of easing. An early rebound in the region’s equities fizzled, with the Stoxx Europe 600 Index trading down 0.8% as of 10:37 a.m. in London as coronavirus cases jumped in Italy and Iran. Italian government bonds extended a drop, […]

U.S. Futures Advance as Europe Stocks Fluctuate

U.S. Futures Advance as Europe Stocks Fluctuate

U.S. equity futures rose on Tuesday while European shares fluctuated as the selloff that wiped out this year’s gains in global stocks showed signs of easing. Treasuries were steady and the dollar slipped. Contracts on all three major U.S. indexes rose, suggesting American markets are poised to claw back a fraction of Monday’s slump. Declines […]

Kobe Bryant’s Widow Sues Helicopter Operator for Fatal Crash

Kobe Bryant’s Widow Sues Helicopter Operator for Fatal Crash

Kobe Bryant’s widow sued the owner of the helicopter that crashed in California last month, killing the retired basketball legend, their 13-year-old daughter and seven others. The 72-page complaint was filed in Los Angeles County Superior Court as Vanessa Bryant was joined by thousands of mourners paying tribute to the former Los Angeles Lakers star […]

Warren Buffett Says Reaching for Yield Is ‘Stupid,’ But a Human Impulse

Warren Buffett Says Reaching for Yield Is ‘Stupid,’ But a Human Impulse

Warren Buffett criticized companies including life insurers that respond to low-interest rates by taking more risks, even as he acknowledged that the urge to seek better returns is normal. “Reaching for yield is really stupid, but it’s very human,” Buffett said Monday in an interview on CNBC. “People are reaching for yield, there’s no question […]

U.S. Stocks Look Set for Biggest Drop Since August: Markets Wrap

U.S. Stocks Look Set for Biggest Drop Since August: Markets Wrap

U.S. equity futures tumbled alongside stocks in Europe and Asia on Monday as concerns mounted about the ability of authorities to keep the coronavirus from spreading further beyond China. Havens including Treasuries and gold jumped. In a dramatic day across markets, these were some of the standout moves: Contracts on the three main U.S. stock […]

JPMorgan Chase & Co. Start, List of CEOs And Latest news

The Start Of  JPMorgan Chase & Co. J.P. Morgan & Co. was a commercial and investment banking institution founded by J. P. Morgan in 1871. The company was a predecessor of three of the largest banking institutions in the world — JPMorgan Chase, Morgan Stanley, and Deutsche Bank (via Morgan, Grenfell & Co.) — and […]

JPMorgan Says Rally in Treasuries May Be Nearing a Turning Point

JPMorgan Says Rally in Treasuries May Be Nearing a Turning Point

Treasuries may have one final rally before turning, according to technical strategists at JPMorgan Chase & Co. Sell signals triggered in U.S. equities may give rise to increased volatility and more appetite for the safety of fixed income before investors pull back, according to Jason Hunter and Alix Tepper Floman, who monitor data to discern […]

Tesla Rival Sets Out to Banish 160-Year-Old Lead Tech From Cars

Tesla Rival Sets Out to Banish 160-Year-Old Lead Tech From Cars

Your sleek new Tesla Model S or electronic BMW has a distinctly 19th-century feature that you may not be aware of, among its batteries. A company in Estonia wants to change that. Skeleton Technologies Group OU is working on supercapacitors, light-weight and long-life components that can distribute intensive bursts of power. These may help eliminate […]

Warren Buffett Says Precision Castparts Is Struggling With Production Issues; 737 MAX Shutdown Clouds Outlook

Warren Buffett Says Precision Castparts Is Struggling With Production Issues; 737 MAX Shutdown Clouds Outlook

Precision Castparts’ sales were flat in 2019 and the Portland company expects reduced demand for some products this year because one of its key customers, Boeing, has shut down production of its flagship 737 MAX line indefinitely. In his yearly letter to Berkshire Hathaway shareholders Saturday, Warren Buffett offered his most detailed look at Precision […]

Intelligence Community Feels Immediate Effect Of Trump’s Diplomatic ‘Disruptor’

Intelligence Community Feels Immediate Effect Of Trump’s Diplomatic ‘Disruptor’

The newly installed acting director of American spy agencies and loyalist to President Donald Trump, Richard Grenell, started his temporary incumbency by moving aggressively to put his stamp on the intelligence community that Trump has repeatedly attacked. Grenell ousted a veteran intelligence officer on Friday who served as the number two at the Office of […]

Philip Falcone Sued Over Alleged $65.8 Million Default, Warhol Painting

Philip Falcone Sued Over Alleged $65.8 Million Default, Warhol Painting

Philip Falcone, Former Harbinger Capital hedge fund manager was accused in a New York lawsuit of defaulting on $65.8 million in loans and violating the terms of lending agreements by selling two paintings used as collateral, including one by Andy Warhol. Melody Business Finance LLC sued Falcone in Manhattan state court Friday, claiming he and […]

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