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A Guide To Who Loves And Hates Cryptocurrency
Thursday, October 5, 2017 - 11:18am | 770Bitcoin, Ethereum and other cryptocurrencies have been some of the hottest investments in the world in recent years. This year alone, the Bitcoin Investment Trust (OTC: GBTC) is up more than 476 percent. But while some investors are going all in on cryptocurrency as the future of payments, other...
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Jamie Dimon: 'It's Almost An Embarrassment Being An American Citizen'
Friday, July 14, 2017 - 10:32am | 440While JPMorgan Chase & Co. (NYSE: JPM) beat second-quarter estimates Friday, the numbers come in spite of America’s political gridlock, said CEO Jamie Dimon. “It’s almost an embarrassment being an American citizen traveling around the world and listening to this stupid sh...
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JPMorgan Chase's $150 Million Detroit Investment: Repair, Revitalize, Reinvest
Tuesday, June 13, 2017 - 2:34pm | 1449As Detroit goes, so goes JPMorgan Chase & Co. (NYSE: JPM). The bank’s $150 million commitment to post-bankruptcy Detroit — dedicated to community and small business development, workforce readiness and neighborhood revitalization — is a sound investment, said Tosha Tabron,...
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JPMorgan Comments On Juno Therapeutics, Celgene
Wednesday, July 1, 2015 - 3:16pm | 537On June 29, Juno Therapeutics Inc (NASDAQ: JUNO) and Celgene Corporation (NASDAQ: CELG) announced a ten-year collaboration to develop new therapies for cancer and auto-immune diseases, specifically T cell therapies. Celgene will have the option to commercialize Juno’s programs outside North...
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U.S. Job Cuts Down 33% In May
Thursday, June 4, 2015 - 9:48am | 225Challenger, Gray, & Christmas, Inc. released its monthly job cuts report on Wednesday night. According to the release, planned job cuts by U.S. firms in May declined 33 percent from the previous month, falling to 41,034. This also marked a 23 percent year-over-year decrease. April's total of 61...
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Why Wal-Mart Is Investing In Shipping: JPMorgan Explains
Thursday, May 14, 2015 - 2:46pm | 389Wal-Mart Stores, Inc. (NYSE: WMT) announced recently that it is rolling out a free shipping service similar to Amazon.com, Inc. (NASDAQ: AMZN)'s Amazon Prime service, but at a price of $50 per year, which is almost half of what Amazon charges. Chris Horvers, JPMorgan Chase senior analyst,...
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GoDaddy Is Going Public And Its Ticker Symbol Will Be GDDY
Thursday, March 19, 2015 - 12:28pm | 332In times of few IPOs in the U.S., domain name registration and website hosting giant GoDaddy Inc. has filed for an initial public offering of at least 22 million Class A shares. The offering is expected to be priced between $17 and $19 a share, valuing the company at up to $2.87 billion...
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Fairpointe Capital Discloses A 7.2% Passive Stake In Time
Thursday, February 5, 2015 - 3:32pm | 272Time Inc (NYSE: TIME)'s stock is up about 0.8 percent on Thursday, after investment manager Fairpointe Capital LLC disclosed an increase in its exposure to the company. According to a Schedule 13G form filed with the SEC, the firm run by Ms. Thyra Emmy Zerhusen and Mr. Robert Samuel...
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FBR Raises Price Target On Mastercard
Friday, October 31, 2014 - 9:12am | 208Scott Valentin of FBR & Co reiterated a Market Perform rating on Mastercard Inc (NYSE: MA) following the company's third quarter results on Thursday. Mastercard earned $0.87 per share in its third quarter, topping Valentin's estimates by $0.10. The analyst noted that the beat...
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Global X Launches Two New Rules-Based ETFs
Monday, October 27, 2014 - 10:13am | 526ETF providers have been focusing this year on introducing new active and rules-based offerings designed to lower risk or enhance returns. With that goal in mind, Global X has recently launched two unique funds based on J.P. Morgan indexes. The Global X JPMorgan Efficiente Index ETF (NYSE: EFFE...
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Markets Mixed, NASDAQ Lower As Yellen Suggests Valuations Are Stretched
Tuesday, July 15, 2014 - 4:35pm | 2480U.S. stocks were mixed with the NASDAQ index declining after the Fed's Chief Janet Yellen suggested that some sectors are characterized by "stretched" valuations. In prepared remarks to the Senate Banking Committee, Yellen also claimed that interest rates could rise sooner and at...
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Market Wrap For May 12: Dow And S&P Close At Record Highs
Monday, May 12, 2014 - 4:37pm | 2248U.S. stocks rose as both the Dow and S&P 500 indices closed at record highs. With over 90 percent of S&P 500 companies reported earnings, investor focus has shifted to renewed merger and acquisition activity that provides a higher level of confidence that the economy is expanding. The...
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Market Wrap For May 5: Dow Erases Triple-Digit Loss, All Three Major Indices Positive
Monday, May 5, 2014 - 4:36pm | 2443U.S. stocks rose as investors found that the positives in the U.S. services sector outweighed concerns over an escalating conflict in Ukraine. The Institute for Supply Management said that its service-sector index rose to 55.2. Any reading above 50.0 indicates an expansion. Also, the index...
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Goldman Sachs And Others Still Face FHFA Suits
Tuesday, April 29, 2014 - 2:19pm | 632As headlines tout negotiations of a $13 billion mortgage settlement between Bank of America (NYSE: BAC) and JPMorgan Chase, it's important to remember other lawsuits are ongoing. Back in 2011, the Federal Housing Finance Agency sued 18 banks for securities fraud relating to mortgage backed...
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Weak Housing Data Reflects Reality: Housing In Trouble
Thursday, April 24, 2014 - 4:22pm | 1199Recent housing market data has been broadly negative. Despite some analysts blaming "'weather" or other causes that imply that really, just around the corner, housing will come roaring back, nothing in the data suggests that's true. Housing starts, mortgage applications, sales of existing...