JPMorgan Chase & Co

U.S. fiscal policy is undermining the Fed’s efforts to fight inflation

Inflation remains the top issue on investors’ minds, with many trying to determine when the relentless rise in prices will stop and whether the Federal Reserve’s aggressive interest rate hikes to try to halt the spiral will engineer a so-called soft-landing for the economy — or, instead, send us into a deep recession. Indeed, your …

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Treasury yields rise as curve remains inverted; investors watch Fed

U.S. Treasury yields were slightly higher on Monday, but a key yield curve remained inverted, with investors assessing the Federal Reserve’s likely policy move next week.At around 6:04 a.m. ET, the yield on the benchmark 10-year Treasury note climbed to 2.963% while the yield on the 30-year Treasury bond was up at 3.117%. Yields move …

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JPMorgan (JPM) 2Q 2022 earnings

JPMorgan Chase said Thursday that second-quarter profit slumped as the bank built reserves for bad loans by $428 million.Here are the numbers:Earnings: $2.76 a share vs the $2.88 per share estimate of analysts surveyed by Refinitiv. Revenue: $31.63 billion, vs. $31.95 billion estimateProfit declined 28% from a year earlier to $8.65 billion, or $2.76 a …

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European markets open to close as investors digest U.S. inflation data

LONDON — European stocks were trading lower on Thursday as global markets digest the latest U.S. inflation data.The pan-European Stoxx 600 index were trading 1% lower with most sectors in negative territory apart from travel and leisure stocks.European stocks closed lower Wednesday as investors reacted to hotter-than-expected U.S. inflation data. The consumer price index, a …

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Crypto firm Voyager Digital files for Chapter 11 bankruptcy protection

Voyager said it has roughly $1.3 billion of crypto on its platform and holds over $350 million in cash on behalf of customers at New York’s Metropolitan Commercial Bank.Justin Sullivan | Getty ImagesBeleaguered crypto brokerage Voyager Digital has filed for Chapter 11 bankruptcy protection, becoming the latest casualty of chaos in digital asset markets.Voyager commenced …

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Treasury yields fall as traders track economic data, Fed remarks

U.S. Treasury yields slipped Wednesday as investors continue to assess the economic outlook amid rising recession fears.At around 5:48 a.m. ET, the yield on the benchmark 10-year Treasury note was down at 3.173%, while the yield on the 30-year Treasury bond dropped to 3.285%. Yields move inversely to prices.As the second quarter draws to a …

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