JPMorgan Chase & Co. has set up a dedicated sports investment banking team as Wall Street banks battle for fees in an increasingly competitive corner of the mergers and acquisitions market. The US bank has appointed Eric Menell and Gian Piero Sammartano to co-lead the new sports investment banking coverage group, according to an internal … Read more
Good morning. China sets its growth target, JPMorgan’s top market strategist warns about a US stock market bubble, and AMD runs into a roadblock in selling AI chips to China. Here’s what people are talking about. China set its annual growth target at around 5%, raising expectations for the nation’s top leaders to unleash more … Read more
From one corner of JPMorgan Chase & Co., the bank’s stock-averse chief market strategist, Marko Kolanovic, has issued a consistent drumbeat of warnings about stretched technology valuations and the risk that high interest rates will stall the global economy. Over at the bank’s trading desk, they’ve reached a different conclusion: It’s a good time to … Read more
JP Morgan Chase & Co. Market Update: JPM, WBA, QSRStocks were mixed on Friday after briefly rising following new inflation data. The PPI fell 0.1% in December, following a 0.1% decrease in November and 0.4% decrease in October. However, oil prices jumped today after the U.S. and British forces struck several Houthi targets in a … Read more
The rally in stocks driven by the Federal Reserve’s dovish tilt and bets on a soft economic landing lost a bit of steam Thursday amid speculation the market has run too far, too fast. After a surge that put the S&P 500 within a striking distance of its all-time high, the gauge saw a small … Read more
Argentina devalued the peso by 54% and announced a swath of spending cuts as the first steps of President Javier Milei’s shock-therapy program, moves welcomed by the International Monetary Fund. The newly inaugurated administration weakened the official exchange rate to 800 pesos per dollar, Economy Minister Luis Caputo said in a televised address after the … Read more
For most of us, weight loss is a positive. For an economy, not so much. New analysis showing that China’s global heft has declined for the first time since 1994 illustrates why its chances of overtaking the US economy are increasingly in doubt. While the International Monetary Fund and others regularly cite China as the … Read more
Stock Market Today: Dow, S&P Live Updates for November 9 Bloomberg Source link
Programming note: Money Stuff will be off tomorrow, back on Monday. One thing that JPMorgan Chase & Co., one of the world’s biggest banks, wants to do is lend money to big corporate and private equity clients. In many ways, JPMorgan seems well suited to doing this: As a giant bank with more than $3 … Read more
Markets have grown more pessimistic about the outlook for US economic growth, and if that continues in a substantial way it may offer a chance to buy stocks, according to Goldman Sachs Group Inc. The under-performance of cyclical equities this month signals concern that the recent tightening of financial conditions will stymie economic growth, Goldman … Read more