Stocks rose on optimism over a potential US-Iran peace deal, with the S&P 500 recovering losses from the Iran war. JPMorgan Chase and Citigroup reported strong quarterly earnings, beating revenue and profit expectations, though JPMorgan lowered its 2026 net interest income forecast. Oracle's investment in Bloom Energy surged after expanding their partnership, boosting Bloom's shares. Meanwhile, Delta Airlines announced enhanced premium suites for long-haul flights starting in 2027, aiming to attract wealthier customers. Political developments include resignations of two US Congress members amid scandals, as parties prepare for midterm elections.
JPMorgan Chase CEO Jamie Dimon announced a $24 million initiative to revive American shipbuilding, including $18 million in loans and investments and $6 million in grants. The funds will support a new submarine manufacturing facility at the Philadelp...
The FTSE 100 dropped 23 points to 10,506, pressured by mining stocks reacting to China's slower-than-expected 4.3% GDP growth in Q2, its weakest in three years. European markets also declined, while US futures rose, led by tech. PayPal shares surged ...
Morgan Stanley will report its second-quarter earnings before the market opens on Wednesday, with analysts expecting earnings per share of $2.94 and revenue of $19.64 billion. The firm is anticipated to benefit from increased trading and investment b...
Jim Cramer stated that today's stock market is far from the dot-com bubble era, highlighting lower valuations, cooler inflation, and strong corporate earnings as key differences. Despite some speculative stocks like SpaceX, these are outliers and do ...
Goldman Sachs and JPMorgan Chase reported record quarterly revenues, boosted by increased equities trading and investment banking linked to the global AI boom. AI is driving demand for financing across sectors, including data centers and infrastructu...
