Earnings boom is expected a year after pandemic-driven skid
Wall Street is gearing up for a slew of blockbuster earnings over the next few weeks as companies issue their results for the April-June quarter.
Digital payment processing service Stripe hires law firm to help prep possible IPO
Reuters is reporting exclusively that digital payments processor Stripe Inc, the most valuable U.S. technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations, according to people familiar with the matter.
Wells Fargo scraps personal lines of credit
Wells Fargo is making big changes to personal lines of credit.
Cash-laden companies are on a mergers and acquisitions spree
Businesses spent $1.74 trillion on mergers and acquisitions involving U.S. companies during the first six months of the year—the highest amount in more than four decades—as finance chiefs tapped into cheap funding options to acquire technologies, services and other assets.
SEC charges JPMorgan unit Neovest for operating as unregistered broker-dealer
The Securities and Exchange Commission said it has charged Neovest Inc., a JPMorgan Chase & Co. unit that provides an electronic-trading platform, for operating as an unregistered broker-dealer.
Venmo raising and adding fees
Venmo will soon be adding fees for some previously-free services and hiking existing fees on others, the mobile transaction service informed its customers.
Goldman to open Dallas campus, second largest after NY: report
Goldman Sachs is reportedly in advanced talks to open a major campus in the Dallas, Texas, area, that is expected to be larger than all its U.S. hubs save for the Wall Street investment firm's Manhattan headquarters.
Big banks hike dividends after passing Fed's stress test
Several major American banks announced dividend boosts on Monday, days after the Federal Reserve said all big lenders passed their stress test and lifted the heightened restrictions imposed due to COVID-19.
UBS plans hybrid work model for two-thirds of employees
UBS Group AG will permanently allow up to two-thirds of its employees to utilize a hybrid schedule that includes both working at home and going into the office.
S&P books record as Fed's preferred inflation measure surges by most since 1992
The S&P 500 rallied to a record high Friday as investors grappled with the hottest annual reading of the Federal Reserve's preferred inflation measure in nearly 30 years.
Banks pass Fed’s stress tests results with flying colors
The Federal Reserve has blessed the nation's largest banks with a clean bill of health paving the way for a flood of dividends and buybacks.
JPMorgan bringing back employees to office regardless of COVID-19 vaccine status
JPMorgan Chase is ready to bring employees back to the office even if their vaccine passport isn’t stamped.
JPMorgan buys stake in Robert Kraft's sports-data company
JPMorgan Chase has bought a stake in the analytics company that helped make New England Patriots owner Robert Kraft a sports mogul.
Bank of America, Wells Fargo eye dividend boost as Fed’s stress tests loom
Passing the Fed's stress tests will allow big banks to unleash billions to buy back stock and boost dividends.
Lordstown Motors executives sold stock ahead of reporting results and before troubles came to light
Top executives at Lordstown Motors Corp. sold off more than $8 million in company shares over a three day period, raising questions surrounding the company's internal controls.
JPMorgan, UBS, Wells Fargo to allow US employees take day off for Juneteenth
JPMorgan Chase & Co will give its U.S. employees one floating day off for the newly implemented Juneteenth federal holiday, according to an internal memo seen by Reuters.
JPMorgan CEO Dimon sees inflation uptick
Jamie Dimon gives his take on inflation, interest rates, and the U.S. consumer.
Amazon reviewing bids to replace JPMorgan as credit card partner
E-commerce giant Amazon.com Inc is fielding bids to replace U.S. lender JPMorgan Chase & Co as the issuer on its co-branded credit card portfolio, a person familiar with the matter told Reuters.
Crypto needs regulation, but it doesn’t need new rules
Cryptocurrency is becoming the preferred form of payment for hackers, prompting many concerns around the U.S. regulatory system and the risks between too much regulation vs. too little.
Some on Wall Street try options trade to bet against AMC without getting burned
Some Wall Street traders are betting against another massive rally in AMC Entertainment Holdings Inc and other "meme" stocks this week through a type of wager in the options market that would limit their losses should retail investors behind the run-up prove them wrong.