Saudi cuts can include voluntary cuts The biggest reduction since the pandemic Oil drops due to high Fed rates and weak economy DUBAI (Reuters) – OPEC+ will consider cutting oil production by more than 1 million barrels per day next week, OPEC sources said on Sunday, in what would be the biggest move so far since the spread of the COVID-19 pandemic. Addressing the weakness of the oil market. The meeting will take place on the fifth of October against the backdrop of falling oil prices and months of severe market volatility, which prompted Saudi Arabia, the largest producer in OPEC +, to say that the organization may reduce production. OPEC+, which includes OPEC countries and allies such as Russia, has refused to increase production to lower oil prices despite pressure from major consumers, including the United States, to help the global economy. Register now to get free unlimited access to Reuters.com Register However, prices fell sharply in the last month due to concerns about the global economy and the strengthening of the US dollar after the Federal Reserve raised interest rates.
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Hollis Johnson/Insider One of Wall Street''s biggest bulls is highlighting two big risks that loom for the stock market. JPMorgan''s Marko Kolanovic said escalating Russia…
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JPMorgan Chase has underperformed the S&P 500 with a total decrease of almost 35% YTD. Read more to know why I rate JPM as a buy.
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The Federal Reserve Board will enlist six major U.S. banks in a pilot climate-risk analysis program, officials announced Thursday. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo will participate in the pilot as part of the Federal Reserve’s attempt to determine the financial risk associated with natural disasters and climate change. The…
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Over the mid term, Alibaba’s (BABA) share price has had a habit of moving in step with earnings revisions but during the past 3 months, this relationship has weakened. During the period, Alibaba’s forecast for adj EPS in FY2024 has been cut by 4%, yet the share price has dropped by 34%. Moving forward, how can this be corrected? J.P. Morgan’s Alex Yao has an idea. The analyst believes “sentiment-driven fund flow is the current key share price driver and revenue recovery is the key determinant of market sentiment.” That is a bit of problem, then.
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When it comes to remote work, the leader of one of the largest investment banks in the country is ready to cancel the Zoom calls.
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NEW YORK (AP) — You’ll no longer be able to store your precious coins, jewelry and paperwork at JPMorgan Chase & Co., as the bank has stopped opening new safety deposit boxes for customers. A spokesman for the bank said Chase decided late last year to stop offering new deposit boxes to customers as a “business decision” but declined to share specifics. Customers who have a box with Chase will be able to keep the box as long as the branch stays open, but they will not be able to open a new one at another location. Banks long stopped opening up cavernous branches with dozens of teller windows and a vault the size of a one-bedroom apartment. Reflecting the fact that customers may not enter a bank branch for months at a time, most branches are now designed to be small, with multiple ATMs, as well as breakout spaces so bankers can one-on-one interactions with customers when needed. Chase’s newest branches have not vaults for some time. Safety deposit boxes were never a highly profitable business for banks, often offered as an additional service to their most valued customers.
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The 19th National Congress of Communist Party of China was held in 2017. Simon Song/South China Morning Post via Getty Images The China Securities Regulatory Commission…
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Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan Chase (JPM), Morgan Stanley (MS) and Wells Fargo (WFC) have participated in the Federal Reserve Board''s pilot program…
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U.S. mortgage lender Fannie Mae on Thursday named Priscilla Almodovar, a former managing director at JPMorgan Chase & Co, as its chief executive officer effective Dec. 5. Almodovar will replace interim CEO David Benson, who took over the top job in May after former chief Hugh Frater retired. Almodovar is currently the CEO of Enterprise […]
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When it comes to remote work, the leader of one of the largest investment banks in the country told business leaders gathered at UNC he''s ready to cancel the Zoom calls.
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By Victoria Waldersee and Emma-Victoria Farr FRANKFURT (Reuters) - Porsche AG shares had a see-saw start on Thursday, after Volkswagen defied volatile markets to list the sports car brand at a valuation of 75 billion euros ($72 billion) in Germany''s second-biggest market debut. The shares closed at 82.50 euros ($80.74), returning to their issue price from the session high of 86.76 euros. Volkswagen priced Porsche AG shares the top end of the indicated range, and raised 19.5 billion euros via the listing to fund the group''s electrification drive. Cornerstone investors including Qatar Investment Authority, T. Rowe Price, Norway''s sovereign wealth fund and Abu Dhabi''s laid claim to 40% of the share offering. Some 25% plus one ordinary share went to the Porsche and Piech families via Porsche SE, Volkswagen''s largest shareholder which now has a blocking minority on the sportscar brand. The shares peaked at 86.76 in late morning. The share performance puts Porsche AG''s valuation at about 75.
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WASHINGTON, Sept 29 (Reuters) – The Federal Reserve announced Thursday that six of the nation’s largest banks would participate in a pilot climate scenario analysis exercise in 2023. Bank of America, Citigroup, Goldman Sachs , JPMorgan Chase, Morgan Stanley and Wells Fargo will undergo the exercise, which the Fed said will not have capital or […]
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Hi. I''m Aaron Weinman . Today I want to highlight Wall Street''s brightest young talents who are navigating the choppiest market conditions they''ve ever seen in their short careers. The rising stars list is a mammoth effort from Insider''s finance team that involved scrutinizing hundreds of nominations from banks, investment firms, and hedge funds, among other parts of the Street''s gargantuan apparatus. After months of interviews and countless rounds of fact checking, meet 25 best-in-class investors, traders, and dealmakers under the age of 35 , from firms like JPMorgan, BlackRock, and Apollo, among others. Insider''s Alex Morrell, Alyson Velati, Asia Martin, Carter Johnson, Dakin Campbell, Danielle Walker, Hayley Cuccinello, Rebecca Ungarino, and Reed Alexander talked to this year''s stars about their successes and challenges. If this was forwarded to you, sign up here . Download Insider''s app here . 1. Here is the latest crop of rising stars — Wall Streeters under the age of 35 who are pushing their teams to the top.
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JP Morgan Chase & Co. found using ticker (JPM) have now 24 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 165 and 117 calculating the average target price we see 136.63. Given that the stocks previous close was at 105.85 this is indicating there is a potential upside of 29.1%. The day 50 moving average is 115.63 and the 200 day MA is 130.88. The company has a market cap of $316,688m. You can visit the company''s website by visiting: https://www.jpmorganchase.com [stock_market_widget type="chart" template="basic" color="green" assets="JPM" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $408,778m based on the market concensus. JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
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JPMorgan Chase and on-demand food delivery provider DoorDash will launch a co-brand credit card on Mastercard''s network.
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JPMorgan is planning to double the headcount of its British digital bank Chase in the next two years as it looks to guzzle up market share from the UK’s fintech lenders.
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There are several large-cap stocks with dividend growth potential even as broad market conditions remain challenging. In general, large-cap stocks are ignored by investors in a bull market. However, funds flow into large-cap stocks once market sentiment turns bearish. The reason is that large-cap companies have earnings and cash flow stability. With the market correction, several large-cap stocks are also trading at an attractive valuation. Besides sustained dividend growth, I would expect healthy capital gains from these large-cap stocks. My focus is primarily on large-cap companies that are relatively immune to economic shocks. The cash flows, therefore, remain robust and provide headroom for dividend growth. There are cyclical businesses with an investment-grade balance sheet that continue to increase shareholder returns even during challenging times. Let’s talk about seven large-cap stocks with dividend growth potential. CVX Chevron $143.20 AZN Astra Zeneca $53.86 MO Altria $41.69 AAPL Apple $153.53 COST Costco $484.36 LMT Lockheed Martin $408.65 T AT&T $16.01 Chevron Corporation (CVX) Source: Jeff Whyte / Shutterstock.com From highs of $182, Chevron (NYSE: CVX ) stock has corrected by 22% as oil declines on macroeconomic concerns.
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JPMorgan''s digital bank Chase has reached one million UK customers a year after it started offering current accounts available via an app.
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It may not occur to investors to look for blue-chip sleeper stocks, since they don’t often think of blue-chips as “sleepers.” In tough times, seasoned investors seek comfort in the stability and safety that well-established robust companies can offer. Blue-chip businesses generate consistent earnings thanks to their vast resources, resilient business models, and strong brands. In addition, such businesses boast impressive track records of delivering strong returns over the long term, including consistent and growing dividend payments. In an environment where the benchmark S&P 500 index has lost a quarter of its value year to date, the market now offers a range of undervalued blue-chip stocks. Clearly, some of these businesses have been unfairly punished by the jittery market sentiment. Put another way, the recent decline in valuations of some of the leading blue-chip stocks represents a compelling buying opportunity for patient, long-term investors. These stocks are primed to provide robust capital returns when market sentiment reverses.
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The Globe and Mail published an article on Sept. 23 that discussed the terrifying — and highly profitable — journey of a bank stock . The bank in question was Royal Bank of Canada (NYSE: RY ), Canada’s largest company and arguably one of North America’s best bank stocks to buy. Although the article is behind a paywall — I’m a subscriber — I can give readers the gist of Globe contributor John Heinzl’s article. Heinzl assumes that an investor bought 10,000 Canadian dollars of Royal Bank stock on Sept. 21, 2002, and held it for the next 20 years, adding no additional contributions over the two decades. While it got hit on two occasions: Late 2008 into 2009 (financial crises) and March 2020 (Covid-19), it ultimately delivered an annualized total return of 12.45% over 20 years. Your 10,000 Canadian Dollars would be worth 104,618 Canadian dollars. The SPDR S&P 500 ETF Trust (NYSEARCA: SPY ) had an annualized total return of 9.7% over the same period, 280 basis points less. Canadian investors love their bank stocks because of the dividends.
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Wall Street Banks Facing $2 Billion Settlement For Failing To Monitor WhatsApp Use US Regulators are set to announce a massive settlement with Wall Street firms which failed to monitor employees using unauthorized messaging apps, sch as WhatsApp. According to Bloomberg , the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) could release the results of the investigation as soon as Wednesday, and fines of around $2 billion , according to a person with knowledge of the matter, along with a Bloomberg analysis of disclosures made by the world''s largest banks. The massive penalties come nearly a year after JPMorgan agreed to pay $200 million in fines to both regulators to settle charges that it''s Wall Street division allowed employees use WhatsApp and other platforms to circumvent federal record-keeping laws. The bank admitted to "widespread" record-keeping failures In July, Morgan Stanley admitted that it was nearing a settlement that would see it pay a $200 million fine - a figure that other large banks with similar lapses are also expected to pay.
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Financial Services giant JPMorgan Chase (JPM), food ordering platform DoorDash (DASH) and credit card network Mastercard (MA) have all partnered Tuesday to roll out a credit card…
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DoorDash Inc (NYSE: DASH ) shares are trading higher Tuesday morning. The company announced that it will launch a credit card in partnership with JPMorgan Chase & Co (NYSE: JPM ) and Mastercard Inc (NYSE: MA ). DoorDash and Chase, the largest co-brand card issuer in the U.S., announced plans to launch the first-ever DoorDash credit card, with Mastercard as the exclusive payments network for … Full story available on Benzinga.com
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DUBAI: Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has hired banks including Citi and JPMorgan to arrange a debut issuance of multi-tranche U.S. dollar-denominated green bonds, a document showed on Tuesday. Sources told Reuters earlier this month that PIF would issue the long-planned green bonds this month or in October. BNP Paribas, Citi, Deutsche Bank, Goldman Sachs and JPMorgan, mandated as joint global coordinators and active bookrunners, will organise investor calls starting on Tuesday. A debut issuance in tranches of five, 10 and potentially a longer-dated tenor will follow, subject to market conditions. The issuance will be under GACI First Investment Company and guaranteed by PIF. PIF has $608 billion in assets under management, according to an investor presentation seen by Reuters, not including the February transfer of a 4% stake in oil giant Aramco to the fund. “PIF is acting as the key vehicle to achieve KSA (the Kingdom of Saudi Arabia) green aspirations,” the presentation said, referring to an ambitious economic reform agenda to wean the economy off oil.
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These are seven of the best stocks to buy that can see substantial returns in the months ahead. Despite the ongoing worries on Wall Street, seasoned investors realize that there may be a bull market in some segments of the market even during these gloomy weeks. Fears of sticky inflation and recession led to many investors reevaluating their investments or pulling their money out of the stock markets altogether. As a result, the S&P 500 index has dropped 23% year to date, while the tech-heavy NASDAQ 100 has lost close to a third of its value. However, for investors who research further, there is always a chance to find the best stocks to buy in a hidden bull market. Including several of those shares could help boost the performance of investment portfolios despite the overall market chaos. Even in 2022, with interest rates hitting a 14-year high in the U.S. and stocks getting hammered, we are experiencing localized bull markets in the energy and utility sectors. For instance, the energy sector, overall, has returned around 18% since January.
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As people acclimatize to the new normal, it’s time to look at some vaccine stocks to sell. Instead of relying primarily on vaccines and antiviral drugs, the government let people manage infections. Once infected with the less fatal strain, Omicron, people would isolate themselves for a few days and then return to work. By shifting away from its reliance on drug companies, investors must recognize there are vaccine stocks that it’s time to sell. The government cut orders for vaccines and antiviral drugs, which already is hurting vaccine stocks. People realized that the vaccine specific to the Delta variant offered minimal protection against the current strains. As Omicron sub-variants emerge, health organizations will evaluate the effectiveness of bivalent vaccines first. Investors should brace for a sharp drop in vaccine and test kit sales. Those are the vaccine stocks to sell. In addition, companies that depend on antiviral sales risk underperforming. Still, their revenue drop is less severe.
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While investors might not desire anything less than the most exciting investment opportunities following the wild ride last year, 2022 may be the moment for Dow sleeper stocks to buy. After all, the companies listed in the Dow 30 didn’t get there as part of a fly-by-night operation. Though not commanding the most heart-pounding storylines, these blue chips have the potential to help keep your portfolio afloat in times of stress. Fundamentally, the Federal Reserve changed the broader monetary and economic paradigm. Rather than an accommodative framework which in many ways actively encouraged market speculation, the Fed now seeks to tighten monetary excesses. That’s deflationary, which incentives value over sheer growth. In this environment, here are seven of the best Dow sleeper stocks to buy that may outperform. HD Home Depot $267.20 WBA Walgreens Boots Alliance $32.76 JPM JPMorgan Chase $107.21 MRK Merck $86.40 IBM International Business Machines $122.42 PG Procter & Gamble $135.74 AXP American Express $137.96 Home Depot (HD) Source: Helen89 / Shutterstock.com Typically a steady hand among Dow sleeper stocks, home improvement retailer Home Depot (NYSE: HD ) printed an uncharacteristic amount of red ink so far this year, down a staggering 34%.
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JPMorgan Chase could be getting close to a major bottom, based on 50 years of cyclical price changes against gold mining leader Newmont. Read more here.
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[Editor’s note: “Buy the SoFi Stock Dip for 25X Gains in 10 Years ” was previously published in April 2022 . It has since been updated to include the most relevant information available.] There’s a lot of uncertainty in the market right now. But when I look at stocks, I see some huge opportunities . That’s exactly what uncertainty creates — opportunity. After all, historically speaking, the best times to buy stocks were during periods of peak uncertainty. This was true after the dot-com crash. It was true after the 2008 financial crisis. And it was true during the onset of the Covid-19 pandemic. Right now, it seems like another opportune moment where investors could make fortunes by simply abiding the acronym: B.T.F.D . If I’m right, then there are dozens of 10X — or even 20X — opportunities in the market today. But none are perhaps better than SoFi ( SOFI ) stock. In fact, over the next few years, SOFI stock can soar even more than 25X from current levels! SoFi Stock Bull Thesis For those who are unaware, SoFi is a personal finance app that’s trying to rewrite the rules of consumer banking.
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Hi. I''m Aaron Weinman . Roughly a dozen investment bankers said their farewells to Goldman Sachs on Friday. Senior associates and vice presidents in Goldman''s tech, media, and telecommunications team were handed pink slips in a further sign of strain on a Wall Street apparatus that is hamstrung by depressed dealflow, and suffering from a slowing economy and stubbornly high inflation. The cuts come after Goldman''s investment bank logged a 41% dip in year-over-year revenues in July. Denis Coleman, the bank''s chief financial officer, also reintroduced Goldman''s dreaded annual performance review , a process that helps the bank weed out underperforming individuals who are likely to be let go. Click here for the full story from Insider''s Reed Alexander and myself. If this was forwarded to you, sign up here . Download Insider''s app here . 1. Goldman Sachs has started wielding the axe at its investment bank. The cuts in the TMT division come on top of layoffs in the bank''s equity-capital-markets and leveraged-finance teams in Europe and ECM unit in Asia . "Every year globally we conduct a strategic assessment of our resources and calibrate headcount to the current operating environment," a spokesperson for the bank told Insider on Friday.
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JPMorgan Chase (JPM) and Goldman Sachs (GS) retained their first- and second-place spots in global Investment Banking revenue, while Bank of America Securities (BAC) moved up a level…
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Ferguson Wellman Capital Management Inc. grew its stake in JPMorgan Chase & Co. by 6.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange…
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Gateway Investment Advisers LLC boosted its position in shares of JPMorgan Chase & Co. by 7.4% in the second quarter, according to the company in its most recent 13F filing…
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Allied Investment Advisors LLC increased its position in JPMorgan Chase & Co. by 6.2% during the 2nd quarter, Holdings Channel reports. The firm owned 63,887 shares of the…
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Stokes Capital Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 1.0% during the second quarter, according to its most recent Form 13F filing with the…
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Chase CEO Jamie Dimon: "I''m a major skeptic on #crypto tokens which you call currency, like #Bitcoin. They are decentralized Ponzi schemes." Ouch. What do you think? pic.twitter.com/mdxiBQG2Xt
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The third quarter 2022 earnings season will be in full swing starting the second week of October when banking giants JPMorgan Chase, Wells Fargo and Citigroup will announce their financial numbers. We could, however, get some hints on the overall third quarter numbers to expect from the companies that will announce their earnings over the […]
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‘It’s Dangerous’—JPMorgan CEO Issued A Serious Bitcoin, Ethereum And Crypto Warning After Huge $2 Trillion Price Crash Forbes
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Ern LLC purchased a new position in shares of JPMorgan Chase & Co. during the 2nd quarter, according to the company in its most recent disclosure with the Securities and…
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Financial technology firm, AccessFintech has recently completed its $60 million Series C funding round. Led by WestCap, the investment round witnessed participation from financial giants like Bank of America and BNY Mellon. Since 2018, AccessFintech has secured a total of $97 million in funding. The fintech company is planning to use the funds to expand its operations with a focus on the expansion of collaborative data management network. In addition to WestCap, Bank of America, and BNY Mellon, the latest $60 million investment round also saw participation from Dawn Capital, JP Morgan, Goldman Sachs, and Citi Group. Kevin Marcus and Caroline Butler will join AccessFintech’s Board of Directors. Commenting on the funding round, Roy Saadon, CEO of AccessFintech, said : “We are fortunate to fuel our next stage of growth with partners that combine a highly regarded growth VC and global strategic investors. We share the vision of data being the catalyst for innovation and growth and the critical role AccessFintech plays as an essential provider of trusted data governance infrastructure.
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Futures Crash, Stocks At 2022 Lows; Yields, Dollar Explode As UK Stimulus Plan Sparks Global Market Panic One week after stocks suffered their biggest drop since June, futures are in freefall on Friday with the dollar soaring to the now default daily record high… ... 10Y yields exploding higher, surging more than 10bps so far today... ... in what appears to be the latest bond market flash smash which has pushed 10Y yields to the highest level since 2010... ... and S&P futures plunging over 1.4%, and the S&P set to open at a fresh 2022 low... ... with futures set to drop nearly 5% (or more) for a 2nd consecutive week, and down 5 of the past 6 weeks! Besides the soaring dollar, two other drivers contributed to today''s widespread market panic: first, the shocking UK mini budget saw the country''s new administration slash tax rates by the most since 1970s at a time when the country is about to enter recession and is battling with runaway inflation which crashed UK bonds and sent the pound tumbling to a 37 year low as markets priced in a more aggressive pace of tightening to offset the government’s growth plan, second, traders also freaked out over a Goldman research report which slashed the bank''s S&P price-target to just 3,600 from 4,300, making the bank one of the biggest bears on Wall Street.
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Hi. Aaron Weinman here. Performance reviews are back. Hiring has slowed. And Wall Street''s most influential chief executives from Goldman Sachs'' David Solomon to JPMorgan''s Jamie Dimon are ready to cull under-performing staff. It''s a shift from this time last year, when junior bankers scored significant pay bumps, dealmaking reached record-breaking highs, and investment bankers prepared themselves for some of the chunkiest bonuses they''d ever received. Per this story from Bloomberg, however, the layoffs should not be as severe as what Wall Street experienced after market crashes in 1987 and 2008. According to insiders, most of the cuts should be limited to underperformers in investment banking, who are really feeling the pinch of weak deal flow in equity capital markets and advisory services. As Insider has previously reported , mortgage-lending units are also exposed to job cuts. Before we get into that, however, it''s also time for our Banker of the Week ! If this was forwarded to you, sign up here .
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The content originally appeared on: CNN New York (CNN Business)JPMorgan Chase CEO Jamie Dimon testified on Capitol Hill Thursday for the second straight day. This time, he faced his longtime critic Sen. Elizabeth Warren . Warren began her line of questioning by asking how many instances of fraud had been reported to his bank from customers using Zelle, a popular payment platform jointly owned by a number of banks including JPMorgan. Zelle, Warren said, has helped boost bank profits while “defrauding” customers out of at least half a billion dollars. Consumers sent $490 billion through Zelle in 2021, of which an estimated $440 million were lost through fraud and scams, according to Early Warning Services, Zelle’s parent company. Warren said she had reached out to JPMorgan and other banks in July for an answer but had been “stonewalled” and received no information. Warren slams Jerome Powell over interest rate comments: ‘I’m very worried that the Fed is going to tip this economy into recession’ “You didn’t provide any of the information that we requested,” she told Dimon in the Senate hearing. “Is that because you don’t keep track of when your customers report fraudulent Zelle transactions?
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WASHINGTON D.C.: The chief executives of JP Morgan, Bank of America, Citigroup, Wells Fargo and other major U.S. retail banks were questioned this week by House Financial Services Committee and Senate Banking Committee lawmakers. The questions covered the wider economy, as well as the banker''s individual stances on abortion and fossil-fuel loans, payment fraud, diversity, mergers and access to bank branches.
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JPMorgan Chase & Co. (JPM)’s stock is trading at $111.75 at the moment marking a fall of -0.66% from the last session close. As of this writing, shares are priced at -35.39% less than their 52-week high of $172.96, and 5.36% over their 52-week low of $106.06. Based on the past 30-day period, the stock […]
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JPMorgan CEO James Dimon has doubled down from calling crypto fraud to calling crypto a "Decentralised Ponzi Scheme”
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In 2017, JP Morgan CEO Jamie Dimon took a shot at Bitcoin, saying the world’s most popular cryptocurrency “is a fraud.” At a gathering hosted by Barclays in New York, Dimon said, “It’s just not a real thing, eventually it will be […] The post JP Morgan CEO Jamie Dimon says “cryptocurrencies like bitcoin are decentralized Ponzi schemes” appeared first on Tech News | Startups News .
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This may be your best chance to find Dow stocks to buy on the dip, although that might not seem intuitive given the current market climate. Still, if you have a long time horizon and a reasonable risk outlook, this may be the time to not only stay in equities but to make opportunistic buys. Historically, the market has an upward bias, but the market doesn’t announce when it hits a bottom. The Dow is seen as a barometer for the broader economy, and since every component of the index pays a dividend, owning one or more of the Dow stocks can help smooth out the current market volatility. Furthermore, some of these Dow stocks to buy on the dip are beginning to reach more attractive valuations which means they will likely have significant upside when the market does reverse course. Apple (AAPL) Source: sylv1rob1 / Shutterstock.com When many investors consider Apple (NASDAQ: AAPL ) it’s due to its iconic iPhone. Not only does the iPhone command a significant market share, but it also carries a loyal following.
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