#JPMorgan

.Washington D.C., DC, USA
JPMorgan previously made donations to multiple US politicians. (Photo Credit: Representative Image/Unsplash)

  • The donations were stopped after the January 6 riots
  • Several other companies took similar actions
  • Politicians who address "moral and economic imperatives" will receive the donations

.New York, NY, USA
Juventus, Barcelona and Real Madrid still refusing formally to capitulate. (Photo: Representational Image/Unsplash)

  • The proposed breakaway football tournament European Super League fell apart within 48 hours 
  • JPMorgan, the US investment bank, felt that the tournament's impact was 'clearly misjudged'
  • JPMorgan had agreed to financial back the tournament 

.New York, NY, USA
Commerce Department data showed prices grew less than expected at 0.2% in February. (Photo Credit: Representational Image/Pixabay)

  • The Dow Jones Industrial Average jumped 1.4% to 33,072.88
  • The S&P 500 gained 1.7% to 3,974.54
  • The tech-rich Nasdaq Composite Index gained 1.2% to 13,138.73

.New York, NY, USA
Tech stocks have been the hardest hit by the rise in bond yields. (Photo Credit: Representational Image/Pixabay)

  • Tech-rich Nasdaq Composite Index closed 0.8% higher at 13,215.24
  • Dow Jones Industrial Average closed 0.7% lower at 32,627.97
  • Broad-based S&P 500 lost 0.1% to close at 3,913.10

.New York, NY, USA
Major US indices expect Dow Jones declined (Photo Credit: Representational Image/ Unsplash)

  • The blue-chip Dow index edged to a fresh record
  • S&P 500 fell by 0.1% and closed at 3,909.88
  • Nasdaq took a major hit of 0.3% and closed at 13,972.53 

.Washington D.C., DC, USA
The stimulus package proposed by the US President is worth $1.9 trillion (Photo Credit AP / PTI)

  • The meeting included top executives from JPMorgan, Walmart, Gap and Lowe's 
  • Treasury Secretary Janet Yellen also attended the meeting
  • Biden said, "We're approaching this issue to see if we can find some common ground"

.New York, NY, USA
Violent protesters, loyal to President Donald Trump, storm the US Capitol in Washington. (Photo Credit: AP/PTI)

JPMorgan Chase has confirmed it will suspend all political funding in the wake of the violence at the US Capitol Building last week.

.New York, NY, USA
The US banking giant has sent a list of recommendations to President-elect Joe Biden.(Photo credit: AFP)

  • The US banking giant said the coronavirus pandemic was "straining families' economic mobility
  • They cited the August expiration of extra $600 weekly payments from the government to the unemployed
  • The bank also threw its weight behind other measures to address long standing racial inequality

.Washington D.C., DC, USA
JPMorgan Chase and Citigroup released earnings that showed a improvement from the last two quarters. (Photo Credit: Representational Image/Unsplash)

  • JPMorgan Chase reported $9.4 billion in profits
  • Citigroup reported a 34 percent drop in quarterly earnings to $3.2 billion
  • Shares of JPMorgan dipped 0.2% to $102.23, while Citigroup dropped 1.3% to $45.28

JPMorgan had set aside billions of dollars in bad loans in the last two quarters. (Photo Credit: Representational Image/Unsplash)

  • The bank reported $611 million in credit costs in the third quarter
  • Shares of JPMorgan rose 1.5% to $104.00 in pre-market trading
  • The results show the bank's commitment to "an inclusive economic recovery": Official