10-year Treasury yield briefly hits highest level since November
U.S. Treasury yields were little changed on Tuesday to cap off a month of sharp gains, as traders weighed the prospects of tighter for longer monetary policy.The yield on the benchmark 10-year Treasury note was last lower by 1 basis point at 3.912%. Earlier, it touched a high of 3.983%, its highest level since Nov. […]
It has ‘lost a little bit of control of inflation’
JPMorgan Chase CEO Jamie Dimon said Thursday that containing inflation remains a work in progress for the Federal Reserve, while noting the U.S. economy continues to show signs of strength.”I have all the respect for [Fed Chair Jerome] Powell, but the fact is we lost a little bit of control of inflation,” Dimon said in […]
Dimon says Congress shouldn’t play games with U.S. creditworthiness
Jamie Dimon, President, CEO & Chairman of JP Morgan Chase, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 19th, 2023. Adam Galica | CNBCJPMorgan Chase CEO Jamie Dimon said Thursday that politicians should be serious about the debt ceiling as Congress remains locked in a political fight to increase the U.S. borrowing limit.”We should […]
JPMorgan Chase, Wendy’s and more
A sign is posted in front of a Wendy’s restaurant on August 10, 2022 in Petaluma, California.Justin Sullivan | Getty ImagesCheck out the companies making headlines in midday trading.JPMorgan – Shares of the biggest U.S. bank by assets rose more than 2% after the firm posted fourth-quarter profit and revenue that topped expectations. The New […]
JPMorgan, Virgin Galactic, Tesla and more
A person enters the JPMorgan Chase headquarters in New York, June 30, 2022.Andrew Kelly | ReutersCheck out the companies making the biggest moves in the premarket:JPMorgan — The bank reported fourth-quarter earnings and revenue before the bell that topped Wall Street expectations. However, it said a mild recession is now the “central case.” JPMorgan slid […]
Wells Fargo, once the No. 1 mortgage player, steps back from business
Wells Fargo is stepping back from the multitrillion-dollar market for U.S. mortgages amid regulatory pressure and the impact of higher interest rates.Instead of its previous goal of reaching as many Americans as possible, the company will now focus on home loans for existing bank and wealth management customers and borrowers in minority communities, CNBC has […]
Gold trades near 8-month high and analysts expect its rise to continue
Gold bars are displayed at a bullion merchant’s, Baird & Co., in London, U.K., on Friday, March 14, 2008.Graham Barclay | Bloomberg | Getty ImagesLONDON — Gold traded near an 8-month high Tuesday as the precious metal’s strong start to 2023 continued, buoyed by lower yields and a weaker dollar.Spot gold hit $1,881.5 per troy […]