Tag: Financial services
JPMorgan Q2 profit rose 25% as bank cashed in holdings in Visa
JPMorgan Chase says profits jumped sharply in the second quarter as the bank cashed in billions of dollars of its holdings in Visa...
Archegos Capital founder convicted of securities fraud
NEW YORK -- The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities fraud in...
Powell stresses message that US job market is cooling, a possible signal of coming rate cut
WASHINGTON -- Federal Reserve Chair Jerome Powell on Wednesday reinforced a message that the Fed is paying growing attention to a slowing job...
Stock market today: Asian shares are mixed as Japan's Nikkei 225 hits a new high, with eyes on Fed
Shares were mixed in Asia, while Tokyo’s Nikkei 225 index closed at another record high Wednesday as investors awaited further comments by Federal...
Federal Reserve highlights its political independence as presidential campaign heats up
WASHINGTON -- The Federal Reserve is highlighting the importance of its political independence at a time when Donald Trump, who frequently attacked the...