JPMorgan Chase & Co
Last Madoff victim fund payout brings recovery to nearly 94% of Ponzi scheme losses, DOJ says
Financier Bernard Madoff leaves Manhattan Federal court March 10, 2009 in New York City. Madoff attended a hearing regarding the conflicting status of his legal representation in his multi-billion dollar fraud allegations. Chris Hondros | Getty Images The 10th and final distribution from a fund for victims of the late Ponzi scheme king Bernie Madoff […]
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Stocks making the biggest moves midday: American Airlines, Broadcom, big banks and more
Check out the companies making headlines in midday trading: American Airlines — Shares slipped less than 1%, recovering from earlier losses, after the airline temporarily grounded all of its flights due to a technical issue. Broadcom — The semi stock added 2%, extending its December rally. Shares have surged more than 46% this month, propelling […]
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Biggest banks planning to sue the Federal Reserve over annual stress tests
A general view of the Federal Reserve Building in Washington, United States. Samuel Corum | Anadolu Agency | Getty Images The biggest banks are planning to sue the Federal Reserve over the annual bank stress tests, according to a person familiar with the matter. A lawsuit is expected this week and could come as soon […]
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Stocks making the biggest moves midday: Novo Nordisk, Mission Produce, Occidental Petroleum and more
Check out the companies making headlines in midday trading: JPMorgan , Bank of America , Wells Fargo — The three U.S. banks that dominate transactions on the Zelle payments network all rose around 2% despite a Friday lawsuit from the Consumer Financial Protection Bureau over Zelle payment fraud. Crypto-linked stocks — Shares of MicroStrategy , […]
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Banking app Dave, back from the brink, is this year’s biggest gainer among financials with 934% surge
Jason Wilk Source: Jason Wilk Jason Wilk, the CEO of digital banking service Dave, remembers the absolute low point in his brief career as head of a publicly-traded firm. It was June 2023, and shares of his company had recently dipped below $5 apiece. Desperate to keep Dave afloat, Wilk found himself at a Los […]
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CFPB sues JPMorgan Chase, Bank of America and Wells Fargo over Zelle payment fraud
Rohit Chopra, director of the CFPB, testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress,” in the Dirksen Building on Nov. 30, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images The Consumer Financial Protection Bureau on Friday sued the operator of […]
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CNBC’s Inside India newsletter: Delhi’s suffocating smog conundrum
TOPSHOT – A rickshaw drives along a road under heavy smog conditions, in New Delhi Sajjad Hussain | Afp | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what […]
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Here’s what a blockbuster Nissan-Honda merger could mean for the auto industry
Nissan Motor CEO Makoto Uchida (L) listens to Honda Motor CEO Toshihiro Mibe (R) attend a joint press conference on March 15, 2024 in Tokyo, Japan. Tomohiro Ohsumi | Getty Images News | Getty Images Top Japanese carmakers Nissan Motor and Honda Motor are understood to be exploring a blockbuster merger, sending shockwaves through the global automotive industry […]
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Stocks making the biggest moves premarket: Ford Motor, Honeywell, MicroStrategy and more
Check out the companies making headlines before the bell: Ford Motor — The automaker fell 2.1% after Jefferies downgraded shares to underperform from hold . The firm mentioned concerns of an inventory overhang along with valuation. Honeywell — The industry giant saw shares rising 3% in premarket trading after the company said its board is […]
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CNBC Daily Open: Predicting the markets is pretty pointless
A trader at the New York Stock Exchange in November 2024. Brendan McDermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. What you […]
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