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Palantir
-- 82.140 Wall Street Today | JPMorgan's Dimon says 'powerful forces' threaten strong economy
MACRO
• Stocks End Higher as Earnings Season Kicks Off
The $Dow Jones Industrial Average (.DJI.US)$ rose 1.01%, to 34,564.59, accelerating gains in the final hour of trading. The $S&P 500 Index (.SPX.US)$ gained 1.12% to 4,446.59, and the $Nasdaq Composite Index (.IXIC.US)$ rallied 2.03% to 13,643.59.
The $Dow Jones Industrial Average (.DJI.US)$ rose 1.01%, to 34,564.59, accelerating gains in the final hour of trading. The $S&P 500 Index (.SPX.US)$ gained 1.12% to 4,446.59, and the $Nasdaq Composite Index (.IXIC.US)$ rallied 2.03% to 13,643.59.
• Jamie Dimon Sees 'Storm Clouds' Ahead For U.S. Economy Later This Year
The CEO of the biggest U.S. bank by assets Wednesday that economic growth will continue at least through the second and third quarters of this year, fueled by consumers and businesses flush with cash and paying off debts on time. But it's hard to predict after that, considering inflation and quantitative tightening, or the reversal of Fed bond-buying policies.
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The CEO of the biggest U.S. bank by assets Wednesday that economic growth will continue at least through the second and third quarters of this year, fueled by consumers and businesses flush with cash and paying off debts on time. But it's hard to predict after that, considering inflation and quantitative tightening, or the reversal of Fed bond-buying policies.
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• Fed's Waller Endorses Half-Point Rate Increase This Spring
A Federal Reserve official endorsed raising interest rates by a half percentage point at the central bank's policy meeting next month as part of a strategy to raise rates to a level designed to ease economic growth by the end of this year.
A Federal Reserve official endorsed raising interest rates by a half percentage point at the central bank's policy meeting next month as part of a strategy to raise rates to a level designed to ease economic growth by the end of this year.
• Supplier Prices Rose Sharply in March, Keeping Upward Pressure on U.S. Inflation
The Labor Department on Wednesday said the producer-price index, which generally reflects supply conditions in the economy, increased a seasonally adjusted 1.4% in March from the prior month, a pickup from an upwardly revised 0.9% gain in February.
The Labor Department on Wednesday said the producer-price index, which generally reflects supply conditions in the economy, increased a seasonally adjusted 1.4% in March from the prior month, a pickup from an upwardly revised 0.9% gain in February.
SECTOR
• Delta Says Travel Rebound Is Keeping Pace With Surging Fuel Costs
$Delta Air Lines (DAL.US)$ on Wednesday reported a $940 million loss over the three months ended March 31, but said it returned to profitability during March, despite soaring fuel prices, and expects to report a profit in the second quarter.
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$Delta Air Lines (DAL.US)$ on Wednesday reported a $940 million loss over the three months ended March 31, but said it returned to profitability during March, despite soaring fuel prices, and expects to report a profit in the second quarter.
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• Microsoft's Brad Smith Says Tech Regulation Is Coming
"It doesn't matter whether you like it or hate it," Smith told CNBC's Steve Kovach on "Tech Check" Wednesday. "And it's right for people to point out the issues that cause concern, but more than anything, we need to lean in and figure out how to make this work, because it is not going to be a success unless we do that."
"It doesn't matter whether you like it or hate it," Smith told CNBC's Steve Kovach on "Tech Check" Wednesday. "And it's right for people to point out the issues that cause concern, but more than anything, we need to lean in and figure out how to make this work, because it is not going to be a success unless we do that."
COMPANY
• Peloton Needs to Explore a Sale, Investor Says
Activist investor Blackwells Capital said Mr. McCarthy, who took over in February, has made no substantial changes, and that the former chief executive officer and his allies still hold too much control of the company, known for its connected workout courses. $Peloton Interactive (PTON.US)$
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Activist investor Blackwells Capital said Mr. McCarthy, who took over in February, has made no substantial changes, and that the former chief executive officer and his allies still hold too much control of the company, known for its connected workout courses. $Peloton Interactive (PTON.US)$
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• Google to Invest $9.5 Billion in U.S. Offices, Data Centers
Alphabet Google said Wednesday that the investment in more than a dozen states will create at least 12,000 new full-time jobs by the end of the year. The search-engine giant plans to open a new office in Atlanta, boost its presence in New York, build out its campus in Boulder, Colo., and invest in data centers across the country, it said. $Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$
Alphabet Google said Wednesday that the investment in more than a dozen states will create at least 12,000 new full-time jobs by the end of the year. The search-engine giant plans to open a new office in Atlanta, boost its presence in New York, build out its campus in Boulder, Colo., and invest in data centers across the country, it said. $Alphabet-A (GOOGL.US)$ $Alphabet-C (GOOG.US)$
Source: WSJ, Bloomberg, CNBC
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ToastofGJ : and we re figuring out that Dimon, like JP Morgan himself more than 100 years ago, IS the powerful forces threat/bully. Tell us about the the Ethetrum Free Pass, Dimon, please, cause you care so much about the average investor. Folks, what is going on now is nothing short of a 2022 Jekyll Island!
atikalper0018 : Does the time matter?