Overnight news: US stocks rose, gold reached a new high, Boeing 0.033 million blue-collar workers went on strike, credit ratings face the risk of being downgraded to 'junk grade'.
For more global financial news, please go to the 24-hour real-time financial news market closing: Nasdaq and S&P both rose for the fifth consecutive week, achieving the best performance of the year. Top 20 US stock turnover on September 13: Boeing workers reject a 25% pay increase agreement for 4 years and launch a major strike. China concept stocks had mixed performance on Friday, with NIO Inc up 5.11% and PDD Holdings down 2.4%. WTI crude oil in the US fell 0.46% on Friday. International gold prices continue to reach new highs, with spot gold and COMEX gold futures both rising more than 3% this week. European stocks closed higher, with the EURO STOXX 50 index up 0.61%. US macro data shows that consumers have a positive outlook on income prospects and retirement.
JPMorgan (NYSE:JPM) Sticks to 50-Basis Point Rate Cut Forecast
JPMorgan Options Spot-On: On September 13th, 129.45K Contracts Were Traded, With 1.06 Million Open Interest
Press Release: JPMorganChase Declares Preferred Stock Dividends
JPMorgan reiterates its expectation for a 50 basis point rate cut by the Federal Reserve in September.
Amid declining inflation and soft job data, jpmorgan economists reiterated their expectation of a 50 basis point rate cut at the Fed's policy meeting next week. "We believe it is clear what the Fed should do next week, which is to cut interest rates by 50 basis points to adapt to the changing risk balance," wrote Michael Feroli, the bank's chief U.S. economist, in a report on Friday. "As for what the Federal Open Market Committee (FOMC) will do, we are not quite sure, but we stick to our expectation that the 'right' thing to do is to cut interest rates by 50 basis points." Feroli expects the Fed to
Most and Least Shorted S&P 500 Financial Stocks in August
If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,400 Today
Largest U.S. Banks Will Catch a Break From Fed's Capital-rule Changes, KBW Says
BGC Group to Launch Investment Bank-Backed FMX Futures Exchange
Cleveland-Cliffs Amends Asset-Based Lending Facility to Support Stelco Acquisition
The tightening policies in the banking industry are showing results. Overdue credit for US consumers is stabilizing.
Bankers and industry analysts have indicated this week that after an earlier rise in delinquent payments for US consumer credit cards and other loans, they have recently started to stabilize.
National Business Leader, Kyra Rénel Hardwick, Receives Prestigious National Entrepreneurial Award Honoring Women of Color
Garden Stage's I Win in Late Talks to Distribute CICC, JPMorgan Derivatives; Taps ZZC for Promotional Campaign
Express News | Announcement Potential Entering of Distribution Agreement With CICC and JPMorgan
DSV has agreed to acquire Schenker's logistics department of the German railroads for over 12 billion dollars.
Danish logistics company DSV announced that it will acquire the logistics division of German Federal Railways (Deutsche Bahn) for over $12 billion. Sovereign wealth funds, private equity firms, and shipping giant Maersk have all been considering their bids during the months-long sale process. Led by CVC, Abu Dhabi Investment Authority, Qatar Investment Authority, and the Singapore Government Investment Corporation (GIC) are also involved.
JPMorgan Options Spot-On: On September 12th, 81,747 Contracts Were Traded, With 1.05 Million Open Interest
Top Economist Backs Off Recession Call. Why He Made the 'Very Difficult Decision.' -- Barrons.com
Sector Update: Financial Stocks Edge Higher Late Afternoon
Sector Update: Financial
Huiyu will issue bonds to raise $14 billion for the acquisition of juniper networks.
Cloud computing service company Huize announced a series of measures on Thursday to raise $14 billion in financing for the acquisition of Juniper Networks, including term loans and a seven-part bond trade. According to a statement, Huize will offer 2-year fixed and floating rate notes, 3-year fixed rate notes, 5-year fixed rate notes, 7-year fixed rate notes, 10-year fixed rate notes, and 30-year fixed rate notes. The bond issuance is expected to raise $6.5 billion, with Citigroup, jpmorgan, and Mizuho serving as underwriters.