(Bloomberg) — JPMorgan Chase & Co.’s first-quarter results were marred by a $524 million loss tied to market fallout from Russia’s invasion of Ukraine. Most Read from Bloomberg The loss was driven by “funding spread widening” and valuation adjustments for commodities as well as derivatives linked to Russia, the company said Wednesday in a statement.
TOKYO (AP) — Asian shares were mostly higher Wednesday on hopes that the curbs on U.S. interest rates may moderate after new data showed signs of slowing inflation. Benchmarks rose in early trading in Japan, South Korea and Australia, while slipping in China. Regional optimism was lifted by the easing of a COVID-19 lockdown in
U.S. stock futures opened higher Tuesday evening after a choppy day in markets, as investors digested another hot print on inflation and looked ahead to a busy day of earnings on Wednesday. Contracts on the S&P 500 were flat to slightly positive. The index closed lower for a third straight session during the regular trading
JPMorgan Chase & Co. (JPM), the largest U.S. bank by assets, is the first among a lineup of mega banks set to unveil first quarter results this week as earnings season kicks off. The company has been a strong outperformer in the banking sector, which lagged the broader market meaningfully this year amid concerns over
U.S. stocks pared gains and fell in the final hour of trading Tuesday to close a second straight session in the red as investors assessed fresh inflation data out of Washington that showed prices in March further accelerated to a new 40-year high. The S&P 500 retreated to fall 0.3%, and the Dow Jones Industrial
Making money in the stock market will likely look different over the next few years compared to the low interest rate era seen from the end of the Great Financial Crisis, says BlackRock’s CIO of U.S. fundamental equities Tony DeSpirito. “It’s a really big deal,” says DeSpirito on Yahoo Finance Live. DeSpirito explains that since
April 12 (Reuters) – The Baltic Exchange’s dry bulk sea freight index snapped a 13-session losing streak on Tuesday, as gains in panamax outweighed losses in the capesize and supramax segments. * The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 4 points, or about 0.2%, to 2,035