Dimon said Monday that the unwinding of the unprecedented program could backfire on the economy or spark a market panic. Potentially adding to the problem are new limitations on banks’ capital and trading activities, meaning swings in asset prices could be sharper than in the past, Dimon said in an April letter to investors. A

Chinese internet search giant Baidu on Tuesday topped Wall Street estimates for quarterly profit on the back of strong growth in its online advertisement business. Revenue for the segment rose 25 percent to 21.1 billion Chinese yuan ($3.10 billion) in the second quarter. The company has seen rapid growth in its newsfeed product, an app

Carlo Allegri | Reuters People walk past a board that announces cancelled flights at LaGuardia airport on the day before Thanksgiving, in New York, Nov. 26, 2014. The ability to get their money back if a trip is cancelled was the top reason cited by 88 percent of those respondents. Other reasons for opting to

A new Somerville startup wants to apply the strategy of direct-to-consumer brands like Warby Parker and Dollar Shave Club to an overlooked segment of consumers: Older adults struggling with incontinence. The new company, called Willow, is set to launch its website and online marketing campaign on Tuesday. Willow will sell packages of 60 pairs of

Location is everything, especially when it comes to insurance that’s supposed to supplement your Medicare coverage. Medigap is a form of insurance that will fill in for the areas where your own Medicare policy may fall short, such as deductibles, copayments and coinsurance. Some policies cover certain extras, like medical care when you’re traveling outside

GoPro shares could rise significantly when the company posts its financial results this week, according to J.P. Morgan. The firm said the company’s stock price is now low enough for the shares to rally on a decent earnings report. GoPro is slated to report its second-quarter earnings results Thursday after the market close. “We expect

“Let’s not and say we did” was a quote we often used when I was growing up. It needs to be said plainly today to U.S. Treasury Secretary Steven Mnuchin, who has a new tax cut plan that may be constitutionally questionable. The stealth $100 billion plan, which would index capital gains taxes to inflation,

There’s a new prince in the Starbucks empire, Princi, which opens Tuesday in Seattle as the coffee giant’s latest attempt to see if it can make bigger inroads into the lunch business. While this is the first standalone Princi bakery and cafe in the United States, there are two that are part of the Starbucks

The S&P 500 is about to do something it hasn’t done in a midterm election year since Dwight D. Eisenhower occupied the Oval Office. It’s on track to end July in the green after a positive April, May and June. That’s a rare bullish sign, according to Jeffrey Saut, chief investment strategist at Raymond James.

“Yes. They are great companies. But the ETFs probably have accentuated the flow of capital into those stocks,” he said at the conference. “Nothing works forever. Things that are most hyped and usually the things that are most loved produce the most disappointment and the most pain.” Three out of the four FANG stocks have

The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of AT&T Karen Finerman was a buyer of Citigroup Brian Kelly was a buyer of SPDR Gold Shares Guy Adami was a buyer of Cirrus Logic Trader disclosure: On July 30, 2018 the following stocks and commodities mentioned

If you’re excited about seeing an adored artist or important game, it might be easier to miss red flags when buying tickets online. Scalpers generally have real tickets to sell while scammers do not, said Katherine Hutt, a national spokesperson for the Better Business Bureau. Both are financially motivated and use a combination of scarcity

Shopify initially rose after releasing better-than-expected earnings on Tuesday before the market opened. The stock then turned lower later in the morning and was last down 7 percent as traders reacted to lukewarm guidance, a new offering of stock and a possible slowdown in net merchants added to the platform. The e-commerce company said third-quarter

Archer Daniels Midland‘s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.–China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New York Stock Exchange. Operating profits

Jack Guez | AFP | Getty Images Bitcoin is a borderless digital currency that eliminates the need for a bank. Therefore, understanding this concept hinges on conceiving financial transactions without banks. Perhaps less surprising is that predictions of bitcoin’s demise fail to account for technological factors. Bitcoin is, after all, technology, but you don’t have

Pfizer topped Wall Street estimates for quarterly profit on Tuesday, driven by higher sales of its cholesterol and arthritis drugs, but the biggest U.S. drugmaker lowered its full-year revenue forecast due to a stronger dollar. The company’s rheumatoid arthritis drug, Xeljanz, reported sales of $463 million for the second quarter, beating consensus estimates of $432

The pan-European Stoxx 600 was flat in early deals, with the major bourses moving in different directions. Media stocks were the top performers, higher by 0.4 percent, on earnings. Vivendi rose as much as 5 percent after reporting first-half results. On the other hand, chemicals led the losses in early deals, with Umicore down as

Here are some of the highlights for the second quarter: Net income: 647 million Swiss francs ($655 million) Net revenues: 5.6 billion Swiss francs ($5.57 billion) CET1 ratio: 12.8 percent Tidjane Thiam, chief executive officer of Credit Suisse, said the second quarter of 2018 “was a period of continued strong performance as we achieved our

Mark Zuckerberg, founder and chief executive officer of Facebook Inc., smiles during a news conference at the company’s headquarters in Palo Alto, California, U.S., on Wednesday, Oct. 6, 2010. But some value investors, such as Christian Bertelsen, are using the opportunity to add more tech stocks to their portfolios. “Facebook is getting into my range,”

A willingness to survive on fast food alone was no surprise to Mat Ishbia, CEO of United Wholesale Mortgage in Pontiac, Michigan, who said he’d gladly do that. But sharply curtailing communication with friends and family was unexpected. “You wouldn’t be able to show off that dream home,” Ishbia said. All kidding aside, buying a

The chances of Les Moonves remaining at the helm of CBS are slim, after allegations of sexual misconduct surfaced last week, according to longtime media analyst Porter Bibb. “I think it’s inevitable that Les is history at CBS, whether he takes a leave of absence or is dismissed outright,” Bibb said on CNBC’s “Power Lunch”

The scientists surmised that the preference for earning money over saving is a learned behavior. “It’s rational from the brain’s perspective: You must earn before you can save,” said Anderson. “It could partly be cultural,” he said. “We brag about work ethic and earnings, but we don’t talk about coming up with a cool savings

The market’s favorite technology stocks are tanking as investors are growing concerned over the companies’ ambitious growth targets after disappointing financial results from Facebook and Netflix this month. The NYSE FANG+ index is down more than 10 percent from its high of 3,062.88 in mid-June after its 2.8 percent drop Monday to the 2,734 level.

Several Wall Street firms are cautioning their clients about the prospects for Twitter shares, saying the social media company’s stock will not outperform until user growth returns. On Friday the company posted slightly lower-than-expected second-quarter monthly active user (MAU) numbers. But the bigger disappointment was Twitter’s guidance for the third quarter, when it forecasts a

Oil prices rose back above $70 a barrel on Monday, with U.S. crude posting its best one-day dollar gain in over a month, after four weeks of losses for the benchmark. U.S. West Texas Intermediate crude ended Monday’s session up $1.44, or 2.1 percent, to $70.13 a barrel. While the contract has risen in seven

Banks have long used introductory offers to win over new customers, only to raise rates or otherwise make the products more expensive down the road. And a recent survey reveals that despite the high profile sales scandal at Wells Fargo & Co., bank employees still feel pressure to meet sales goals. American Express is the

Shares of Tyson fell 7 percent to a 52-week low Monday after the food company cut its full-year guidance on trade worries related to the Trump administration’s imposition of tariffs and a turbulent commodities market. The international food company now expects adjusted earnings for fiscal year 2018 at approximately $5.70 to $6.00, down from a

Twenty-two of the defendants were ordered to pay $8.97 million in restitution to the victims as part of the punishment for their crimes. Twenty-one of the defendants must also pay more than $72.9 million in judgments. A total of 56 individuals, as well as five companies in India, have been charged in connection with the

Kate Green | Anadolu Agency | Getty Images Lead claimant Gina Miller speaks outside the Supreme Court in Parliament Square following a majority ruling against the government, on January 24, 2017 in London, England. “To send me things in the post that’s so vile — that’s more worrying, that’s what gets me, the offline stuff, because

Bezos found his enlightenment from the decision to leave Wall Street at the age of 30. “The wake-up call,” Bezos has been quoted as saying, “was finding this startling statistic that web usage in the spring of 1994 was growing at 2,300 percent a year.” “You know, things just don’t grow that fast,” he has