Jpmorgan Chase Stock News

"A World At War" : Global Recession Next, And Then QE5 After weeks and weeks of warnings, the worst case scenario envisioned by BofA Chief Investment Strategist Michael Hartnett - worldwide stagflationary and imminent global recession - has finally arrived, and since he has a several month head start on his Wall Street peers, instead of rehashing everything he has said over and over since the summer of 2021, Hartnett digs right into the elephant in the room, which is… War : According to the BofA strategist, the Russia/Ukraine conflict means bigger "Inflation shock", smaller "Rates shock", bigger "Recession shock"; while the Fed and ECB find themselves hopelessly trapped between deflation on Wall Street and inflation on Main St (Euro producer prices up staggering 30.6% YoY pre-invasion). And while the Fed still pretends it will hike rates "six or seven times", the oil price spike, military-sanctions escalation cycle, and growing financial market accidents (see today''s spike in the FRA-OIS ), "threaten global recession" according to Hartnett.

Commonly used online wallet MetaMask is one of the largest players in the cryptocurrency and non-fungible token markets and is used by millions of people. A new report shows that MetaMask could be owned by a top U.S. and global banking company. What Happened: Shareholders of ConsenSys AG have filed for an independent audit of transactions involving MetaMask and Infura. The request was filed by 35 former employees representing 50% of ConsenSys shareholders, according to a CoinDesk report . ConsenSys is an Ethereum (CRYPTO: ETH ) development company that transferred control of MetaMask and Infura away. The transfer of assets took place in August 2020. “We’ve filed to have a court assess the transaction, and if the court deems it necessary, they will appoint an independent auditor to provide further scrutiny,” former ConsenSys AG employee Arthur Falls told Coindesk. ConsenSys was founded by Joe Lubin , one of several co-founders of Ethereum. … Full story available on Benzinga.com

JPMorgan is the largest U.S. bank, and its Corporate & Investment Bank segment is its largest source of profit.

Following back-to-back intraday gains, the shares of commercial-stage biotech, Akebia Therapeutics <> have dropped on Friday after JPMorgan highlighted potential regulatory issues…

Strategists at JPMorgan Chase & Co are recommending clients boost positions in some Russia-linked corporate debt, even as the U.S. and allies tighten sanctions to restrict investments in some of the country’s assets.

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks. The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets. Teucrium Wheat Fund (NYSE: WEAT ) Shares of the ETF touched a new 52-week high of $11.75 on Thursday and gained more than 15% in the regular trading session, even as the major U.S. indices closed lower. The ETF’s gains come as wheat and corn prices have surged along with other commodities amid Russia’s invasion of Ukraine stoking fears about inflation due to tighter global supplies. JPMorgan Chase & Co (NYSE: JPM ) JPMorgan Chase & Co.’s economists told clients in a report on Friday that they expect a 7% contraction in gross domestic product … Full story available on Benzinga.com

Attacking Ukraine could hurt Russia’s economy as much as its 1998 default, JPMorgan Chase said, an assessment that followed condemnation of a fire blamed on shelling at Ukraine’s Zaporizhzhia nuclear plant.

Futures Slide With Traders Shellshocked From Ukraine Newsflow It has been another rollercoaster session, which saw futures tumble around 7pm ET following news that a Ukrainian nuclear power, Europe''s largest, had caught fire after alleged Russian shelling, and even though it largely turned out to be a false alarm with no damage to the NPP reactors or any radiation leaking, futures still have failed to recover much of the loss and were trading about 1.1% lower on concerns that the escalation of the war in Ukraine could have a stronger economic impact than anticipated. Contracts on the Nasdaq dropped 0.8% and Dow futures were 0.93% lower. As futures sold off, treasuries and gold climbed amid haven demand, while oil headed for its biggest weekly surge in almost two years. A dollar gauge rose to its highest level since July 2020, while the euro extended its decline below $1.10 for the first time since May 2020. “The market mood is deep red,” said Ipek Ozkardeskaya, senior analyst at Swissquote. “European stocks continue feeling the pinch of an escalating war, as the U.S. major indices remain under a decent selling pressure.

Tribune Online Adoke, former Attorney General writes Malami, says alleged complicity in JP Morgan case unfounded A former Attorney General of the Federation and Minister of Justice, Mr. Mohammed Bello Adoke, has written the current occupant of the position, Mr Abubakar Malami, absolving himself of any complicity in a case instituted by the federal government against American Bank, JP Morgan Chase. In a letter written by his lawyers, Paul Erekoro (SAN), […] Adoke, former Attorney General writes Malami, says alleged complicity in JP Morgan case unfounded Tribune Online

Former Attorney General of the Federation and Minister of Justice, Mr. Mohammed Bello Adoke (SAN), has denied any complicity in a case filed by the Federal Government against an American Bank, JP Morgan Chase. The post Adoke denies complicity in JP Morgan’s case appeared first on The Guardian Nigeria News - Nigeria and World News .

JPMorgan Chase & Co. is shutting an emerging-markets bond fund that tumbled about 6% since Russia invaded Ukraine.

Two Oil Price Scenarios: One Bad, And One Catastrophic Another day, another record discount for Russian Urals crude, which was offered at a price more than $22 below spot by oil trader Trafigura and still could find no giant… Russian oil bidless, non-Russian oil offerless https://t.co/2n6o258AGE — zerohedge (@zerohedge) March 3, 2022 ... confirmed what we previously observed , namely that the commodity world is splitting in two: a bidless market for Russian oil, and (increasingly) offerless for non-Russian. This is the key point that JPMorgan''s commodity strategist Natasha Kaneva makes in a research note earlier today, in which she notes that while the US and its allies have so far stopped short of imposing penalties directly on Russian oil and gas, on Tuesday it became increasingly clear that Russian oil is being ostracized. The preliminary Russian crude oil loadings for March revealed a 1 mbd drop in the loadings from the Black Sea ports, 1 mbd drop from the Baltics and 0.5 mbd drop in the Far East.

Two Banks Are Telling Their Clients To Ignore The Turmoil And Just BTFD: Here''s Why At a time when risk sentiment has foundered, BTFD has mutated into STFR, and even retail investors are hedging for a crash by buying puts in record amounts… ... two banks are throwing caution to the wind and staking their reputation that this time the rout is finally ending and the bottom is in. The first one is Citi (the same Citi which yesterday closed its short oil reco from Feb 3 after suffering a painful 11% loss in just one month, which for levered traders could mean a year''s worth of performance wiped out), and which today said that it is raising "US equities and the global IT sector" - i.e., growth names - back to Overweight. As the bank''s chief strategist, Robert Buckland notes, "both are Growth trades that should benefit, in relative terms at least, from the recent sharp drop in real yields" to wit: Equity markets have been less quick to price in the drop in real yields. We have frequently highlighted that these have been a big driver of the global Value/Growth trade in recent years (Figure 6).

While Amazon and Apple continue to offer investment opportunities, the latest list includes two new names from the software and real estate sectors.

Energy Intelligence reported Thursday that self sanctioning reduced Russian crude oil exports by ~2.5mb/d; were the restrictions to persist, JPMorgan estimates oil prices would rise to…