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What you need to know on Wall Street today
Hello. Here's what you need to know on Wall Street today.
Jamie Dimon, the chairman and CEO of JPMorgan Chase & Co.
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Happy Friday!
JPMorgan kicked off bank earnings season this morning, beating estimates with commercial banking and asset and wealth management posting record profits. Fixed income trading dropped sharply, as expected, but CEO Jamie Dimon wasn't too fussed.
he post-election surge in consumer confidence has fully reversed,according to one survey.
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Still,
Stash, a startup that allows users to investing in the stock market with just $5, is
In banking news, one of Goldman Sachs' most senior executives moonlights as a DJ in Miami. And
Furious customers are accusing Wall Street's favorite shirt startup of failing to deliver on its promises.
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If you're into cryptocurrencies:
- A Wall Street legend is backing a bitcoin trading startup
- BITCOIN MINER: The rise of Ethereum could help some bitcoin miners
- Ethereum's share of the cryptocurrency market has exploded
In company news, Nordstrom's website crashed on one of the retailer's biggest shopping days of the year. AT&T is planning a major organizational reshuffle. A Democratic lawmaker is taking aim at Amazon's plan to buy Whole Foods.
The stock is sliding again after another downgrade, and chief rival Instagram is turning the screws by handing advertisers free trials and credits.
ou can buy your very own private island in Maine for $8 million.
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