Wall Street economists are anxiously awaiting Wednesday's FOMC meeting.Marketsread more
Normally, when the Fed starts loosening policy it does so amid clear-cut signs of economic weakness.Economyread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
More and more American firms are calling for the Trump administration to resolve its conflict with China.World Economyread more
CNBC's Jim Cramer connects the dots by reasoning that if the president were to act, he would pick a successor to Powell that would do his bidding.Economyread more
Judy Shelton said in an interview that, if appointed to the Fed, she would want to lower interest rates all the way down to 0%.The Fedread more
Shoppers are "very nuanced in their expectations," Ron Johnson, the former CEO of J.C. Penney and the former senior vice president of Apple's retail division, said at CNBC's...Evolveread more
Beyond Meat has blown up. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy's, Xerox and Mylan.Trading Nationread more
We've been given plenty of reasons to quit Facebook, including a new report that alleges disgusting working conditions at a company, Cognizant, it uses to employ contractors....Technologyread more
This just might be Fed Chair Jerome Powell's toughest meeting yet, because whatever the outcome, odds are high that it will disappoint a large group.Market Insiderread more
These are the stocks posting the largest moves midday.Market Insiderread more
JPMorgan Chase has settled its portion in an antitrust lawsuit that alleged manipulation of foreign exchange benchmark rates, according to court filings.
The settlement terms for the largest U.S. bank were not disclosed in the letter filed in Manhattan court on Monday by the lawyers of the bank and the plaintiffs. A settlement agreement should be filed in court by the end of January.
JPMorgan stock was down 2.5 percent following the news.
In the consolidated antitrust lawsuit, several investors including hedge funds, the city of Philadelphia and public pension funds claimed that a dozen banks violated federal antitrust laws, conspiring since January 2003 to rig prices in the $5 trillion per day foreign exchange market. Defendants include including JPMorgan, Bank of America, Barclays, Deutsche, Goldman Sachs and Morgan Stanley.
The lawsuit claimed traders from the banks used chat rooms, email and instant messaging to work together to rig rates.
Read More Could a cyberattack take down a bank?
The settlement concludes JPMorgan's involvement in the U.S. civil class action suit but two other civil action suits on its alleged foreign exchange manipulations have not been settled yet. Separately, the Department of Justice's criminal investigation continues on JPMorgan's foreign exchange conduct.
"The settlement is a responsible step by Chase in addressing its involvement in the forex trading,'' Michael Hausfeld, a lawyer for the investors, said in a phone interview with Reuters. "It is a beginning with respect to the accountability of other banks engaged in the same trading.''
A JPMorgan spokesman declined to provide CNBC with comment.
—Reuters contributed to this report.