The Business Roundtable, led by Jamie Dimon, gives a new definition of the "purpose of a corporation."Marketsread more
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Powell will have the opportunity if not to walk back the "midcycle" assessment then to at least provide some further explanation about what it means.Economyread more
J.P. Morgan estimates the average annual tariff cost per household will be $1,000 with the new round of Trump's tariffs.Marketsread more
Twitter and Facebook have suspended numerous accounts that are believed to be tied to a state-backed information campaign originating from inside China.Technologyread more
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Since its IPO 15 years ago, Google has become more and more powerful. Today, that power is being highly scrutinized.Technologyread more
In a statement Monday, Barr said he will name Kathleen Hawk Sawyer the new director of the Federal Bureau of Prisons.Politicsread more
Investors should buy Visa on the company's premium business model and the ability to leverage its scale, JPMorgan says.
"Visa is the number 1 credit and debit network worldwide and benefits from the ongoing global secular shift toward card-based and electronic payments," JPMorgan's Tien-tsin Huang wrote in a note to clients Monday.
He added, "Visa's business is characterized by recurring revenues, high incremental margins, low capital expenditures, and high free cash flow."
The analyst resumed coverage on the credit card firm at an overweight rating with a $88 price target, representing 10 percent upside from Friday's close.