Corporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them.Market Insiderread more
The central bank is not normally in the business of easing into an economy that is showing few signs of a recession, generally holding fire until more pronounced signs of a...The Fedread more
His case for gold comes as central banks get more aggressive with policies that devalue currencies and are about to cause a "paradigm shift" in investing.Marketsread more
Challenging conditions in the U.S. housing market, along with tighter currency controls by the Chinese government, cause a stunning drop in foreign demand for American homes.Real Estateread more
House Speaker Nancy Pelosi says she wants her chamber to vote on a debt ceiling and budget deal by July 26.Politicsread more
Philips has acquired a start-up that texts you about your poop. That's Medumo, a Boston-based company, which works with hospitals to guide their patients through common...Technologyread more
The "'Cadillac tax," set to go into effect in 2022, is unpopular with both Republicans and Democrats, who say it punishes the middle class.Health and Scienceread more
Federal Judge William Pauley wrote in a court filing made public Wednesday that materials related to a campaign finance probe of Cohen should be unsealed — and denied a...Politicsread more
The U.S. economy continued growing at a "modest" rate in recent weeks, with consumers continuing to spend and a "generally positive" outlook overall even in the face of...Economyread more
CSX said it expects revenue to fall as much as 2% in 2019, well below a previous forecast of an increase of 1% to 2%.Marketsread more
Facebook's head of Calibra David Marcus is grilled during a House Financial Services Committee hearing over the company's digital currency plans.Technologyread more
Dimon, speaking with reporters following the bank's fourth-quarter earnings release, said he is comforted that Trump is appointing experienced people to his administration, Reuters reported.
Bank stocks have rallied on expectations that the president-elect will eliminate financial regulations put in place after the 2008 financial crisis.
Following Trump's election victory, the president-elect tapped former Goldman Sachs partner Steven Mnuchin for Treasury secretary. Mnuchin said the Dodd-Frank banking regulations are too complicated and a headwind to lending.
Trump once called Dimon "the worst banker in the United States."
Trump criticized Dimon in 2013 for reaching a $13 billion settlement with the U.S. government over the sale of toxic mortgages instead of fighting the case.
On Friday, JPMorgan's quarterly earnings pushed well past analysts' expectations, helped by double-digit growth in deposits and record credit card sales.
The company on Friday reported fourth-quarter earnings of $1.71 per share on revenue of $24.333 billion. Its stock price edged higher in intraday trading.
"Our results this quarter were a strong end to another record year, reflecting our intense client focus and solid performance across our businesses," Dimon said in a release, citing a U.S. economy that may be building momentum.
—Reuters contributed to this report.