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The Latest Breaking News from JP Morgan

JP Morgan Chase cuts ties with Kanye West and his Yeezy brand

In a letter shared on social media, the US banking giant gave the controversial star 60 days to transfer his business elsewhere

Evening Standard

Kanye West: bank JP Morgan Chase cuts ties with rapper

The decision to end the relationship with West and clothing brand Yeezy predates recent controversies and array of antisemitic comments

The Guardian - UK

In major retreat, Bright Health halts individual health insurance coverage

Bright Health Group will end individual and family health insurance coverage and reduce its Medicare Advantage coverage to just two states, steps that will cut its revenue in half.

Tribune News Service

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US is headed for a recession, says head of JP Morgan Chase bank

Jamie Dimon said the Federal Reserve ‘waited too long and did too little’ as inflation has surged in the past 18 months

The Guardian - US

Benzinga's Top Ratings Upgrades, Downgrades For October 7, 2022

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Benzinga's Top Ratings Upgrades, Downgrades For October 6, 2022

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Benzinga's Top Ratings Upgrades, Downgrades For October 4, 2022

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What Analysts Think About These High-Dividend Mortgage REITs

You would be hard-pressed to find a worse-performing real estate investment trust (REIT) class in 2022 than mortgage REITs (mREITs). With over 8% inflation and the Federal Reserve raising interest rates multiple times, the mREIT group has been trounced.

Benzinga

Pound hits two-week high as chancellor ‘brings forward debt plan and forecast’

Kwasi Kwarteng promises to release the highly anticipated financial statement ‘shortly’

The Independent UK

Benzinga's Top Ratings Upgrades, Downgrades For October 3, 2022

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Benzinga

Keir Starmer calls for emergency Parliament recoil amid turmoil in UK financial markets

‘What the Government needs to do now is recall Parliament and abandon this budget’

Evening Standard

Russian oligarch’s seized superyacht sold for $37.5m

Axioma, which had been owned by Dmitry Pumpyansky, auctioned after being impounded in Gibraltar

The Guardian - UK

Superyacht linked to sanctioned Russian sold for $37.5m in Gibraltar - court

A superyacht linked to a sanctioned Russian businessman fetched $37.5 million at auction in Gibraltar last month after it was sold at the behest of creditor JP Morgan, a court has confirmed, in the first sale of its kind since Russia invaded Ukraine.

Reuters

Kwasi Kwarteng vows to stick with tax cut plan despite calls to ‘reverse course’

Chancellor insists strategy ‘will work’ and promises ‘credible plan’ to address debt next month

The Independent UK

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Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For September 21, 2022

Upgrades For Berkshire Hathaway Inc (NYSE:BRK), Edward Jones upgraded the previous rating of Hold to Buy. Berkshire Hathaway earned $6312.49 in the second quarter, compared to $4399.91 in the year-ago quarter.

Reuters

U.S. bank CEOs back Fed hikes during congressional grilling on economy, China ties

The country's top bank chiefs endorsed U.S. Federal Reserve rate hikes as a means to tame soaring inflation, while acknowledging there will be pain ahead, when appearing before Congress during a wide-ranging and mostly sedate hearing on Wednesday.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For September 20, 2022

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Benzinga's Top Ratings Upgrades, Downgrades For September 15, 2022

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Evening Standard

JP Morgan buys Renovite amid fight to keep top spot in payment processing

The deal is the latest in a string of acquisitions by the firm in a bid to enhance its technology offering

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For September 9, 2022

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Benzinga's Top Ratings Upgrades, Downgrades For September 6, 2022

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Benzinga's Top Ratings Upgrades, Downgrades For September 2, 2022

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Benzinga's Top Ratings Upgrades, Downgrades For September 1, 2022

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Sam Bankman-Fried Welcomes Comparisons To J.P. Morgan For Crypto Bailouts: 'I Thought Was The Right Thing For The Industry'

FTX CEO Sam Bankman-Fried shared key takeaways from the recent crypto bear market and the bailing out of companies during the time. The CEO also shares what went into what companies to support and being labeled the J.P. Morgan of cryptocurrency.

Benzinga

These 4 Energy Stocks Are Rising As Russia Cuts Off German Gas Supply

The United States Oil ETF (NYSE: USO) dropped 1% but the Energy Select Sector SPDR Fund (NYSE: XLE) gained 0.5% on Wednesday as investors digest mixed data on the strength of the global economy and the outlook for energy dema

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