The Latest Breaking News from JPMorgan

Charlie Javice, the founder of the financial advisory startup Frank, has admitted to defrauding banking giant JPMorgan Chase (NYSE:JPM) to the tune of $175 million.

Jamie Dimon, the long-standing CEO of JPMorgan Chase, has shed light on the qualities he is looking for in his successor. He places a high value on leadership capabilities, rather than just intellect.

"Obviously nobody wants a recession. But also in the context of Fed independence, they really don't want to get blamed for going into a downturn because that would impair their ability."

With tariff headwinds building and EV credits rolling off, U.S. Franchise Auto Dealerships maintain solid momentum on disciplined OEM pricing and balanced inventories; investors often gravitate to Lithia Driveway (NYSE:LAD) and AutoNation (NYSE:AN).

As economic headwinds and shifting consumer preferences reshape the retail landscape, companies in the luxury home furnishings sector are feeling the pressure to adapt. Major players in this space are navigating challenges such as fluctuating demand and global trade tensions, which are impacting their financial outlooks and strategic decisions.

Jamie Dimon says the next JPMorgan CEO must be a “coach” and motivator, not just the smartest person in the room, as succession planning heats up.

With U.S. jobless claims surging and labor data revised sharply lower, markets see Jerome Powell locked into a September Fed rate cut despite sticky inflation.

While Coursera Inc (NYSE:COUR) leverages AI for greater personalization, effectiveness, and scale, GenAI and LLMs (large language models) are driving industry-wide reskilling and upskilling, according to JPMorgan.

The PNC Financial Services Group Inc. (NYSE:PNC) CEO Bill Demchak announced a $4 billion acquisition of Colorado-based FirstBank on Monday, marking a strategic push toward his ambitious goal of creating a trillion-dollar banking giant.

FuelCell Energy Inc. (NASDAQ:FCEL) posted a sharp revenue jump in its fiscal third quarter, nearly doubling year over year, as stronger product and service sales offset weakness in other divisions and lifted investor sentiment despite ongoing losses and cash burn.

Economy ‘weakening’ though recession isn’t certain, JPMorgan’s Dimon says