The Latest Breaking News from JPMorgan

Stock futures edge higher with earnings, Fed in focus; Week Ahead: Fed decision highlights hectic slate on Wall Street; First Republic sold to JPMorgan as regulators take over another failed lender; G-7 ministers agree to tame ai developments, ensure 'trustworthy' system and Softbank plans Nasdaq IPO for Arm after spurning…

June S&P 500 futures (ESM23) are up +0.04%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.05% this morning as market participants digested JPMorgan’s takeover of First Republic’s assets while looking ahead to the Federal Reserve’s upcoming interest rate decision as well as Friday’s nonfarm payrolls report.

The bank's been on shaky ground since the failure of Silicon Valley Bank.

Drastic intervention to contain third US bank failure in two months

US regional bank First Republic had a little more than $301 billion worth of assets and around 7,000 employees.

The regional bank has lost 97% of its value since March.

Amazon is among S&P 500 stocks holding near buy points after surviving some volatility around earnings, removing a key risk.

The bank’s pro-office memo was instantly ripped apart by workers calling it “tone deaf” and “divisive.”

Think ChatGPT, but for the weird things Jerome Powell says every couple months. It’s “a large language model tuned to central bank speak.”

The Dow Jones reversed higher Friday morning after key inflation data. Amazon stock dived after warning of slowing cloud growth.

“Ms. Javice faces numerous impending deadlines for which she is incurring substantial expense,” said Michael Barlow, an attorney with law firm Abrams & Bayliss, in a recent letter to the judge.