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Tag: jp morgan

The image of a Boeing 737 jetliner is seen behind Boeing factory workers and supporters as they gather on a picket line near the entrance to a Boeing production facility in Renton, Washington, U.S. September 15, 2024. REUTERS/David Ryder/File Photo

Boeing fine-tunes job cuts as major buyer slams 777X jet delay

Boeing faces a crucial test with employees, customers and investors after announcing 10% job cuts and $5 billion in charges as a crippling machinists strike enters a fifth week.

Read More Boeing fine-tunes job cuts as major buyer slams 777X jet delay
Containers are seen stacked in Portsmouth Marine Terminal (PMT), as port workers from the International Longshoremen's Association (ILA) participate in a strike, in Portsmouth, Virginia, U.S., October 1, 2024. REUTERS/Jose Luis Gonzalez/File Photo

US port strike ends, leaving cargo backlog

U.S. East Coast and Gulf Coast ports were reopened on Friday after dockworkers and port operators reached a wage deal to settle the industry’s biggest work stoppage in nearly half a century.

Read More US port strike ends, leaving cargo backlog
A man shops for produce at Best World Supermarket in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/File Photo

US retail sales tumble in January; weekly jobless claims fall

Economists cautioned the decline may be due to winter storms and technical factors.

Read More US retail sales tumble in January; weekly jobless claims fall
A street sign for Wall Street hangs in front of the New York Stock Exchange May 8, 2013. REUTERS/Lucas Jackson

Market bets for 2024 thrown into chaos by US recession conundrum

Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.

Read More Market bets for 2024 thrown into chaos by US recession conundrum
NEW YORK, NY - OCTOBER 02: People pass a sign for JPMorgan Chase & Co. at it's headquarters in Manhattan on October 2, 2012 in New York City. New York Attorney General Eric Schneiderman has filed a civil lawsuit against JPMorgan Chase alleging widespread fraud in the way that mortgages were packaged and sold to investors in the days that lead-up to the financial crisis. The allegations, which were filed in New York State Supreme Court, concern business that transpired during 2006 and 2007 at a now-defunct Bear Stearns, the failed Wall Street firm which was purchased in 2008 by JPMorgan Chase. (Photo by Spencer Platt/Getty Images)

JP Morgan Settles $75M Epstein Sex-Trafficking Lawsuit

JPMorgan Chase has reached a settlement with the U.S. Virgin Islands and former executive Jes Stanley. The lawsuit alleged that the bank was aware, helped, and even benefited from Jeffrey Epstein’s trafficking of minors.

Read More JP Morgan Settles $75M Epstein Sex-Trafficking Lawsuit
NEW YORK, NEW YORK - MAY 26: The JPMorgan Chase logo is seen at their headquarters building on May 26, 2023 in New York City. JPMorgan Chase chief executive Jamie Dimon is set to be deposed under oath for two civil lawsuits that claim that the bank ignored warnings that Jeffrey Epstein was trafficking teenage girls for sex while profiting from his relationship with him. The lawsuits were filed in federal court late last year by lawyers representing Epstein's victims and the other by the government of the U.S. Virgin Islands. Epstein died by suicide three years ago while in federal custody on sex trafficking charges. The bank states that he was dropped as a client decades ago. (Photo by Michael M. Santiago/Getty Images)

JP Morgan fined for deleting 47 million emails

JP Morgan Chase will pay a $4 million fine to the U.S. Securities and Exchange Commission (SEC) to settle allegations that the bank accidentally deleted about 47 million emails dated from January until April 2018.

Read More JP Morgan fined for deleting 47 million emails

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SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. (Photo by Anna Moneymaker/Getty Images)
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