JPMorgan Chase
Grab to Go Public in Record-Breaking SPAC Merger
Grab Holdings Inc. said it would go public on the Nasdaq Stock Market by merging with a special-purpose acquisition company, securing a near-$40 billion valuation in a new milestone for the SPAC boom that has swept U.S. financial markets. The $39.6 billion deal to list Grab, a ride-hailing, food-delivery and digital-wallet group that operates across …
Dow Futures Rise Despite Unrelenting Covid-Case Increases. Here’s What the Market Might Be Watching.
Text size Jeenah Moon/Getty Images 7:18 a.m. Cases of coronavirus continue to rise. Earnings season is getting ready to start. And Dow Jones Industrial Average futures are rising. That’s not as contradictory as it sounds. The stock market picked up Monday right where it left off on Friday. Dow futures have advanced 205 points, or …
In Apparent Slap At Trump, JPMorgan Chase CEO Rips Botched COVID-19 Planning
In a veiled swipe Monday at the Trump administration, JPMorgan Chase CEO Jamie Dimon blamed poor planning for the COVID-19 crisis. In an annual letter to shareholders, Dimon said, “As a nation, we were clearly not equipped for this global pandemic, and the consequences have been devastating.” Dimon predicted a “bad recession” as the fallout. The worst-case …
How JPMorgan Chase Empowers Technology Innovation
In trading, timing is everything — and milliseconds can mean the difference between a successful trade and a lost opportunity. Traders need instant access to the best available information about investments, and they need to be able to transmit that information — and their assessments — to clients in seconds. Darpan Lalwani, an Associate for Corporate …
SoftBank to Take Control of WeWork
SoftBank Group Corp. won approval from WeWork’s board to take control of the troubled co-working startup, in a deal that would hand co-founder Adam Neumann nearly $1.7 billion and sever most of his ties with the company. WeWork, in danger of running out of cash in the coming weeks, chose a rescue offer from SoftBank …
Forever 21 Plans to File for Bankruptcy as Many Retailers Struggle
Teen retailer Forever 21 Inc. plans to file for bankruptcy as soon as Sunday, according to people familiar with the matter, as slow sales, online rivals and changing consumer habits take a rising toll on many bricks-and-mortar chains. Retailers closed more stores from January to June—more than 7,000—than they did in all of 2018, according …
Giant US healthcare corporations fear hostile takeover by high-tech companies
Giant US healthcare corporations fear hostile takeover by high-tech companies By Benjamin Mateus 8 July 2019 UnitedHealth Group Inc. brought a lawsuit earlier this year against a former information technology executive, David Smith, accusing him of stealing trade secrets and taking them to his new employer. This was the still unnamed joint venture known …
