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Jamie Dimon says bitcoins will “end badly”

Jamie Dimon says bitcoins will “end badly”

According to CNBC, JPMorgan Chase & Co. (NYSE: JPM) Chief Executive Jamie Dimon has already expressed his position about bitcoin before, but now he is warning those who use cryptocurrencies that the government will shut them down if they get too..

Bitcoin Price Down After Negative Comments from JPMorgan Chase CEO

Bitcoin Price Down After Negative Comments from JPMorgan Chase CEO

JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon had some harsh words on Bitcoin. The orice of Bitcoin fell below $4,000 on Wednesday after the negative comments. Bitcoin’s price has surged about 315 percent this year."It's just n..

Federal Reserve’s New Rule to Help Unwind Big Banks

Federal Reserve’s New Rule to Help Unwind Big Banks

On Friday, The Federal Reserve finalized a new rule that would make it easier to unwind important U.S. banks by creating a safe harbor for financial contracts after a firm defaults. This decision was unanimously approved by Federal board members and..

Bannon's Exit Impacts Stock Market

Bannon's Exit Impacts Stock Market

Friday was a happening day both for the White House and the U.S. stock market. Steve Bannon quit as chief strategists, making room for plenty of speculation about what went wrong and whether the exit was voluntary or forced.  Apart from the fac..

JP Morgan to Cut $200 Million off Chase Sapphire Reserve Cards

JP Morgan to Cut $200 Million off Chase Sapphire Reserve Cards

JP Morgan Chase & Co. (NYSE: JPM) aims to cut costs of about $200 million in the unit that oversees the Sapphire Reserve credit card due to high demand and the card’s generous rewards.Consumers are willing to pay the $450 annual fee for a ..

Caterpillar Beats Expectations, 2017 Forecasts raised

Caterpillar Beats Expectations, 2017 Forecasts raised

According to an article from Reuters, Caterpillar, Inc. (NYSE: CAT) results smashed expectations and the company raised its full-year forecast for the second time, underscoring strength across its businesses and a steady recovery in demand from Chin..

JPMorgan Shares fell Despite Earnings Beat

JPMorgan Shares fell Despite Earnings Beat

JPMorgan Chase & Co. (NYSE: JPM) on Friday reported second-quarter earnings that topped analysts’ estimate, but the shares are still down as expectations for interest income are low.The New York-based bank said revenue rose 1.2 percent to ..