JPMORGAN CHASE
Meta’s backstop is linchpin for $26 billion AI data-center deal
Meta secured $26 billion in off-balance-sheet financing for its massive Louisiana Hyperion data center, using a joint venture and a rare residual value guarantee to protect investors from losses if AI-driven obsolescence lowers asset value. Led by Pimco and Morgan Stanley, the deal sets a precedent for future AI infrastructure funding.
Claim $200 free cash now! America’s largest bank doles out money back offer you can’t miss
Chase Bank $200 Bonus Offer: Chase Bank is giving a $200 bonus for new customers who sign up for the Chase Freedom Unlimited Credit Card and spend $500 in three months. The card has no annual fee, cash back rewards, and travel perks. This is a limited-time offer for select customers, so people should act fast to claim it.
US stock market crashes — Dow, S&P 500, Nasdaq all lost after shocking August jobs report; possible Fed rate cut ahead
U.S. stocks swung sharply lower Friday after a surprisingly weak August jobs report reinforced the case for a Federal Reserve rate cut at its September 17 meeting. Stocks initially surged on the prospect of cheaper borrowing costs but quickly reversed as investors digested the economic slowdown behind the Fed’s likely pivot.
Honeywell's Quantinuum raises funds from Nvidia, others at $10 billion valuation
The latest round, which doubles Quantinuum's valuation from $5 billion in January 2024, saw new investments from Quanta Computer, QED Investors and NVentures - Nvidia's venture capital arm.
JPMorgan to boost corporate banking in India on investment jump
JPMorgan's focus is on electric vehicles, data centers and solar energy sectors. These industries are increasing capital spending. JPMorgan sees India and Japan as its fastest-growing Asian markets. The bank expects continued growth despite tariff concerns. They aim to grow revenue by 30% annually. The expansion includes increasing domestic headcount.
US regulators cancel bank exams as Trump rollback gathers pace
Under President Trump's administration, U.S. regulators are easing up on bank oversight, reducing exams and disciplinary notices, as reported by industry executives. The shift involves less focus on non-core issues like reputational and climate change risk, with a greater emphasis on key financial metrics. This move aims to streamline supervision and support economic growth, though some worry about potential risks.
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Are Walmart, Publix, Target, and Kroger open on Labor Day 2025? Here’s the full list of store hours for Monday, September 1
Need last-minute groceries for the cookout? Labor Day 2025 falls on Monday, September 1, and while some big-box retailers like Costco will shut their doors, others — including Walmart, Publix, Target, and Kroger — are keeping shelves stocked for shoppers. Here’s the full list of which grocery and retail stores are open, which are closed, and what hours you can actually count on this holiday.
'Don’t say...': Accenture CEO Julie Sweet shares the golden advice that helped her rise to the top of the corporate ladder
Julie Sweet's career trajectory shifted when Accenture's CEO, Pierre Nanterme, saw her potential to lead. Despite not having a traditional business background, Sweet embraced the challenge, drawing on advice to accept stretch roles confidently. This led her to lead Accenture's North American practice and eventually become the global CEO, emphasizing continuous learning and challenging assumptions.
Rakesh Gangwal raises $501 million in downsized IndiGo sale
Rakesh Gangwal's attempt to reduce his stake in IndiGo faced a setback as the share sale size was reduced to 7.56 million shares, raising about $501 million, less than the initially planned $800 million. Concerns about potential US tariffs impacting economic growth arose. IndiGo shares experienced a 5.3% drop following the deal.
BlackRock pauses fundraising for latest Asia private credit fund
BlackRock paused fundraising for its third Asia-Pacific private credit fund following its merger with HPS Investment Partners, adding uncertainty to its regional ambitions. This pause comes amid broader challenges, including a key investor considering stake sales due to disappointing fund performance.
Why banks offer up to 50X reward points on credit card spends on their loyalty portals
With the rewards boost, banks are hoping not just to keep their high net-worth individuals (HNIs) and mass affluent customers happy and engaged, but also to make a neat profit on them, given that their portals have a slightly higher fare compared to booking directly with the airline or hotels.
JPMorgan names Jerry Lee global chair of investment banking, memo shows
JPMorgan Chase has appointed Jerry Lee, a seasoned industry expert, as the global chair of investment banking, anticipating a resurgence in dealmaking. Lee, formerly Goldman Sachs' global head of biopharma banking, brings extensive experience advising on over $300 billion in mergers and acquisitions. This strategic move positions JPMorgan Chase to capitalize on the expected investment banking boom in 2026.
Canva begins share sale at $42 billion valuation in road to IPO
Australian design software startup Canva has launched an employee stock sale. The company's valuation is now at $42 billion. This marks a significant increase. Investors like Fidelity and JPMorgan are participating. Canva is focusing on artificial intelligence. It aims to boost revenue and prepare for a potential IPO. Canva is competing with Adobe and Figma in the design space.
JPMorgan’s futuristic headquarters knows your face, your name, and even your latte preference
JPMorgan Chase’s newly opened $3 billion headquarters at 270 Park Avenue integrates advanced technology, wellness initiatives , and personalized services to design a modern workplace. Innovations like biometric scanners, circadian lighting, and QR-code coffee machines improved security, productivity, and employee well-being, bringing a new standard for the modern corporate offices.
How Pimco outmaneuvered Apollo, KKR to win $29 billion Meta deal
Morgan Stanley set up a $29 billion funding deal for Meta’s new AI data center in Louisiana. Two rival teams of big investors competed, and Pimco with Blue Owl won.
Americans are hoarding cash, but not in banks - here’s where savvy savers are stashing it
Best savings accounts for high yield: Despite persistent inflation and stagnant traditional bank balances, US consumer spending remains robust. A shift towards higher-yield options like money market funds, CDs, and brokerage accounts is fueling this trend. Notably, lower-income households are leading the surge in cash reserves, contributing to sustained spending even amidst economic challenges.
Berkshire invests in UnitedHealth, trims Apple stake
Berkshire said it owned 5.04 million UnitedHealth shares worth about $1.57 billion as of June 30. The disclosure came in a U.S. Securities and Exchange Commission filing detailing Berkshire's U.S.-listed common stock holdings as of June 30.
Is anybody fighting back in this trade war?
Donald Trump's trade policies, marked by tariffs unseen since the Great Depression, have reshaped global commerce, prompting concerns about economic consequences. While some predicted dire outcomes, the global economy has slowed but not crashed, with limited retaliation from other countries except China.
AI and machine learning: Driving a global tech revolution worth trillions
AI and ML are revolutionizing industries, promising a $15.7 trillion boost to the global economy by 2030. Healthcare sees earlier disease detection, while finance benefits from fraud prevention and automated trading. Retailers predict consumer habits, and manufacturers improve equipment lifespan.
Trump vs CEOs: Elon Musk, Apple's Tim Cook to Goldman Sachs CEO David Solomon - Full list of prominent Corporate executives whom Donald Trump has publicly blasted
Donald Trump criticized David Solomon in a post on Truth Social. Goldman Sachs Economics Research in a note published on August 10 said that U.S. consumers had absorbed 22 per cent of tariff costs through June and their share will rise to 67 per cent if the recent levies follow the same pattern as the earliest ones.
The RTO crisis: Return-to-Office mandates spark mass exodus of working moms across America
The American workplace faces a growing crisis as return-to-office mandates challenge many employees, particularly working mothers. Increased childcare costs, lengthy commutes, and inflexible schedules are prompting them to reconsider their jobs. While companies emphasize in-person work to enhance collaboration, many workers seek flexible options. The tension between corporate policies and employee needs highlights the need for adaptable work arrangements that support different personal situations and more productive workforce..
Booming Bitcoin muscles into an old-school investment club
Stodgy equity mutual funds, facing years of cash bleeding, are finding an unexpected boost from Bitcoin. A select few funds investing in Bitcoin ETFs have outperformed benchmarks significantly, with the digital token contributing to their returns. Despite controversies surrounding crypto, Bitcoin's impressive gains are becoming too compelling for some fund managers to ignore, potentially leading to wider adoption.
SoftBank selects banks for US IPO of payments app PayPay: Report
SoftBank is reportedly preparing to list its Japanese payments app operator, PayPay, in the United States, potentially raising over $2 billion. Goldman Sachs, JPMorgan Chase & Co, Mizuho Financial Group, and Morgan Stanley are leading the IPO preparations, which could occur as early as the final quarter of this year.
Can Trump's Fannie Mae and Freddie Mac IPO plan slash mortgage rates? Bill Ackman says...
Donald Trump is reportedly planning to IPO Fannie Mae and Freddie Mac, potentially the largest IPO in history. Billionaire Investor Bill Ackman suggests merging the two mortgage giants to reduce mortgage rates and government oversight costs. Ackman believes privatization could yield substantial gains for the government, citing their improved capitalization and government backing.
A global market based on gold bars shudders on tariff threat
A US ruling initially suggested gold imports would face tariffs, triggering market chaos and record price volatility. The potential tariffs threatened the complex global gold trading system, disrupting flows between key hubs and impacting futures markets. The administration is expected to clarify the situation, aiming to calm the turmoil caused by the unexpected announcement.
Before Intel, which CEOs drew Trump's ire?
Donald Trump has publicly criticised several major CEOs, including Intel's Lip-Bu Tan, Apple’s Tim Cook, and Tesla’s Elon Musk, over issues ranging from China ties to production choices. His interventions reflect a pattern of pressuring corporations on political and economic grounds, often sparking controversy and influencing public and investor sentiment.
ChatGPT now tells teenager how to get drunk and high, write heartbreaking suicide note. Shocking details emerge in study
About 800 million people, or roughly 10 per cent of the world’s population, are using ChatGPT, according to a July report from JPMorgan Chase.
Trump tariffs on key sectors may outlast his presidency, warns JPMorgan's geopolitics arm
JPMorgan Chase's Center for Geopolitics predicts U.S. import tariffs will stabilise near 22%, with duties on strategic sectors remaining. This stance, driven by bipartisan support for enhancing the U.S. industrial base, makes a return to pre-Trump trade policies unlikely. Companies recalibrating investments further solidify this shift, despite market hopes for softened trade relations.
Trump says JPMorgan, Bank of America rejected his business
Former U.S. President Donald Trump on Tuesday accused major banks of discriminating against him and his supporters, claiming that JPMorgan Chase and Bank of America refused to accept his deposits after his first term. Speaking to CNBC, Trump said banks denied him service for political reasons.
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