“ “ Trump talking about the COVID-19 risk gave investors an incredible gift: It kept the markets resilient much longer than they should, and allowed us to ensure that our portfolio was positioned sensibly. ” “ That’s Axon Capital co-founder Dinakar Singh, winking at the president and his handling of …
Read More »JPMorgan Beats Second Quarter Earnings Forecast, Suspends Stock Repurchase
JPMorgan Chase & Co. (JPM) – Get report It posted stronger-than-expected second-quarter earnings Tuesday, but said it would suspend its share buyback plans until at least the end of September and set aside more than $ 10 billion to absorb potential losses on bad loans. JPMorgan said net income for …
Read More »Dow futures rise 100 points as big banks kick off the earnings season
Stock index futures were aiming for a higher start on Tuesday when investors began to digest the second quarter results of a trio of big banks, kicking off the corporate earnings reporting season. What are the main indexes doing? Futures in the Dow Jones Industrial Average YM00, + 0.61% They …
Read More »Dow futures ahead of bank gains: China tensions lurk
Tuesday’s market minute Global stocks fall after last night’s sell-off on Wall Street as global coronavirus infections top 13 million. Infections in the US continue to rise to 3.3 million, with 135,000 deaths, prompting business closings in California and questions about the pace of the national economic recovery. China’s trade …
Read More »This is the busiest trade, fund managers say
The logos of the mobile applications Instagram, Snapchat, Twitter, Facebook, Google and Messenger are displayed on a tablet. denis charlet / Agence France-Presse / Getty Images Fund managers say the technology trade has never been so crowded. But that has not prevented them from betting too much on the sector. …
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