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JPMorgan Chase & Co

Morgan Stanley is about to report earnings — here’s what to expect

Morgan Stanley is about to report earnings — here’s what to expect

Business News

Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $1.58 a share, according to LSEG Revenue: $14.41 billion, […]

Morgan Stanley is about to report earnings — here’s what to expect Read More »

Bank of America earnings are out – Here are the numbers

Bank of America earnings are out – Here are the numbers

Business News

Bank of America Chairman and CEO Brian Thomas Moynihan speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, U.S., December 6, 2023.  Evelyn Hockstein | Reuters Bank of America reported third-quarter earnings before the opening bell Tuesday. Here’s what the company reported

Bank of America earnings are out – Here are the numbers Read More »

Nvidia-backed CoreWeave gets 0 million credit line from top Wall Street banks

Nvidia-backed CoreWeave gets $650 million credit line from top Wall Street banks

Finance News

In this photo illustration, a Core Weave logo is displayed on a smartphone with stock market percentages on the background. Omar Marques | SOPA Images | Lightrocket | Getty Images CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to

Nvidia-backed CoreWeave gets $650 million credit line from top Wall Street banks Read More »

Cerebras IPO has ‘too much hair’ as AI chipmaker tries to sell Wall Street on Nvidia alternative

Cerebras IPO has ‘too much hair’ as AI chipmaker tries to sell Wall Street on Nvidia alternative

Finance News

Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images AI chipmaker Cerebras is trying to be the first major venture-backed tech company to go public in the U.S. since April and to capitalize on investors’ insatiable

Cerebras IPO has ‘too much hair’ as AI chipmaker tries to sell Wall Street on Nvidia alternative Read More »

The Fed is finally cutting rates, but banks aren’t in the clear just yet

The Fed is finally cutting rates, but banks aren’t in the clear just yet

Business News

Federal Reserve Board Chairman Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., September 18, 2024. REUTERS/Tom Brenner Tom Brenner | Reuters Falling interest rates are usually good news for banks, especially when the cuts aren’t a harbinger of recession. That’s

The Fed is finally cutting rates, but banks aren’t in the clear just yet Read More »

OpenAI gets billion revolving credit line, giving it more than billion in liquidity

OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity

Finance News

OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news on Wednesday that OpenAI closed its recent funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big

OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity Read More »

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams

Business News

JPMorgan Chase CEO and Chairman Jamie Dimon gestures as he speaks during the U.S. Senate Banking, Housing and Urban Affairs Committee oversight hearing on Wall Street firms, on Capitol Hill in Washington, D.C., on Dec. 6, 2023. Evelyn Hockstein | Reuters Buried in a roughly 200-page quarterly filing from JPMorgan Chase last month were eight

Why JPMorgan Chase is prepared to sue the U.S. government over Zelle scams Read More »

JetBlue to open airport lounges in New York and Boston in battle for big spenders

JetBlue to open airport lounges in New York and Boston in battle for big spenders

Business News

JetBlue planes at JFK’s Terminal 5 in New York. Leslie Josephs | CNBC JetBlue Airways will open its first airport lounges in its more than two decades of flying, a major shift for the low-cost airline as it chases high-spending travelers. The lounges will open at New York’s John F. Kennedy International Airport late next

JetBlue to open airport lounges in New York and Boston in battle for big spenders Read More »

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs

Business News

Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on Monday, March 25, 2019, in Cupertino, California. Noah Berger | AFP | Getty Images Apple is in discussions with JPMorgan Chase for the bank to take over the tech giant’s flagship credit card program from Goldman Sachs, a person with

Apple is in talks with JPMorgan for bank to take over card from Goldman Sachs Read More »

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