Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations. During the 19th and early 20th centuries, in an era before government bailouts became de rigueur, private banks and even some individual citizens had enough financial resources and influence to step into financial panics to calm markets. They were often the only lender of last resort. Cornelius Vanderbilt stepped in to quell the Panic of 1873, rescuing a few troubled railroads (and becoming the undisputed titan of the industry as a result). Vanderbilt became so powerful that his mere presence strolling down Wall Street could provide brokers the confidence they needed to buy stocks.
Your article was successfully shared with the contacts you provided. J.P. Morgan investment strategists see a greater recession risk given the Federal Reserve’s latest rate hike. They acknowledged that client emotions may be running high and suggested some investments that could ease fears of further market drops. David Kelly,...
Shares of Coinbase Global Inc. were set to extend their slide Tuesday after an analyst at J.P. Morgan abandoned his bullish call in the wake of an "extreme decline" in cryptocurrency prices.
June 13 (Reuters) - Apple Inc's (AAPL.O) revenue from gaming and music offerings is expected to jump 36% to $8.2 billion by 2025, J.P.Morgan said on Monday, as the iPhone maker taps its huge user base to drive its subscription services. The two services are likely to have a combined...
A pair of major banks are sounding the alarm on weak U.S. imports. This week, analysts from J.P. Morgan and Bank of America warned that U.S. imports have declined in recent weeks. The main culprits include weaker U.S. consumer activity and strict lockdowns in China. Bank of America noted imports...
Inflation is wreaking havoc on many consumers today. That, combined with overseas tensions and interest rate hikes, could lead to an economic downturn. It's fair to say the U.S. economy is in a strange place. On the one hand, jobs are plentiful and companies are even raising wages in an effort to hire. On the other hand, inflation is forcing many consumers to make hard choices and rack up debt just to make ends meet.