Returns on AI capex have been a looming question for Wall Street investors, but JPMorgan says that elusive AI monetization is a big reason it’s boosting its S&P 500 price target for the year. The bank’s strategists hiked their target for the benchmark index on Monday, as they eye an “increasingly visible” payoff from the
BitcoinBTC and cryptocurrencies—including major coins ethereum, XRPXRP and solana—have rocketed higher in recent months (with one Wall Street legend warning the U.S. dollar is “finished”). The bitcoin price has topped $43,000 per bitcoin, adding billions to the combined ethereum, XRP, solana and crypto market, and could have now turned a corner, according to a surprise
Jamie Dimon doesn’t often give hour-long interviews, but when he does, he covers a lot of ground. The JPMorgan CEO appeared on “The Master Investor Podcast with Wilfred Frost” on Monday, days after reporting the bank’s highest-ever quarterly profit of $21.2 billion, and describing an environment that is “about as good as it gets” for
JPMorgan executives sometimes receive emails from a colleague who signs in all caps: JACK. JACK, however, is not a single person. It’s the shared identity of John China and Andrew Kresse, who co-lead the bank’s Innovation Economy team for founders and venture capital firms. The nickname started as a practical solution, Kresse told Business Insider.
Charlie Javice, the convicted Frank founder, is reportedly seeking a presidential pardon, with her camp quietly courting people close to the Trump administration, according to the WSJ. So far, her name hasn’t turned up on a formal clemency request list at the Justice Department, it adds. That list is growing fast. As the administration reportedly