JPMorgan Chase pays $250 million penalty over weak controls in its wealth management division

Justin Sullivan | Getty ImagesJPMorgan Chase agreed Tuesday to pay a $250 million fine after one of its U.S. regulators found a "pattern of misconduct" in its asset and wealth management division.The Office of the Comptroller of the Currency said in a release that the New York-based bank's risk management controls were "deficient" and the firm couldn't avoid "conflicts of interest" in the business."For several years, the Bank maintained a weak management and control framework for its fiduciary activities and ...

Stocks making the biggest moves midday: Amazon, Tesla, AstraZeneca, Carnival & more

An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020.Amazon.com Inc | ReutersCheck out the companies making headlines in midday trading. Moderna — The drugmaker's stock jumped 16.4% after AstraZeneca's CEO said the company would run another trial on its coronavirus vaccine candidate amid questions over the drug's effectiveness. Pizer and BioNTech, which are also working on their own vaccine, gained ...

Stocks rise as Wall Street heads for winning week and a historic month

Stocks rose on Friday as traders wrapped up a strong week amid decreasing political uncertainty and positive vaccine news.The Dow Jones Industrial Average traded higher by 38 points, or 0.1%. The S&P 500 gained 0.3% and the Nasdaq Composite advanced 1%.The Dow, S&P 500 and Nasdaq were all up at least 2% for the week entering Friday's session. Earlier in the week, the Dow jumped to an all-time high, breaking above 30,000 for the first time. The S&P 500 also ...

Stocks making the biggest moves after hours: Gap, Nordstrom, Dell Technologies & more

Check out the companies making headlines after hours on Tuesday:HP Inc. — Shares of the computer hardware builder jumped more than 7% in after-hours trading on the back of stronger-than-expected quarterly results. HP Inc. posted earnings of 62 cents per share on revenue of $15.26 billion. Analysts expected a profit of 52 cents per share on revenue of $14.72 billion, according to Refinitiv. The company also issued better-than-expected earnings guidance for its fiscal first quarter.Gap — Gap reported disappointing quarterly ...

Goldman Sachs bankers are using flying drones to help clinch billion-dollar M&A deals

Richard Newstead | Moment | Getty ImagesDrones have arrived on Wall Street.Goldman Sachs, the world's top mergers advisor, is among investment banks using drone technology to give its clients a bird's-eye view of the companies they are bidding on, according to Stephan Feldgoise, the firm's global co-head of mergers and acquisitions.After Covid-19 made the prospect of hosting in-person visits with groups of bidders unsafe, commercial-grade drones have been used to conduct virtual tours of everything from shipping ports and railroads ...

Fed weighed adjusting bond purchases to provide more help to economy ‘fairly soon,’ minutes show

Federal Reserve officials indicated at their last meeting that adjustments could be made soon to their bond-buying program as the central bank looks to alternate ways it can support the economy.The Fed on Wednesday released minutes from its Nov. 4-5 policy meeting. Officials at that gathering voted to keep benchmark short-term borrowing rates anchored near zero.Market participants were looking to the minutes to gauge where policymakers stand on possibly ramping up or adjusting the asset purchase program, which currently has ...

14 million workers face losing unemployment benefits at the end December

Capitol Building in Washington, D.C.DEA / M. BORCHI | De Agostini | Getty ImagesNearly 14 million American workers are collecting unemployment benefits through programs that will lapse at the end of the year without congressional action.Expiring aid would leave many without income at a time when protections for renters, homeowners and student loan borrowers are scheduled to end, applications for unemployment benefits are rising and elevated Covid-19 infections threaten to hobble more businesses."The risk to the economy right now is ...

Dow futures rise more than 100 points after record day on Wall Street

U.S. stock futures rose on Tuesday night following a banner day for three of the for major market benchmarks.Dow Jones Industrial Average futures traded higher by 132 points, or 0.4%. S&P 500 futures climbed 0.4% and Nasdaq 100 futures advanced 0.6%.The Dow broke above 30,000 for the first time on Tuesday, rallying more than 400 points. Tuesday's rally put the Dow on pace for its biggest monthly gain since 1987, up more than 13%."The Dow passing 30,000 represents achievement of ...

Square and PayPal may be the new whales in the crypto market as clients flock to buy bitcoin

The PayPal application can be seen on a mobile phone.Felix Kästle | picture alliance | Getty ImagesFintech companies are helping fuel demand for bitcoin as they open the floodgates for millions of people to trade it.By one firm's analysis, PayPal and Square clients have been buying the majority of the new bitcoin supply entering the market each day. Hedge Fund Pantera Capital estimates that Square clients have accounted for 40% of bitcoin that enters the market in the two years ...

Benefits Of Reading Financial News On A Daily Basis

Nowadays, one of the most outstanding features of an individual is an ability to constantly learn new skills via the Internet. Thus, be reading financial news one may become much more proficient in all economic aspects of life and respective decision-making. By reading business news, one can easily understand the general context of the country’s economic development. And these are only some of the benefits of always reading today’s financial news.

Generally speaking, finance news equips us for so much more than simply stock market decisions. Even if you are not an investor or employee of the big 4, there is a lot to learn from these for daily decision making. From buying a house or taking a car loan, the latest financial news are always there to help you make the most rational decisions considering significant financial investments these could entice. This is not to mention if you are an investor and cannot live without stock market news today updates.

Becoming A Rational Decision-maker With Free Financial News

It is a well-known fact that people are intrinsically irrational creatures. It is a common practice to buy something in a hot-headed state and then regret it. The simplest example would be the merchandising trick of all groceries stores putting some sweets and gums right near the cashier’s desk.

Whether you need it or not, you are more likely to buy it. Well, gum is nothing as compared to real estate investment. The latter decisions have to be backed with certain knowledge which can be acquired through the following categories of updates:

  • stock market news: especially for those who want to create passive income in future, stock news today are crucial to keeping abreast of. They help one decide where and how much to invest. It also allows to better understand the status quo at the market;
  • international developments: for private persons with interests abroad, this section would be of crucial importance. Let us say, that somewhere in the world property prices are decreasing and you do not know about it. Such a situation will never take place in case of regular reading;
  • banking regulations: for those who need to take out a loan or deposit money with the bank, knowing what is going on in the banking industry is a must.

Even though some editions and newspapers are not completely trustworthy, the news is still of extreme importance to any person living in the times where money play such a significant role.

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