JPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total. The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a ribbon-cutting ceremony. The firm has roughly 5,000…
On Thursday (July 31) Statistics Canada released gross domestic product figures for May. The data shows the Canadian economy shrank for the second month in a row, edging down by 0.1 percent. The decline was headlined by decreases in the resource sector, which posted a 1 percent contraction, led by…
China summoned Nvidia to address security concerns regarding its H20 artificial intelligence chips sold in the Chinese market.The Cyberspace Administration of China (CAC), the country’s top internet regulator, convened a meeting with Nvidia representatives to investigate potential “backdoor security risks” and vulnerabilities in the H20 chips.This scrutiny comes amid revelations…
The so-called renewed meme stock phenomenon this year is nothing like the one the world witnessed in 2021, says Vlad Tenev, the chief executive of Robinhood Markets Inc (NASDAQ: HOOD).Tenev made the revelation in a post-earnings interview with CNBC today.On Thursday, Robinhood reported another strong quarter, with net income more…
Figma made a stunning entrance on the New York Stock Exchange on Thursday, with its shares more than tripling in value in early trading. The design software firm’s IPO, priced at $33 per share, saw its first trade at $85 and surged past $112 before trading was temporarily halted. The…
Nio Inc (NYSE: NIO) rallied about 10% late on Thursday following news that its sub-brand Onvo saw its newly launched L90 electric SUV got sold out in less than three hours.L90’s launch event in Hangzhou concluded Thursday night – and shortly after, the online configurator went live, triggering a wave…
The August 1 deadline has arrived, and with it, a new era of US trade policy. President Donald Trump’s administration has officially announced its “reciprocal” tariff rates on countries around the globe, sticking to a steep 25% tariff on India, while surprisingly slashing rates for other South Asian nations like…
Asian stock markets kicked off Friday’s session with a clear sense of unease, declining for a sixth consecutive day in what has become their longest losing streak of the year. The cautious mood was driven by President Donald Trump’s announcement of new, specific tariff rates, a move that is overshadowing…
European stock markets are poised for a lower open on Friday, with futures pointing to declines across most major bourses. Investor sentiment is being hit by a triple whammy of a profit warning from industrial giant Daimler Truck, a fresh and unexpectedly steep US tariff on Switzerland, and a deluge…
Asian currencies dropped sharply on Friday, with South Korea’s won and Malaysia’s ringgit suffering the steepest declines, as US President Donald Trump announced sweeping new tariffs on imports from dozens of trading partners. The move sparked a retreat from riskier regional assets, highlighting investor anxiety about the direction of global…