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Ericsson: After CEO Vestberg’s Departure, Gross Profit is Priority, Says JP Morgan

Shares of telecom giant Ericsson (ERIC) are up 28 cents, or almost 4%, at $7.64, in early trading after the company this morning announced at the start of European trading that its CEO of seven years, Hans Vestberg, will step down, and that its CFO, Jan Frykhammer, will take over on an interim basis. Ericsson’s ordinary […]

Opening Bell: 7.14.16

JP Morgan beats estimates; Larry Fink doesn't trust equities rally; Craigslist users offer 'Pokemon Go' chauffeur service for players; and more.

The Minimum Wage in America Must Rise, So Says Giant Company CEOs

JP Morgan Chase is raising it’s internal minimum wage from $10.70 per hour to $12.00 per hour. Jamie chief executive of JPMorgan Chase, writes in the New York Times: A pay increase is the right thing to do. Wages for many Americans have gone nowhere for too long. Many employees who will receive this increase work as […]

JP Morgan and Starbucks Up Pay for Workers

J.P. Morgan Chase CEO Jamie Dimon wrote in the New York Times that over the next three years the bank will raise its minimum salary of $10.15 an hour to between $12 and $16.50 an hour

JP MORGAN: Your next finance job could be in Madrid

Brexit is testing the nerve of banks based in London. The question of when and how the UK will leave the European Union, and what will become of banks' ability to passport services into the Continent, has driven banks to reassess their...Show More Summary

Correcting (again) the hype around electric cars

The latest corrective to electric car media hype comes to us from Michael Cembalest of JP Morgan Asset Management, who makes his living advising people where to invest their hard-earned money, and who therefore cannot afford the flights of motivated reasoning that afflict much of the press on this subject. In fairness to the press, […]

JP Morgan says Scottish independence, new currency now its 'base case'

LONDON (Reuters) - U.S. bank JP Morgan said on Wednesday it now expects Scotland to vote for independence and introduce its own currency before Britain leaves the European Union in 2019. "Our base case is that Scotland will vote forShow More Summary

Firms plan to quit UK as City braces for more post-Brexit losses

... fears are spreading that an estimated 100,000 roles could be lost in the financial sector if banks press on with contingency plans to move jobs out of the UK...US bank JP Morgan has warned 4,000 jobs will go and HSBC has said 1,000 City jobs will move to France. Show More Summary

TubeMogul, Match Among Internet Biz With ‘Optics’ Issue in New SEC Rules, Says JP Morgan

J.P. Morgan’s Doug Anmuth today warns followers of Facebook (FB), Amazon.com (AMZN) and other ‘Net stocks that the Securities & Exchange Commission has made “updates” to its policies regarding accounting for non-GAAP items, and thatShow More Summary

JP Morgan just handed us a tragic example of Wall Street at its most basic

Over the years, Wall Street has tried over and over to change its image as a workplace mainly for straight white males who come from the same families, went to the same schools, and share the same views on everything from fiscal responsibility...Show More Summary

Global Financial Giants Fund Deadly Cluster Bomb Production

JP Morgan, the Bank of America and other financial institutions have been funding the production of banned cluster munitions, which are responsible for the deaths of thousands of civilians in Yemen.

Business Casual Dress: It’s Complicated

When even the bankers and accountants are dressing down, you know that casual dress is here to stay as a workplace norm. JP Morgan and PricewaterhouseCoopers are the latest to hang up their suits. While business casual is hardly news … [Read more...] The post Business Casual Dress: It’s Complicated appeared first on Lindsey Pollak.

JP Morgan downgrades Apple stock expectations on negative macro trends, Apple Watch forecast

For all the new software platform features Apple announced this week at WWDC, including a glimpse at future iOS product capabilities and internet services enhancements, JP Morgan remains cool to the company's stock prospects for 201...

Visa and PayPal could be about to split

PayPal was, for quite some time, the only real player for online payments. This led to Visa's friendly relationship with the company, according to remarks made by Visa CEO Charles Scharf at the JP Morgan Technology, Media, and Telecom conference. Show More Summary

Layoffs Watch ’16: JP Morgan

The bank said goodbye to 100 employees who cater to the rich yesterday.

Google’s Tensor Intriguing, But Nvidia is the Incumbent, Says JP Morgan

J.P. Morgan semiconductor analyst Joseph Moore today reflects on Alphabet’s (GOOGL) announcement last week, at its annual developer conference, Google I/O, that it has been developing in secret a chip of its own to speed up machine learning,...Show More Summary

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