JPMorgan Financial News

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Subscribe to enjoy similar stories. JPMorgan Chase is joining the list of traditional financial firms seeking to bring blockchain technology to an investing staple: the money-market fund. The banking giant’s $4 trillion asset-management arm is rolling out its first tokenized money-market fund on the Ethereum blockchain.

Subscribe to enjoy similar stories. Tesla investors got an early Christmas present this past week: a possible stake in a hot initial public offering. Bloomberg reported that Elon Musk’s SpaceX might be headed for a 2026 initial public offering, raising up to $30 billion.

Subscribe to enjoy similar stories. A wave of warnings over Kaynes Technology’s finances has rattled India’s electronics manufacturing sector (EMS), sharpening focus on the industry’s ability to fund the heavy investments required to tap upcoming government incentives. Brokerage firm Kotak Securities’ notes on the company this month has had a cascade effect on the wider sector.

Subscribe to enjoy similar stories. JPMorgan Chase is giving a payment of up to $1,000 to employees whose annual pay is less than $80,000, many of whom will receive it in the form of a contribution to JPMorgan retirement plans, Chief Executive Officer Jamie Dimon said in a staff memo on Tuesday. Employees qualify for the payment if they participate in the bank’s U.S.

Subscribe to enjoy similar stories. Jamie Dimon wants to protect America from potential foreign adversaries. He is assembling a group of national titans and close friends, from Jeff Bezos to Condoleezza Rice, to help him get it ready.

Subscribe to enjoy similar stories. Berkshire Hathaway’s top ranks are changing hands as it prepares for the imminent retirement of its founder Warren Buffett. One of Buffett’s top lieutenants, Todd Combs, Berkshire’s investment manager and chief executive of its Geico insurance unit, is stepping down to join JPMorgan Chase to head up the bank’s recently launched security and resiliency initiative.

Subscribe to enjoy similar stories. Berkshire Hathaway’s top ranks are changing hands as it prepares for the imminent retirement of its founder Warren Buffett. One of Buffett’s top lieutenants, Todd Combs, Berkshire’s investment manager and chief executive of its Geico insurance unit, is stepping down to join JPMorgan Chase to head up the bank’s recently launched security and resiliency initiative.

Subscribe to enjoy similar stories. Cash is looking more and more attractive these days. Stocks tumbled after President Trump escalated his trade war against the rest of the world.

U.S. economy is heading into troubled waters. That’s the latest warning from J.P. Morgan, which on Friday forecasted a full-year contraction in gross domestic product for 2025 — the first major Wall Street institution to do so. “We now expect real GDP to contract under the weight of the tariffs, and for the full year (4Q/4Q) we now look for real GDP growth of -0.3 per cent, down from 1.3 per cent previously,” said Michael Feroli, the firm’s chief U.S. economist, in a note to clients, as reported by Bloomberg. Feroli anticipates a two-quarter recession in the second half of 2025, with GDP shrinking 1% in Q3 and 0.5% in Q4. The cause? A dramatic escalation in U.S. trade policy under President Trump.

JPMorgan has raised its estimate of a US recession occurring before the end of the year. The bank now sees a 60% probability, up from its previous 40% estimate. The increase follows President Donald Trump’s announcement of new tariffs. These tariffs impact global markets and business conditions.

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Barclays, and Bank of America are sounding warnings over the prospect for a recession across the globe following US president Donald Trump's latest imposition of high tariffs, reported CNBC. JPMorgan said that if the tariffs remain imposed for long, it might lead the United States and the world into a recession, according to the report.

Reliance Industries Ltd (RIL) fell 4.3% to Rs 1,194 in Friday’s intraday trade on the BSE, as markets reacted to global developments, including the Trump administration’s latest tariff revisions. According to a White House document released on Friday, reciprocal tariffs have been updated for 14 countries, including India. While Trump had earlier announced a 27% tariff on Indian goods, the revised figure now stands at 26%. The aggressive tariff stance has reignited concerns over a potential global trade war, dampening sentiment across sectors — with heavyweights like RIL also coming under pressure.

Citibank's latest forecast means it expects a total of 100 basis points in rate cuts for the year, in line with those predicted by JPMorgan and Nomura. The Reserve Bank of India cut the repo rate by 25 basis points to 6.25% in February, its first in nearly five years. The 27% tariff imposed by the U.S. on Indian imports could impact GDP growth in 2025-26 by close to 40 basis points, Samiran Chakraborty, Citi's chief India economist, said in a report. «If these tariffs lead to a material global growth slowdown, then potentially that could impart a larger negative effect on India's exports,» Chakraborty said. «Also, we are worried that persistent uncertainty around continuously negotiated tariffs could depress private investment intentions and affect GDP growth too,» he said.

“The element of uncertainty regarding reciprocal tariffs is expected to decrease with the tariff declaration today. However, considering Trump’s flip-flops on tariffs in the past, the uncertainty is likely to persist beyond today,” says Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Investments.

JPMorgan has downgraded HCL Technologies to «neutral» from «overweight», citing weak fourth-quarter performance, sluggish deal wins, and macroeconomic uncertainties. The brokerage has also slashed target prices for four major Indian IT stocks, reflecting a cautious stance on the sector’s near-term growth prospects. Meanwhile, the brokerage upgraded Tech Mahindra to «neutral» from «underweight», viewing it as a «self-help margin story,” though it left the company’s target price unchanged at Rs 1,500.

Visa has offered Apple roughly $100 million to take over the tech giant's credit card partnership from Mastercard, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter. Visa has made a bold push to secure the Apple Card, offering an upfront payment typically reserved for the largest card programs, WSJ reported. Visa declined to Reuters' request for comment.

Indian bonds surged to the highest in nearly a decade this financial year, mitigating the impact of sustained equity outflows barring the last ten days of March, as the country's inclusion in major international sovereign debt indices and North Block's robust fiscal discipline help expand the global market for local debt. Foreign institutional investors (FIIs) have pumped ₹1.43 lakh crore into Indian debt in FY25 — the highest ever recorded since FY15, showed data compiled by IndiaBonds.

From America's largest bank to its biggest asset manager, Wall Street investment strategies once reserved for private banking clients are increasingly being offered to Main Street investors.