JPMorgan is taking on one of the most notorious problems on Wall Street
JPMorgan on Thursday told its investment bankers that they should take weekends off when they’re not working on imminent deals. The new initiative, dubbed “Pencils Down,” aims to return some “life” to the work-life balance of bankers. It’s something that … Continue reading at businessinsider.com
Stockman: The markets are in store for a 'thundering reset'
Wall Street is breathing a sigh of relief after the S&P 500 Index managed to eke out its first weekly gain of the year. Despite the signs of strength, one prominent market watcher says stocks are still in store for a “thundering reset.” “I think we have a … Continue reading at cnbc.com
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PBOC Faces Money-Market Stability Challenge for Chinese New Year
The People's Bank of China is adding administrative orders to its toolbox to calm money markets amid record capital outflows and a surge in cash demand before Year of the Monkey celebrations. The monetary authority told some banks to cancel repurchase … Continue reading at bloomberg.com
Regulators order new steps to contain gas leak near Porter Ranch
Regulators on Saturday approved a comprehensive abatement order that requires Southern California Gas Co. to take immediate steps to contain a massive natural gas leak in Porter Ranch, permanently shut down the damaged well, establish a leak detection … Continue reading at latimes.com
This is the single most important chart during a stock market crash
Thomson ReutersTraders work on the floor of the New York Stock Exchange after U.S. Federal Reserve raised interest rates in New York Optimistic investors held out hope that the second week of trading would bring a rebound following the worst five-day start … Continue reading at businessinsider.com
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Johnson Controls in Advanced Talks to Combine With Tyco — Sources
Johnson Controls Inc. is in advanced talks to combine with Tyco International PLC, according to people familiar with the matter, in a deal that could be valued as high as $ 20 billion and signal that recent market volatility won’t derail a surge in takeover … Continue reading at nasdaq.com
Earnings season picks up steam this week
Specialist Michael Pistillo works on the floor of the New York Stock Exchange Wednesday, July 9, 2014. (Photo: AP) Investors are gearing up for a busy week of earnings – and they’ll be looking beyond the numbers. More than 130 companies in the Standard … Continue reading at usatoday.com
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Kuroda in Davos Gives No Hint of BOJ Appetite to Expand Stimulus
Bank of Japan Governor Haruhiko Kuroda has preserved his capacity to surprise the market when his policy board meets this week after using his trip to Davos to play down the impact of recent turbulence on Japan's economy. “At this stage, we don't think … Continue reading at bloomberg.com
Value Investing 2016: 3 Stocks to Put on Your Radar
The stock market is off to a rough start in 2016 as investors fret about China’s growth and the price of oil. But as stock prices fall some values start to emerge for investors who want to be greedy while others are fearful. Here are three value stocks you … Continue reading at nasdaq.com
Creative Planning Raises Position in iShares Barclays 1-3 Year Credit Bond Fd (CSJ)
Creative Planning increased its stake in shares of iShares Barclays 1-3 Year Credit Bond Fd (NYSE:CSJ) by 98.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The hedge fund owned 2,510 … Continue reading at watchlistnews.com
* John Pierpont “J.P.” Morgan (April 17, 1837 - March 31, 1913) was an American financier, banker, and art collector who dominated corporate finance and industrial consolidation during his time. In 1892, Morgan arranged the merger of Edison General Electric and Thomson-Houston Electric Company to form General Electric. He was instrumental in the creation of the United States Steel Corporation.
At the height of Morgan’s career during the early 1900s, he and his partners had financial investments in many large corporations and had significant influence over the nation’s high finance and United States Congress members. He directed the banking coalition that stopped the Panic of 1907. He was the leading financier of the Progressive Era, and his dedication to efficiency and modernization helped transform American business.
Morgan died in Rome, Italy, in his sleep in 1913 at the age of 75, leaving his fortune and business to his son, John Pierpont Morgan, Jr.