The deal is the latest in a string of fintech acquisitions made under CEO Jamie Dimon. Since 2020, JPMorgan has acquired a half-dozen startups.
Schlagwort-Archiv: Financial
Stocks making the biggest moves premarket: GameStop, Luminar Technologies, Virgin Orbit & more
Shares of Richard Branson’s Virgin Orbit Holdings soared on a report it is nearing a $200 million investment deal, rescuing it from potential bankruptcy.
Here’s everything the Federal Reserve is expected to do Wednesday
The Fed will close its two-day meeting Wednesday with a heavy air of uncertainty.
Goldman Sachs is using ChatGPT-style A.I. in house to assist developers with writing code
Goldman Sachs developers are internally using generative AI tools to assist their code writing, according to a top executive at the bank.
DCG-owned crypto exchange Luno replaces CEO, seeks outside investment after layoffs
Marcus Swanepoel, the CEO of crypto exchange Luno, is now executive chairman. He’ll focus on helping Luno seek funding from investors other than DCG.
Geely shares jump after automaker beats revenue expectations for 2022
For 2023, Geely set a sales target of 1.65 million units and said it aims to double the share of new energy and electrified vehicle sales.
Nike’s holiday quarter plagued by bloated inventory, weak China sales
Investors have been watching to see if Nike’s gross margins improve from its direct-to-consumer channels.
GameStop stock soars after retailer posts first quarterly profit in two years
GameStop has been in the midst of a turnaround and posted its first quarterly profit in two years.
Satellite maker Terran Orbital sees annual revenue climb near $100 million
Terran Orbital reported fourth-quarter results on Tuesday, posting annual revenue that more than doubled while the company continued to build its order backlog.
Watch Treasury Secretary Janet Yellen speak live to banking conference
Yellen said authorities are prepared to extend unlimited deposit insurance to other banks if necessary.