Finance

JPMorgan says its CEO Jamie Dimon has had emergency heart surgery but is recovering March 6, 2020, 12:43 AM 2 min read NEW YORK — JPMorgan said that CEO Jamie Dimon underwent emergency heart surgery Thursday, but is recovering. The nation’s largest bank by assets said in a message to its more than 250,000 employees […]

WASHINGTON — One of President Trump’s greatest strengths in his presidential campaign is his economic salesmanship: He has convinced a devoted share of Americans that his leadership has made the U.S. economy bulletproof and that markets would crash if he were defeated in November. The president’s ability to set the economic narrative is buoyed by

The federal agency that oversees the financial condition of U.S. banks says it will offer voluntary early retirement to about 20% of its 5,800 employees By MARCY GORDON Associated Press March 5, 2020, 11:24 PM 3 min read WASHINGTON — The federal agency that oversees the financial condition of U.S. banks says it will offer

Two years ago Munich Re, the reinsurance giant, tried to start underwriting a new kind of insurance — one that would make a company whole if its business tanked in an epidemic. For months, there were no takers. Then came the coronavirus outbreak. “Now, quite honestly, we probably have a six-month backlog in getting quotes

Mike Bloomberg is out of the Democratic presidential race, but he’s not done trying to beat President Donald Trump By KATHLEEN RONAYNE Associated Press March 5, 2020, 9:47 PM 3 min read SACRAMENTO, Calif. — Mike Bloomberg is out of the Democratic presidential race, but he’s not done trying to beat President Donald Trump. The

4. Certain individual tax breaks have been extended this year. Do any apply to me? Quite possibly, if you had education expenses, significant medical costs or made energy-efficient improvements to your home. Several popular tax breaks that expired at the end of 2017 have now been renewed for tax years 2018 through 2020, (which means

Now that he’s in charge, Mr. Calhoun has become more willing to openly criticize Mr. Muilenburg. He said the former chief executive turbocharged Boeing’s production rates before the supply chain was ready, a move that sent Boeing shares to an all-time high but compromised quality. “I’ll never be able to judge what motivated Dennis, whether

BANGKOK — The global march of the new virus triggered a vigorous appeal Thursday from the World Health Organization for governments to pull out “all the stops” to slow the epidemic, as it drained color from India’s spring festivities, closed Bethlehem’s Nativity Church and blocked Italians from visiting elderly relatives in nursing homes. As China,

The average rate on a 30-year fixed mortgage has hit a record low of 3.29%, driven down by investors shifting money into the safety of U.S. Treasurys as the viral outbreak deepens March 5, 2020, 4:45 PM 3 min read WASHINGTON — The average rate on a 30-year fixed mortgage has hit a record low

Stocks are opening sharply lower on Wall Street, erasing 2% from major indexes, a day after surging 4% as the mood swings back to fear By STAN CHOE AP Business Writer March 5, 2020, 2:45 PM 3 min read NEW YORK — And back down goes the U.S. stock market. The S&P 500 sank more