JP Morgan reportedly had to oust a security chief backed by Palantir after executives found out he was spying on them
J.P. Morgan Chase reportedly ousted its “special operations” head after learning that his insider security group had started spying on the bank’s top executives. With the help of more than 100 engineers from the data mining company Palantir, Peter Cavicchia...
Bitcoin ‘miners’ are losing money at any price below $8,600: Morgan Stanley
If bitcoin can’t recover $8,600 soon, bitcoin “miners” will likely find it unprofitable to keep creating the cryptocurrency, Morgan Stanley analysts said. Bitcoin traded slightly higher near $8,200 on Thursday, according to CoinDesk. It has struggled to recover in the...
Clorox shares drop 6% after Morgan Stanley downgrades, says consumers shifting to smaller brands
Shares of Clorox fell 6 percent on Thursday after Morgan Stanley downgraded the stock, noting the company is face strong headwinds. Dara Mohsenian, an analyst at the investment bank, cut his rating on Clorox to underweight from equal weight and...
Barclays slashes first quarter GDP projection to just 1.5 percent as early-year growth hopes dim
Hopes are continuing to dim for breakout first-quarter growth, as economists scale back expectations. Barclays became the latest to capitulate, as it slashed its first quarter estimate for gross domestic product from 2.5 percent all the way to 1.5 percent....
Global trade has an issue with trust, IMF’s Lagarde says
The lack of trust among global trade partners must be fixed, Christine Lagarde, managing director of the International Monetary Fund (IMF), told CNBC on Thursday. Tensions in global trade have spiked in recent months, with the U.S. imposing new metal...
Your first trade for Thursday, April 19
The “Fast Money” traders shared their first moves for the market open. Pete Najarian was a buyer of Devon Energy. Tim Seymour was a buyer of GW Pharmaceuticals. Dan Nathan was a seller of the VanEck Vectors Semiconductor ETF. Guy...
FX: Big corporates ramp up algo usage
Data released by Greenwich Associates last year referred to a very slight decline in the percentage of the largest corporates (those trading in excess of $50 billion annually) using algos, while their use among smaller corporates rose significantly, albeit from...
US weekly jobless claims fell, indicating continued job growth after a slowdown in March
New applications for U.S. unemployment benefits fell last week, indicating continued job growth after a slowdown in March. Initial claims for state unemployment benefits fell 1,000 to a seasonally adjusted 232,000 for the week ended April 14, the Labor Department...
At the last minute, AT&T withdraws the planned IPO of its Vrio unit
AT&T has withdrawn its planned initial public offering of Vrio, its DirecTV business in Latin America, just hours before the new stock was to start trading. AT&T said in a statement on Wednesday that the decision to withdraw Vrio’s IPO...
75% of the ultra-rich forecast a US recession in the next two years, survey finds
The U.S. economy is firing on all cylinders, yet 75 percent of ultra-high net worth investors predict it will hit recession by 2020, a J.P. Morgan survey found. Of those expecting an economic downturn in the U.S., a fifth of...
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