J.P. Morgan economists slashed their outlook for second quarter growth to just 1% from a previous 2.25%.
The two threats to U.S. growth are global economic developments, as well as the uncertainty of the trade war impacting business sentiment and activity.
Since when has JPM been right on projections.
Are these the same people predicting a recession for two and a half years
Do not beleive this forecast too much momentum best guess GDP 2.5%
i don’t believe forecast anymore
Saving this tweet.
Copper and oil price seem to be reflecting the downward pressure in GDP.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JP Morgan warns 3M's troubles will continue, may cut dividend 'after 37 straight years of increase'Shares of 3M have been hit hard since the company's disappointing first-quarter earnings report. $$$$$$$$$$$$$$ouch$$$$$$$$$$$$$$$$$$$$$$$$$$ 🧐
Source: CNBC - 🏆 12. / 72 Read more »
Political risks may be supporting oil prices, but that's likely just short term, JP Morgan saysOil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply. Amazing Tweet, We also use InstaCryptoNews for instant info
Source: CNBC - 🏆 12. / 72 Read more »
Target upgraded by JP Morgan as the retailer is proving safe from Amazon 'boogeyman'J.P. Morgan upgraded its rating on the stock from neutral to overweight and hiked its target price from $81 to $100. don't. sucker's play. suck in some retail and boom one quarter later reality hits.
Source: CNBC - 🏆 12. / 72 Read more »
JP Morgan cuts ties with OxyContin maker Purdue PharmaJ.P. Morgan Chase has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments.
Source: CNBC - 🏆 12. / 72 Read more »
Apple would need to raise iPhone prices significantly to offset next tariffs, analysts sayApple would need to raise the price of the iPhone by 14% in order to offset the costs of new tariffs, J.P. Morgan estimates. And their sales will drop... There’s a better way — treat your customers like sh..t. It certainly can work, up to a point at least... AppStore Apple AppleSupport In all fairness, they shouldn't be exploiting Chinese labor to make them anyways. Bullshit, they can make the IPhone 800$ cheaper and still make a profit.
Source: CNBC - 🏆 12. / 72 Read more »
Chase tap-to-pay card by Visa can soon be used to ride New York City subways and busesJ.P. Morgan Chase & Co. and Visa Inc. said Wednesday that Chase customers can soon use their Visa contactless cards to ride subways and buses in New York City. The use of the tap-to-pay cards will start May 31 for the 4, 5 and 6 subway lines between the Grand Central-42nd Street station in Manhattan to Brooklyn's Atlantic Ave.-Barclays Center station, and on all Staten Island buses. "Over time," all subway lines and buses will accept the contactless cards, the companies said. "Contactless payments have shaped the way consumers pay all over the world, saving valuable time and delivering a fast, easy and secure way to pay," said Dan Sanford, Visa's global head of contactless payments. J.P. Morgan Chase's stock slipped 0.4% in premarket trade and Visa shares edged up 0.2%, while futures for the Dow Jones Industrial Average declined 95 points, or 0.4%.
Source: MarketWatch - 🏆 3. / 97 Read more »
Tesla Shifts From Growth To 'Distressed-Credit' Story, Morgan Stanley SaysAnalyst Adam Jonas sees signs demand for sleek electric Teslas is slipping, exacerbating ongoing cost and debt concerns. Life and debt come at you fast. This dumpster fire will really blaze when governments get off the hype train and cut the subsidies to consumers. Death spiral on the horizon. Because there's nothing fundamentally different about a Tesla...it's just an electric version of what we already have...it's not cheap, it's not more reliable, it's not even safer.
Source: Forbes - 🏆 394. / 53 Read more »
Target is about to report earnings. Here's everything you need to knowMorgan Stanley earlier this month upgraded shares of Target, calling it a 'survivor' in retail.
Source: CNBC - 🏆 12. / 72 Read more »
Morgan Stanley piles pressure on Tesla with $10 worst case callShares of Tesla Inc were on track for a fifth straight session of losses on Tues... Ford is buying controlling interest in Tesla?
Source: Reuters - 🏆 2. / 97 Read more »
Tesla Shifts From Growth To 'Distressed-Credit' Story, Morgan Stanley SaysAnalyst Adam Jonas sees signs demand for sleek electric Teslas is slipping, exacerbating ongoing cost and debt concerns. Nothing new to see here. Regurgitated FUD from yesterday. Ik dacht dat XandervdWulp in gevaar was. they'll bounce back. its just a bad phase for ElonMusk -- now is that two or three phase we are dealing with? ElectricVehicles want to know.
Source: Forbes - 🏆 394. / 53 Read more »
Barclays snags Morgan Stanley banker as co-head of US equity capital marketsFormer Morgan Stanley banker Taylor Wright will co-head the division at Barclays alongside recent hire Kirsten DeClark, sources told Business Insider. bitcoin is better so who cares?
Source: BusinessInsider - 🏆 729. / 51 Read more »