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JPMorgan CEO: 'Dead wrong' about trading concerns

Jamie Dimon

The CEO of JPMorgan Chase, which disclosed a $2 billion loss last week, said he was "dead wrong" when he dismissed concerns about the bank's trading last month.

 

Stocks fall following JPMorgan's stunning $2-billion loss

JP Morgan Chase

Stocks dropped right out of the gate following JPMorgan  &  Chase Co.’s stunning disclosure that the bank lost $2 billion in “egregious” trading losses.

 

With Apple in, Dow would have set record long ago

Apple is the world's most valuable company. The Dow Jones industrial average is probably the world's best-known stock index. So don't they deserve each other? Consider this: If Apple had been added to the Dow in June 2009, the last time there were serious rumors that it would happen, the average would be about 2,500 points higher than it is today and well above its all-time high.

 

ValueClick Q1 Revs Miss; Q2 View Soft; Shrs Tumble

Shares of online marketing services provider ValueClick are taking a beating after hours Wednesday following the company's Q1 financial report. ValueClick posted revenue of $152.9 million, up 31% from a year ago, but below the Street consensus at $157.8 million. Guidance had been for $155 million to $160 million.

 

Dow, S&P 500 Slip as Spain Enters Recession

Stock Market

News that Spain’s economy entered another recession renewed worries about the fragility of Europe’s finances on Monday and nudged stocks lower. The Dow Jones industrial average slipped 35 points to 13,192 shortly after noon Eastern.

 

Apple stock jumps 9% on strong earnings, lifting Nasdaq

Apple Inc.'s stock hit a rough spot earlier this month, but with the stock springing up 9% so far Wednesday, things seem to be smoothing out.

 

US stocks slide on economic tremors from Europe

Stock Market

Stocks fell sharply Monday morning with new worries about Europe. A collection of worrying news out of Europe sent stocks sharply lower on Monday. The Dutch government collapsed Monday, a day after French President Nicolas Sarkozy lost the first round of that country's presidential election to a Socialist candidate. A new report showed that European government debt continues to pile up despite severe budget cuts, which have led to unrest and political upheaval across the continent.

 

Stocks surge to best gain in a month

Stock Market

Stocks soared Tuesday, as investors welcomed a slew of solid earnings and after a German investor confidence survey surprised on the upside and Spanish benchmark yields eased.

 

Slumping Wall Street keeps an eye on earnings

After suffering their worst two weeks of the year, stocks will look to quarterly earnings to determine whether the recent pullback has been exhausted or more losses are justified.

 

Google plans stock split; results spur relief

Google

Google Inc announced a stock split designed to preserve the control of co-founders Larry Page and Sergey Brin over the No. 1 Web search engine, as it posted revenue in line with estimates.

 

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