Ripple is in trouble: J.P. Morgan Chase has announced it's making its own cryptocurrency to rival Ripple's XRP
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The End Of Ripple?Ripple is in trouble. J.P. Morgan Chase, the biggest bank in the U.S. by assets, has announced it's making its own cryptocurrency to rival Ripple's XRP and that means Ripple's plan to use crypto to do what traditional banks' can't is looking precarious...
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The End Of Ripple?Ripple is in trouble. J.P. Morgan Chase, the biggest bank in the U.S. by assets, has announced it's making its own cryptocurrency to rival Ripple's XRP and that means Ripple's plan to use crypto to do what traditional banks' can't is looking precarious...
Read more »
Weight Watchers' stock tumbles after downgrade to rare underweight rating at J.P. MorganShares of WW , formerly known as Weight Watchers International Inc., tumbled 6.2% in premarket trade Tuesday, after J.P. Morgan analyst Christina Brathwaite turned bearish the weight management and wellness company for the first time, citing continued user declines. Braithwaite cut WW to a rare underweight rating, after cutting it to neutral from overweight on Jan. 11. Only 14% of the companies J.P. Morgan covers globally are rated underweight. Braithwaite also cut slashed her stock price target to $25 from $37. She said her downgrade comes as her research suggests daily active users (DAU) on that WW app keep contracting "in the most important period of the year." Since the downgrade in January, Braithwaite said DAU trends have worsened, app reviews have become increasingly negative and competitors Noom and Diet Doctor have continued to gain traffic share. The stock has plunged 71% since the June 20, 2018 record close of $103.09 through Friday, while the S&P 500 has gained 0.3% over the same time.
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Global investors are coming back to Chinese markets, says JP Morgan executiveInvestors are expecting Asian economies will see their fortunes improve in the next few months, boosting recent gains in regional markets including China, a J.P. Morgan Chase executive said on Tuesday.
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JP Morgan: Crypto's Biggest Detractor Has A Change Of HeartAn about face by JP Morgan, a hitherto ardent detractor of cryptocurrencies, with the launch of its own digital mint, the JPM Coin, shows that blockchain experimentation is going mainstream.
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Morgan Stanley: Push to electric vans and trucks will be led by Amazon and other 'megafleets'Amazon is one of many technology and logistics companies with a 'megafleet' of vehicles and Morgan Stanley thinks the e-commerce giant's goal of carbon neutrality will take 'EVs to the next level.'
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Morgan Stanley has 5.6% stake in Twitter, making it the second-biggest shareholder behind VanguardMorgan Stanley has a 5.6 percent stake in social media company Twitter, according to a Securities and Exchange Commission filing released Wednesday.
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