JPMorgan is quietly building what it calls a 'next-generation prediction platform' and it's betting eventually the whole world will use it

JPMorgan CEO Jamie Dimon. Thomson Reuters JPMorgan’s investment bank is quietly working on a new platform that would use crowdsourcing to accumulate massive amounts of data and help its clients make better business decisions. The platform, called Roar by JPMorgan, would allow clients to exchange and safely store sensitive data, such as hospital records or satellite imagery, that’s not in […]

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Jamie Dimon cautions the 10-year Treasury yield could hit 5%: 'It's a higher probability than most people think'

“I think rates should be 4 percent today,” Dimon reportedly said. “You better be prepared to deal with rates 5 percent or higher.” The rate on the closely followed 10-year note remains below even the 3-percent level despite Dimon’s expectations. J.P. Morgan Chase chief Jamie Dimon reportedly said Saturday that people should prepare for U.S. yields of 5 percent, warning […]

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A top JPMorgan strategist shares the one word investors need to know to get ahead in the 'extreme' market

JPMorgan’s Karen Ward. JPMorgan Asset Management JPMorgan Asset Management’s chief European strategist Karen Ward tells Business Insider that the “extremely binary” nature of markets right now makes portfolio management “tricky.” In particular, Trump’s unpredictable trade war makes asset management difficult. Ward recommends clients look to more fixed income heavy portfolios as a hedge against these risks. She also says that […]

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Fed Set to Hold Interest Rates Steady, Remains on Track for More Hikes

The Federal Reserve is expected to keep interest rates unchanged on Wednesday but solid economic growth combined with rising inflation are likely keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates. The U.S. central bank so far this year has increased borrowing costs in […]

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GE Beats on EPS but Trims Cash Flow Target; Shares Fall

General Electric Co reported a smaller-than-expected drop in profit on Friday, but cut a key financial target, raising questions about its full-year outlook and sending shares sharply lower. The 126-year-old industrial conglomerate, whose power and financial-services units are struggling, said it expects to generate perhaps $1 billion less free cash flow than expected this year. The forecast cast doubt on […]

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JPMorgan Q4 Profit Up 18%, Results Beat Estimates

JPMorgan Chase & Co. (JPM) reported a profit for the second quarter that increased 18 percent from last year, driven by broad growth and the strong underlying performance across its business segments. Both earnings per share and revenue for the quarter beat analysts’ expectations. In the Friday pre-market trade, JPM is trading at $107.85 up $0.99 or 0.93 percent. Jamie […]

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