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US stocks jump as JPMorgan gives banks a big boost

US stocks jump as JPMorgan gives banks a big boost

NEW YORK (AP) — U.S. stocks climbed again Wednesday as quarterly results from JPMorgan Chase gave banks a big lift. Economic news from China powered industrial and technology companies in the U.S. and stock exchanges overseas. JPMorgan Chase, the largest bank in the U.S., led a rally in financial stocks after its first-quarter results came in better than analysts expected. ...

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JPMorgan profit falls 8 percent, fails key regulatory test

JPMorgan profit falls 8 percent, fails key regulatory test

JPMorgan Chase said its first-quarter profit fell more than 8 percent from a year earlier, and future profit growth could be threatened after it failed a key regulatory test designed to prevent another financial crisis. First quarter profit at JPMorgan, the nation’s largest bank by assets, was hurt by weak results at its investment banking division and by loans to ...

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Deep-pocketed institutional funds scaling back emerging markets

stock market

LONDON – Big pension, insurance and sovereign funds may be scaling back investments in emerging markets amid disappointing returns and a darkening outlook for the sector. These deep-pocketed funds — global pension assets alone are worth over $35 trillion — are relatively recent entrants to emerging markets, driven by the collapse in Western bond yields and the need for diversification. ...

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U.S. airlines anticipate massive fuel savings despite costly hedges

(Reuters) – U.S. airlines gave bullish guidance this week for their first-quarter results, buoyed largely by plummeting fuel prices. Four airlines said they will save hundreds of millions of dollars in fuel costs starting this year, with global oil prices down more than 57 percent since June. Fuel is the biggest variable cost for airlines, often representing a third or ...

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