… Major US banks JP Morgan, KeyCorp, and BNY all raised their prime lending rate on Wednesday to 7% from 6.75%, which will affect rates charged on credit cards and personal loans. …
… The American investment bank JP Morgan is also named in the application. A third application has also been made in Colorado, relating to former Formula 1 chief Greg Maffei, who is referred to in the court filings as “the key commercial adviser” on the proposed FFE transaction, an …
… In a 25-page document created by investment bank JP Morgan, it is made clear Fifa’s tournaments would expand to hit an estimated increased pay-out of 24m euros per member association in the 2035-2039 cycle. …
… Such a strike could impact Samsung’s operating profit by 21 trillion won to 31 trillion won ($14.08bn to $20.79bn; £10.4bn to £15.4bn), according to JP Morgan. …
… Among those set to join the president on his official trip to Beijing are Tim Cook of Apple, Elon Musk of Tesla and SpaceX, Larry Fink of BlackRock, as well as other executives from Meta, Visa, JP Morgan, Boeing, Cargill and more. …
Global oil prices are predicted to remain in the “low $100s” for much of this year even if the Strait of Hormuz reopens as early as next month, investment bank JP Morgan has suggested. …
… JP Morgan’s trading arm made a record $11.6bn of revenue in the first three months of 2026, helping the bank overall to its second biggest ever quarterly profit. …
… JP Morgan’s trading arm made a record $11.6bn of revenue in the first three months of 2026, helping the bank overall to its second biggest ever quarterly profit. …
The Federal Reserve raised interest rates to 3.75%-4% from 3.5%-3.75% in a unanimous decision, citing persistent inflation above the target of 2%. Fed Chair Kevin Warsh said the move was necessary because inflation has remained too high for more than five years, despite opposition from President Donald Trump who called for rate cuts.
The Federal Reserve raised interest rates to 3.75%-4% from 3.5%-3.75% in a unanimous decision, citing persistent inflation above the target of 2%. Fed Chair Kevin Warsh said the move was necessary because inflation has remained too high for more than five years, despite opposition from President Donald Trump who called for rate cuts.
UEFA has applied for access to evidence and documents for criminal proceedings in Switzerland against FIFA president Gianni Infantino, accusing him of "criminal mismanagement" over a now-scrapped plan to sell stakes in the World Cup and other FIFA competitions to private investors. UEFA also says it is considering pursuing criminal action against other FIFA officials.
Fast-fashion retailer Shein plans to raise up to HK13.86bn when its shares begin trading on the Hong Kong stock market on 1 September, at a valuation of almost $27bn—significantly lower than its $100bn private valuation in 2022 due to slowed sales growth and higher costs amid US tariff pressures.
FIFA president Gianni Infantino's senior adviser Carlos Cordeiro resigned after the Asian Football Confederation joined European and North/Central American bodies in opposing a plan to sell stakes in competitions to private investors. Cordeiro called the proposal "a bad deal for football" that would "mortgage football's future," and the AFC warned the plan lacks the broad consensus needed and risks undermining the unity of the FIFA World Cup.
FIFA plans to secure up to $4.2bn in private investment by October for a new World Cup spinoff subsidiary (FIFA Forward Enterprise), even as President Infantino claims a consultation process has only just begun. The move has drawn criticism from UEFA and others, who say the rushed process lacks consultation with football associations and crosses a line by partly selling off the governing body's revenue-generating operations.
The largest union at Samsung Electronics has suspended a planned strike after reaching a last-minute tentative pay agreement, easing concerns about disruption to the world's largest memory chipmaker. The dispute centred on how to distribute profits from soaring AI chip demand, with the union representing nearly 48,000 workers securing changes to bonus distribution between memory chip divisions and other units.
US President Donald Trump is expected to bring 17 top business and technology executives on his trip to China this week, including Tim Cook of Apple, Elon Musk of Tesla and SpaceX, and Larry Fink of BlackRock. The trip will include Trump's meeting with President Xi Jinping amid growing economic and technological tensions between the two countries.
JP Morgan predicts oil will remain in the "low $100s" for much of the year even if the Strait of Hormuz reopens soon, as supplies would not return to normal service quickly. Brent crude rose above $105 a barrel following tensions between the US and Iran over ceasefire negotiations.
As the US-Israel war in Iran drives up energy prices and disrupts shipping through the Strait of Hormuz, major oil and gas companies report record profits. BP's first-quarter profits more than doubled to $3.2 billion, Shell reported $6.92 billion in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4 billion, with European firms benefiting from volatile energy prices and trading operations.
Major oil and gas companies including BP, Shell, and TotalEnergies have reported record profits as conflict and Iran's closure of the Strait of Hormuz have driven up energy prices and volatility. BP's profits more than doubled to $3.2bn, Shell reported $6.92bn in first-quarter profits, and TotalEnergies saw profits jump by almost a third to $5.4bn.