JPMorgan CEO Dimon talks inflation, Delta's good news, AMC's acquisition: LIVE UPDATES – Fox Business

Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by  Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.
This material may not be published, broadcast, rewritten, or redistributed. © FOX News Network, LLC. All rights reserved. FAQ – New Privacy Policy
FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Covered by: FOX Business Team
Stocks jump as investors shrug off inflation
Oil tops $100 as Russia, Ukraine escalates
JPMorgan Dimon warns on inflation
King Dollar feels the love
Fast, 24/7 alerts delivered to your inbox daily. Subscribe to be in the know of the most important business moments around the world.
By subscribing, you agree to our Privacy Policy.
incoming update…
Coverage for this event has ended.
The Centers for Disease Control and Prevention (CDC) will extend its travel mask mandate for 15 more days despite protests from airlines.
President Biden’s administration had previously extended the federal mask mandate to April 18 in early March. Airline CEOS united in calling on Biden to end the mandate on March 24, but to no avail.
Amazon informed sellers of the move in an email on Wednesday, saying, “In 2022, we expected a return to normalcy as COVID-19 restrictions around the world eased, but fuel and inflation have presented further challenges.”
The company said it will begin charging the fee April 28.

After JPMorgan’s disappointing quarter, in which both profits and revenue dropped from the same period a year-ago, shares fall to the lowest since January 2021 – $125.65: Dow Jones Market Data Group.

Dollar Bills

The greenback is feeling some love, now up 10 consecutive days and 2.71% over this period. The longest winning streak since 11/18/2016 according to Dow Jones Market Data Group.

Delta CEO Ed Bastian: Christopher Goodney/Bloomberg via Getty Images

“With a strong rebound in demand as omicron faded, we returned to profitability in the month of March, producing a solid adjusted operating margin of almost 10 percent.  As our brand preference and demand momentum grow, we are successfully recapturing higher fuel prices, driving our outlook for a 12 to 14 percent adjusted operating margin and strong free cash flow in the June quarter,” said Ed Bastian, Delta’s chief executive officer.
READ MORE:

JP Morgan CEO Jamie Dimon

“We remain optimistic on the economy, at least for the short term – consumer and business balance sheets as well as consumer spending remain at healthy levels – but see significant geopolitical and economic challenges ahead due to high inflation, supply chain issues and the war in Ukraine” said CEO Jamie Dimon in the company’s first quarter earnings release.

JPMorgan Chase & Co reported a fall in first-quarter earnings on Wednesday, hurt by a slowdown in dealmaking brought on by the Ukraine conflict and a decline in trading revenue.
The largest U.S. lender, whose fortunes are often seen as a barometer of the health of the economy, posted a profit of $8.28 billion, or $2.63 per share, in the quarter ended March 31, compared with $14.3 billion, or $4.50 per share, a year earlier.
Analysts on average had expected earnings of $2.69 per share, according to Refinitiv.
Read the full story: JPMorgan profit falls 42% on slowdown in deals, trading

NYSE floor traders (REUTERS/Brendan McDermid)

U.S. equity futures  traded higher Wednesday morning ahead of the start of earnings season for the big banks. Earnings reports are expected from JPMorgan Chase, BlackRock and Delta Air Lines. Continue reading

Oil rig (REUTERS/Ernest Scheyder)

Oil prices bounced between gains and losses Wednesday morning on worries about sliding output in sanctions-hit Russia, tightening supply after Moscow said talks to resolve its invasion of Ukraine had come to a dead end. Continue reading

Illustration of Bitcoin (REUTERS/Benoit Tessier/Illustration/File Photo)

Bitcoin hovered around $40,000 on Wednesday morning after trading lower in eight of the past nine days. The cryptocurrency is down more than 13% month-to-date and off more than 14% year-to-date. Continue reading

Gas prices (AAA)

The average price for a gallon of gasoline  in the U.S. slipped on Wednesday to $4.083, according to the latest numbers from AAA. The price on Tuesday was $4.098. The previous record high was $4.33, set on Friday March 11, 2022. 
Live Coverage begins here
Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions. Legal Statement. Mutual Fund and ETF data provided by Refinitiv Lipper.
This material may not be published, broadcast, rewritten, or redistributed. © FOX News Network, LLC. All rights reserved. FAQ – New Privacy Policy

source