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  1. President Donald Trump is angry. This time, cryptocurrency has got his goat—specifically, Bitcoin and Facebook’s Libra. “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money ...

  2. Big banks continue to grow their profits, but the initial market reaction to earnings from JPMorgan Chase & Co (NYSE: JPM) and Goldman Sachs Group Inc (NYSE: GS) looks mixed early Tuesday ...

  3. Biggest Banks Feel Fed Pain as Lower Rates Start to Hit Revenue

    Bloomberg via Yahoo FinanceJul 16 14:38 PM

    Dimon’s bank, JPMorgan Chase & Co., snapped a three-year streak of quarterly increases in net interest income -- revenue from customers’ loan payments minus what the bank pays depositors ...

  4. Wells Fargo 2Q results beat Street estimates

    Associated Press via Yahoo FinanceJul 16 21:19 PM

    Wells Fargo & Co., still under growth restrictions by regulators after years of missteps and scandals, reported net interest income for the quarter of $12.1 billion. Analysts surveyed ...

  5. Stocks Drop on Trump’s Trade Remarks; Bonds Fall: Markets Wrap

    Bloomberg via Yahoo FinanceJul 16 20:04 PM

    Benchmark 10-year yields climbed on solid data, then pared their surge after Federal Reserve Chairman Jerome Powell said the central bank “will act as appropriate” amid increased uncertainties ...

  6. JPMorgan Chase & Co and Wells Fargo & Co beat quarterly profit estimates but reported weaker net interest income, pointing to rising deposit costs. Goldman Sachs Group Inc - the ...

  7. JPMorgan Chase & Co and Wells Fargo & Co beat quarterly profit estimates but reported weaker net interest income, pointing to rising deposit costs. Those results followed Citigroup ...

  8. U.S. stocks edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from U.S. President Donald Trump on trade ...

  9. Traders See a July Fed Cut as Certain Even With More Upbeat Data

    Bloomberg via Yahoo FinanceJul 16 14:35 PM

    Fed funds futures for August indicate that the central bank’s benchmark will be around 2.085% after the July 31 policy decision. The amount of easing priced for the whole of 2019 slipped slightly ...

  10. JPMorgan’s Lending Outlook Suffers From Fed’s Rate Reversal

    Bloomberg via Yahoo FinanceJul 16 13:53 PM

    JPMorgan joins rivals including Wells Fargo & Co. in cutting the outlook for traditional lending businesses that have benefited from higher rates, which they passed on to borrowers while ...

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