JP Morgan

Growth stocks led by tech

Growth stocks still not cheap, cautions JPMorgan

Tech-dominated “growth” stocks are still not cheap despite some sharp falls over the last six months, analysts at US investment bank JPMorgan has cautioned.

Udemy

Online learning firm Udemy valued at $3.7 billion in tepid Nasdaq debut

Online learning company Udemy Inc, which has grown rapidly over the past year due to a surge in demand for online learning, was valued at $3.7 billion after its shares opened 7% be...

Bitcoin

JPMorgan’s Dimon blasts bitcoin as ‘worthless’, due for regulation

Jamie Dimon, the co-CEO of banking titan JPMorgan Chase & Co has said at a conference that cryptocurrencies will be regulated by governments and that he personally thinks bitco...

Platform Industry: Wall Street, IPO's and stock performance

Restaurant-software maker Toast valued at nearly $33 billion

Toast Inc fetched a valuation of nearly $33 billion in its NYSE debut, as shares of the restaurant software provider jumped 63%, underscoring a deep investor appetite for fast-grow...

JP Morgan Banking App

JPMorgan takes on UK rivals with launch of digital bank Chase

JPMorgan is challenging British rivals on their home turf with the launch of its long-awaited digital retail bank, Chase, as part of what the US lender hopes will be a global expan...

White House

White House to tackle cyber challenges with Apple, IBM, insurance CEOs

The White House is hosting an event today that will bring together the largest US tech companies for a discussion about cybersecurity challenges following a raft of high-profile ha...

Robinhood Markets

Wall Street analysts bet on Robinhood’s potential to add users

Wall Street analysts took a largely upbeat view on Robinhood Markets Inc in their first ratings on the stock as they bet on the online brokerage’s ability to boost its user b...

Platform News: Sprinklr

Software start-up Sprinklr shares fall in NYSE debut, valued at $3.7 billion

Shares of Sprinklr Inc, which counts Microsoft and Verizon Communications as customers, fell nearly 9% in their US stock market debut, valuing the software start-up at about $3.7 b...

Ethereum news

Ethereum jumps to record high on report of EIB digital bond issuance

Ethereum, the number two cryptocurrency in terms of market capitalization, rose to an all-time peak, with market participants citing media reports about the European Investment Ban...

JP Morgan Chase

USbanks deploy AI to monitor customers and workers amid tech backlash

Several US banks have started deploying camera software that can analyse customer preferences, monitor workers and spot people sleeping near ATMs, even as they remain wary about po...

Platform Industry: Google search engine

Alphabet to offer first-ever disclosure of Google Cloud profit

Alphabet will report some key financials for its Google Cloud business for the first time, disclosures that are expected to overshadow record overall quarterly sales for the worlds...

Singapore

Singapore says blockchain payments project is now ready for commercial rollout

Singapore has developed a blockchain-based payments network that could enable faster and cheaper international settlements, authorities have said, noting that the next step was a c...

Platform Industry: Zoominfo

ZoomInfo IPO priced at $21 per share in largest tech listing this year

ZoomInfo Technologies priced its initial public offering (IPO) at $21 per share, above its upwardly revised target range, in the largest US technology listing so far this year, the...

Platform News: Wall Street in New York

Tech firms sweeten deals for US banks cutting costs in crisis

Top technology services businesses are offering payment deferrals, discounts of up to 20% and other sweeteners to some US banks to keep their business as COVID-19 forces Wall Stree...

Platform News: Amazon Coronavirus response

Amazon in contact with coronavirus test makers for potential screening of employees

Amazon.com has been in contact with the CEO’s of two coronavirus test makers as it considers how to screen its staff and reduce the risk of infection at its warehouses, accor...

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