JPMORGAN CEO JAMIE DIMON EPSTEIN
JPMorgan’s relationship with Jeffrey Epstein may be probed by Democrats after Senate takeover, says report
JPMorgan Chase’s banking relationship with the late sex offender Jeffrey Epstein will be probed by the Democrats after they take control of Congress early next year, a report said. The Democrats on the Senate Finance Committee want to know how top executives at JPMorgan dealt with Epstein. Senator Ron Wyden will chair the panel in January next year.
JPMorgan stock (JPM) slides as Democrats plan probe into Jeffrey Epstein ties: Could bank executives face Senate scrutiny?
JPMorgan stock (JPM) today: JPMorgan stock fell 4% on Thursday after a report said Senate Democrats are planning to investigate the bank’s past relationship with Jeffrey Epstein. The proposed probe could examine decisions made by senior executives, including wealth management chief Mary Erdoes, as other major bank stocks also declined.
Democrats target Trump's 'tentacles of corruption' as new Congress prepares sweeping investigations
Democrats are preparing sweeping congressional investigations into Donald Trump, his family and administration after winning control of both chambers in the midterm elections. Potential targets include Trump family businesses, cryptocurrency dealings, ICE operations and the Epstein investigation, as party leaders seek to link alleged corruption to Americans' cost-of-living concerns.
Oil falls for a fourth day on expectations for lower risk of Iran war escalation
Oil prices have been falling for several days, influenced by the outcomes of Congressional elections this week. The results may signal a lesser risk of escalating conflict with Iran, according to analysts. While some anticipate an end to the war, others remain cautious about geopolitical uncertainties. Crude shipments in the region have recovered, contributing to a surplus in the oil market.
Premji's deeptech bets; Razorpay gets IPO nod
Happy Thursday! Premji Invest is stepping up its bets on defence and aerospace manufacturing.This and more in today’s ETtech Morning Dispatch.
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Uncertainty is certain: India is resilient and will emerge stronger
Despite global uncertainty, India remains well placed to weather economic and market disruptions, supported by resilient growth, deeper domestic capital markets and rising private investment. Stronger institutions, infrastructure spending and emerging industries could further reinforce the country’s long-term prospects.
Decoded: Will AI agents outlast the hype?
Krish Ramineni, founder of AI note-taking company Fireflies.ai, said consumers were experimenting with applications ranging from shopping and price comparisons to booking flights and hotels, making restaurant reservations, managing bills and subscriptions, and seeking refunds.
America's power bills are soaring. Utilities are now facing an election-year reckoning
Electricity prices are increasingly affecting midterm election campaigns as utility bills rise significantly for consumers. Politicians are proposing measures to curb utility rate increases and reduce profits for power companies. Notably, several gubernatorial candidates pledge to address energy affordability and utility practices if elected. The political climate indicates that utilities may face increased scrutiny and regulatory changes post-election. The long-term effects of these political moves on utility investments remain uncertain.
The famous study saying dead people make the best investors never existed, but the lesson holds; here's what you need to know
Although the famous Fidelity study has no verified research behind it, the idea that investors can hurt their returns by trading too frequently had academic support. In 2000, researcher Brad M. Barber and Terrance Odean published a study examining the stock market performance of individual investors.
'Forever chemicals' can remain in water for years, but can a new UV technology finally destroy them? Here's how it works
The process targets the carbon-fluorine bonds in PFAS compounds, which are responsible for their exceptional chemical stability. The company says its system can target long-chain, short-chain and ultra-short-chain PFAS. It is designed for industrial wastewater, groundwater and concentrated PFAS waste streams. The technology is intended to operate on-site and can be integrated into existing industrial wastewater treatment systems.
Former Miss Switzerland accuses Trump of ‘violently’ raping her; US President used pagents as ‘hunting ground’ with Epstein to target young girls, alleges new report
Beatrice Keul has leveled grave allegations against Donald Trump, claiming he raped her in 1993 following a pageant in New York City, resulting in physical injuries. The White House has categorically denied her accusations, characterizing them as unfounded and politically charged. A comprehensive report discussing various women's testimonies against Trump, particularly concerning Jeffrey Epstein.
AI cuts some Deutsche Bank corporate loan decisions to minutes
Deutsche Bank is revolutionizing corporate lending by harnessing AI technology to expedite decision-making processes. This innovation is set to benefit both smaller and larger corporations. Marie-Jeanne Deverdun emphasized the necessity of addressing cybersecurity risks inherent in these systems. The establishment of the internal AI platform, ADA, aims to bolster risk management. Additionally, Deutsche Bank is poised to make significant technological investments to shape the future of AI in banking.
US banks detect unauthorised AI agents in customer accounts
In a troubling development, leading US banks such as Morgan Stanley, Bank of America, and JPMorgan have identified unauthorized AI agents accessing customer accounts. These agents execute actions autonomously without user consent, prompting financial institutions to urgently address the associated risks. This alarming trend underscores the mounting difficulties posed by sophisticated technology in ensuring account security and protecting customer assets.
US banks are blocking third-party AI agents access to customer accounts, sources say
Major US banks, including Morgan Stanley and JPMorgan Chase, are blocking third-party AI agents from transactions. This decision comes after concerns that AI agents might act independently without customer instructions. Both Morgan Stanley and Charles Schwab have reported blocking unauthorized agent access to their platforms. Banking executives are increasingly worried about the risks associated with AI technology in financial transactions.
Tesla drops as spending pullback clouds AI, robotics ambitions
Tesla shares took a hit after the company adjusted its capital spending forecast downward for 2026, raising eyebrows about the future of Elon Musk’s AI and robotics projects. Despite this, Tesla showed unexpected positive free cash flow due to lower-than-anticipated expenditures in Q3. Analysts foresee increased spending in upcoming years for major initiatives, yet investors tread carefully, particularly as they watch for developments in Tesla's relationship with SpaceX.
EBay to lay off 9% of workforce in push to simplify operations
EBay will lay off about 1,000 employees, representing 9% of its workforce, to streamline operations. The company previously reduced its staff by 800 positions in February to improve efficiency. EBay is focusing on authenticated luxury goods, collectibles, and refurbished products, which have attracted higher-paying consumers. The recent acquisition of fashion resale platform Depop has also strengthened eBay's market position. EBay plans to report its latest earnings next week.
US banks post strong profits, but inflation and rate risks cloud outlook
Major US banks reported higher third-quarter profits, supported by resilient consumer spending, AI investment and stronger trading revenue. However, executives warned that persistent inflation, elevated interest rates and geopolitical risks could strain household finances and slow economic growth. JPMorgan Chase missed earnings estimates, while Goldman Sachs, Citigroup and Wells Fargo reported stronger results.
JPMorgan posts rare profit miss as dealmaking, bond trading lose momentum
(Compares with estimates in headline and paragraph 1, adds analyst comment in paragraph 4, updates shares, details and context throughout)- JPMorgan
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