Wall Street notches record closing highs on cooler inflation data

The Nasdaq and the S&P 500 recorded their fourth consecutive record closing highs on Thursday and U.S. Treasury yields touched their lowest levels since early April as investors reconciled cooler-than-expected inflation data with tempered rate-cut expectations from the Federal Reserve. The dollar gained ground against a basket of world currencies as the Fed’s hawkishness and possibility of […]

Exclusive: JPMorgan payments chief Georgakopoulos to leave, according to memo

JPMorgan Chase’s (JPM.N), opens new tab global head of payments, Takis Georgakopoulos, is leaving to pursue other opportunities, prompting the bank to install new leaders atop one of its fastest-growing divisions, according to an internal memo seen by Reuters on Monday. Max Neukirchen and Umar Farooq have been picked to succeed Georgakopoulos, effective immediately. The appointments are […]

US Supreme Court to hear Facebook bid to scuttle shareholder lawsuit

 The U.S. Supreme Court agreed on Monday to hear a bid by Meta’s (META.O), opens new tab Facebook to scuttle a private securities fraud lawsuit accusing the social media platform of misleading investors in 2017 and 2018 about the misuse of its user data by the company and third parties. The justices took up Facebook’s appeal of a lower […]