See the full story in the original article.
Read the original on Yahoo Finance ↗
Keywords
Open a keyword to see other news on the same topic.
Related tickers and likely impact
JPM
• NeutralJPMorgan Chase
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Financials |
| Industry | Diversified Banks |
| Market cap | $894.6B |
| Close on 10/26/2026 | 334.04 |
| Change that session | +0.74% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- U.S. economy grows at fastest pace in almost three years, third-quarter GDP shows
The U.S. economy posted its fastest growth in almost three years, driven by the boom in artificial intelligence and strong spending by wealthier Americans.
- U.S. economy is gathering steam. This is the chief reason why.
The AI boom shows no sign of easing as Anthropic prepares to go public and businesses continue buying durable goods. These trends are the main drivers behind the economy's pickup.
- Markets will push the US to act constructively : Nouriel Roubini
- Big US bank stocks log worst weekly losing streak since 2008
- Jamie Dimon Says U.S. Economy Remains Strong, But Warns Of Risks ‘Shifting Under The Surface’ — JPM Stock Gains Despite Q3 Earnings Miss
- Jamie Dimon warns US savers about Washington’s ‘heroin’ effect — it could crush you. Here’s how his bank protects itself
JPMorgan Chase CEO Jamie Dimon, speaking at the Economic Club of Chicago, warned that government spending is inflationary: it boosts corporate profits and makes people feel good, but that feeling can prove painful later. Treasury Department data cited show the U.S. spent $7.40 trillion in fiscal 2026 while collecting $5.40 trillion, a $1.99 trillion deficit, up $217 billion from fiscal 2025. Dimon said the problem is not one piece of legislation but years of overspending, and that JPMorgan prepares for scenarios such as a 40% stock price drop. The article notes U.S. consumer prices have risen 29.8% since the start of 2020, and that $100 in 2026 has the purchasing power of $11.65 in 1970. It also covers gold, up 125% over five years, and real estate, where the S&P Cotality Case-Shiller U.S. National Home Price NSA Index rose 84% over ten years, presenting both as inflation hedges while noting high home prices and the work of managing tenants as drawbacks.
Related markets
Latest news
- OpenAI Cuts Funding Target Amid Meta, Microsoft Offerings, Anthropic IPO
OpenAI is reportedly seeking to raise $20 billion at a $1.25 trillion valuation. The move comes as Meta and Microsoft have just raised funds and an Anthropic IPO looms.
- Rocket Lab Reports Nov. 9. Here's What I'd Need to See Before Buying the Stock.
Rocket Lab will report third-quarter results after the close on Monday, with management forecasting revenue of $250 million to $265 million, up 61% to 71% year over year. Shares trade near $58, about 61% below their record close in late May, after the company said its Neutron rocket will not make its first flight until 2027. The author says the key signals are progress on replacing the forward dome of the first-stage propellant tank and whether first-quarter 2027 testing stays on schedule, since Neutron is tied to profitability. Adjusted EBITDA loss narrowed from $26.3 million in the third quarter of 2025 to $8.8 million in the second quarter, but third-quarter guidance calls for a loss of $17 million to $23 million, and adjusted gross margin is expected at 35% to 37%, down from 41.5%. The author says he would consider a small position if the report shows Neutron on track and a loss near the better end of guidance, and would hold off if either slips.
- $10,000 Invested in Robinhood at Its IPO Would Be Worth About $27,160 Today
Investing $10,000 in Robinhood stock at its IPO closing price would now be worth roughly $27,160, though the shares opened near $38 and closed the first session at $34.82. The stock hit an all-time high of $152.46 in October 2025 and is now down roughly 38% from that peak as the crypto market pulled back. Robinhood trades at about 37 times this year's expected earnings and 16 times expected sales. In the third quarter, sales rose about 12% year over year to $1.42 billion, but adjusted EPS fell 3% to $0.60 as operating expenses climbed 16%, and the full-year operating expense target was set at $2.675 billion to $2.75 billion, with the top end cut by $25 million. The author says prediction markets and new products are growth drivers, and that stronger sales, earnings, and a crypto valuation rebound could lift the valuation further.
- Golden Dome Is a $185 Billion Program, but Anduril Is Private. Here Are the 3 Public Companies Building It.
The Golden Dome missile defense program is projected to cost around $185 billion, and the Congressional Budget Office estimates maintenance and sustainment could reach $1.2 trillion over 20 years. Because Anduril is privately held, the article highlights Lockheed Martin, RTX, and Northrop Grumman as public defense companies positioned to benefit. Lockheed makes PAC-3 MSE and THAAD interceptors under 7-year contracts and is adding 2 million square feet of facilities, while RTX converted agreements worth $70 billion into undefinitized contract actions. Northrop provides tracking satellites and solid rocket motors and received a $1.6 billion contract from Lockheed in the third quarter. The companies say their agreements include recovery remedies and downside protections if funding changes, and the article argues the program offers a multi-decade revenue stream.
- European Commission reveals proceeds from €180 billion of frozen Russian assets
Of about 300 billion euros of Russian assets frozen by the EU and G7, roughly 180 billion sit at Euroclear, and the European Commission says it has received about 8 billion euros in proceeds from them since 2024, including 1.4 billion euros in August. It received only “a significant part” of the proceeds, suggesting Belgium taxes this income at rates that could reach 30%, according to Le Soir. The EC argues the interest is legally usable because the money “does not belong to Russia,” while a Belgian legal source told TASS this is equivalent to saying bank deposit interest does not belong to the account holder. In December 2025, Russia’s central bank sued Euroclear in the Moscow Arbitration Court for 18,200 billion rubles (225.5 billion USD), amid EU plans to use the assets to support Ukraine. On May 15, 2026, the court ruled in favor of the central bank and ordered Euroclear Bank to pay, and on May 20 the bank asked the court to enforce the ruling immediately.
- Meta builds bipartisan influence team ahead of midterms
According to Axios, Meta is assembling a bipartisan team of Washington veterans to deepen its ties with Democrats while maintaining its standing with Republicans. The team is being built ahead of the midterms.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.