J.P. Morgan Chase economists said they now see second quarter growth of just 1%, down from their prior forecast of 2.25% and way off the 3.2% reported in the first quarter.
J.P. Morgan economists slashed their outlook for second quarter growth to just 1% from a previous 2.25%.
The two threats to U.S. growth are global economic developments, as well as the uncertainty of the trade war impacting business sentiment and activity.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
JP Morgan warns 3M's troubles will continue, may cut dividend 'after 37 straight years of increase'Shares of 3M have been hit hard since the company's disappointing first-quarter earnings report.
Baca lebih lajut »
Political risks may be supporting oil prices, but that's likely just short term, JP Morgan saysOil prices jumped on Monday after Saudi Energy Minister Khalid al-Falih indicated there was a consensus among OPEC and allied oil producers to continue limiting supply.
Baca lebih lajut »
Target upgraded by JP Morgan as the retailer is proving safe from Amazon 'boogeyman'J.P. Morgan upgraded its rating on the stock from neutral to overweight and hiked its target price from $81 to $100.
Baca lebih lajut »
JP Morgan cuts ties with OxyContin maker Purdue PharmaJ.P. Morgan Chase has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments.
Baca lebih lajut »
Apple would need to raise iPhone prices significantly to offset next tariffs, analysts sayApple would need to raise the price of the iPhone by 14% in order to offset the costs of new tariffs, J.P. Morgan estimates.
Baca lebih lajut »
Chase tap-to-pay card by Visa can soon be used to ride New York City subways and busesJ.P. Morgan Chase & Co. and Visa Inc. said Wednesday that Chase customers can soon use their Visa contactless cards to ride subways and buses in New York City. The use of the tap-to-pay cards will start May 31 for the 4, 5 and 6 subway lines between the Grand Central-42nd Street station in Manhattan to Brooklyn's Atlantic Ave.-Barclays Center station, and on all Staten Island buses. "Over time," all subway lines and buses will accept the contactless cards, the companies said. "Contactless payments have shaped the way consumers pay all over the world, saving valuable time and delivering a fast, easy and secure way to pay," said Dan Sanford, Visa's global head of contactless payments. J.P. Morgan Chase's stock slipped 0.4% in premarket trade and Visa shares edged up 0.2%, while futures for the Dow Jones Industrial Average declined 95 points, or 0.4%.
Baca lebih lajut »
Tesla Shifts From Growth To 'Distressed-Credit' Story, Morgan Stanley SaysAnalyst Adam Jonas sees signs demand for sleek electric Teslas is slipping, exacerbating ongoing cost and debt concerns.
Baca lebih lajut »
Target is about to report earnings. Here's everything you need to knowMorgan Stanley earlier this month upgraded shares of Target, calling it a 'survivor' in retail.
Baca lebih lajut »
Morgan Stanley piles pressure on Tesla with $10 worst case callShares of Tesla Inc were on track for a fifth straight session of losses on Tues...
Baca lebih lajut »
Tesla Shifts From Growth To 'Distressed-Credit' Story, Morgan Stanley SaysAnalyst Adam Jonas sees signs demand for sleek electric Teslas is slipping, exacerbating ongoing cost and debt concerns.
Baca lebih lajut »
Barclays snags Morgan Stanley banker as co-head of US equity capital marketsFormer Morgan Stanley banker Taylor Wright will co-head the division at Barclays alongside recent hire Kirsten DeClark, sources told Business Insider.
Baca lebih lajut »