J.P.Morgan economists predict a “mild recession” in the United States in the back half of next year given expectations for the Federal Reserve to tighten monetary policy further in its battle against inflation. The investment bank sees the economy contracting by 0.5 percent by the fourth quarter of next year, and possibly dragging into 2024….
Activists Protesting Oil Industry Use Products Only Made Possible by Petroleum, Energy Insiders Note
At a recent charity event held by J.P. Morgan Chase in San Francisco, activists attempted to “take over” by protesting the financing of the oil and gas industry. When doing so, they wore and used products only made possible by the industry, industry insiders note. Stop The Money Pipeline, a coalition of groups committed to…
Nigeria Sues JP Morgan for $1.7 Billion Over Oil Deal
LONDON—A London high court began to hear a lawsuit on Wednesday launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal. The civil suit filed in the English courts relates to the purchase by energy majors Shell and Eni of the offshore…
Apple to Sell Fewer iPhones as Chip Crisis Bites, JP Morgan Says
J.P. Morgan on Tuesday became the second brokerage in two weeks to cut its forecast for Apple Inc.’s iPhone sales for the crucial holiday quarter as the global chip shortage and factory closures in Asia finally catch up to the technology giant. The brokerage trimmed its iPhone revenue estimate to $63 billion for the first…
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