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US banks shelve $20 billion bailout plan for Argentina, WSJ reports

A planned $20 billion bailout for Argentina by JPMorgan Chase, Bank of America, and Citigroup has been shelved. Instead, a smaller, short-term loan package of around $5 billion is being considered. The funds would help with a $4 billion debt payment due in January. Talks are still in initial stages and could change or fall through.

fidelity·
US
C
-2.20%
US
JPM
-1.61%
fidelity·
US
C
-2.20%
US
JPM
-1.61%

The cryptocurrency market has plummeted, and Strategy may face delisting from the Nasdaq 100 and other indices, potentially losing billions of dollars in funds

JP Morgan believes that Strategy Company may lose its position in benchmark indices such as MSCI USA and Nasdaq 100. The final decision regarding the inclusion in the MSCI index is expected to be made before January 15. If excluded, it will lead to an outflow of $2.8 billion just from MSCI, and follow-up from other indices will exacerbate the outflow. The company currently has passive fund exposure of $9 billion and is facing significant funding pressure

Wallstreetcn·
US
JPM
-1.61%
Wallstreetcn·
US
JPM
-1.61%

JPMorgan Chase & Co. Stock Outperforms Market Despite Losses On The Day

JPMorgan Chase & Co. shares fell 1.61% to $298.38, despite outperforming the broader market on a day when the S&P 500 and Dow Jones Industrial Average also declined. The stock is 7.41% below its 52-week high. Trading volume was below the 50-day average.

Dow Jones·
US
JPM
-1.61%
Dow Jones·
US
JPM
-1.61%

Dow drops 150 points on losses for shares of Boeing, Cisco

The Dow Jones Industrial Average fell by 151 points (0.3%) due to losses in Boeing and Cisco shares, which contributed significantly to the decline. Boeing's shares dropped by $5.60 (3.0%) and Cisco's by $2.14 (2.7%), causing a 48-point drag on the Dow. Other companies like NVIDIA, Walt Disney, and Amazon also contributed to the decline.

MSN·
US
CSCO
-3.76%
US
BA
-3.40%
MSN·
US
CSCO
-3.76%
US
BA
-3.40%

JPMorgan Chase Executive Warns S&P 500 Upside Limited – And AI Correction Could Trigger Mass Market Selloff

JPMorgan Chase's Daniel Pinto warns of limited upside for the S&P 500 at current valuations and suggests AI stocks could face a correction, potentially triggering a broader market selloff.

The Daily Hodl·
US
JPM
-1.61%
The Daily Hodl·
US
JPM
-1.61%