Bubbles in the EV and clean-tech pockets of the market are vulnerable to investors shifting to economic recovery plays, JPMorgan says.
BofA analysts found that 21% of banks they cover have incorporated blockchain technology into their businesses in some form.
JPMorgan said it will share the assets and fees generated from the offering with the banks that distribute it, and will donate 12.5% of the annual revenue it makes from management fees to efforts aimed at boosting community development.It said Google has promised to invest $500 mn in the special money market share class
The Boston-based company could examine other options such as a sale or merger with a SPAC, but there are no certainties.
A healing job market, high household savings, and trillions of dollars in appreciating assets stand to accelerate the consumer rebound, JPMorgan said.
JPMorgan said unless bitcoin's price swings subside "quickly from here," the current rally could end in disappointment.
Other new financial bets Dalio took on included Wells Fargo, Bank of New York Mellon, Bank of America, and MasterCard.
Bitcoin's market cap approached $1 trillion, but JPMorgan analysts said the rally looks unsustainable unless the token's volatility falls.
The famed investor's company also trimmed its massive Apple position and exited JPMorgan and Pfizer.
Chinese bitcoin mining machine maker Canaan Creative skyrocketed Tuesday amid the token's surge past $50,000 and a shortage of mining equipment.
Value stocks are one of the few places left in the US equity market to execute vaccine-related strategies, says JPMorgan.
Stronger-than-expected inflation and vaccine failures present downside risks, but investors should keep rotating to cyclical assets, the firm said.
A JPMorgan boss said he's 'sure' demand for bitcoin will rise, while Morgan Stanley is reportedly weighing investing.
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The energy sector is up 18% year-to-date as of Wednesday's close, making it the best performing sector so far this year.
The Indonesian company has held talks with several SPACs including Bridgetown and Cova.
MicroStrategy stock is experiencing heightened volatility due to the company's bitcoin exposure. Microstrategy owns 71,079 bitcoins worth $3.21 billion.
"The main issue with the idea that mainstream corporate treasures will follow the example of Tesla is the volatility of bitcoin," the bank said.
The CEOs of JPMorgan Chase, Walmart, Gap, Lowe's, and the Chamber of Commerce all attended an Oval Office with President Biden meeting on Tuesday.
Apple sometimes releases the “iPhone SE” model as a “lower version” earlier in the year. In April last year, Apple released the iPhone SE 2 ...
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