Stocks surge thanks to big rally for JPMorgan Chase and other banks
CNN
Investors took a break from selling in May and going away, for one day at least.
Stocks soared Monday, as positive news about earnings from banking powerhouse JPMorgan Chase and comments from President Joe Biden about the possibility of lifting some US tariffs on China boosted sentiment on Wall Street.
The Dow gained nearly 620 points Monday, a gain of about 2%. Dow component JPMorgan Chase (JPM) surged 6% after the Wall Street giant raised its outlook for interest income, a key measure of profitability.
A majority of the Supreme Court appeared likely to uphold a controversial ban on TikTok over concerns about its ties to China, with justices lobbing pointed questions at lawyers for the social media app and a group of its content creators.
Prosecutors seek 15 years in prison for former New Jersey Sen. Bob Menendez after bribery conviction
Prosecutors say former US Sen. Bob Menendez should be imprisoned for 15 years, after the Democrat from New Jersey became the first to be convicted of abusing a Senate committee leadership position and the first public official to be convicted of serving as a foreign agent.
Greenland’s leader said on Friday he had not been in contact with incoming US president Donald Trump, who has said he wants control over the Arctic island, and urged everyone to respect Greenland’s wish for independence.
Donald Trump was sentenced without penalty in the New York hush money case Friday after a symbolic – and historic and unprecedented – hearing following the first felony conviction of a former and soon-to-be sitting president.
The Biden administration on Friday targeted Russia’s energy sector, including its oil industry, with some of its harshest sanctions to date meant to cut off funding for Moscow’s war against Ukraine.
Venezuela’s Nicolas Maduro was sworn in for a third presidential term after an election the opposition says was rigged.
Woman who stabbed classmate to please Slender Man can be released from psychiatric hospital
Public support for the man accused of killing UnitedHealthcare CEO Brian Thompson raises the possibility of a legal result in the gray area of American law.
Chinese hackers breached the US government office that reviews foreign investments for national security risks, two US officials familiar with the matter told CNN.
A Canadian “Super Scooper” aircraft fighting the Palisades Fire in Los Angeles had to be grounded after it hit a drone flying in restricted airspace over the devastating blaze on Thursday, the local fire department said.
As residents in the Los Angeles area grapple with the ongoing realities of the devastating wildfires ravaging the densely populated metropolis nestled between the Pacific Ocean and mountain ranges, several iconic landmarks and beloved local institutions have fallen victim to the flames.