Home / Finance / Markets / Stock market news today February 14

Stock market news today February 14


Welcome to Finance Insider, Business Insider’s
summary of the top stories of the past 24 hours. Sign
up here to
get the best of Business Insider delivered direct to your
inbox
.

Business Insider sat down with Jamie Dimon for a wide-ranging
interview. The contrarian CEO of
JPMorgan said he isn’t losing sleep over the stock market’s
biggest fear
: faster wage growth stoking inflation.

He told us that while higher-than-expected wage growth and
central-bank tightening were legitimate concerns, job growth was
more important.

“If you had inflation and growth declining, then you should be
much more worried,” he said. “But it’s not about the stock
market. It’s about the people and their jobs.”


Check out the full interview.

Meanwhile, that stock-market
boogeyman reared its ugly head again Wednesday
. Just when it
looked like the US stock market was picking itself up off
the mat after suffering a sharp correction, it got the worst
possible news: Inflation rose more than expected
in January
. Major indexes wasted no
time in reversing pre-market gains as futures contracts dropped
more than 1% following the data release.

Here’s what’s going on in the markets:

A new lawsuit
casts doubt on what billionaire Steve Cohen’s deputies have been
saying for years
A female employee at Point72
Asset Management, Cohen’s investment firm, on Monday filed a
lawsuit claiming widespread discrimination against women.

The world is minting millionaires
quicker than Goldman Sachs can keep up with them
— and the
bank is making a fortune off of them. The investment bank
says it was ‘freaked out’ by a rumor that
Trump would personally kill the Amazon/Whole Foods deal because
of Jeff Bezos
.

The tech sector has
$2 trillion in firepower to do deals
— and now’s the time to
strike. Barclays says Oracle just needs one “last missing
piece” in its cloud business —
but it’s a big one
. Here’s how a startup with no VC funding
landed
$140 million in Chinese deals and partnered with Tencent
.

There’s something about Trump’s infrastructure plan that’s

eerily reminiscent of his real estate deals
, according to
Pedro da Costa.

The search for new Alzheimer’s treatments just faced another
setback —
here’s where researchers are looking now
.

Snapchat may be winning back digital influencers with help from

recent screw ups by YouTube and Instagram
. Tim Cook explains
why
you’re never going to visit the inside of Apple’s new $5 billion
headquarters
.

Lastly, these 50
romantic photos show why everyone misses Barack and Michelle
Obama
.


Source link

HostGator Web Hosting

About admin

Check Also

Bitcoin exchange founder arrested for lying to financial watchdogs

FILE PHOTO – Representation of the Bitcoin virtual currency standing on the PC motherboard is …

Leave a Reply

Your email address will not be published. Required fields are marked *