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JP Morgan to Cut $200 Million off Chase Sapphire Reserve Cards

JP Morgan to Cut $200 Million off Chase Sapphire Reserve Cards

JP Morgan Chase & Co. (NYSE: JPM) aims to cut costs of about $200 million in the unit that oversees the Sapphire Reserve credit card due to high demand and the card’s generous rewards.Consumers are willing to pay the $450 annual fee for a ..

Caterpillar Beats Expectations, 2017 Forecasts raised

Caterpillar Beats Expectations, 2017 Forecasts raised

According to an article from Reuters, Caterpillar, Inc. (NYSE: CAT) results smashed expectations and the company raised its full-year forecast for the second time, underscoring strength across its businesses and a steady recovery in demand from Chin..

JPMorgan Shares fell Despite Earnings Beat

JPMorgan Shares fell Despite Earnings Beat

JPMorgan Chase & Co. (NYSE: JPM) on Friday reported second-quarter earnings that topped analysts’ estimate, but the shares are still down as expectations for interest income are low.The New York-based bank said revenue rose 1.2 percent to ..

Intel Presented New Line of Chips

Intel Presented New Line of Chips

Intel Corporation (NASDAQ: INTC) revealed this week the latest line of microprocessor chips for servers and cloud data centers. The chips proved to be innovative, according to experts, and showed larger-than-expected performance improvements.In..

Vantiv Buy’s Britain Worldpay

Vantiv Buy’s Britain Worldpay

Vantiv, Inc. (NYSE: VNTV)London-based Worldpay was set up in 1989 and has 4,500 employees processing around 31 million mobile, online, and in store transactions each day. They have gained quite a large market share as consumers adopted cashless tran..

Banks Lead Broad Rally, Wall Street Goes Higher

Banks Lead Broad Rally, Wall Street Goes Higher

On Monday, U.S. stocks began the third quarter on a positive note , with bank shares leading a broad rally.Bank of America (NYSE: BAC) and JPMorgan Chase & Co. (NYSE: JPM) helped lift the S&P 500 index, while Goldman Sachs (NY..