Investors spooked by the implosion of auto lender Tricolor Holdings and car-parts supplier First Brands Group got little reassurance Tuesday from the head of the biggest US bank. Most Read from Bloomberg “My antenna goes up when things like that happen,” Jamie Dimon, JPMorgan Chase & Co.’s chief executive officer, said on a call with analysts. “I probably shouldn’t say this, but when you see one cockroach, there are probably more. Everyone should be forewarned on this one.” The pair of bankruptcies were ...

Russia’s involvement in this push is unsurprising, as it already had extensive energy interests and ambitions in Iraq, even before the U.S.’s unilateral withdrawal from the Joint Comprehensive Plan of Action (JCPOA, or colloquially ‘the nuclear deal’) on 8 May 2018. Specifically, it had concluded multiple major memoranda of understanding (MoU) for seven big oil and gas fields in Iran – the most of any country. These were by GazpromNeft for the Changuleh and Cheshmeh-Khosh oilfields, Zarubezhneft for the Aba ...

A worker scoops up the plastic pellets prior to melting and molding. Photographer: James MacDonald/Bloomberg Lone Star Funds is in advanced talks to acquire plastic parts and equipment maker Hillenbrand Inc., people familiar with the matter said. The private equity firm could announce a purchase of Batesville, Indiana-based Hillenbrand as soon as this week, according to the people, who asked not to be identified discussing confidential information. Most Read from Bloomberg Shares of Hillenbrand closed ...

Bitcoin had been on a roll, hitting a new high of over $126,000 at the start of last week. But then on Friday, markets suffered a shock following the latest Trump trade war move: A threat of "massive" new tariffs on China.   Following President Trump's social media post, the result was nothing short of catastrophic, with the largest single-day wipeout in history—over $19 billion in largely leveraged crypto futures positions liquidated. Bitcoin's price nosedived—albeit briefly—to under $110,000. It has since ...

The U.S. EV market has had a record-setting 2025. But new information from General Motors GM shows just how precarious the industry's perch is. U.S. electric vehicle sales by year + market share of new vehicle sales (according to Cox Automotive) 2025 (through September): over 1 million units, 10.5% market share 2024: 1.3 million, 8.1% market share 2023: 1.2 million, 7.8% market share 2022: 800k 5.8%, market share However, there are some concerns underneath all of that growth. Consumers purchased ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Elon Musk said Tuesday that Bitcoin (CRYPTO: BTC) is based on energy and, unlike fiat currencies, governments cannot fake it and issue their own. You Can’t Print Energy, Agrees Musk The Tesla and SpaceX CEO responded to an X post about governments funding the “artificial intelligence arms race” through money printing, which is driving gold, silver, and Bitcoin higher. “But you can’t print energy,” the use ...

Global data center capacity is expected to grow by three and a half times between 2025 and 2030, driven entirely by the rise of AI workloads. AI-related capacity could increase by 124 gigawatts over the next five years, with AI workloads alone requiring 156 gigawatts by 2030, more than four times the 2025 level. Major technology companies are projected to spend between $350 billion and $400 billion this year on capital expenditures, most of it going into building AI data centers. Dell Technologies (DELL) ...

JPMorgan CEO Jamie Dimon.Noam Galai/Getty Images Auto industry bankruptcies have led to broader concerns about the health of non-bank lending. JPMorgan's CEO Jamie Dimon voiced his concerns over the high-profile collapse. The firm took a hit from one bankruptcy, but says some areas are riskier than others. The recent collapse of subprime auto-lenders Tricolor Holdings and debt-heavy auto-parts company First Brands has raised questions about the health of the credit market. JPMorgan's CEO Jamie Dim ...

US stock futures rose on Wednesday amid hopes for interest-rate cuts, with more Wall Street banks posting strong results in a promising start to earnings season. Dow Jones Industrial Average futures (YM=F) moved up roughly 065%, following a rocky session on Tuesday for markets. Meanwhile, contracts on the S&P 500 (ES=F) and tech-heavy Nasdaq 100 (NQ=F) added 0.8% and 1%, respectively A solid start to earnings season is buoying market spirits in the face of US-China trade friction and a US government shu ...

US stocks rose on Wednesday amid hopes for interest rate cuts, with more Wall Street banks posting strong results in a promising start to earnings season. The Dow Jones Industrial Average (^DJI) moved up roughly 0.4%, following a rocky session on Tuesday for markets. Meanwhile, the S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) added about 0.7% and 1%, respectively. A solid start to earnings season is buoying market spirits in the face of US-China trade friction and a US government shutdown ...