Dimon Sees Pre-Crisis Parallels as Rivals Do ‘Dumb Things’

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon, asked about fierce competition across the financial industry, said he’s starting to see parallels to the era before the 2008 financial crisis, when a rush to make loans ended disastrously. “Unfortunately,...

IBM Sinks Most Since 2000 as Anthropic Touts Cobol Tool

International Business Machines Corp. shares had their worst day in more than 25 years on Monday, after AI startup Anthropic PBC said its Claude Code tool can help modernize Cobol, a dated programming language that’s run on IBM computers. The stock plunged 13% in its...

Bitcoin’s $1 Trillion Identity Crisis Hits From Every Direction

It wouldn’t have seemed possible a year ago. But Bitcoin has gotten caught in one of its deepest struggles yet, with no obvious way out. The world’s largest cryptocurrency has plunged more than 40% from its peak, and the usual playbook isn’t working — dip buyers have...

BofA Says US Stocks Draw Lowest Share of Global Flows Since 2020

US stocks haven’t been this out of favor relative to their international peers in more than five years, according to Bank of America Corp.’s Michael Hartnett. American equities have attracted only $26 out of every $100 of inflows to global equity funds so far this...