JPMorgan Chase
Women who were victimized by Jeffrey Epstein will receive $72. 5 million under a settlement with Bank of America. The court rejected the objections of three plaintiffs.
The maker of the Claude chatbot reported revenue of more than $11. 5 billion in the second quarter, compared with $787 million a year earlier. The company is preparing for an autumn IPO in cooperation with Morgan Stanley and Goldman Sachs.
Trump said FIFA would make a terrible mistake if it replaced Infantino. UEFA is considering boycotting the World Cup if he remains president.
FIFA announced the creation of a semi-private subsidiary, FIFA Forward Enterprise, to raise $4. 2 billion. The plan drew criticism from UEFA and former FIFA President Sepp Blatter.
Elon Musk at the Tesla conference left open the possibility of a merger with SpaceX, citing the growing overlap of their areas of activity. Investors estimate the probability of a merger at 90% in the coming years.
The IRGC has banned the movement of vessels through the Strait of Hormuz and is threatening new attacks. US Central Command denies reports of the route being blocked.
Tencent has raised $4. 6 billion through bonds for refinancing and AI development. This marks the largest offshore yuan-denominated issuance by a Chinese firm.
FBI agents shot and killed a man who held 10 hostages in a building containing a bank for 15 hours. All individuals were released unharmed; the perpetrator's motives are currently under investigation.
The official fund of the Trump Peace Council is empty. Donors are transferring funds to JPMorgan accounts, bypassing the World Bank without proper financial oversight.
The cost of Brent and WTI increased due to the halt of tanker traffic and reduced production in Saudi Arabia. Experts predict a price of up to $190 per barrel.
Brent's value rose by 58% in a month due to Iran's blockade of the Strait of Hormuz. Trump threatens to destroy Tehran's oil wells in case of escalation.
International Energy Agency Director Fatih Birol stated there is a "huge surplus" of oil in the markets, but warned of a potential "gas bidding war" due to the conflict in the Middle East. Oil prices have risen by 50% since the beginning of the year, and the Strait of Hormuz is effectively closed to tankers.
SpaceX plans to file a confidential IPO application in March 2026 with an expected valuation of $1. 75 trillion. The $50 billion raised will go towards funding Starship, orbital data centers, and a lunar base.
Ukraine expects official approval of a new $8. 2 billion IMF program in the coming weeks. This agreement will replace the existing credit facility and help maintain economic stability.
Global gold prices have stabilized after the largest daily drop since 2013. Investors are actively buying up assets, which allowed the metal to consolidate above $4,900 per ounce.
The global volume of public syndicated bond issuance has surpassed $1 trillion faster than ever before. Borrowers are capitalizing on high investor demand to secure favorable lending terms.
US stock indices surged after Trump's announcement of a deal on Greenland, which averted the imposition of harsh tariffs on European goods. The S&P 500 index showed its largest one-day gain in two months.
Donald Trump announced his intention to sue JPMorgan Chase over the closure of his accounts after the events of January 6, 2021. He claims the bank acted improperly for political reasons.
The global gold market is correcting after reaching historical highs, with prices falling by more than 1%. Investors are taking profits, and geopolitical tensions in the Middle East have eased.
Donald Trump plans to resume oil production in Venezuela to lower global prices to $50 per barrel. This would allow the US to control about 30% of the world's raw materials market.
According to Morgan Stanley's forecast, European banks could cut 10% of their staff due to AI by 2030, with 212,000 jobs at risk. This applies to back-office, risk management, and compliance roles to increase efficiency by 30%.
Morgan Stanley is the leading contender to be the lead underwriter for the SpaceX IPO due to long-standing ties with Elon Musk. The SpaceX offering in 2026 is expected to be the largest in history, exceeding $1.5 trillion in capitalization.
Brent crude and US West Texas Intermediate oil futures rose amid supply disruptions linked to US-Venezuela tensions, which outweighed oversupply concerns.
US President Donald Trump stated that he would ask Attorney General Pam Bondi to investigate Jeffrey Epstein's ties to his alleged political opponents. This came after the publication of Epstein's emails, which mentioned Trump, and criticism of Democrats.
Brent crude futures rose 1. 97% to $64.25 a barrel, and WTI gained 2.13% to $59.94. This happened after a drone attack on an oil depot in Novorossiysk, raising concerns about supplies.
Convicted Nicholas Tartaglione claims his former cellmate Jeffrey Epstein had an offer from prosecutors to be released if he agreed to expose Donald Trump. Epstein allegedly told Tartaglione about this in July 2019 at the Metropolitan Correctional Center in Manhattan.
New court documents have revealed that the late financier and convicted sex offender Jeffrey Epstein had accounts at Goldman Sachs and HSBC banks. This information came to light after the release of materials as part of a settled case between JPMorgan Chase and the U.S. Virgin Islands authorities.
Brent and WTI crude futures fell 0. 2% after OPEC+ agreed to a modest production increase in December and a halt to growth in the first quarter of next year. Investors interpreted this decision as a signal of oversupply in the market.
OPEC+ is preparing to approve a small increase in oil production in December, in line with its strategy of gradually restoring volumes. The decision will be made at an online meeting on Sunday, despite falling oil prices and sanctions against Russian companies.
The price of gold reached $3,800 per ounce, which was previously forecast for the end of 2025. This increase reflects global distrust and preparation for worse economic scenarios.