Monday, 7 June 2021

Reuters Global Investor: JPMorgan freezes donations to Republicans who contested 2020 election

JPMorgan freezes donations to Republicans who contested 2020 election

JPMorgan Chase & Co (JPM.N) will resume making political donations to U.S. lawmakers but will not give to Republican members of Congress who voted to overturn President Joe Biden's election victory, according to an internal memo on Friday seen by Reuters.

TD Ameritrade limits trading on AMC Entertainment

TD Ameritrade put in place trading limitations on AMC Entertainment Holdings' (AMC.N) shares, the retail brokerage's website showed on Friday.

JPMorgan credit card spending ticks up, modestly helping loan growth

Spending by customers holding JPMorgan Chase & Co (JPM.N) credit cards was up 17% in May over the same period in 2019, bank co-president Gordon Smith said on Thursday.

Retailers, newspapers, printing firms oppose U.S. postal rate hikes

A coalition of retailers, newspapers, printers, greeting card companies and others oppose the U.S. Postal Service plan to hike postage prices for most mail by 7% and called on Congress to direct a new review before the increases take effect.

Rally in emerging market commodity currencies to roll on

Emerging market strategists were cautiously optimistic that the sector's commodity-linked currency rally would continue in coming months, but a much slower pace of vaccine rollouts will keep high-yield seekers nervous, a Reuters poll found on Friday.

With popcorn and tweets, AMC's Aron rides retail investor wave

Free popcorn for shareholders. Following more than 500 die-hard fans of his company's stock on Twitter. Retweeting a video of what appears to be an airplane flying a banner with the meme-stock rallying cry "AMC to the Moon" around Manhattan.

Engine No. 1 extends gains with a third seat on Exxon board

Exxon Mobil Corp (XOM.N) shareholders elected a third director nominated by hedge fund Engine No. 1 to the oil company's board, the company said on Wednesday, extending the firm's upset victory at one of America's top energy corporations.

Exxon director calls activist campaign, ESG pressures a 'tidal wave' -speech

Exxon Mobil Corp (XOM.N) Director Ursula Burns called environmental pressures and the successful activist campaign to gain board seats at the biggest U.S. oil producer a "tidal wave" in a speech on Wednesday.

JPMorgan's asset, wealth management division exploring acquisitions -executive

JPMorgan Chase & Co (JPM.N) head of asset and wealth management Mary Callahan Erdoes said on Wednesday her division of the bank is looking into possible opportunities for add-on acquisitions.

Hedge fund Elliott Management owns big Dropbox stake, holds discussions

Activist investor Elliott Management owns a large stake in Dropbox (DBX.O) and has been holding private discussions with the file-sharing service provider for some time, a source familiar with the matter said on Wednesday.

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