JPMorgan will offer clients some financing related to crypto assets. Amazon investing $10 billion in U.S. data centers. Tiktok ban deadline could be extended again, and, nuclear stock price targets hiked. Jane King with the latest from the NYSE.
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JPMorgan plans to allow its clients to use some crypto-based assets as collateral to secure financing.
Bloomberg reports the move would come amid a growing crypto-friendliness at major investment banks as regulation eases.
Now, despite CEO Jamie Dimons often expressed reservations about cryptocurrency, JPMorgan has previously okayed some clients' use of crypto assets as collateral on a case by case basis.
Amazon is putting $10 billion toward expanding its AI and cloud computing data center infrastructure in North Carolina.
The move is expected to create about 500 high-skilled jobs in the state and thousands more throughout Amazon Web Services supply chain.
President Trump is poised to extend the TikTok ban deadline for a third time as the White House and China prepare to hold trade talks.
This is according to the New York Post.
The previous extension to the law, which forces TikTok's Chinese parent company ByteDance to sell the popular video sharing app in the US.
June 19th that the two nations are expected to begin hashing out the feud over tariffs this week.
Well, several S&P 500 nuclear energy stocks received price hikes following yesterday's announcement that Constellation Energy signed a 20-year deal to fuel Facebook parent Meta's AI ambitions.
Bank of America says companies like Vistra and Talon are what the analysts expect as they do think more nuclear deals will be reached this year, and that's the latest headlines.