Stock Market News: JPMorgan investor update, Meta’s $1.3 billion fine, Micron’s warning

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Debt ceiling latest

Debt ceiling talks are set to restart on Monday but Wall Street is already warning the U.S. is dangerously close to a cash crunch, including this update from Goldman Sachs.

Developing Story

JPMorgan investor day underway

Jpmorgan Chase Co.



Investor day at JPMorgan, the nation’s biggest bank, is underway. Some highlights include:

Raises net income guidance by $3 billion to $84 billion after First Republic asset buys

Onboarded thousands of new clients during industry turmoil

Inflation forecast

The nation’s top economists don’t believe inflation will come down to where it needs to be this year and perhaps not in early 2024.