US Justice Department subpoenas JPMorgan, Bank of America, and Wells Fargo over alleged debanking

Federal prosecutors have subpoenaed JPMorgan Chase, Bank of America and Wells Fargo, examining whether banks unlawfully terminated customer accounts for political reasons. The probe directly validates the crypto industry's Operation Chokepoint 2.0 grievances.

The Fed's steady rate decision highlights a cautious approach amid inflation and fiscal uncertainties, impacting crypto market volatility. The post Federal Reserve expected to hold rates steady at June meeting, says JPMorgan’s David Kelly appeared first on Crypto Briefing.

A Bank of America Securities senior semiconductors analyst is bullish on multiple artificial intelligence (AI) chip companies despite the market’s correction. In a new interview on CNBC Television, Vivek Arya says that chip companies still have a lot more upside. Arya believes Nvidia (NVDA), which closed at $208 on Tuesday, may soon soar to $350, […] The post Bank of America Analyst Details Favorite Chips Trades, Including Nvidia, Credo and More – Here Are the Price Targets appeared first on The Daily Hodl.

Investors should diversify beyond AI stocks to mitigate risks and ensure sustainable growth amid volatile tech market conditions. The post Wells Fargo calls AI selloff a wake-up call for investors appeared first on Crypto Briefing.

JPMorgan's bullish outlook on US stocks suggests potential for significant market gains, contingent on sustained earnings growth and positive revisions. The post JPMorgan sees US stocks powering through short pullbacks, backed by 22% earnings growth forecast appeared first on Crypto Briefing.

The aggressive price target hikes reflect growing confidence in AI-driven demand, potentially reshaping investment strategies in tech sectors. The post Wells Fargo more than doubles Micron price target to $1,220, citing AI memory boom appeared first on Crypto Briefing.

JPMorgan's strategic AI hires signal a competitive edge in financial innovation, potentially reshaping industry standards and investor expectations. The post JPMorgan hires Nomura’s AI strategy chief Tahir Zafar, starts in July appeared first on Crypto Briefing.

JPMorgan warned that Strategy’s ability to fund roughly $1.7 billion in annual dividends could shape the crypto market’s second half, after the company sold bitcoin for the first time since 2022. A $1.7 Billion Question JPMorgan said the crypto market’s second-half performance will hinge in part on how Strategy Inc. (Nasdaq: MSTR) funds its roughly […]