New tech startups challenge AmEx in the niche corporate card market

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Stock Market Psychology: The ‘fear center’ in your brain is driving panic selling and buying

© 2019 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy (Your California Privacy Rights) | CCPA Do Not Sell My Information
Fortune may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html.
S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. | EU Data Subject Requests

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Global selloff continues as coronavirus batters markets

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the financial markets. Sign up to receive it in your inbox here.

Also, subscribe to Fortune’s new pop-up newsletter, Outbreak, which will keep you up to date on the latest news surrounding the coronavirus outbreak and its impact on business and commerce globally. Sign up here.

Good evening, Bull Sheeters. This is Fortune finance reporter Rey Mashayekhi, filling in one final time this week for Bernhard Warner.

Investors will be happy to see the end of the week, as the major exchanges took a pounding on Friday thanks to a coronavirus outbreak that has officially reached the ominous milestone of 100,000 infections around the world.

Markets update

In Asia—where markets mostly outperformed those in Europe and North America this week—things took a turn for the worse today. Tokyo’s NikkeiRead More

JPMorgan CEO Jamie Dimon recovering from emergency heart surgery

JPMorgan Chase & Co. said Chief Executive Officer Jamie Dimon underwent emergency heart surgery and that it’s placing co-Presidents Daniel Pinto and Gordon Smith in charge during his recuperation.

Dimon “experienced an acute aortic dissection” early Thursday, the bank said. “It was caught early and the surgery was successful. He is awake, alert and recovering well.”

Dimon, 63, is the longest-serving head of a major U.S. bank, overseeing a juggernaut of both Wall Street and consumer lending that’s been setting profit records for the nation’s financial industry in recent years. He also serves as chairman and has frequently joked over much of a decade that he plans to keep running the company for five more years.

“We have exceptional leaders across our businesses and functions—led by our outstanding CEO and co-presidents,” the board’s lead director, Lee Raymond, said in a statement. “Our company will move forward together with confidence as … Read More

Biden’s big Super Tuesday helps the markets get over that nasty virus (for now)

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the financial markets. Sign up to receive it in your inbox here.

Good evening, Bull Sheeters. This is Fortune finance reporter Rey Mashayekhi, filling in this week for Bernhard Warner. We’re trying something new: To keep you informed on the latest developments in the Asian and U.S. markets, I’ll be sending you a special evening (or, for those of you reading this in Asia, morning) edition of the newsletter. We’ll be back to regular scheduling next week.

Also, be sure to check out Fortune’s new pop-up newsletter, Outbreak, which will keep you up to date on the latest news surrounding the coronavirus outbreak by spotlighting stories from our global team of journalists. Sign up here.

Well, it’s no secret that many in the finance world are skeptical, to say the least, … Read More

The Fed tries to calm heads—but markets roil instead

This is the web version of the Bull Sheet, Fortune’s no-BS daily newsletter on the financial markets. Sign up to receive it in your inbox here.

Good evening, Bull Sheeters. This is Fortune finance reporter Rey Mashayekhi, filling in this week for Bernhard Warner. We’re trying something new: To keep you informed on the latest developments in the Asian and U.S. markets amid the coronavirus scare, I’ll be sending you a special evening (or morning, for those of you in Asia) edition of the newsletter. We’ll be back to regular scheduling next week.

After reversing some of last week’s precipitous, coronavirus-induced declines on Monday, the global markets were much more tepid on Tuesday. And in the U.S., even a big helping hand from the Fed couldn’t stem considerable losses.

Markets update

First to Asia, where markets on mainland China continued to show signs of life despite … Read More