Tag: JPMorgan

JPMorgan creates ‘Volfefe index’ to measure Trump tweets’ impact on market

The Hill logoJPMorgan has created an index to track and quantify the impact President Trump’s tweets have on the financial market.

CNBC reports that the “Volfefe Index” — a reference to Trump’s viral “covfefe” tweet — aims to explain and measure how Trump’s tweets impact volatility in U.S. interest rates.

Of the more than 4,000 non-retweets from Trump’s personal Twitter account during market hours from the start of 2018 to now, 146 have reportedly moved the market

View the complete September 8 article by Owen Daugherty on The Hill website here.

Banks just handed over documents that may be related to Trump’s financial ties to Russia

The companies complying with subpoenas for the documents include Deutsche Bank, which has financed the Trump Organization.

A number of major Wall Street banks have handed over thousands of documents to congressional committees pertaining to Russian figures who may have had links to President Donald Trump, his family, or the the Trump Organization, the Wall Street Journal reported.

The firms, including Bank of America, Citigroup, and JPMorgan Chase, passed along the documents subpoenaed by investigators with both the House Finance Committee and House Intelligence Committee. The banks are complying with subpoenas sent to them in April.

The specific details of the documents remain scarce, as do the identities of the Russian figures or entities specifically mentioned in the material.

View the complete August 8 article by Casey Michael on the ThinkProgress website here.