Yahoo Finance Live’s Brian Sozzi breaks down a JPMorgan analyst’s Underweight rating and $120 price target on Tesla stock.
(Bloomberg) -- Oil fell to its lowest in almost three weeks, with technical indicators driving the market’s direction amid a lack of clarity on crude demand. Most Read from BloombergWall Street Is Losing Out to Amateur Buyers in the Housing SlumpTrump Sues Journalist Bob Woodward for Releasing Interview RecordingsAdani Rout Hits $68 Billion as Fight With Hindenburg IntensifiesThe 'Big Shift' That's Finally Causing Rents to FallEven on $100,000-Plus, More Americans Are Living Paycheck to Paycheck
JPMorgan Chase & Co. is working with KPMG to improve how the U.S. bank supervises its traders, sources with knowledge of the review told Reuters, as Wall Street wrestles with how to spot potential wrongdoing during a securities trading boom. KPMG is reviewing JPMorgan’s oversight of traders across the bank's markets division globally, the people said. Market volatility surged at the start of the pandemic and investment banks and securities firms have seen trading activity soar, adding to the challenge of supervising employees amid increased volumes of buying and selling and large price swings.