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Markets

This JPMorgan portfolio manager says he isn’t betting on a US recession

In a wobbly stock market, Phil Camporeale, a portfolio manager at JPMorgan Chase & Co., is betting the US will avoid a recession. Rising interest rates are the “number one culprit this year for the volatility and the chaos” seen in the market, said Camporeale, a portfolio manager for JP Morgan Asset Management’s global allocation […]

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Markets

Here are 4 reasons why market volatility is unlikely to soon subside

The list of reasons why the financial market’s wild swings can keep going and even worsen is growing by the day — starting with the fact that investors aren’t yet pricing in worst-case scenarios for inflation and the US economy. Though Wednesday’s consumer-price index report for April should offer more clues, the data won’t entirely […]

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Mobile

How Citizens Financial used an iPhone plan to create a nationwide digital bank

Citizens Financial Group Inc. launched its Citizens Pay iPhone upgrade plan in 2015 as an early form of the buy-now-pay-later concept that’s in vogue in the payments space. The idea was to take the Citizens CFG, -0.96% brand as a credit provider and combine it with Apple’s AAPL, +1.61% iPhone to help customers avoid waiting […]