Company Reports – Page 96

JPMorgan Sets Aside Money for Bad Debts as ‘Mild Recession’ Looms

The bank, the biggest in the United States, reported a large profit in its latest quarter, but said it was girding for a downturn later in the year.

By Rob Copeland

The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.

By Neal E. Boudette

Both banks increased their reserves as protection against deteriorating economic conditions, but signaled optimism about consumer resilience.

By Stacy Cowley

More than 110 miles above earth, the rocket’s second-stage engine prematurely shut down before entering orbit, causing the loss of nine satellites.

By Stanley Reed