Jamie Dimon claims AI could be as impactful on humanity as printing press, electrical power and computers

Key Points

JPMorgan Chase Jamie Dimon chose AI as the very first matter in his update of issues facing the most significant U.S. lender by belongings.
In his annual letter to shareholders released Monday, Dimon claimed he was certain that synthetic intelligence will have a profound affect on culture.

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Finance

Steve Cohen says stocks could retest their April lows, sees a 45% chance of recession

May 14, 2025

Steve Cohen said Wednesday he sees the possibility that stocks could retest their lows from April following the market’s dramatic comeback. “I don’t expect, you know, a significant decline. I think this is possible we can go back toward the lows which is 10%, 15% [from here] so it’s not a calamity,” the founder of […]

Finance

Warren Buffett tells WSJ he stepped aside as CEO after finally feeling old

May 14, 2025

Warren Buffett does a walkthrough of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska, on May 3, 2025. David A. Grogen | CNBC Age isn’t just a number for Warren Buffett after all. The 94-year-old investment legend recently surprised shareholders by announcing his intention to step down as Berkshire Hathaway CEO after an epic […]

Finance

New York AG sues Capital One after Trump-led CFPB drops similar case

May 14, 2025

Key Points New York Attorney General Letitia James sued Capital One on Wednesday, accusing the bank of “cheating” customers out of millions of dollars in interest payments. The suit mimics litigation by the CFPB, which was dropped in February under the Trump administration. “Big banks are not allowed to cheat their customers with false advertising […]