Jamie Dimon
The recession will hit in the first half of 2023 and the Dow is headed lower: CNBC CFO survey
Many economic prognosticators and Wall Street stock pickers have made it clear where they stand on inflation and the Federal Reserve policy response: the economy and markets will get worse before they get better. Many chief financial officers at top companies agree with them, according to the results from the latest CNBC CFO Council survey. Over […]
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Even if oil hits $150 a barrel, J.P. Morgan’s Marko Kolanovic predicts stocks will reclaim 2022 highs
J.P. Morgan’s Marko Kolanovic predicts oil is surging higher — but so are stocks. Kolanovic, who serves as the firm’s chief global markets strategist and co-head of global research, believes the U.S. economy is strong enough to handle oil prices as high as $150 a barrel. “There could be some potential further spikes in oil, […]
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A paradigm shift has begun in markets, says Morgan Stanley’s Ted Pick. Here’s what to expect
Trader on the floor of the NYSE, June 1, 2022. Source: NYSE Global markets are in the beginning of a fundamental shift after a nearly 15-year period defined by low interest rates and cheap corporate debt, according to Morgan Stanley co-President Ted Pick. The transition from the economic conditions that followed the 2008 financial crisis […]
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Elon Musk feels ‘super bad’ about economy, needs to cut 10% of Tesla jobs
Tesla CEO Elon Musk has a “super bad feeling” about the economy and needs to cut about 10% of jobs at the electric carmaker, he said in an email to executives seen by Reuters. The message, sent on Thursday and titled “pause all hiring worldwide”, came two days after the billionaire told staff to return […]
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Jamie Dimon says ‘brace yourself’ for an economic hurricane caused by the Fed and Ukraine war
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC JPMorgan Chase CEO Jamie Dimon says he is preparing the biggest U.S. bank for an economic hurricane on the horizon and advised investors to do the […]
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JPMorgan expects to reach 17% returns sooner than planned as rising rates provide a boost
Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlo Allegri | Reuters JPMorgan Chase on Monday reversed course on guidance it gave in January, saying the bank could achieve a key performance target this year after all. The lender said that a 17% […]
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5 things to know before the stock market opens Wednesday
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Stock futures fall as inflation claims another retailer Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures dropped Wednesday as rising inflation slammed another retailer. Target sank 24% in the premarket, […]
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JPMorgan investors hand Jamie Dimon a rare rebuke with disapproval of $52.6 million bonus
JP Morgan Chase & Co. Chairman & Chief Executive Officer Jamie Dimon testifies before the House Financial Services Committee on accountability for megabanks in the Rayburn House Office Building on Capitol Hill in Washington, DC on April 10, 2019. Mandel Ngan | AFP | Getty Images JPMorgan Chase CEO Jamie Dimon was handed a rare […]
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Bank stocks, once a Buffett favorite, take a back seat at Berkshire Hathaway amid recession worries
Warren Buffett, Chairman and CEO of Berkshire Hathaway. David A. Grogan | CNBC Warren Buffett has begun to unleash Berkshire Hathaway’s massive cash stockpile in recent weeks, snapping up an insurer and multi-billion dollar stakes in energy and computer corporations. But his recent moves are more notable for what he has avoided investing in — […]
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Jamie Dimon, other JP Morgan executives donated to centrist Democrat Kyrsten Sinema
JP Morgan CEO Jamie Dimon listens as he is introduced at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters J.P. Morgan Chase CEO Jamie Dimon and other executives from the bank contributed to the campaign of centrist Democratic Sen. Kyrsten Sinema, who has opposed key […]
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