Jamie Dimon

JPMorgan Chase reports 4 million hit from market dislocations caused by Russia sanctions
Finance

JPMorgan Chase reports $524 million hit from market dislocations caused by Russia sanctions

Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC JPMorgan Chase said Wednesday that first-quarter profit fell sharply from a year earlier, driven by increased costs for bad loans and market upheaval caused by the Ukraine war. Here are the numbers: Earnings: $2.63 a share (unclear if comparable to $2.69 estimate). […]

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Peter Thiel calls Warren Buffett a ‘sociopathic grandpa from Omaha’ and bitcoin ‘enemy number one’
Technology

Peter Thiel calls Warren Buffett a ‘sociopathic grandpa from Omaha’ and bitcoin ‘enemy number one’

Peter Thiel VCG/VCG | Getty Images At a bitcoin conference on Thursday, billionaire venture capitalist Peter Thiel said Warren Buffett tops an “enemies list” of people who are trying to stop the cryptocurrency. “Enemy number one,” Thiel said to a booing Miami crowd, is “the sociopathic grandpa from Omaha.” Buffett’s Berkshire Hathaway is based in […]

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5 things to know before the stock market opens Monday
Business

5 things to know before the stock market opens Monday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady; key Treasury spreads remain inverted Traders on the floor of the NYSE, March 31, 2022. Source: NYSE U.S. stock futures were mixed Monday, with the tech-heavy Nasdaq looking modestly higher. Twitter shares soared […]

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Dimon says confluence of inflation, Ukraine war may ‘dramatically increase risks ahead’ for U.S.
World

Dimon says confluence of inflation, Ukraine war may ‘dramatically increase risks ahead’ for U.S.

Jamie Dimon, CEO of JPMorgan Chase speaks to the Economic Club of New York in New York, January 16, 2019. Carlo Allegri | Reuters Jamie Dimon, CEO and chairman of the biggest U.S. bank by assets, pointed to a potentially unprecedented combination of risks facing the country in his annual shareholder letter. Three forces are […]

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Amazon renews Prime credit card tie-up with JPMorgan Chase after flirting with American Express
Technology

Amazon renews Prime credit card tie-up with JPMorgan Chase after flirting with American Express

Jeff Bezos and Jamie Dimon. Getty Images | CNBC Amazon has chosen to renew a deal allowing JPMorgan Chase to issue the tech giant’s flagship rewards credit card, ending months of heated negotiations, CNBC has learned. The Amazon Prime Rewards card was one of the industry’s most highly coveted co-brand deals, a rare prize because […]

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Treasury Secretary Yellen: The U.S. should have moved faster toward renewable energy
Technology

Treasury Secretary Yellen: The U.S. should have moved faster toward renewable energy

Outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, U.S. December 13, 2017. Jonathan Ernst | Reuters Treasury Secretary Janet Yellen said on Friday the United States should have moved faster toward renewable energy sources and that, had we done so, the country […]

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