JPMorgan Chase & Co
American Express CFO says spending picked up at year-end, thanks to millennials and Gen Z
Key Points American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC. Spending on AmEx cards jumped 8% year over year in the fourth quarter after slowing down from a 7% growth rate early in the year to 6% in the second and third […]
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Here’s what CEOs are saying about DEI at Davos
Davos WEF Here’s what CEOs are saying about DEI at Davos Published Fri, Jan 24 20258:40 AM ESTUpdated 15 Min Ago Brandon Gomez@in/brandon-gomez/@bgomezreports WATCH LIVE Source
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Costco shareholders reject call for review of diversity programs
A truck driver climbs into a semitruck at a Costco Wholesale location in Hawthorne, California, on March 14, 2020. Patrick T. Fallon | Bloomberg | Getty Images Costco Wholesale shareholders voted strongly against a proposal requesting a report on the risks of maintaining its diversity and inclusion initiatives, the U.S. company said on Thursday, sending […]
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BlackRock CEO Fink: I’ve never heard so much pessimism on the future of Europe
There’s severe “pessimism” about the future of Europe at Davos, according to Larry Fink, chief executive of BlackRock . Taking a contrarian approach, however, Fink — who leads the world’s largest investment manager — suggested that the overwhelmingly negative sentiment on Europe’s future, economy and capital markets could mean things are about to turn around. […]
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CNBC’s Inside India newsletter: A slowing economy hasn’t dimmed India’s allure at Davos
The World Economic Forum in Davos on January 20, 2025. Fabrice Coffrini | AFP | Getty Images This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. […]
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Trump just took a shot at Bank of America. Here’s what he’s talking about
Key Points President Donald Trump on Thursday accused the CEOs of Bank of America and JPMorgan Chase of refusing to serve conservatives. Both banks deny the accusations, which Trump and others in his orbit have repeated in recent months. The accusations may have roots in allegations from state attorneys general last year. Source
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CNBC Daily Open: The S&P stages a comeback
The S&P 500 shook off the December doldrums to touch a new intraday high of 6,100.81 on Thursday. It’s also just a hair away from its all-time closing high. Source
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Jamie Dimon says the U.S. stock market is ‘kind of inflated’
JPMorgan Chase CEO Jamie Dimon on Wednesday called the U.S. stock market inflated and said that he felt more cautious than others in the business world because of the risks from deficit spending, inflation and geopolitical upheaval. “Asset prices are kind of inflated, by any measure. They are in the top 10% or 15%” of […]
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Jamie Dimon says he’s patched relationship with Musk: ‘Elon and I hugged it out’
JPMorgan Chase CEO Jamie Dimon on Wednesday said that he and tech billionaire Elon Musk have smoothed over their previously contentious relationship. “Elon and I hugged it out,” Dimon told CNBC in a TV interview at the World Economic Forum’s annual event in Davos, Switzerland. “He came to one of our conferences, [and] he and […]
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Jamie Dimon says Trump’s tariff policy is positive for national security so people should ‘get over it’
JPMorgan Chase CEO Jamie Dimon said Wednesday the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively. Despite fears that the duties could spark a global trade war and reignite inflation domestically, the head of the largest U.S. bank by assets said they could protect American […]
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