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Articles for Dimon, search results for economy

History Will Be Kinder to Joe Biden Than the Pollsters
1 week, 1 day ago

History Will Be Kinder to Joe Biden Than the Pollsters

Live Mint  

Now that pollsters are declaring President Joe Biden a “failure,” historians will reckon with too many economic signals rendering the prevailing narrative little more than media noise. From the American Rescue Plan Act of 2021 that ushered in the longest period of unemployment below 4% since the 1960s to the Infrastructure Investment and Jobs Act of 2021 that paved the …

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Wife of JPMorgan boss Jamie Dimon has been knocking on doors for presidential candidate
1 month, 2 weeks ago

Wife of JPMorgan boss Jamie Dimon has been knocking on doors for presidential candidate

Daily Mail  

JP Morgan CEO Jamie Dimon's wife Judy has been out knocking on doors for Kamala Harris in the must-win swing state of Michigan. JPMorgan CEO Jamie Dimon and wife Judy Dimon are taking opposite approaches to the 2024 presidential election, even though they both support Kamala Harris Judy Dimon has also donated $250,000 to Harris and the Democratic National Committee …

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JPMorgan chief Jamie Dimon warns US economy faces an outcome worse than a recession
3 months, 1 week ago

JPMorgan chief Jamie Dimon warns US economy faces an outcome worse than a recession

Daily Mail  

JPMorgan Chase CEO Jamie Dimon has said he would not rule out an outcome for the US economy which is widely considered to be worse than a recession. JPMorgan Chase CEO Jamie Dimon has said he would not rule out an outcome for the US economy which is widely considered to be worse than a recession Since taking over in …

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JPMorgan CEO Jamie Dimon issues ominous warning about US economy
7 months ago

JPMorgan CEO Jamie Dimon issues ominous warning about US economy

Daily Mail  

Jamie Dimon - head of the world's biggest bank JPMorgan Chase - has said that he cannot rule out a 'hard landing' for the US economy. Dimon's warning comes after an analyst who works for him at JPMorgan warned the stock market could soon become volatile - despite reaching record highs this year. Dimon's comments come after JPMorgan's chief market …

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I can work with pro-business Labour, says JP Morgan chief
7 months, 1 week ago

I can work with pro-business Labour, says JP Morgan chief

The Telegraph  

The boss of the world’s biggest bank has described Sir Keir Starmer as “pro-business” and praised the Labour leader’s commitment to growing the economy and cutting red tape. He said: “I have enormous respect for and I met Keir for the first time and.one of the things I like they’re pro-business.” The meeting on Tuesday took place on the same …

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JPMorgan’s Dimon hopes for soft landing for US economy but says stagflation is a possible scenario
7 months, 3 weeks ago

JPMorgan’s Dimon hopes for soft landing for US economy but says stagflation is a possible scenario

Associated Press  

NEW YORK — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the U.S. economy and said inflation may …

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JPMorgan’s Dimon warns inflation, political polarization and wars are creating risks not seen since WWII
8 months, 2 weeks ago

JPMorgan’s Dimon warns inflation, political polarization and wars are creating risks not seen since WWII

Associated Press  

NEW YORK — The nation’s most influential banker, JPMorgan Chase CEO Jamie Dimon, told investors Monday that he continues to expect the U.S. economy to be resilient and grow this year. But he worries geopolitical events including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, might be creating an environment that “may very well …

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CEOs of the nation’s biggest banks warn that new regulations could harm the economy
1 year ago

CEOs of the nation’s biggest banks warn that new regulations could harm the economy

Associated Press  

NEW YORK — The heads of Wall Street’s biggest banks used an appearance on Capitol Hill on Wednesday to plead with senators to stop the Biden administration’s proposed changes to how banks are regulated, warning that the new proposals could negatively impact the economy at a time of geopolitical turmoil and inflation. Whereas in previous years the bank CEOs used …

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JPMorgan CEO Jamie Dimon warns interest rates could soar to SEVEN percent - their highest level since 1990 - after claiming world economy is 'not prepared' for further hikes
1 year, 2 months ago

JPMorgan CEO Jamie Dimon warns interest rates could soar to SEVEN percent - their highest level since 1990 - after claiming world economy is 'not prepared' for further hikes

Daily Mail  

JPMorgan Chase CEO Jamie Dimon has warned Americans could soon be facing 7 percent interest rates - the highest level since 1990. JPMorgan Chase CEO Jamie Dimon, pictured, has warned Americans could soon be facing 7 percent interest rates - the highest level since 1990 The stark warning is at odds with most analysts' predictions that the Federal Reserve will …

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JPMorgan boss Jamie Dimon warns 7% interest rates would cripple the global economy as the Fed holds the line at 5.5%: 'You find out who is swimming naked when that tide goes out'
1 year, 2 months ago

JPMorgan boss Jamie Dimon warns 7% interest rates would cripple the global economy as the Fed holds the line at 5.5%: 'You find out who is swimming naked when that tide goes out'

Daily Mail  

The boss of JPMorgan has warned that the worst of the interest rate pain may still be ahead for businesses and families already scarred by an historic round of hikes. JPMorgan chief Jamie Dimon said that the Fed was forced to hold on another hike at its latest meeting because the effect of a jump to 5 to 7 percent …

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Jamie Dimon and other Wall Street titans say the US economy is strong for now, but warn about the future
1 year, 5 months ago

Jamie Dimon and other Wall Street titans say the US economy is strong for now, but warn about the future

CNN  

A worker monitors the processing of tortilla chips at a factory in San Bernardino on June 29. Watchara Phomicinda/MediaNews Group/The Press-Enterprise/Getty Images Wholesale inflation continued its yearlong slowdown last month, rising by just 0.1% for the 12 months ended in June, according to the Bureau of Labor Statistics’ Producer Price Index released Thursday. PPI is a closely watched inflation gauge …

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US consumers are feeling the most optimistic since September 2021
1 year, 5 months ago

US consumers are feeling the most optimistic since September 2021

CNN  

Washington, DC CNN — Inflation’s steady slowdown in recent months has kept Americans feeling optimistic about the future. Despite the Federal Reserve’s most aggressive rate-hiking campaign in decades, which was put on hold last month, the labor market has held remarkably steady while inflation has slowed, raising the odds of a so-called soft landing — or a scenario in which …

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Bank CEOs increasingly turning pessimistic on economy
2 years, 2 months ago

Bank CEOs increasingly turning pessimistic on economy

Associated Press  

NEW YORK — The outlook for the U.S. economy from Wall Street’s biggest banks is getting gloomier, with many top executives saying they’re preparing for a potential downturn or a recession. Following the short but potent pandemic recession in 2020, many bank CEOs have spent the past year and a half trumpeting the strength of the U.S. economy and the …

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JPMorgan CEO Dimon warns of recession in 6 to 9 months - Report
2 years, 2 months ago

JPMorgan CEO Dimon warns of recession in 6 to 9 months - Report

Live Mint  

JPMorgan Chase & Co Chief Executive Jamie Dimon said the United States and the global economy could tip into a recession by the middle of the next year, CNBC reported on Monday. "These are very, very serious things which I think are likely to push the U.S. and the world — I mean, Europe is already in recession — and …

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Wall Street CEOs cautious about path of US economy
2 years, 3 months ago

Wall Street CEOs cautious about path of US economy

Live Mint  

WASHINGTON : The heads of the largest U.S. banks expressed concerns about the state of the U.S. economy, warning about the risks of high inflation and rising interest rates. Facing questions from House lawmakers on Wednesday, bank chief executives, including JPMorgan Chase & Co.’s Jamie Dimon and Citigroup Inc.’s Jane Fraser, offered a favorable picture of an industry they say …

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Bank CEOs warn that US economy faces ‘daunting’ challenges
2 years, 3 months ago

Bank CEOs warn that US economy faces ‘daunting’ challenges

Associated Press  

WASHINGTON — The CEOs of the nation’s biggest banks appeared in front of Congress Wednesday and gave a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing. JPMorgan Chase’s Jamie Dimon, Citigroup’s Jane Fraser and other chief executives said the U.S. consumer is in good shape but faces threats from high inflation and …

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JPMorgan 2Q profit drops; CEO warns of economic challenges
2 years, 5 months ago

JPMorgan 2Q profit drops; CEO warns of economic challenges

Associated Press  

NEW YORK — Profits at JPMorgan Chase fell by 28% in the second quarter as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise, hitting consumers and corporations alike. The nation’s largest bank by assets said Thursday that it earned a profit of $8.65 billion, or $2.76 …

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CEO pay rose 17% in 2021 as profits soared; workers trailed
2 years, 6 months ago

CEO pay rose 17% in 2021 as profits soared; workers trailed

Associated Press  

NEW YORK — Even when regular workers win their biggest raises in decades, they look minuscule compared with what CEOs are getting. At half the companies in this year’s pay survey, it would take the worker at the middle of the company’s pay scale at least 186 years to make what their CEO did last year. “All this led to …

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CEO pay up 17% as profits, stocks soar; workers fall behind
2 years, 6 months ago

CEO pay up 17% as profits, stocks soar; workers fall behind

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. At half the companies in …

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JPMorgan CEO Jamie Dimon allowed to skip quarantine in Hong Kong
3 years, 1 month ago

JPMorgan CEO Jamie Dimon allowed to skip quarantine in Hong Kong

CNN  

Hong Kong CNN Business — Jamie Dimon is the latest big name in business to skip one of the world’s longest quarantines. “The stay is only going to be for a little bit over a day.” Hong Kong, one of the world’s leading financial hubs, is the base for JPMorgan’s Asia Pacific headquarters. Critics have argued that the policy is …

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Jamie Dimon: Some Americans ‘don’t feel like going back to work’
3 years, 6 months ago

Jamie Dimon: Some Americans ‘don’t feel like going back to work’

CNN  

New York CNN Business — JPMorgan Chase CEO Jamie Dimon suggested Thursday that companies are having trouble hiring in part because some Americans don’t feel like working right now. Asked about the record high 8.1 million job openings recorded in March, the CEO said there are many causes, including challenges with reopening schools and the enhanced unemployment benefits enacted during …

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