News Muncher - searching for recession

3 months, 1 week ago

JPMorgan chief Jamie Dimon warns US economy faces an outcome 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. 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 …

Economy Inflation Interest Rates Fed Rate Jamie Dimon Dimon

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 …

Economy War Ukraine Mortgage Fed Jamie Dimon Dimon

1 year, 8 months ago

’Banking crisis not over,’ JPMorgan CEO on possibility of ’2008’ like recession

Live Mint

In a recent letter to shareholders, JPMorgan Chase & Co CEO Jamie Dimon expressed his concerns about the ongoing U.S. banking crisis and its potential long-term effects. "The current crisis is not yet over, and even when it is behind us, there will be repercussions from it for years to come," Dimon wrote Storm clouds are still threatening the economy …

Credit Crisis Dimon Banking Crisis

1 year, 8 months ago

Bank failures and rescue test Yellen’s decades of experience

Associated Press

WASHINGTON — Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S. economy. Yellen spent that crucial period two weeks ago assembling Federal Reserve officials; regulators at the Federal Deposit Insurance Corp. and the Office of the Comptroller of …

Congress Bank Treasury Biden Federal Republicans Fed

2 years, 2 months ago

CEOs no longer question if there will be a recession. The question now is when?

NPR

CEOs no longer question if there will be a recession. As the Federal Reserve maintains it can get high inflation under control without triggering a recession, 98% of CEOs surveyed say they're preparing for a recession in the next 12 to 18 months. For many top executives, the question is no longer if there will be a recession, it's when. …

Europe Dimon Npr Recession High Inflation David Gura Longer Question

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 …

Jpmorgan Recession Dimon Warns Ceo Dimon Warns Months Report Ceo Dimon

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 …

Compensation Companies Workers Pay Stock Million Dimon

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 …