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☆ America's Economic Plan Will Hurt World Economy, Global Stock Markets
▼ + stars: | 2024-06-09 | by ( Linette Lopez | ) www.businessinsider.com time to read: +11 min

The European Central Bank began easing interest rates on Thursday, cutting its benchmark rate by 0.25%. Investors and economists expect the Federal Reserve to follow suit and cut interest rates in September. This combination means there's a good chance that the September cut Wall Street is praying for may never materialize. The US already has somewhat higher interest rates than other countries — the Fed's benchmark rate is 5.25%- 5.50%. And in Asian economies, where interest rates are already significantly lower than in the US, things could get even messier.

Persons: Tamara, Vasiljev, Peter Schaffrik, Nigel Green, Green, we're Organizations: European Central Bank, Investors, Federal Reserve, Oxford Economics, JPMorgan, UBS, Bloomberg, of International Finance, Markets, RBC Capital Markets, deVere, Fed, We're, ECB, Bank of, EU, Bank of Canada, Bank of Canada's, Bank of England Locations: stagflation, China, Europe, Japan, South Korea, It's, America, United States, EU, Bank of England, Canada, East Asia

Oppenheimer raised its price target on Microsoft to $500 on the potential of increasing AI adoption. Shares of AT & T are up 9% on the year, but analyst Michael Rollins' $20 price target implies that shares could rise another 9%. Analyst Andrew Obin upgraded the Post-it and Scotch parent to buy from neutral and raised his price target by $15 to $120. Analyst Christopher Nardone upgraded the shoe maker to buy from neutral and raised his price target by $16 to $87. Analyst Jay Sole upped his price target on the clothing maker by $14 to $174, now suggesting upside of 43.4%.

Persons: Oppenheimer, Exxon, Neal Dingmann, Dingmann, aren't, — Spencer Kimball, Michael Rollins, Rollins, Lisa Kailai Han, BofA, Andrew Obin, William Brown, Michael Roman, Brown, Obin, — Alex Harring, Christopher Nardone, Nardone, Skechers, Jeffrey Zekauskas, Zekauskas, Huntsman, Benjamin Soff, Soff, Fred Imbert, PVH, Jay Sole, Calvin Klein, Tommy Hilfiger, Sole, Alex Harring, Morgan Stanley, Dara Mohsenian, Mohsenian, Anthony Chukumba, Chukumba, Gavin Parsons, Parsons, Tami Zakaria, Zakaria, Herc, Morgan, Tim Hsiao, Bernstein's Eunice Lee, NIO, America's Ming Hsun Lee, Timothy Horan, Horan, Rob Sanderson, Sanderson Organizations: CNBC, Microsoft, Loop, Exxon, Natural Resources, Citi, AT, VZ, Bank of America, Huntsman, JPMorgan, Deutsche Bank, UBS, Colgate, Palmolive, Loop Capital, UBS shaves, Boeing, Rentals, United Rentals, Herc Holdings, Wall, 3Q, Bank, OpenAI Locations: Truist, Guyana, OPEC, Thursday's, America's

☆ Waystar shares slip in Nasdaq debut after digital health company priced IPO in middle of range
▼ + stars: | 2024-06-07 | by ( Ashley Capoot | In | ) www.cnbc.com time to read: +2 min

Waystar shares slid about 3% in their Nasdaq debut on Friday, after the health-care payment software vendor priced its IPO in the middle of the expected range. The stock opened at $21 per share, below the IPO price of $21.50 late Thursday. The IPO market has been largely dormant since late 2021 when the extended bull market turned and investors began to worry about a weakening economy. But the broader venture-backed tech market may be beginning to thaw. Health tech company Tempus AI has also issued a preliminary prospectus this year.

Persons: Waystar, Matt Hawkins, CNBC's, JPMorgan Chase, Goldman Sachs Organizations: Nasdaq, Rock Health, Health, ZirMed, JPMorgan, Barclays

☆ Here are Friday's biggest analyst calls: Nio, Nvidia, UPS, Amazon, Oracle, Lyft, Microsoft, Walmart, Exxon, Netflix, AT&T & more
▼ + stars: | 2024-06-07 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

We reiterate our Buy rating." Deutsche Bank reiterates Adobe as buy Deutsche said it's sticking with its buy rating ahead of earnings next week. Loop reiterates Best Buy as buy Loop said it's sticking with its buy rating on the stock. "We maintain our above consensus Best Buy estimates, reiterate our Buy rating, and are raising our price target to $100 from $93." Morgan Stanley reiterates Walmart as overweight Morgan Stanley said it's standing by its overweight rating on the stock.

Persons: Oppenheimer, Wells, it's, TD Cowen, Wolfe, NVDA, Morgan Stanley, Nio, BTIG, Ally, Mizuho, JPMorgan, JPMorgan downgrades Vail, Lynch Organizations: Oppenheimer, UPS, Amazon Web Services, Nvidia, Norfolk Southern & Union Pacific, Union Pacific, Norfolk, Microsoft, Deutsche Bank, Deutsche, Colgate, Palmolive, China EV, Oracle, Adobe, JPMorgan, United Rentals, Barclays, Netflix, Vail, Exxon, " Bank of America, of America, underperform Bank of America, Bank of America, 3M, Citi, AT, Unilever

☆ Wall Street showers an AI chipmaker we own with praise — and it's not Nvidia
▼ + stars: | 2024-06-07 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +7 min

JPMorgan upped its growth forecast for the custom AI chip market and said Broadcom's dominance in the space is poised to continue. Essentially, these networking chips help make up the plumbing of data centers. The second line of Broadcom's AI business is custom processors, where the company is best-known for co-designing Alphabet's tensor processing units, or TPUs. Google-parent Alphabet and Broadcom have collaborated on the creation of the AI chips for years, with the sixth-generation TPU being announced last month . The AI chips made by market leader Nvidia and rival AMD are more general purpose.

Persons: Bernstein, Melius, —, Jensen Huang, Jim Cramer's, Jim Cramer, Jim, Hock Tan, Broadcom Lucas Jackson Organizations: Nvidia, Wall, Broadcom, Melius, JPMorgan, Wall Street, VMWare, Google, Amazon, Microsoft, Marvell Technology, Marvell, AMD, CNBC

☆ Buy these stocks where AI is becoming core to the investment thesis, Morgan Stanley says
▼ + stars: | 2024-06-07 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +3 min

Buying stocks with a rising exposure to artificial intelligence could lead to outperformance later this year, according to Morgan Stanley. But for investors who have missed out on the AI trade, Morgan Stanley says it's not too late. In a recent note, a team of eight Morgan Stanley strategists led by Edward Stanley highlighted a group of stocks where artificial intelligence is beginning to play a bigger role in their business, which they called "the enablers." "We believe this strategy of picking stocks where AI materiality is increasing will continue to work for investors for the remainder of 2024," Morgan Stanley wrote. Earlier this week, both Morgan Stanley and Goldman Sachs reiterated buy ratings on First Solar.

Persons: outperformance, Morgan Stanley, Jensen, it's, Edward Stanley, enablers, Morgan, FactSet, Goldman Sachs, Bernstein, Stacy Rasgon, Melius, Raymond James, Josh Beck, Michael Bloom Organizations: Nvidia, Broadcom, Bernstein Research, JPMorgan, Facebook Locations: Thursday's

☆ Crude oil posts third straight weekly loss as supply and demand weigh on market
▼ + stars: | 2024-06-07 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Crude oil futures Friday posted a third straight weekly loss on worries that demand may be softening even as OPEC+ plans to increase production. Here are Friday's closing energy prices:The OPEC+ production increase would start when refineries are down for fall maintenance and then ramp up as demand typically weakens heading into winter. Still, oil market analysts have widely described this week's sell-off as an overreaction, noting that the OPEC+ production increase does not start until October. In the meantime, oil balances should tighten as the cuts remain in place during the summer driving season when demand typically rises, according to JPMorgan. JPMorgan and Barclays have said oil demand growth remains relatively healthy.

Organizations: Brent, Poor U.S, JPMorgan, Barclays, Deutsche Bank, RBC Capital Markets Locations: Gulf of Mexico, OPEC

☆ United Airlines starts serving passengers personalized ads on seat-back screens
▼ + stars: | 2024-06-07 | by ( Leslie Josephs | ) www.cnbc.com time to read: +2 min

Passengers on a Boeing 737 Max-8 plane during a United Airlines flight departing from Newark Liberty International Airport (EWR) in Newark, New Jersey, US, on Wednesday, March 13, 2024. Now playing on United Airlines ' seat-back screens: personalized ads. The carrier on Friday said it launched a media platform to serve travelers personalized advertisements on seat-back screens and in its app, among other platforms, as it seeks to leverage customer data. Customers can opt out of seeing targeted ads through a United web page, and United says advertisers can't access customers' personally identifiable information, the airline said. "There is the potential for 3.5 hours of attention per traveler, based on average flight time," United said.

Persons: Richard Nunn, United's Organizations: Boeing, Max, United Airlines, Newark Liberty International Airport, Kinective, Norwegian Cruise, Resorts, TelevisaUnivision, JPMorgan Chase, United, Delta Air Lines Locations: Newark , New Jersey, US, United

☆ jpmorgan-upgrades-stoneco-says-it-can-surge-correction
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: 1 min

An earlier version of this article misstated the main driver behind Stone shares plummeting roughly 25% this year. An incorrect reference to the date that Stone came out with first-quarter earnings results has been removed.

Persons: Stone Organizations: Stone

☆ Stocks making the biggest moves midday: Five Below, Salesforce, Lululemon, Instacart and more
▼ + stars: | 2024-06-06 | by ( Sean Conlon | ) www.cnbc.com time to read: +3 min

For the current quarter, Five Below said it expects between $830 million and $850 million in revenue, while analysts polled by LSEG expected $883 million. The move was made earlier this week and comes just days after the company reported its first revenue miss since 2006. Lululemon issued weak guidance for the current quarter, but its full-year earnings per share guidance was above expectations. The company recorded earnings of $2.66 per share, which is better than the LSEG consensus estimate of $2.33 in earnings per share. The bank cited its earnings per share potential and discounted valuation as reasons for the call.

Persons: LSEG, ValueAct, Mason Morfit, Lululemon, Sprinklr, Smartsheet, Smucker, Goldman Sachs, —, Samantha Subin, Michelle Fox, Lisa Han, Alex Harring Organizations: LSEG, Revenue, Old Dominion, Fluence Energy, Guggenheim, Ultragenyx Pharmaceutical, JPMorgan

☆ Oil prices gain for second day as hopes for September interest rate cut rise
▼ + stars: | 2024-06-06 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Crude oil futures rose for a second day Thursday as weak jobs data has boosted investor that the Federal Reserve will cut interest rates this year. Separately, the European Central Bank trimmed its interest rates for the first time since 2019. Lower interest rates bring the hope of more robust economic growth and stronger oil demand. Moreover, rising oil inventories are expected to shift to draws in the third quarter with the OPEC+ cuts remaining in place at least until October, according to JPMorgan. "We think oil markets have overreacted to the mildly negative OPEC+ meeting outcome," Barclays analyst Amarpreet Singh told clients in a Thursday note.

Persons: payrolls, Tamas Varga, PVM, Amarpreet Singh Organizations: Federal Reserve, European Central Bank, JPMorgan, Barclays Locations: West, Iraan , Texas, U.S, OPEC, Saudi Arabia, Russia

☆ JPMorgan upgrades this beaten-down payments stock, says it can surge 50%
▼ + stars: | 2024-06-06 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

An overseas investment idea investors shouldn't overlook is StoneCo., a Brazilian financial technology and software solutions company headquartered in the Cayman Islands that JPMorgan has grown bullish on. He maintained his $20 year-end price target, which implies roughly 50% upside from the stock's latest close. "We believe [a] Stone re-rating depends mostly on banking deliveries (i.e., deposits and healthy credit growth) rather than [the] macro environment." Stone's differentiated business model, based on a close approach to clients via hyper-local distribution centers, has allowed it to quickly expand its market share, Fernandes said. He estimates Stone has about 20% market share in the core micro, small and medium-sized businesses (MSMB) market .

Persons: Yuri Fernandes, Stone, Fernandes, Pedro Zinner, Stone's Organizations: JPMorgan, Stone, Reuters Locations: Brazilian, Cayman Islands, U.S

☆ Flying taxis are closer than ever to reality. The booming industry needs to overcome infrastructure hurdles.
▼ + stars: | 2024-06-06 | by ( Taylor Rains | ) www.businessinsider.com time to read: +9 min

One expert said eVTOLs fly at low altitudes and could create airspace and security challenges. The US's first electric vertical-takeoff and -landing aircraft are expected to fly commercial passengers as soon as 2025. It still needs further approvals to fly for airlines like United, but the latest certificate puts it one step closer. Archer's Midnight aircraft are typically shorter range, with the Midnight flying up to 100 miles on one charge. Joby plans to use the four urban vertiports as a citywide commercial eVTOL air link around Dubai.

Persons: eVTOLs, —, Archer, Bryan Bernhard, Bernhard, Archer's, Pete Syme, Henry Harteveldt, Joby, Rani Plaut, Harteveldt, Bernard, Archer Aviation's, Archer Aviation Bernhard Organizations: Infrastructure, Service, Royal Aeronautical Society, American Airlines, United Airlines, Virgin Atlantic Airways, US Air Force, JPMorgan, Newark Liberty International, O'Hare International, Archer, Midnight, Joby Aviation, FAA, NASA, Joby, Air, Delta Air Lines, Federal Aviation, Archer Aviation Locations: Manhattan, New Jersey, Chicago's, Henry, Dubai, Japan, New York City, San Francisco, Washington, London, Paris

Generating income with dividend stocks Dividend stocks have long been a staple of income investors' portfolios. Municipal bonds offer income that's free of federal tax, however. These names trade on exchanges like stocks, and they can offer dividend yields upward of 6%. Options strategies to create income Derivative income funds , such as the JPMorgan Equity Premium Income ETF (JEPI), gathered some $22 billion in 2023, according to Morningstar. Further, consider comparison shopping, as all "derivative income" funds have their own quirks and differences in strategies could affect their risk/return profile.

Persons: Janus Henderson, Walt Disney's, Amber Milam, Jefferies, It's, Savita Subramanian, Subramanian, Russell, Louis, Morningstar, Mike Mulach, Rick Rieder, he'd, Kathleen McNamara, there's, –, Bill Gross, JEPI, Cash, Ashton Lawrence Organizations: Federal Reserve, Meta, Mobile, Bank of America, IBM, . Investment, Fitch, Credit, nab, ICE, Federal Reserve Bank of St, Louis Fed, UBS, UBS Wealth Management, York Life Investments, –, JPMorgan, Mariner Wealth Advisors Locations: U.S, Greenville , South Carolina

☆ Here are Thursday's biggest analyst calls: Apple, Nvidia, Tesla, Netflix, Alphabet, United, JPMorgan, Carvana, Broadcom & more
▼ + stars: | 2024-06-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +8 min

Goldman Sachs reiterates Nvidia as buy Goldman said it's sticking with its buy rating on the stock. JPMorgan upgrades StoneCo to overweight from neutral JPMorgan said in its upgrade of the fintech solutions company that it has "appealing" potential for earnings growth. Morgan Stanley reiterates JPMorgan as overweight Morgan Stanley said it's even more bullish on the stock after a meeting with company management. " JPMorgan reiterates Alphabet as overweight JPMorgan said the company is on the "offensive in Gen AI." JPMorgan reiterates Broadcom as overweight The firm said it's sticking with its overweight rating on shares of Broadcom.

Persons: Morgan Stanley, Tesla, Oppenheimer, DA Davidson, Davidson, Goldman Sachs, Goldman, Bernstein, FANG, Redburn, it's bullish, osteogenesis, it's, Robinson, JPMorgan, Disney, Evercore, Moffett, Carvana Organizations: Walmart, Apple, company's, Conference, Nvidia, Energy, Midland shaleco, Endeavor Energy Resources, Airlines, United, Citi, eBay, JPMorgan, BMO, UBS, Mizuho, SEE, P Containers, Deutsche Bank, Deutsche, Google, Jefferies, DFS, Disney, Netflix, CTV, Broadcom Locations: China, Midland, Rocklin

☆ Not likely the ECB will deliver back-to-back rate cuts, JPMorgan economist says
▼ + stars: | 2024-06-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNot likely the ECB will deliver back-to-back rate cuts, JPMorgan economist saysNora Szentivanyi, global economist at JPMorgan, discusses the upcoming European Central Bank monetary policy meeting and says the prospect of back-to-back rate interest rate cuts is unlikely at this stage.

Persons: Nora Szentivanyi Organizations: ECB, JPMorgan, Central Bank

☆ 3 catalysts could spark a 10% sell-off in the stock market this summer, according to JPMorgan
▼ + stars: | 2024-06-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The May jobs report could spark a bearish narrative change in the stock market. AdvertisementA 10% sell-off in the stock market is possible this summer after a massive year-to-date rally, according to JPMorgan. "The combination of earnings season stock performance and narrowing market breadth points to a market that needs a new set of catalysts and/or reassurance about the prevailing market narrative," JPMorgan said. "Momentum unwind"The bulk of the stock market's recent gains have been driven by momentum, with tech stocks leading the advance. AdvertisementJPMorgan said a jobs report below 50,000 to 75,000 range or above the 250,000 to 300,000 range could spark a narrative change and hurt stock prices.

Persons: — Organizations: JPMorgan, Service

☆ When a Bank Rescinds a Job Offer Because It Canceled Your Credit Cards
▼ + stars: | 2024-06-06 | by ( Ron Lieber | ) www.nytimes.com time to read: +1 min

Customers would get a call from the bank, or their A.T.M. cards would stop working and then their credit cards would freeze as well. One question that lingered was what the long-term ramifications would be for those whose accounts were closed. Thankfully, people who had experienced this usually weren’t blacklisted from opening accounts at other banks, even if their former bank told them that it would never take them back. But what if you tried to work at a bank that had kicked you out?

Persons: Tara Siegel Bernard, JPMorgan Chase, Mansoor Shams Organizations: JPMorgan, Marine, Apple Locations: Baltimore

☆ Trading the jobs report: Where JPMorgan sees the market going based on these scenarios
▼ + stars: | 2024-06-06 | by ( Fred Imbert | ) www.cnbc.com time to read: +3 min

On top of that, the S & P 500 is trading at record levels thanks in large measure to the unrelenting momentum in Nvidia. Hot jobs growth + weaker-than-expected wage growth: The S & P 500 would advance 0.25% to 0.75% in this event, the traders said. In-line jobs growth + strong wage growth: This outcome indicates inflation persists given tight labor market conditions. Disappointing jobs growth + hotter-than-expected wage expansion: JPMorgan traders think this would be the worst outcome for market bulls, with the S & P 500 losing 1.25%-2%. JPMorgan expects the S & P 500 to rise, or fall, as much as 0.25%.

Persons: Dow Jones, stagflation Organizations: Federal Reserve, Nvidia, JPMorgan Locations: U.S

☆ Stocks making the biggest moves before the bell: Robinhood, Nvidia, Lululemon, Five Below and more
▼ + stars: | 2024-06-06 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

Five Below told investors to expect between $830 million and $850 million, while analysts polled by LSEG forecasted $883 million. Sprinklr — The business technology stock dove 21.1% in the wake of weak guidance for the current quarter and full year. StoneCo — The financial technology stock rose 2.6% following an upgrade to overweight from neutral by JPMorgan . Ultragenyx Pharmaceutical — The biopharma stock added nearly 4% following an upgrade to buy from neutral at Goldman Sachs. Shopify — The e-commerce technology stock slipped 1.6% on the back of a MoffettNathanson downgrade to neutral from buy.

Persons: Goldman Sachs, Smartsheet, LSEG, Sprinklr, Mizuho, there's, StoneCo, CH Robinson, Goldman, ISI's, Shopify, Guggenheim, —, Jesse Pound, Michelle Fox, Lisa Kailai Han Organizations: Nvidia, LSEG, Revenue, Mizuho, JPMorgan, Ultragenyx Pharmaceutical, Goldman, eBay, Citi, UBS, BMO Capital, BMO, Viridian Therapeutics, ISI, Energy Locations: Americas

☆ This chip stock just won a big Google contract and is carving out its niche in AI
▼ + stars: | 2024-06-06 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

This likely winner of a big chip contract from Google could see shares rally another 20% from here, according to JPMorgan. Sur also noted that this is the seventh iteration of AI processor chips the company would make for Alphabet. Broadcom shares have rallied 25% this year, with Sur's $1,700 target implying 20% upside from Wednesday's close. Sur said Broadcom is the second biggest AI semiconductor supplier after Nvidia and the market share leader in cutting-edge customer chip design. Combined, these projects could yield $11 billion to $12 billion in AI revenue in 2024 and $14 billion to $15 billion in revenue next year.

Persons: Harlan Sur, Sur Organizations: Google, JPMorgan, Broadcom, Microsoft, Apple, Nvidia, Sur, Meta

☆ CNBC's Inside India newsletter: Modi's loss could be India's gain
▼ + stars: | 2024-06-06 | by ( Ganesh Rao | ) www.cnbc.com time to read: +7 min

Indian Prime Minister Narendra Modi gestures, at the Bharatiya Janata Party (BJP) headquarters in New Delhi, India, June 4, 2024. Adnan Abidi | ReutersThis 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. Far from rewarding Prime Minister Narendra Modi's party with a supermajority — as polls had predicted — Indians elected 240 BJP lawmakers to India's 543-seat Parliament, which falls short of a simple majority for Modi's party. However, as the largest party, the BJP will form a coalition government thanks to its alliance with smaller parties ahead of the elections. This "radical transformation" is expected to lead to a significantly more efficient economy and help India's currency, according to Sullivan.

Persons: Narendra Modi, Adnan Abidi, Narendra Modi's, Modi, Gavekal, Tom Miller, Udith Sikand, Malcolm Dorson, Aastha Gudwani, who's, India's, Morgan, Ridham Desai, Will, Goldman Sachs, Abhiram Eleswarapu, Eleswarapu, Tanvir Gill, Sri Jegarajah, Sumathi Bala, Seema Mody, Amala Balakrishner, Vinay Dube, could've, James Sullivan, Sullivan Organizations: Indian, Bharatiya Janata Party, BJP, Reuters, CNBC, Global, of America, Gavekal Research, India Active, BNP, CNBC Pro, JPMorgan, U.S . Federal Locations: New Delhi, India, CNBC's

☆ Stock market today: US stocks trade mixed ahead of key May jobs report
▼ + stars: | 2024-06-06 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

The stock market rally wobbled on Thursday as indexes traded mixed ahead of the May nonfarm payroll report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Bank of America said last week that a reading of 125,000-175,000 would be a Goldilocks zone that could kickstart a fresh rally in the stock market. On Thursday, JPMorgan strategists laid out the three scenarios that could catalyze a sell-off in stocks this summer, one of which surprise in any upcoming employment report. The retail-trading icon scheduled a live stream on his YouTube channel for Friday, helping to send GameStop stock as much as 41% higher.

Persons: Keith Gill's, —, Chris Zaccarelli, Keith Organizations: GameStop, Service, Bank of America, JPMorgan, YouTube, AMC, Apple Locations: obsessing

☆ A Fed rate cut 'increasingly looks like a 2025 event' to me, says Stifel's Lindsey Piegza
▼ + stars: | 2024-06-05 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailA Fed rate cut 'increasingly looks like a 2025 event' to me, says Stifel's Lindsey PiegzaLindsey Piegza, Stifel chief economist, and Stephen Parker, JPMorgan Private Bank head of specialized strategies, join 'Squawk Box' to discuss the Fed's inflation fight, state of the economy, interest rate outlook, and more.

Persons: Stifel's Lindsey Piegza Lindsey Piegza, Stephen Parker Organizations: JPMorgan Private Bank

☆ Jamie Dimon probably isn't too happy about how the Indian election went
▼ + stars: | 2024-06-05 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Indian's Prime Minister Narendra Modi lost his absolute majority in parliament on Tuesday. That is probably gonna be a bummer for JPMorgan boss Jamie Dimon who has been a big fan of Modi. Dimon was effusive in his praise for Modi, saying that he "has done an unbelievable job in India." AdvertisementJPMorgan chief Jamie Dimon probably isn't too happy that India's Prime Minister Narendra Modi lost his absolute majority in parliament on Tuesday. In April, Dimon effusively praised the Indian leader during an event at The Economic Club of New York.

Persons: Narendra Modi, Jamie Dimon, Modi, Dimon, —, hasn't, Dimon effusively, He's Organizations: Indian's, JPMorgan, Service, Wall Street, Modi, Economic, of New, Business Locations: India, of New York

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