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Search resuls for: "Matt Egan Chris Isidore"


2 mentions found


☆ Jamie Dimon: Risk of recession not raised by latest bank failure
  + stars: | 2023-05-01 | by ( Matt Egan Chris Isidore Alicia Wallace | Matt Egan | Chris Isidore | ) edition.cnn.com   time to read: +2 min
New York CNN —The collapse of First Republic Bank is unlikely to worsen the US economic outlook, JPMorgan CEO Jamie Dimon said Monday. Dimon told CNN’s Poppy Harlow early last month that the stress in the banking system had increased the odds of a US recession. The bank had $100 billion in those deposits withdrawn from the bank during the first quarter, it reported last week. “The American banking system is extraordinarily sound,” he said. But he agreed with Dimon that the seizure of First Republic, however, does not shift those forecasts, he told CNN Monday.
☆ America’s gas prices rise for the first time in 99 days
  + stars: | 2022-09-21 | by ( Matt Egan Chris Isidore | Matt Egan | Chris Isidore | ) edition.cnn.com   time to read: +4 min
Another major factor that had been driving gas prices lower: Growing concerns of a global recession that could hurt demand for gas. Russia’s invasion of Ukraine, and the sanctions that followed, that helped to spark the steep rise in oil and gas prices. Gas prices will probably remain relatively close to the current levels in the near term, said Tom Kloza, global head of energy analysis for OPIS, which tracks gas prices nationally for AAA. Yet if gas prices begin to rise that could undermine the Biden administration and the Federal Reserve’s efforts to keep inflation in check. Falling gas prices are the sole reason America’s consumer prices have remained steady overall during the past few months after rising sharply in 2021 and the beginning part of this year.
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