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☆ Jim Cramer says the buzz around bitcoin ETPs is a buyer beware situation
▼ + stars: | 2024-01-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Wednesday explained what the Securities and Exchange Committee's decision to approve spot bitcoin exchange-traded products in the U.S. means for investors. Cramer said he's not necessarily against investing in Bitcoin, but warned investors to know the risks before buying. "I'm taking a page from Jamie Dimon here — this is a caveat emptor situation," he said, referring to the JPMorgan CEO and Bitcoin skeptic. ETPs include several investment vehicles, such as exchange-traded funds and exchange-traded notes. SEC Chair Gary Gensler has spoken out against crypto in the past and the agency disapproved more than 20 filings for spot Bitcoin ETPs from 2018-2023.

Persons: CNBC's Jim Cramer, Cramer, he's, Jamie Dimon, Gary Gensler, I'm, Bitcoin's, that's Organizations: Securities, Exchange, JPMorgan, SEC Locations: U.S, Bitcoin

☆ Jamie Dimon: Trump was right about key issues and bashing MAGA will hurt Biden
▼ + stars: | 2024-01-17 | by ( Matt Egan | ) edition.cnn.com time to read: +3 min

New York CNN —Jamie Dimon has a warning for Democrats: Don’t dismiss Trump supporters as people who are exclusively attracted to his personality. Former President Donald Trump was right about some critical issues, the JPMorgan CEO says. “I wish the Democrats would think a little more carefully when they talk about MAGA,” Dimon told CNBC on Wednesday from the World Economic Forum in Davos. Dimon, who has clashed with Trump in the past and previously described himself as “barely a Democrat,” said that people are “basically scape-goating” Trump supporters. “I don’t think they are voting for Trump because of his family values,” Dimon said.

Persons: Jamie Dimon, Don’t, Donald Trump, “, MAGA, ” Dimon, ”, ” Trump, Trump, Trump’s, Dimon, Bloomberg Television it’s, Nikki Haley, “ I’ve, Hillary Clinton’s, Barack Obama’s, Biden’s Organizations: New, New York CNN, Trump, CNBC, Economic, NATO, Republican, JPMorgan, Bloomberg Television, JPMORGAN, Wednesday Locations: New York, Davos, Dimon, China, Mexico, United States

☆ Jamie Dimon warns 'all these very powerful forces' will impact U.S. economy in 2024 and 2025
▼ + stars: | 2024-01-17 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC's Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17yth, 2024. "You have all these very powerful forces that are going to be affecting us in '24 and '25," Dimon told Andrew Ross Sorkin Wednesday in a CNBC interview at the World Economic Forum in Davos. "Ukraine, the terrorist activity in Israel [and] the Red Sea, quantitative tightening, which I still question if we understand exactly how that works," Dimon said. Quantitative tightening refers to moves by the Federal Reserve to reduce its balance sheet and rein in previous efforts including bond-purchasing programs. In Dimon's view, the relatively buoyant stock market of recent months has lulled investors on the potential risks ahead.

Persons: Jamie Dimon, JPMorgan, 17yth, JPMorgan Chase, Dimon, Andrew Ross Sorkin, dory, we've Organizations: JPMorgan Chase, JPMorgan, CNBC, Economic, Federal Reserve Locations: Davos, Switzerland, U.S, Ukraine, Israel

☆ Jamie Dimon praises Trump, warns MAGA criticism could hurt Biden
▼ + stars: | 2024-01-17 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

JPMorgan Chase CEO Jamie Dimon on Wednesday praised former President Donald Trump's record and admonished Democrats to be "more respectful" of Trump's supporters, or else risk hurting President Joe Biden's reelection bid. "I wish the Democrats would think a little more carefully when they talk about MAGA," Dimon said on CNBC's "Squawk Box," referencing Trump's supporters by the acronym of his "Make America Great Again" campaign slogan. "I think this negative talk about MAGA is going to hurt Biden's election campaign," he said from the World Economic Forum annual meeting in Davos, Switzerland. Dimon argued that using the phrase "MAGA" incorrectly links Trump's supporters to the former president's personality and character. Meanwhile, Biden has warned that Trump and "MAGA Republicans" pose an existential threat to American democracy.

Persons: Jamie Dimon, Donald Trump's, Joe Biden's, MAGA, Dimon, Biden's, Nikki Haley, Biden, Trump Organizations: JPMorgan, Trump, Democratic Locations: Davos, Switzerland, Iowa

☆ Jamie Dimon warns ‘all these very powerful forces’ will affect U.S. economy in 2024 and 2025
▼ + stars: | 2024-01-17 | 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 EmailJamie Dimon warns ‘all these very powerful forces’ will affect U.S. economy in 2024 and 2025JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. “You have all these very powerful forces that are going to be affecting us in ’24 and ’25,” Dimon told Andrew Ross Sorkin Wednesday in a CNBC interview at the World Economic Forum in Davos.

Persons: Jamie Dimon, ‘, ” Dimon, Andrew Ross Sorkin Organizations: JPMorgan Chase, CNBC, Economic Locations: U.S, Davos

☆ Bitcoin has a lot of opportunities, ETFs will be a tailwind, says Piper Sandler's Craig Johnson
▼ + stars: | 2024-01-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin has a lot of opportunities, ETFs will be a tailwind, says Piper Sandler's Craig JohnsonCraig Johnson, Piper Sandler, joins 'Power Lunch' to discuss technical support for stocks JPMorgan CEO Jamie Dimon spoke about to CNBC.

Persons: Piper Sandler's Craig Johnson Craig Johnson, Piper Sandler, Jamie Dimon Organizations: CNBC

☆ JPMorgan CEO Jamie Dimon says Trump was 'kind of right' about NATO and immigration
▼ + stars: | 2024-01-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Read previewJPMorgan Chase chief executive Jamie Dimon said that former President Donald Trump was "kind of right" about NATO and immigration and urged Democrats to "be a little more respectful" of voters who are backing the ex-president's 2024 campaign. "When people say MAGA, they're actually looking at people voting for Trump, and they think they're voting — they're basically scapegoating them, that you are like him. But I don't think they're voting for Trump because of his family values," Dimon said. "He's kind of right about NATO. "But he wasn't wrong about some of these critical issues, and that's why they're voting for him.

Persons: —, Jamie Dimon, Donald Trump, Dimon, MAGA, they're, Trump, Joe Biden, Biden Organizations: Service, Chase, Business, CNBC, Trump, NATO, Maga Republicans Locations: Davos, China, Mexico, United States, Iowa

☆ What Wall Street bosses from Goldman Sachs to JPMorgan are saying about the jobs outlook for 2024 in investment banking, wealth management, and more
▼ + stars: | 2024-01-16 | by ( Emmalyse Brownstein | Alex Morrell | Reed Alexander | ) www.businessinsider.com time to read: +11 min

Last year, banks opened 2023 by forecasting layoffs, including for the investment bankers who suddenly had nothing to do following the pandemic-era M&A and IPO boom. Citigroup kicked off 2024 ominously, warning that it will lay off as many as 20,000 employees by 2026. The bank expects 2024 expenses to increase further to total $90 billion, up $2.8 billion from 2023, and much of that will be focused on hiring. CFO Barnum on Friday said the bank is gearing up for a "rebound in the investment banking wallet." Headcount declined 3% to 80,006 from 82,427, while compensation expenses rose to $24.5 billion from $23 billion.

Persons: It's, it's, Jane Fraser, Jeremy Barnum, JPMorgan Chase Jamie Dimon, JPMorgan Chase, Alex Wroblewski, JPMorgan's headcount, Barnum, Friday, Patrick T, Fallon, —, Fraser, Q, Goldman Sachs Goldman Sachs, David Solomon, BRENDAN MCDERMID, Goldman Sachs, Denis Coleman, Coleman, Goldman, Bank of America Brian Moynihan, Robert Galbraith, headcount, BofA, Alastair Borthwick, execs, they've, Brian Moynihan, Wells Fargo Charles Scharf, Lucy Nicholson Wells Fargo, Michael Santomassimo, Charlie Scharf, Santomassimo, BlackRock Larry Fink, Fink, Kapito, Morgan Stanley Ted Pick, Morgan Stanley, Jeenah, Headcount, Morgan, Ted Pick, Sharon Yeshaya, Blackstone Steven Schwarzman, Blackstone, Gonzalo Fuentes Organizations: Business, Citigroup, JPMorgan, Citi, BlackRock, Blackstone, Getty, AlphaSense, Citigroup Citigroup, Bank of America, REUTERS, Robert, Robert Galbraith Bank of America's, Reuters, AP BlackRock, Global Infrastructure Partners Locations: Wall, headcount, Wells Fargo

☆ Premarket stocks: The rich and powerful are meeting in Davos. Here’s what they’re talking about
▼ + stars: | 2024-01-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Climate catastrophes: Climate change is a hot topic as leaders meet to discuss balancing economic growth with sustainability. Davos comes just days after scientists around the globe reported that the average temperatures last year reached a new record high. The report also said that cooperation among global leaders on the issue is scarce. So while leaders will likely discuss the use of fossil fuels and green development, there may not be much agreement. Leaders gathered in Davos Sunday to discuss Ukrainian President Zelensky’s 10-point peace plan to end Russia’s war with his country.

Persons: Isaac Herzog, Volodymyr Zelensky, Emmanuel Macron, Li Qiang, Antony Blinken, Jake Sullivan, John Kerry, Satya Nadella, Sam Altman, Jamie Dimon, Brian Moynihan, Larry Fink, Donald Trump, ”, Philipp Hildebrand, CNN’s Richard Quest, ” “, ” Nicolai Tangen, CNN’s, “, Kristalina Georgieva, OpenAI’s Altman, Microsoft’s, Zelensky’s, JPMorgan’s Dimon, Herzog, Klaus Schwab, Tami Luhby, Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, Warren Buffett, Nabil Ahmed, ” Ahmed, Jordan Valinsky, Comité Organizations: New, New York CNN, World Economic, National, Business, Microsoft, JPMorgan, Bank of America, BlackRock, Republican, GOP, ” BlackRock, Bank, Norges Bank, International Monetary Fund, IMF, State, Amazon, Oracle, Berkshire Hathaway, Oxfam, Workers Locations: New York, Davos, United States, Iowa, Europe, Taiwan, India, Mexico, China, Covid, Champagne, France

☆ BlackRock CEO Larry Fink warns of stubborn inflation - but expects growth to accelerate this year if interest rates drop
▼ + stars: | 2024-01-15 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +2 min

Read previewLarry Fink expects US inflation to prove stubborn, but economic growth to get a boost if interest rates fall this year. AdvertisementRapid inflation has spurred the Fed to hike interest rates from nearly zero to over 5%. Higher rates are also associated with slower growth, increased unemployment, and lower asset prices, raising the prospect of a market downturn or a recession. GDP growth was nearly 5% in the third quarter, unemployment remains at a historic low of below 4%, and resilient corporate earnings have buoyed stock prices. He struck a similarly optimistic tone on the long-term outlook for the US stock market and wider economy last year.

Persons: —, Larry Fink, " Fink, Fink, Jamie Dimon, Gary Gensler Organizations: Service, Business, BlackRock, Fox Business, Wall Street, JPMorgan, SEC Locations: bitcoin

☆ Ukraine says China needed for peace process after Davos meeting
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: +2 min

China needs to be involved in talks to end the war with Russia, Ukraine's top representative said after a high-level diplomatic meeting ahead of the World Economic Forum in Switzerland. Ukraine's presidential chief of staff Andriy Yermak said on Sunday it was important that Russian ally China was at the table when Kyiv convenes further meetings on its peace formula. Zelenskiy is due to arrive in Bern, Switzerland on Monday to meet the President of the Swiss Confederation Viola Amherd. We must find ways to work with China on this," Cassis said, adding that both Russia and Ukraine were not willing to make concessions. The role of the Global South in Ukraine's peace formula talks has come into focus in the lead up to Davos.

Persons: Volodymyr Zelensky, Andriy Yermak, Li Qiang, Volodymyr Zelenskiy, Li, Yermak, Viola Amherd, Ignazio Cassis, Cassis, Jamie Dimon, Vladimir Putin Organizations: Economic, Swiss, JPMorgan, Ukraine, Bloomberg News, Dimon, Cuban Missile, European Union, Kyiv, Global, United Nations Locations: Davos, China, Russia, Ukraine's, Switzerland, Ukrainian, Bern, Swiss, Ukraine, Brazil, India, South Africa, Africa, Latin America, East, Asia

☆ CNBC Daily Open: Big Bank earnings point to a grim season
▼ + stars: | 2024-01-15 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +3 min

Win Mcnamee | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. What you need to know todayThe bottom lineFourth-quarter earnings have officially begun with four of Wall Street's top six banks reporting rather bleak results. JPMorgan Chase, the biggest U.S. bank by assets, paid a sizeable fee linked to the government seizures associated with regional banking crisis last March, which impacted its earnings. Citigroup has lagged its Wall Street peers since the 2008 financial crisis and remains the lowest valued among the top six banks.

Persons: Brian Moynihan, Jamie Dimon, JPMorgan Chase, Jane Fraser, Win Mcnamee, Jane Fraser's, Kurt Rankin, Lai Ching, Lai Organizations: Bank of America, JPMorgan, Citigroup, CNBC, Federal Reserve, PNC, Voters, Democratic Progressive Party Locations: Hart, Washington , DC, U.S, Asia, China, Taiwan

☆ Inflation is still a mixed bag, but markets don't care. They see big Fed rate cuts ahead
▼ + stars: | 2024-01-15 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

December's inflation data provided just enough evidence to show that the pace of price increases is continuing to cool while also serving up a reminder that the war isn't won yet. One is that regardless of the headline numbers, the parts of inflation that don't fluctuate as much have been fairly stubborn. So-called sticky inflation, which includes things such as housing costs, auto insurance, medical care services and household furnishings, are indeed holding higher. On a one-month annualized basis, the measure also was at 4.6%, but that's up a full percentage point from the previous month. Fed policymakers also are attuned to the relationship between wages and inflation.

Persons: isn't, Disinflation, Jamie Dimon, cautioning, Krishna Guha, Goldman Sachs, Goldman, Ian Shepherdson, Dan North Organizations: Separate Labor Department, Federal Reserve, Nomura Global Economics, JPMorgan Chase, Evercore ISI, PPI, Citigroup, Commerce, Fed, Pantheon, Atlanta, Allianz Trade Locations: Red

☆ How JPMorgan's Bola Oyesanya became the whisperer to rich law firm partners
▼ + stars: | 2024-01-14 | by ( Hayley Cuccinello | ) www.businessinsider.com time to read: +8 min

One client, a law firm partner, refused to consider Oyesanya's suggestion of alternative investments. AdvertisementBanking to wealthy law firm partners is a desirable niche. Law firm partners averaged $1.12 million in compensation in 2022 according to a survey by recruiter Major, Lindsey & Africa, and top partners in Big Law can make more than $10 million a year. Now global head of JPMorgan's law firm and professional services group, Oyesanya is up against a formidable rival: her former employer. AdvertisementShe plans to strengthen JPMorgan's law firm group with the same ethos: serving customers well to earn their loyalty and their referrals.

Persons: Bola Oyesanya, Oyesanya, Wells, —, We're, Major, Jamie Dimon, Bola, Philip Waxelbaum, Waxelbaum, She, I've, what's Organizations: Citi, JPMorgan, Service, Banking, Big, Financial Times, Wells, Lagos Law School, Ogun University, City Trust Merchant Bank, Partners Locations: Nigeria, Wells Fargo, Lindsey, Africa, York

When JPMorgan Chase bought First Republic Bank in May, all eyes were on its CEO, Jamie Dimon. Here’s how the executive’s strategy for managing risk propelled him to the top of the banking world. Photo illustration: John McColganAmerican consumers and businesses remained on surprisingly solid financial footing last year, propelling earnings for the biggest banks yet again. JPMorgan Chase said it made $50 billion in 2023, a record, as many firms reported fourth-quarter and full-year results Friday. JPMorgan, Bank of America , Wells Fargo and Citigroup together earned $104 billion in 2023, up 11% from a year earlier.

Persons: JPMorgan Chase, Jamie Dimon, John Organizations: JPMorgan, First Republic Bank, Bank of America, Citigroup Locations: Wells Fargo

☆ Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
▼ + stars: | 2024-01-12 | by ( Jeff Cox | ) www.cnbc.com time to read: +3 min

Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday. Excluding food, energy and trade services, PPI also was up 0.2%, in line with the estimate. For the full year, the final demand measure less food, energy and trade services rose 2.5% for all of 2023 after being up 4.7% in 2022. Markets initially reacted positively to the PPI release but turned lower through morning trading. PPI measures the prices that producers pay for goods and services, while CPI gauges what consumers pay in the marketplace.

Persons: Dow Jones, Kurt Rankin, Jamie Dimon Organizations: Labor Department, PPI, PNC, Diesel, Traders, Federal, Market, JPMorgan Locations: U.S

☆ JPMorgan Chase profit falls after $2.9 billion fee from regional bank rescues
▼ + stars: | 2024-01-12 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

JPMorgan Chase said Friday that fourth-quarter profit declined after paying a $2.9 billion fee tied to the government seizures of failed regional banks last year. The bank said quarterly earnings slipped 15% to $9.31 billion, or $3.04 per share, from a year earlier. Excluding the fee tied to the regional banking crisis and $743 million in investment losses, earnings would have been $3.97 per share, according to JPMorgan. The bank said it generated nearly $50 billion of profit in 2023, $4.1 billion of which came from First Republic. The Federal Deposit Insurance Corporation hit large U.S. banks with a special assessment to replenish losses from a fund that helped uninsured depositors of seized regional banks.

Persons: JPMorgan Chase, Jamie Dimon, Dimon Organizations: JPMorgan, LSEG, Revenue, First, First Republic, Federal Deposit Insurance Corporation, Federal Reserve, Fed, KBW, CNBC PRO Locations: U.S, First Republic, Ukraine

Wholesale inflation fell by 0.1% in December, capping a year in which the rate of price increases dropped sharply, according to a report from the Labor Department released on Friday. The producer price index for all of 2023 came in at 1% compared to 6.4% in 2022. No indication of inflation at the wholesale level,” Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, posted on social media. A lot will depend on how the economy performs this year after putting in a strong performance in 2023. Wages are increasing and now running higher than the level of inflation, giving support to consumer spending.

Persons: ” Kathy Jones, ”, Jeffrey Roach, ” “, Jared Cohen, Goldman Sachs, Ian Bremmer, Jamie Dimon, JPMorgan Chase, Dimon, ” Dimon Organizations: Labor Department, PPI, Schwab Center, Financial Research, Federal, LPL Financial, BCA Research, Fed, U.S, Global Affairs, Goldman, Eurasia Group, GZERO Media, JPMorgan Locations: Red, Iranian, Asia, U.S, Ukraine

☆ San Francisco is in 'far worse shape than New York,' JPMorgan CEO Jamie Dimon says
▼ + stars: | 2024-01-12 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

JPMorgan CEO Jamie Dimon isn't happy about the way things are playing out in San Francisco. The city "is in far worse shape than New York" and needs lower rents to attract workers, he told Fox Business. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementSan Francisco "is in far worse shape than New York," Jamie Dimon, the CEO of JPMorgan, told Fox Business while in the city for his company's annual healthcare conference. Asked by "Mornings with Maria" host Maria Bartiromo about his thoughts on San Francisco, Dimon said: "Any city who doesn't do a good job, it will lose its population."

Persons: Jamie Dimon isn't, —, Jamie Dimon, Maria, Maria Bartiromo, Dimon Organizations: Fox Business, Service, JPMorgan, Business Locations: San Francisco, New York, San Francisco's, Francisco

☆ 2024 is looking a whole lot like the 1970s, says Jamie Dimon — and that's not a good thing
▼ + stars: | 2024-01-10 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

JPMorgan Chase CEO Jamie Dimon told Fox Business Network he sees similarities between the economy of the 1970s and 2024. Dimon said he isn't sure the economy will achieve the soft landing the Fed is trying to engineer. The 1970s was marked by a period of high inflation and stagnant economic growth. AdvertisementJPMorgan Chase CEO Jamie Dimon said 2024 may just be like the 1970s — and it's more about the economy than nostalgia. "And that looks a little more like the 1970s to me," Dimon told Bartiromo, referring to a period when stagnant growth and high inflation pressured the economy.

Persons: Jamie Dimon, Dimon, —, Maria Bartiromo, Bartiromo, isn't Organizations: JPMorgan, Fox Business Network, Service, Fox Business, Federal Reserve

☆ Heroes to zeroes in 12 months: How the two biggest crypto billionaire CEOs proved the critics right
▼ + stars: | 2023-12-30 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +12 min

Combination showing Former FTX CEO, Sam Bankman-Fried (L) and Zhao Changpeng (R), founder and chief executive officer of Binance. Meanwhile, Solana is nearly 10x higher in the last 12 months, and bitcoin miner Marathon Digital has also skyrocketed. That same year, Bankman-Fried earned street cred in crypto circles for his bitcoin arbitrage trading strategy, dubbed the Kimchi swap. The relationship between Zhao and Bankman-Fried began to sour a few months after they met. In Nov. 2022, a fight between Bankman-Fried and CZ on Twitter, now known as X, pulled the mask off the scheme.

Persons: Sam Bankman, Zhao Changpeng, Bitcoin, Solana, Binance's, Zhao, FTX's Sam Bankman, Fried, JPMorgan Chase, Jamie Dimon, bitcoin, Bill Gates, Warren Buffett, Elizabeth Warren, execs, Renato Mariotti, Michael Lewis, Sam, gunning, Lewis, SBF, Binance, FTX, Goldman Sachs, General Merrick Garland, Garland, Amr Alfiky Organizations: Marathon, JPMorgan, Microsoft, Capitol, Department of Justice, U.S . Justice Department's Securities, Commodities, CZ, Alameda Research, Formula, Democratic, Twitter, Emergency Economic, U.S ., Futures Trading Commission, Treasury Department, Securities, Exchange Commission, Justice Department, DOJ, Reuters Locations: Hong Kong, Singapore, Bankman, FTX, Miami, Washington, Alameda, U.S, New York City

☆ Microsoft’s Satya Nadella is CNN Business’ CEO of the Year
▼ + stars: | 2023-12-26 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +10 min

New York CNN —It was the year of artificial intelligence, and no Big Tech company leaned into the trend like Microsoft. That’s why CNN Business’ staff chose Nadella as the CEO of the Year, beating out other contenders including Chase CEO Jamie Dimon, OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang. “There’s no question 2023 was the year of AI,” Nadella told CNN in an emailed response. OpenAI CEO Sam Altman and Nadella shared the stage at OpenAI’s first developer conference to discuss their partnership. Nadella told CNN he indeed remains “focused” on empowering both people and organizations to achieve more, as it continues to make and deploy new products.

Persons: Satya Nadella, Nadella, Jamie Dimon, Sam Altman, Jensen Huang, “, ” Nadella, Pfizer’s Albert Bourla, Taylor Swift, Gil Luria, DA Davidson, ”, OpenAI —, Justin Sullivan, OpenAI’s Altman, Altman, “ It’s, OpenAI, ” OpenAI, ” Luria, Greg Brockman, Luria, Fred Havemeyer, “ Mr, Brad Barket, Stuart Carlaw, Nadella’s, he’s, ” Carlaw, hasn’t, ” Takeshi Numoto, — CNN’s Allison Morrow Organizations: New, New York CNN, Big Tech, Windows, CNN Business ’, Chase, Nvidia, CNN, Fortune, Microsoft, Ivy League, University of Wisconsin -, University of Chicago Booth School of Business, ChatGPT, Google, Macquarie, ABI Research Locations: New York, Silicon Valley, Seattle , Washington, Valley, India, University of Wisconsin - Milwaukee, Instacart, OpenAI

☆ McDonald's is in the midst of some big changes that show the changing tides in the world of fast food
▼ + stars: | 2023-12-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, we're looking at some of the recent big changes at McDonald's, including the launch of a new restaurant concept. AdvertisementCold foam and oat milk are big business, as drink modifiers add up to roughly $1 billion in revenue for Starbucks. McDonald's app has grown over the years, with over 57 million active members, but it still leaves much to be desired. To be sure, 10 CosMc's is not even a drop in the bucket of McDonald's 40,000-plus restaurant empire.

Persons: —, I'm, Joe Ciolli, Iman Jalali, Nancy Luna, It's, McDonald's, Nancy, CosMc's, Jamie Dimon, Jerome Powell, Jose Luis Magana, Ryan Detrick, Niklas Halle'n, Rebecca Zisser, Jeff Bezos, OpenAI's Ilya Sutskever doesn't, Sam Altman's, hasn't, Elon Musk's, Ben Bergman, Adam Neumann's, Insider's Ben Bergman, Z, Donald Trump, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Starbucks, Nancy, McDonalds, McDonald's, Reserve, Banking, Housing, Urban Affairs, Capitol, Carson Group, Getty Images, San, Sutskever, Visual China, Getty, Fort, Trump Organization, Trump Organization . Golden Globe Locations: Chicago, , Illinois, Texas, Washington, AFP, San Francisco, Fort Lauderdale, New York City, San Diego, London, New York

The personnel shake-up follows growing frustration among campaign staffers over the effectiveness – or lack thereof – of the PAC’s spending. “It’s not so good,” Carol Weissert, political science professor at Florida State University, says about the state of the DeSantis campaign. To be sure, DeSantis has put in the work in Iowa, having completed his 99-county tour this week. The polling average as of Dec. 4 shows Trump with 45% support in Iowa, with DeSantis at 17% and Haley at 15%. She eclipsed DeSantis for the first time this week in Iowa in a poll by Americans for Prosperity, which is supporting her campaign, showing Haley 1 percentage point ahead of DeSantis – 17% to 16%.

Persons: Ron DeSantis, Christian Ziegler, Bridget Ziegler, Zieglers, –, “ It’s, ” Carol Weissert, it’s, “, Trump, ”, ” DeSantis, DeSantis, he’ll, Nikki Haley, Vivek Ramaswamy, Chris Christie, he’s, Haley, Trump’s, Jamie Dimon, ” “ We’ve, Jacob Neiheisel, Neiheisel Organizations: Iowa, Florida Gov, GOP, PAC, Sunshine, Republican, Liberty, Florida State University, Trump, Republican Party, South Carolina Gov, New, New Jersey Gov, DeSantis, Koch, Prosperity, University of Buffalo Locations: Florida, Trump, New Jersey, Tuscaloosa , Alabama, Iowa, Georgia’s Fulton County

☆ Wall Street opens wallets wide for 'Trump alternative' Nikki Haley at $500K fundraiser
▼ + stars: | 2023-12-05 | by ( Brian Schwartz | ) www.cnbc.com time to read: +4 min

Attendees were asked to give between $3,300 and $16,600 per person to Team Stand for America, a joint fundraising committee benefiting her campaign, according to the invitation. A spokesman for Elliot did not return requests for comment. Chambers, Rosenkranz, a representative for for JPMorgan and a spokeswoman for AQR did not return requests for comment. A spokeswoman for the Haley campaign did not return requests for comment. Haley is trailing Trump nationally by around 50 percentage points, according to a Real Clear Politics polling average.

Persons: Nikki Haley, Haley, Donald Trump, Campbell Brown, Dan Senor, Paul Singer, Annie Dickerson, Singer's, Steve Cohen, Singer, Cliff Asness, Kristin Lemkau, Robert Rosenkranz, Ray Chambers, Lemkau, Jamie Dimon, Asness, Brown, Eric Levine, they're, Levine, Elliot, Chambers, AQR, Ken Langone, Democratic megadonor Reid Hoffman Organizations: Republican Party, Bluffton SC, Former U.S, United, New York, Wall Street, Facebook, Elliot Investment Management, Elliot Management, Politico, AQR Capital Management, JPMorgan, Delphi Capital Management, NHL's New Jersey Devils, New York Times, CNBC, Hamas, America, Trump, Home Depot, Democratic, Haley Locations: Bluffton, United States, New, Iowa, New Hampshire, South Carolina, NHL's, New York

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