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☆ How Cramer makes sense of the 'great bottom' of 2023
▼ + stars: | 2023-12-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +6 min

We've seen a stock rally that can't seem to quit. Probably when the supply of stock comes to market through IPOs and we get a weak bond auction that causes the bond market to hiccup. So now, you just got my best lesson about the great bottom of 2023. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. The New York Stock Exchange is seen during morning trading on December 01, 2023 in New York City.

Persons: It's, devolves, Jamie Dimon, Elon Musk, Josh Frost, –, we've, unawares, We've, Jim Cramer's, Jim Cramer, Jim, Michael M Organizations: Federal, Fed, JPMorgan, Tesla, Club, Microsoft, Google, Apple, Labor Department, Jim Cramer's Charitable, CNBC, The New York Stock Exchange, Santiago, Getty Locations: IPOs, New York City

☆ A major CEO backer of the remote office model concedes one big work from home failure
▼ + stars: | 2023-12-03 | by ( Deborah Kong | ) www.cnbc.com time to read: +4 min

Sallie Krawcheck, CEO of Ellevest, an investment and financial literacy platform for women, has been a vocal advocate for remote work. The various benefits — lower fixed costs, a larger talent pool, and added flexibility for women and under-represented groups — factor into why Ellevest has remained fully remote since the pandemic. Not many people do it, and you can't run into each other at the coffee machine when you're on Zoom," Krawcheck said. Goldman Sachs CEO David Solomon has referred to remote work as "an aberration." Meta , which vocally embraced fully remote work, now has many employees back three days a week.

Persons: It's, Sallie Krawcheck, Ellevest, Krawcheck, Merrill Lynch, Jamie Dimon, Dimon, Goldman Sachs, David Solomon, Sam Altman, Nicholas Bloom, Covid, Bloom Organizations: Amazon, Google, CNBC Workforce, Citigroup, Wall, Cisco, Microsoft, Stanford Locations: New York City

☆ Americans are doom saving, too
▼ + stars: | 2023-12-01 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +4 min

While some are "doom spending" — mindlessly spending money — others are looking for ways to save. <ore than a quarter of Americans say they're turning to the financial equivalent — doom spending — to quell their concerns. If the antidote to "doomscrolling" is putting down the phone, then the opposite of "doom spending" might well be putting down the credit card in favor of "doom saving." AdvertisementAnd while the Intuit report that coined the "doom spending" neologism noted that a troubling 22% of Americans have no savings at all. AdvertisementSpending on discounts and deals is, of course, not saving — it's still spending — but the mindset of "doom saving" is about responding to uncertainty by trying to conserve a finite resource.

Persons: —, Jamie Dimon, we've, Brian Cornell, Doug McMillon, — it's, they'd Organizations: Service, Intuit, Walmart, Target

☆ Should Trump Believe the Polls?
▼ + stars: | 2023-12-01 | by ( Lauren Camera | ) www.usnews.com time to read: +11 min

Former President Donald Trump is a polls guy. He’s currently languishing in fourth place, according to polls, behind Trump, Florida Gov. “In 2016, we experienced the phenomenon of the silent Trump voter, those who were secretly for Trump but feared being ostracized if they said so publicly,” he wrote. “A majority of the party is Maybe Trump,” Ayres says. A separate New Hampshire primary poll from Monmouth University and The Washington Post taken Nov. 9-14 shows similar results.

Persons: Donald Trump, Hillary Clinton, Trump, Bradley, –, Tom Bradley, ”, Adam Geller, “, MAGA, Chris Christie’s, Christie, ” Christie, Mitt Romney, Mike Huckabee, Newt Gingrich, Sen, Rick Santorum, Ben Carson, Texas Sen, Ted Cruz, hasn’t, He’s, Ron DeSantis, Nikki Haley, they’re, South Carolina Sen, Tim Scott, Vivek Ramaswamy, Mark McKinnon, George W, Bush, John McCain, he’d, Whit Ayres, ” Ayres, Joe Biden, Haley, Ramaswamy, Civiqs, DeSantis, Jamie Dimon, Ayres, Jesus Organizations: White, Los Angeles, GOP, Capitol, National Research Inc, Trump, New, New Jersey Gov, Granite State Republicans, Donald Trump View, Arkansas Gov, MAGA Republican, Trump , Florida Gov, South Carolina Gov, South Carolina, Republican, North Star Opinion Research, Republican Party, University of New Hampshire Survey Center, Monmouth University, The Washington, Koch Locations: California, ”, New Hampshire, New Jersey, Iowa, Trump, Texas, Trump , Florida, Georgia, Hampshire, Tuscaloosa , Alabama, Florida

☆ On the eve of Tesla's next major release, Elon Musk gave a bizarre, long-winded interview about everything but the Cybertruck
▼ + stars: | 2023-11-30 | by ( Madeline Berg | Grace Kay | ) www.businessinsider.com time to read: +5 min

Elon Musk didn't have much to say about the Cybertruck during an interview the day before its launch. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Musk has previously called Cybertruck Tesla's "best product ever," and millions of fans have been waiting for the launch since 2019. Musk's panel started nearly 15 minutes late, leaving the audience — including the likes of hedge fund titan Bill Ackman and X CEO Linda Yaccarino — waiting. But after more than 20 minutes of defensive posturing, his mood shifted when Sorkin brought up Musk previously calling his mind "a storm."

Persons: Elon, —, Tesla, you'd, Andrew Ross Sorkin, Bill Ackman, Linda Yaccarino —, Kamala Harris, Bob Iger, Jamie Dimon, Harris, Sorkin, pluses, Dimon, Sorkin —, Musk, Jonathan, Bob, Iger, Yaccarino, Nietzsche, Sam Altman, he's, Sam, — he's Organizations: Service, Disney, JPMorgan, IBM, Apple, White House, —

Listen and follow DealBook SummitApple Podcasts | Spotify | Amazon Music“DealBook Summit” includes conversations with business and policy leaders at the heart of today’s major stories, recorded live at the annual DealBook Summit event in New York City. Jamie Dimon, the chief executive of JPMorgan Chase & Company, is as close as Wall Street has to a statesman. And he is worried. “We’re in a sugar high” from government stimulation during the coronavirus pandemic and other programs, Dimon told Andrew Ross Sorkin of The New York Times at the DealBook Summit. With the conflicts in Gaza, Ukraine and elsewhere, combined with inflation and rising interest rates in the United States, he sees ominous warning signs.

Persons: Jamie Dimon, “, Dimon, Andrew Ross Sorkin Organizations: Spotify, JPMorgan Chase & Company, The New York Times Locations: New York City, Gaza, Ukraine, United States

☆ JPMorgan's Jamie Dimon says he isn't afraid of China, but would leave if the US government told him to
▼ + stars: | 2023-11-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

JP Morgan boss Jamie Dimon said at NYT's Dealbook conference the bank would leave China if ordered to. AdvertisementJamie Dimon says he's not "afraid" of China — but that JP Morgan would leave if the US government told it to. "If the American government makes me leave China, I'm leaving China. Tensions between China and Taiwan, which China regards as a breakaway province, have been growing . That poses a challenge to firms like JP Morgan, which has been active in China for a century and has expanded its presence there in recent years.

Persons: Morgan, Jamie Dimon, Dimon, —, he's, JP Morgan, Biden, I'm Organizations: CNBC, Service, The New York Times, Business Locations: China, Taiwan, I'm

☆ Jamie Dimon says he's not afraid of China, which has managed to piss off all its neighbors and has 'terrible demographics'
▼ + stars: | 2023-11-30 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

JPMorgan Chase CEO Jamie Dimon says he isn't afraid of China. Dimon said the US has many strengths over China, better relations with it neighbors. AdvertisementOn Wednesday, JPMorgan Chase CEO Jamie Dimon listed out various ways in which he says the US is ahead of China. "I'm not afraid of China," Dimon said at The New York Times DealBook Summit. While JPMorgan has been expanding its footprint in China, Dimon said the bank would exit the market if US authorities him to.

Persons: Jamie Dimon, Dimon, —, I'm, Andrew Ross Sorkin's, We've, Russia —, China's Organizations: JPMorgan, Service, The New York Times DealBook Locations: China, Beijing, Mexico, Canada, Japan, Philippines, India, Russia

☆ Trump slams JPMorgan CEO Jamie Dimon for praising Nikki Haley
▼ + stars: | 2023-11-30 | by ( Kevin Breuninger | ) www.cnbc.com time to read: 1 min

Former President Donald Trump on Thursday ripped Jamie Dimon as an "overrated Globalist" after the JPMorgan Chase CEO praised rival Republican Nikki Haley and urged business leaders to help her presidential bid. Dimon "is quietly pushing another non-MAGA person, Nikki Haley, for President," Trump wrote on Truth Social. Haley served in the Trump administration as U.S. ambassador to the United Nations. "I've never been a big Jamie Dimon fan, but had to live with this guy when he came begging to the White House," wrote Trump, the current front-runner in the 2024 GOP presidential primary. "I guess I don't have to live with him anymore, and that's a really good thing!"

Persons: Donald Trump, Jamie Dimon, JPMorgan Chase, Nikki Haley, MAGA, Trump, Haley, I've Organizations: JPMorgan, United Nations, White

☆ Jamie Dimon says JPMorgan Chase would exit China if ordered to
▼ + stars: | 2023-11-29 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

of JPMorgan Chase & Co. Jaime Dimon speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank would exit China if the U.S. government ordered him to. "If the American government makes me leave China, I'm leaving China," Dimon said at the DealBook Summit during a discussion about a potential future conflict over Taiwan. Dimon called relations with China, the world's second largest economy, "a very complicated subject" and said that engagement with both China and the U.S. government was necessary. "I think it's good for an American bank to be there to help multinationals around the world and China with their own development if it makes sense," Dimon said.

Persons: Jaime Dimon, JPMorgan Chase, Jamie Dimon, Dimon, it's, Israel — Organizations: JPMorgan Chase &, New York Times, JPMorgan, U.S ., U.S Locations: New York City, China, U.S, I'm, Taiwan, Ukraine, Israel, American, Mexico, Canada

☆ Jamie Dimon Urges Donors, Even Democrats, to ‘Help Nikki Haley’
▼ + stars: | 2023-11-29 | by ( Maggie Astor | More About Maggie Astor | ) www.nytimes.com time to read: +2 min

At the same time, Ms. Haley earned a new lift from the super PAC, called Independents Moving the Needle. It said it would initially focus on New Hampshire, where Republican voters are more moderate than in many other states — and, crucially, where voters who are not registered with a party can choose to participate in the Republican or Democratic primary race. After the New Hampshire primary on Jan. 23, the group will turn to South Carolina — Ms. Haley’s home state — and to “selected Super Tuesday states with open primaries,” according to a memo shared with The New York Times. “We all believe that Nikki Haley is an outstanding leader,” the memo says. “She has by far the best electability of any Republican presidential candidate in 2024.

Persons: Haley, “, Nikki Haley, Donald Trump, —, ”, Frank Laukien, Jonathan Bush, George W . Bush, Bonnie Anderson, Robert Fisher, Tamra Laukien, Laukien, Haley “ Organizations: Republican, Democratic, New, South Carolina —, The New York Times Locations: New Hampshire, South Carolina, Ukraine, Israel

☆ JPMorgan CEO Jamie Dimon to business leaders: 'Help Nikki Haley'
▼ + stars: | 2023-11-29 | by ( Brian Schwartz | ) www.cnbc.com time to read: +1 min

JPMorgan CEO Jamie Dimon has a message for some of the world's wealthiest corporate leaders: help Nikki Haley's presidential campaign. "Even if you're a very liberal Democrat, I urge you, help Nikki Haley, too. Billionaire Tesla CEO Elon Musk, media titan David Zaslav and Disney CEO Bob Iger were all scheduled to speak later in the day. Haley earlier this month told CNBC's "Squawk Box" that she and Dimon spoke by phone recently about the state of the economy. At the DealBook conference, Dimon stopped short of saying the Republican presidential nominee should be anyone but Trump.

Persons: Jamie Dimon, Nikki Haley's, Nikki Haley, Donald, Trump, Dimon, Dimon's, Bill Ackman, Tesla, Elon Musk, David Zaslav, Bob Iger, Haley, Charles Koch, CNBC's Organizations: Democrat, Republican, The New York Times, Wall Street titans, Disney, Democrats, Forbes Locations: South Carolina, Dimon

This year’s DealBook Summit will include conversations with global leaders and powerful figures from Wall Street, Silicon Valley and Hollywood. Jamie Dimon has been the chief executive of JPMorgan Chase since 2006 and its chairman since 2007, making him one of Wall Street’s longest-serving banking leaders. Bob Iger returned as Disney’s chief executive last year, after stepping down from the role in 2020. David Zaslav orchestrated Discovery’s takeover of WarnerMedia and became the chief executive of the new company, Warner Bros. The transaction helped transform his modest cable television company into an empire that includes the Warner Bros. movie and TV studios, HBO and CNN.

Persons: Andrew Ross Sorkin, Kamala Harris, Ms, Harris, Biden’s, Tsai Ing, Tsai, Elon Musk, Musk, Jamie Dimon, Jensen Huang, chipmaker, Bob Iger, Long, Iger, Lina Khan, Khan, ”, David Zaslav, Jay Monahan, LIV Golf, Monahan, Kevin McCarthy, Mr, McCarthy, Shonda Rhimes, Rhimes Organizations: Wall, Israel, Elon, SpaceX, JPMorgan Chase, First, Nvidia, Fox, Marvel, Pixar, Hollywood, ESPN, Federal Trade Commission, Columbia Law, WarnerMedia, Warner Bros, HBO, CNN, Republican, Republican Party, Shondaland, Netflix Locations: Silicon Valley, Hollywood, United States, California, San Francisco, Gaza, Taiwan, China, First Republic, Saudi

☆ JPMorgan CEO Jamie Dimon on 2024 election: Help Nikki Haley 'even if you're a very liberal Democrat'
▼ + stars: | 2023-11-29 | 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 EmailJPMorgan CEO Jamie Dimon on 2024 election: Help Nikki Haley 'even if you're a very liberal Democrat'JPMorgan Chase CEO Jamie Dimon joins moderator Andrew Ross Sorkin at The New York Times DealBook Summit to discuss the 2024 presidential election, whether the business community should be speaking out on politics, why he's eager to help the U.S. president regardless of who's in the White House, and more.

Persons: Jamie Dimon, Nikki Haley, JPMorgan Chase, Andrew Ross Sorkin Organizations: Democrat, JPMorgan, The New York Times

☆ JPMorgan CEO Jamie Dimon: I'm not afraid of China, it's good for an American bank to be there
▼ + stars: | 2023-11-29 | 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 EmailJPMorgan CEO Jamie Dimon: I'm not afraid of China, it's good for an American bank to be thereJPMorgan Chase CEO Jamie Dimon joins moderator Andrew Ross Sorkin at The New York Times DealBook Summit to discuss the role of business in the geopolitical sphere, state of U.S.-China relations, doing business in China, and more.

Persons: Jamie Dimon, I'm, Andrew Ross Sorkin Organizations: JPMorgan Chase, The New York Times Locations: China, American, U.S

☆ Jamie Dimon reveals what he would do as president: Tax people like Bill Ackman more
▼ + stars: | 2023-11-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Hedge-fund manager Bill Ackman asked JPMorgan CEO Jamie Dimon what he'd do if he were president. The CEO said he'd get rid of the carried interest loophole and increase the earned income tax credit. At the New York Times DealBook Summit this morning, audience member and hedge fund titan Bill Ackman asked JP Morgan CEO Jamie Dimon what he'd do if he were president. asked Ackman, who has previously called on Dimon to run for president. Despite votes of confidence from the likes of Ackman, Dimon has said that he won't run for president.

Persons: Bill Ackman, Jamie Dimon, he'd, —, Morgan, Ackman, Dimon, Robin Hood Organizations: Service, New York Times, Treasury, Democrats Locations: France

☆ JPMorgan CEO Jamie Dimon defends working with TikTok
▼ + stars: | 2023-11-29 | by ( Henry Blodget | ) www.businessinsider.com time to read: +1 min

JPMorgan CEO Jamie Dimon on Wednesday defended the company's work with TikTok. Dimon was speaking at the New York Times DealBook conference. He said JPMorgan wouldn't work with clients "doing things that we think are truly bad." AdvertisementAt the New York Times DealBook conference on Wednesday, host Andrew Ross Sorkin asked JPMorgan CEO Jamie Dimon why the company works with TikTok owner ByteDance, a company that some people believe is effectively an arm of the Chinese government and therefore a national security risk. "If some of those people are doing things that we think are truly bad, we would not bank them," he added.

Persons: Jamie Dimon, Dimon, —, Andrew Ross Sorkin, ByteDance, Nope Organizations: New York Times, JPMorgan wouldn't, Service Locations: China, American

☆ JPMorgan boss Jamie Dimon was asked what he thinks of Elon Musk
▼ + stars: | 2023-11-29 | by ( Henry Blodget | ) www.businessinsider.com time to read: +1 min

JPMorgan CEO Jamie Dimon shared his thoughts on Elon Musk. Dimon said the Tesla CEO is "brilliant" and has "pluses and minuses." Dimon was speaking at the New York Times DealBook conference. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAt the New York Times DealBook conference Wednesday, host Andrew Ross Sorkin asked JPMorgan chief Jamie Dimon about Elon Musk.

Persons: Jamie Dimon, Elon Musk, Dimon, Tesla, —, Andrew Ross Sorkin, Elon, Sorkin, pluses Organizations: New York Times, Service, Elon, JPMorgan

☆ JPMorgan CEO Jamie Dimon believes the term 'ultra-MAGA' is insulting to a large group of people
▼ + stars: | 2023-11-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

JP Morgan CEO Jamie Dimon railed against the term "ultra-MAGA" at Wednesday's NYT DealBook summit. "I think you're insulting a large group of people and then we're making assumptions," he said. AdvertisementJPMorgan Chase chief executive Jamie Dimon warned liberals against using the term "ultra-MAGA" to describe pro-Trump conservatives, arguing that the phrase insults a large group of Americans. "I think you're insulting a large group of people and then we're making assumptions and scapegoating … where somehow these people believe in Trump's family values and supporting the personal person. The term "ultra-MAGA," describing the most conservative adherents of Trump's Make America Great Again movement, has been popularized due to President Joe Biden's use of the phrase.

Persons: Morgan, Jamie Dimon, Dimon, Nikki Haley's, —, MAGA, Andrew Ross Sorkin, Joe Biden's, Trump, George Will, Tom Friedman, who's, Nikki Haley Organizations: Trump, Service, JPMorgan Chase, The, Trump's, Republican, Democrat Locations: York, Manhattan, New York City, China

☆ Jamie Dimon says to be prepared for recession
▼ + stars: | 2023-11-29 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +1 min

New York CNN —JPMorgan Chase CEO Jamie Dimon issued a stark warning to Wall Street on Wednesday: Inflation could rise further and recession is not off the table. “A lot of things out there are dangerous and inflationary. Be prepared,” he said at the 2023 New York Times DealBook Summit in New York. “Interest rates may go up and that might lead to recession.”Governments across the globe need more money, he said, to fund the green economy, remilitarize and to address energy crises — and that will all be inflationary. “I think quantitative easing and tightening and these geopolitical issues can bite,” he said.

Persons: Jamie Dimon, ”, Covid, “, Dimon Organizations: New, New York CNN, JPMorgan, New York Times DealBook, Federal Reserve Locations: New York, United States

The lineup for DealBook Summit 2023On Wednesday, DealBook will be live and in person at our annual summit in New York. The DealBook team and reporters from The Times will be reporting live from the conference. Even if you are not with us, you can follow along here beginning at 8:30 a.m. Eastern. Here are the speakers:Vice President Kamala HarrisElon Musk , the chairman and C.E.O. Is this a technology that will unleash a new wave of productivity, or is it a force that could do irreparable harm?

Persons: DealBook, Andrew, Kamala Harris Elon Musk, Tesla, X Tsai Ing, Taiwan Lina Khan, Jamie Dimon, JPMorgan Chase Bob Iger, Kevin McCarthy, California Jensen Huang, Nvidia David Zaslav, Jay Monahan Organizations: DealBook, The, SpaceX, Federal Trade, JPMorgan, Disney, Republican, Nvidia, Warner Bros, White House Locations: New York, Taiwan, California, Israel, China, U.S, Beijing, Washington

☆ An investing legend dies
▼ + stars: | 2023-11-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

AdvertisementIn today's big story, we're looking back on the life of investing legend Charlie Munger. What's on deck:But first, remembering Charlie Munger. AdvertisementCharlie Munger, the billionaire investing legend who led Berkshire Hathaway alongside Warren Buffett, died Tuesday at age 99. Despite being overshadowed by Buffett, Munger wasn't afraid to share his opinion. Speakers include Vice President Kamala Harris, President of Taiwan Tsai Ing-wen, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, and other major execs.

Persons: Charlie Munger, Charlie Munger Johannes Eisele, Berkshire Hathaway, Warren Buffett, Munger, I'm, Buffett, Munger's, they'd, Charles Platiau, Frederic J . Brown, Chelsea Jia Feng, Wall, Peacock, Kamala Harris, Taiwan Tsai Ing, Elon Musk, Bob Iger, Jamie Dimon, Lina Khan, Shonda Rhimes, Costco Monica Humphries, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Getty, Berkshire, Berkshire Hathaway, SevenSix Agency, Delta Air Lines, Toyota, Gucci, Google, Wall, Rockefeller, NBC, The New York Times, Taiwan, Costco Locations: Wisconsin, What's, AFP, California, Omaha, Omaha , Nebraska, Berkshire, Charles, Kensington, Chelsea, New York City, San Diego, London, New York

☆ JPMorgan says its UK bank Chase may break even around 2025
▼ + stars: | 2023-11-28 | by ( Nupur Anand | Thomson Reuters | Nupur Anand Is A U.S. Banking Correspondent At Reuters In New York. She Focuses On Jpmorgan Chase | ) www.reuters.com time to read: +1 min

Daniel Pinto, President and chief operating officer of JPMorgan Chase & Co, speaks during the Global Financial Leaders' Investment Summit in Hong Kong, China November 2, 2022. REUTERS/Tyrone Siu Acquire Licensing RightsNEW YORK, Nov 28 (Reuters) - JPMorgan Chase (JPM.N) President and Chief Operating Officer Daniel Pinto said he expects its Chase UK consumer bank to break even in the next 12 to 18 months. The largest U.S. lender opened the digital bank in the UK in 2021, its first foray into international retail business. Chase UK is doing better than expected, Pinto said, and the company plans to grow in other global consumer markets over time. Brazilian digital bank C6, in which JPMorgan has 46% stake, is expected to break even "very soon," Pinto said.

Persons: Daniel Pinto, Tyrone Siu, JPMorgan Chase, Pinto, Jamie Dimon, Nupur Anand, Lananh Nguyen, Sharon Singleton Organizations: JPMorgan Chase &, Global Financial, Investment, REUTERS, Tyrone, JPMorgan, Chase, Financial, Thomson Locations: Hong Kong, China, United Kingdom, U.S, Basel, New York

☆ JPMorgan boss Jamie Dimon says the US is addicted to debt, and it's created a dangerous sugar high in the economy
▼ + stars: | 2023-11-28 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

America's debt problem has caused a dangerous sugar high for the economy, Jamie Dimon said. The JPMorgan chief pointed to the enormous surge of new debt taken on during the pandemic. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementThe US is practically addicted to debt – and that's put the economy in a dangerous position, according to JPMorgan CEO Jamie Dimon. The rest of the global economy is also staring at a "cocktail" of risks, Dimon added.

Persons: Jamie Dimon, —, that's, Dimon Organizations: JPMorgan, Service, Wall Street, Federal Reserve, Global Investment Summit, Penn Wharton Budget Locations: London

☆ 'Vote of confidence': UK hails $37 billion of foreign investment
▼ + stars: | 2023-11-26 | by ( Alistair Smout | ) www.reuters.com time to read: +5 min

Australian funds IFM Investors and Aware Super will pump 10 billion pounds and 5 billion pounds, respectively, into projects ranging from infrastructure and energy transition to affordable housing, Sunak's Downing Street office said in a statement. It added that Spanish power giant Iberdrola (IBE.MC) would add 7 billion pounds to its investment plans in Britain, which include transmission and distribution electricity networks. France has overtaken Britain as the European country with the highest number of new FDI projects. President Emmanuel Macron announced 13 billion euros ($14 billion) of investment commitments in France at a similar FDI gathering in May. "It wants to deal with one person," investment minister Dominic Johnson told Reuters, adding ministers could then have "very strong, frank discussions with the international investment community about how we can make the environment more investable".

Persons: Rishi Sunak, Kemi Badenoch, Sunak's, Iberdrola, Sunak, Emmanuel Macron, Stephen Schwarzman, David Solomon, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Amanda Blanc, Dominic Johnson, IFM, King Charles, William Schomberg, Alistair Smout, Louise Heavens, Mark Potter Organizations: British, Global Investment, Business, IFM, Microsoft, Blackstone, LBC, Nissan, Reuters, Thomson Locations: Hampton, East Molesey, Surrey, Britain, France, Germany, England, Buckingham

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