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☆ JPMorgan Chase CEO Jamie Dimon warns this is 'the most dangerous time' for the world in decades
▼ + stars: | 2023-10-13 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. JPMorgan Chase delivered strong profits for the third quarter along with a stern warning Friday from its top executive about the perils the world faces from multiple threats. "This may be the most dangerous time the world has seen in decades," CEO Jamie Dimon said in a statement that accompanied the bank's earnings news release. Dimon recently has said that he has been warning clients about the possibility that interest rates may not only stay elevated but also could rise significantly from here. JPMorgan Chase showed a $13.15 billion, or $4.33 a share, profit for the July-through-September period, a 35% jump from a year ago.

Persons: Jamie Dimon, JPMorgan Chase, Dimon Organizations: JPMorgan Chase &, Reuters, JPMorgan, Israel Locations: Miami , Florida, U.S, Ukraine

☆ Regional banks are in focus in the week ahead as third-quarter earnings season ramps up
▼ + stars: | 2023-10-13 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Regional banks will be in focus in the week ahead as traders head into the thick of third-quarter earnings season. Regional bank earnings are also expected to be a weak point this season. But a closer look into the sector's sub-industries showed that regional banks are anticipated to have tumbled by 15% last quarter. Traders parsing through regional bank earnings will pay special attention to signs of narrowing net interest margins (NIM). Earnings season underway Many investors anticipate that the third-quarter earnings season will be alright.

Persons: Wells, Kumar, FactSet's John Butters, NIM, They'll, JPMorgan Chase, Jamie Dimon, Goldman Sachs, Morgan Stanley, FactSet's Butters, Nancy Tengler, Lauren Goodwin, we'll, Goodwin, Charles Schwab, Lockheed Martin, Goldman, Zions, Kinder Morgan, Lam, McLennan, Philip Morris, Huntington Bancshares, —, Jesse Pound Organizations: Citigroup, JPMorgan Chase, Sri, Kumar, Silicon Valley Bank, Regional Banking, Dow Jones Industrial, JPMorgan, Hamas, Northern Trust, U.S . Bancorp, T Bank, Citizens Financial, Bank of America, Federal Reserve, Companies, Investments, New York Life Investments, Index, Johnson, Bank of New York Mellon, Goldman Sachs Group, Hunt Transport Services, Omnicom, United Airlines Wednesday, Housing, Elevance, Citizens Financial Group, Procter, Gamble, Abbott Laboratories, Discover Financial Services, Las Vegas Sands, PPG Industries, Steel Dynamics, Tesla, Netflix, Lam Research, Philadelphia Fed, Truist, Alaska Air Group, Fifth Third Bancorp, American Airlines Group, Marsh, Philip Morris International, Union, CSX, Comerica, Regions Financial, American Express, Interpublic, Cos Locations: Wells Fargo, Silicon, Ukraine, Israel, J.B, Las Vegas, Philadelphia, Truist Financial, Union Pacific, Freeport, Huntington

“This may be the most dangerous time the world has seen in decades,” Dimon wrote in the bank's earnings statement. Political Cartoons View All 1209 ImagesThe earnings report showed that JPMorgan is doing extremely well despite the geopolitical and economic uncertainties. The bank reported a profit of $13.15 billion, up from $9.74 billion in the same period a year earlier. On a per-share basis, profit rose to $4.33 a share from $3.12 a share a year earlier. The result beat analysts' forecasts, which called for a profit of $3.95 a share, according to FactSet.

Persons: Jamie Dimon, ” Dimon, Dimon, ” Organizations: JPMorgan, Corporate America, FactSet Locations: Russia, Ukraine, Israel, Gaza, Washington

☆ JPMorgan profit beats estimates on record interest income, First Republic purchase
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Caitlin Ochs/File Photo Acquire Licensing RightsOct 13 (Reuters) - JPMorgan Chase (JPM.N) beat expectations for third-quarter profit on Friday as a tighter monetary policy and the acquisition of failed First Republic Bank drove its interest income to a record high. Shares of the bank rose 1.1% to $147.40 in premarket trading. Rivas, who previously ran the financial institutions group, was one of JPMorgan's lead negotiators in its purchase of First Republic. The lender's profit rose 35% to $13.15 billion, or $4.33 per share, for the three months ended Sept. 30. Excluding one-time costs, the bank reported a profit of $4.50 per share, above analysts' average estimate of $3.96 per share, according to LSEG IBES data.

Persons: Caitlin Ochs, JPMorgan Chase, Jamie Dimon, Dimon, NII, SoftBank Group's, Jeremy Barnum, Fernando Rivas, Rivas, JPMorgan's, Jay Horine, Wells Fargo, Niket, Nupur Anand, Lananh Nguyen, Anil D'Silva Organizations: JPMorgan Chase Bank, REUTERS, JPMorgan, Bank, First Republic, First, Federal, Arm Holdings, Investment, Reuters, Thomson Locations: New York City, U.S, Ukraine, Israel, First Republic, North America, Bengaluru, New York

☆ Wall Street hiring is up, but it's not what you think. Here's what's really going on.
▼ + stars: | 2023-10-13 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +4 min

Third-quarter earnings season kicked off on Wall Street with JPMorgan and Citigroup reporting that headcount is up. In announcing third-quarter earnings, JPMorgan said headcount was up 7% over this time last year to 308,669. And the geopolitical conflict in the Middle East raises concerns about whether dealmaking — and therefore investment banking hiring — will come back next year. The investment bank, which was recently bought by Swiss rival UBS, said it currently has more than 2,000 staffers in that location. At Citi, investment banking fees were down 18% over last year, although underwriting fees have improved as companies look to sell more debt and stock.

Persons: headcount, Mark Mason, Mason, dealmaking, —, Jane Fraser, Goldman Sachs, Jamie Dimon, Fraser, I'm Organizations: JPMorgan, Citigroup, Citi, Credit Suisse, New York Department of Labor, Madison, Swiss, UBS, Financial Times, Barclays Locations: New York City

☆ Jamie Dimon warns of the 'most dangerous time' for the world in decades, sounding the alarm on wars, soaring debt, and the Fed
▼ + stars: | 2023-10-13 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

JPMorgan CEO Jamie Dimon sounded the alarm on a series of risks looming over global markets. "This may be the most dangerous time the world has seen in decades," Jamie Dimon said in a JPMorgan earnings press release. Dimon also reiterated concerns of higher interest rates to come, having previously noted 7% levels as a real possibility. Added to that is growing US debt, which has drawn increasing criticism for its potential to worsen interest rates and eventually lead to fallout, if left unchecked. Despite Dimon's concerns, JPMorgan's reported strong third-quarter results, helped by higher interest rates and its acquisition of First Republic Bank earlier this year.

Persons: Jamie Dimon, Dimon, —, JPMorgan's Organizations: Service, Bank, First Republic Bank Locations: Ukraine

☆ JPMorgan Chase is set to report third-quarter earnings — here’s what the Street expects
▼ + stars: | 2023-10-13 | by ( Hugh Son | ) www.cnbc.com time to read: +2 min

Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023. JPMorgan Chase is scheduled to report third-quarter earnings before the opening bell Friday. The 10-year Treasury yield, a key figure for long-term rates, jumped 74 basis points in the third quarter. Shares of JPMorgan have climbed 8.7% year to date, far outperforming the 19% decline of the KBW Bank Index. Bank of America and Goldman Sachs report Tuesday, and Morgan Stanley discloses results on Wednesday.

Persons: Jamie Dimon, JPMorgan Chase, Dimon, Goldman Sachs, Morgan Stanley Organizations: JPMorgan, U.S, Capitol, New Democrat Coalition, Washington , D.C, LSEG, Bank, Federal Reserve, Treasury, Banks, KBW, Wells, Citigroup, Bank of America Locations: Washington ,, Wells Fargo

☆ CEOs condemn Hamas attacks and express support for Israel in messages to employees
▼ + stars: | 2023-10-13 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +3 min

CEOs are condemning Hamas and expressing support for Israel in messages to employees. Microsoft CEO Satya Nadella and Google boss Sundar Pichai have publicly condemned the attacks on social media and issued statements to employees. "Heartbroken by the horrific terrorist attacks on Israel and the escalating conflict," Nadella said in a post on X. "Google has two offices and more than 2,000 employees in Israel, and it's unimaginable what they are experiencing right now." "We stand with our employees, their families and the people of Israel during this time of great suffering and loss."

Persons: Satya Nadella, Sundar Pichai, JPMorgan Chase, Jamie Dimon, —, Nadella, Kathleen Hogan, Hogan, Google's Pichai, 9to5Google, Dimon Organizations: Israel, Microsoft, JPMorgan, Service, Google, JPMorgan Chase, Street Journal, CNN Locations: Israel

☆ Jamie Dimon warns: ‘Now may be the most dangerous time the world has seen in decades’
▼ + stars: | 2023-10-13 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +1 min

New York CNN —JPMorgan Chase CEO Jamie Dimon kicked off third-quarter earnings season Friday with a stern warning to investors: “Now may be the most dangerous time the world has seen in decades,” he wrote in the company’s report. The wars in Ukraine, Israel and Gaza “may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.”Still, the world’s largest bank beat analysts’ expectations last quarter. The bank reported earnings of $4.33 per share versus the $3.90 expected by analysts. With nearly $3.9 trillion in assets, JPMorgan Chase is the largest bank in the United States and a bellwether for the US economy. The New York-based bank also reported a 6% drop in investment banking revenue in the third quarter.

Persons: Jamie Dimon, ”, JPMorgan Chase, ” Dimon, Dimon Organizations: New, New York CNN, JPMorgan, Revenue, Investment Locations: New York, Ukraine, Israel, Gaza, United States

☆ Bank earnings kick off with JPMorgan, Wells Fargo amid concerns about rising rates, bad loans
▼ + stars: | 2023-10-12 | by ( Hugh Son | ) www.cnbc.com time to read: +3 min

Just as they did during the March regional banking crisis, higher rates are expected to lead to a jump in losses on banks' bond portfolios and contribute to funding pressures as institutions are forced to pay higher rates for deposits. The issue constrains the bank's interest revenue and has made the lender the worst stock performer this year among the top six U.S. institutions. Expectations on the impact of higher rates on banks' balance sheets varied. Still, others including KBW and UBS analysts said that other factors could soften the capital hit from higher rates for most of the industry. There's also concern that higher interest rates will result in ballooning losses in commercial real estate and industrial loans.

Persons: Jamie Dimon, Marco Bello, Christopher McGratty, David Konrad, McGratty, Morgan Stanley, Betsy Graseck, Konrad, Gerard Cassidy Organizations: JPMorgan Chase &, Reuters, JPMorgan Chase, Citigroup, Bank, Silicon Valley Bank, First, Bank of America, Comerica, Fifth Third Bank, KeyBank, UBS, RBC Locations: Miami , Florida, U.S, Wells Fargo, Silicon, First Republic

☆ Wall Street prepares to dish economic dirt on US
▼ + stars: | 2023-10-12 | by ( John Foley | ) www.reuters.com time to read: +7 min

They are also among the handful of banks which can buy Treasury debt straight from the central bank. That puts leaders like JPMorgan chief Jamie Dimon at the center of the global financial spiderweb. To be sure, the financial statements that the banks will start to release on Friday will be backward-looking. Interest income will reflect the sharp and continued rise of central bank rates, which drag up the price banks must pay for customer deposits and what they charge for loans. It’s a big economic question, since plastic-related debt in the United States hit a record $1 trillion in August.

Persons: Jamie Dimon, Marco Bello, Brian Moynihan’s, Jane Fraser, Wells Fargo, Dimon, Dean Athanasia, Banks, Wells, Peter Thal Larsen, Sharon Lam Organizations: JPMorgan Chase &, Reuters, REUTERS, JPMorgan, Bank of America, Citigroup, of America, Treasury, Citi, Fraser, Reuters Graphics Reuters, Federal Reserve, Federal, Bank of, Reuters Graphics Reuters Graphics Bank, Alpha, Thomson Locations: Miami , Florida, U.S, Wells Fargo, Wells, United States

☆ Wall Street needs a boost from earnings. Can JPMorgan Chase run a strong first leg?
▼ + stars: | 2023-10-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Analysts expect a 0.4% year-over-year decline in third-quarter earnings for companies in the S&P 500 index, according to FactSet. Analysts expect America’s biggest bank to report earnings per share of $3.90 and revenue of $39.57 billion for the third quarter, according to Refinitiv. Citigroup, Wells Fargo and BlackRock also report earnings Friday. “Our children are in crisis, and it is up to us to save them,” Hochul said, comparing social media algorithms to cigarettes and alcohol. Those who opt out would receive chronological feeds instead, like in the early days of social media.

Persons: ”, Michael Arone, Jay Hatfield, ” Hatfield, Banks, JPMorgan Chase, Jamie Dimon, Dimon, Wells, Chris Isidore, Darren Woods, Read, Kathy Hochul, Letitia James, Michael Mulgrew, Sen, Andrew Gounardes, Nily, “, ” Hochul, Athena Jones, Brian Fung Organizations: CNN Business, Bell, CNN, Investors, State Street Global Advisors, stoke, Infrastructure Capital Management, JPMorgan Chase, JPMorgan, First, Bank, Citigroup, ExxonMobil, Natural Resources, Midland Basins, New York Gov, New York, United Federation of Teachers Manhattan, New Locations: Wells Fargo, BlackRock, United States, Midland , Texas, Delaware, Midland, New York

☆ JPMorgan chief Dimon warns of 'ripple effects' from Middle East violence
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +1 min

Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023. REUTERS/Marco Bello/File Photo Acquire Licensing RightsOct 12 (Reuters) - The conflict in the Middle East will have "ripple effects that extend far beyond the region", JPMorgan Chase's (JPM.N) CEO Jamie Dimon warned in an internal memo to employees seen by Reuters. The deadliest attack on civilians in Israeli history on Saturday has led to a dramatic escalation of violence in the region. Reuters reported earlier this week that JPMorgan told its more than 200 employees in Israel to work from home. The bank is making an initial contribution of $1 million towards relief efforts and will be matching employees' donations, according to the memo.

Persons: Jamie Dimon, Marco Bello, Dimon, Niket, Shilpi Majumdar Organizations: JPMorgan Chase &, Reuters, REUTERS, JPMorgan Chase's, Kan, U.S, JPMorgan, American, Thomson Locations: Miami , Florida, U.S, Gaza, Israel, Bengaluru

The third-quarter earnings season unofficially kicks off this week, and the Street is expecting a modest return to growth after the disappointing first half of 2023. Energy prices are a major watch item across all industries, after crude prices surged 29% in third quarter. We will provide additional thoughts on the coming earnings season during our October Monthly Meeting on Wednesday at noon ET. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A pedestrian passes a Wall Street subway station near the New York Stock Exchange (NYSE) in New York, U.S., on Monday, June 27, 2022.

Persons: Wells Fargo, Jamie Dimon, Morgan Stanley, CNBC's Robert Hum, Jim Cramer's, Jim Cramer, Jim, Michael Nagle Organizations: Communication, Staples, Hamas, U.S ., JPMorgan Chase, Jim Cramer's Charitable, CNBC, New York Stock Exchange, Bloomberg, Getty Images Bloomberg, Getty Locations: Ukraine, Israel, Israel's, New York, U.S

☆ ADL leader slams corporation's response to terror attacks on Israel
▼ + stars: | 2023-10-11 | by ( Matt Egan | ) edition.cnn.com time to read: +5 min

New York CNN —Anti-Defamation League CEO Jonathan Greenblatt slammed Corporate America’s response to the terror attacks on Israel as “disappointing at best, disastrous at worst.”“We have arguably the most vibrant commercial sector on the planet. Where were you when your Jewish employees needed you?” Greenblatt said of the CEOs. Greenblatt credited JPMorgan Chase CEO Jamie Dimon, Hewlett Packard Enterprise CEO Antonio Neri and other executives who condemned the terror attacks and pledged solidarity with the people of Israel. “In America, your Jewish employees are dealing with something that is qualitatively and quantitatively different than any time in living memory. “This is not just some far-off conflict – though that would be enough for CEOs to speak out,” Greenblatt said.

Persons: Jonathan Greenblatt, ” Greenblatt, “, George Floyd, Izzat, Greenblatt, Chase, Jamie Dimon, Antonio Neri, ” Dimon, ” Kathryn Wylde, Martin Luther King, Jr, ” Organizations: New, New York CNN, Defamation, CNN, ADL, Israeli Defense Forces, Hamas, Wednesday, Hewlett Packard Enterprise, US Chamber of Commerce, Business, “, World Trade, Partnership, Companies, Accenture, Adidas, Eagle, NASCAR, NBA, New York Locations: New York, Israel, Kfar Aza, Israeli, York, New York City, United States, France, United Kingdom

☆ Why America’s strike wave is barely registering on Wall Street
▼ + stars: | 2023-10-10 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Give in, and companies will be less profitable and at a competitive disadvantage, big business has said. Streaming and entertainment companies (Disney, Amazon, Apple, Netflix, Comcast, Paramount and CNN parent company, Warner Bros. Discovery) saw 2.5% growth in new investors on Public during the writers strike, which began in May and ended in early October. Nothing to sweat for buy-and-hold investors: Even investors who buy index funds and are concerned about the effects of the strike probably can take a deep breath.

Persons: It’s, haven’t, Ford, Ginger Graham, Walgreens, ”, Matt Egan, JPMorgan Chase, Jamie Dimon, Dimon, ” Dimon, Goldman Sachs, ” Goldman Sachs, David Solomon, “ Organizations: CNN Business, Bell, New York CNN — Corporate, Cornell University’s Labor, Public, Ford, GM, Apple, Netflix, Comcast, Paramount, CNN, Warner Bros, Hollywood, Entertainment, Morningstar, General Motors, Walgreens, Pharmacy, JPMorgan, of Commerce, Israel - America Chamber of Commerce Locations: New York, Arizona , Washington , Massachusetts, Oregon, West Coast, Israel, United States

☆ ‘Grief and anger.’ US business groups stand up for Israel after attack
▼ + stars: | 2023-10-09 | by ( Matt Egan | ) edition.cnn.com time to read: +2 min

New York CNN —Business leaders across the United States have expressed outrage and solidarity with Israel after the deadly surprise attack by Hamas. “This past weekend’s attack on Israel and its people and the resulting war and bloodshed are a terrible tragedy,” Dimon told all employees on Sunday in a memo obtained by CNN. “We stand with our employees, their families and the people of Israel during this time of great suffering and loss,” Dimon said. JPMorgan has about 230 to 240 employees in Israel and has asked staff there to work from home for the near future, a person familiar with the matter told CNN. “We extend our heartfelt condolences to the people of Israel and stand in solidarity with them as they battle the scourge of terrorism,” the Chamber said.

Persons: JPMorgan Chase, Jamie Dimon, Dimon, ” Dimon, “, ” Kathryn Wylde, ” Wylde Organizations: New, New York CNN — Business, JPMorgan, CNN, Bloomberg News, Partnership, “, World Trade, of Commerce, Israel - America Chamber of Commerce Locations: New York, United States, Israel, New York City, York

☆ CEOs Condemn Hamas’s Attack in Messages to Employees
▼ + stars: | 2023-10-09 | by ( ) www.wsj.com time to read: 1 min

Chief executives and other business leaders issued a flurry of internal memos and posts on social media to condemn the attack on Israel and offer support to employees. JPMorgan Chase CEO Jamie Dimon, in a note to staff in Israel, said that the bank’s employees there and those traveling in the region were safe as of Sunday. Antonio Neri, CEO of Hewlett Packard Enterprise, called the attack by Hamas “unjustified and inexcusable” in a post on LinkedIn, and said the company was working to support employees and their families in Israel. Technology giant Nvidia canceled an artificial-intelligence summit scheduled to be held Oct. 15 and 16 in Tel Aviv. "The situation is extremely dynamic and we have asked our employees in Israel to focus on the safety of their families,” a spokesman said.

Persons: JPMorgan Chase, Jamie Dimon, Antonio Neri, ” Organizations: JPMorgan, Hewlett Packard Enterprise, LinkedIn, Technology, Nvidia Locations: Israel, Tel Aviv

☆ 3 unique ways employees and companies are making 4-day workweeks happen
▼ + stars: | 2023-10-09 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

The four-day workweek is picking up steam as test pilots report promising results. It's led some entrepreneurs and businesses to give the four-day week a chance. Some people are using remote work as a different way to reduce their weekly hours. By November, she and her three remote employees had transitioned to a "quasi- four-day workweek ," she said. More companies may give the four-day week a chance as pilot programs across the globe report promising results and the competition to attract talent persists.

Persons: It's, —, Elly Hurst, Hurst, hasn't, Mark Takano, Robert Burns, workweek, Burns, Jamie Dimon, Drew Angerer, he's, Nick Bloom, Azman Nabi, I've, Nabi, Elly Hurst Elly Hurst Organizations: Service, Democratic, Getty, JPMorgan, Stanford Locations: Maryland, Rochester , New York, India, San Diego

☆ After buying an oversold market last week, here are 3 things to watch next week
▼ + stars: | 2023-10-07 | by ( Zev Fima | ) www.cnbc.com time to read: +8 min

Even with a modest bounce Friday, U.S. crude prices fell nearly 9% this week — their worst weekly performance since March. US10Y YTD mountain 10-year Treasury yield year to date performance Here are three major developments to watch in the week ahead. September headline PPI is expected to rise 0.3% month over month and 1.6% year over year. As for CPI, economists are looking for a September headline reading of up 0.3% month over month and 3.6% year over year. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Dow, —, We'll, Wells Fargo, Banks, we'll, Jamie Dimon, Morgan Stanley, Wells, JPMorgan Chase, Jim Cramer's, Jim Cramer, Jim, Daniel Acker Organizations: Labor Department, Nasdaq, Federal Reserve, Companies, CPI, JPMorgan Chase, PepsiCo, Air, DAL, Walgreens Boots Alliance, Commercial Metals, Infosys Tech, SMART, JPMorgan, Citigroup, PNC Financial, PNC, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, Wells Fargo, BlackRock

☆ 'There's no greater canary in the coal mine': Renowned energy analyst Paul Sankey shares why oil prices will continue to nosedive — and 4 stocks that can hold up anyway
▼ + stars: | 2023-10-07 | by ( James Faris | ) www.businessinsider.com time to read: +7 min

The widely followed energy analyst is often ahead of the curve, including in early 2020 when he warned that oil prices could dip negative. And if there's a recession, less economic activity should lead to even lower oil prices. However, higher oil prices would further weigh on demand from consumers and businesses, which raises the risk of causing — or worsening — a recession. Paul Sankey, Sankey Research (based on Bloomberg data)Although refining margins have downward momentum, Sankey said a long oil market drawdown isn't necessarily a foregone conclusion. Geopolitical tensions are an increasingly serious threat, JPMorgan CEO Jamie Dimon has recently warned, and a sudden conflict breakout could cause oil prices to surge.

Persons: Paul Sankey, Sankey, Platts, It's, it's, they're, Jamie Dimon, he's Organizations: Sankey Research, Mizuho, Wolfe Research, Deutsche Bank . Institutional Investor, JPMorgan, OPEC, Bloomberg, Federal Reserve, Exxon, Chevron, Valero, Plains, American Pipeline, Labor Locations: Saudi Arabia, Saudi, Russia, Kazakhstan, China, India, Africa, Latin America, Europe, San Antonio

☆ Here's why this jobs report is going to cost you
▼ + stars: | 2023-10-06 | by ( David Goldman | ) edition.cnn.com time to read: +3 min

So you’d think some really, really, shockingly good news about the job market would give Americans’ spirits a boost. So a robust job market won’t make most people feel like the economy is strong. The Fed is working to slow the economy by hiking interest rates — the only tool it has to fight inflation. We should never cheer a bad job market. But a job market that has remained this healthy for this long really isn’t excellent news for average Americans struggling to pay their bills.

Persons: Joe Biden’s, ”, Chris Rupkey, Jamie Dimon Organizations: New, New York CNN, Federal Reserve, Fed, CNN, SSRS, JPMorgan Locations: New York, Government

☆ Wall Street sees the market's bumpy ride continuing in the 4th quarter. Here are the risks in store
▼ + stars: | 2023-10-05 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Many investors expect that could be the capitulation event equities need to bottom out before rebounding. "If you get down to five and a quarter all hell's gonna break loose," Rob Ginsberg, managing director at Wolfe Research. The yield on the 10-year Treasury has spiked sharply to about 4.8% this week, about 1 whole percentage point above where it was in mid-July at around 3.7%. In fact, it won't take much for the positive narrative to start to take hold in markets, Hogan said. Hogan anticipates the S & P 500 could rise to 4,800 by year end, about 13% above where it is currently.

Persons: Rob Ginsberg, Fitch, Ray Dalio, Jamie Dimon, Wolfe Research's Ginsberg, Ginsberg doesn't, You'll, Ginsberg, Riley Financial's Art Hogan, they'll, Read, Hogan, Kevin McCarthy, Goldman Sachs, Jan Hatzius, Katie Stockton, Bank of America's Stephen Suttmeier, Jeffrey Hirsch, I'm, Hirsch Organizations: Dow Jones, Treasury, Wolfe Research, Federal Reserve, JPMorgan, CNBC Pro's, Supply, Bank of America's Locations: Saudi Arabia

☆ These Dow stocks are bucking the average's negative trend, and analysts love them
▼ + stars: | 2023-10-04 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

But some stocks within the Dow tout a winning streak so far this year, and analysts say they could buck the losing trend of the overall index. CRM YTD mountain Salesforce stock. Shares closed at $199.83 on Tuesday. AAPL YTD mountain Apple stock. Shares closed at $172.40 on Tuesday.

Persons: Dow, Jamie Dimon Organizations: Dow Jones, Dow, CNBC Pro, . Tech, Microsoft, Analysts, Visa, JPMorgan, Apple Locations: OpenAI, Tuesday's, U.S

☆ A top economist explains why a US recession is still on the table
▼ + stars: | 2023-10-03 | by ( Phil Rosen | Madison Hoff | ) www.businessinsider.com time to read: +5 min

The US economy is showing signs of resilience, including from the labor market and consumer spending. The labor market has remained robust, steady economic growth is still there, and consumers have yet to buckle. "I think there's still risks gradually accumulating in the economy," Kimbrough said. AdvertisementAdvertisementConsumer and labor market risks loomA number of factors pose as headwinds for consumers, in the chief economist's view. Gregory Daco, EY's chief economist, also recently warned that there are headwinds impacting consumers, forcing them to perhaps cut back on spending.

Persons: isn't, —, Jeremy Grantham, Jamie Dimon, Karin Kimbrough, LinkedIn's, it's, Kimbrough, they've, Gregory Daco, Daco Organizations: Service, Chicago Fed, BlackRock, Labor, of Labor Statistics, Federal Reserve Bank of New York's Center, Microeconomic

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