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☆ 3 phrases the most successful employees never use at work, from CEOs and psychologists
▼ + stars: | 2024-08-01 | by ( Ashton Jackson | ) www.cnbc.com time to read: +2 min

Sometimes, what separates successful people from everyone else isn't what they say — it's what they don't say. Other sayings, like "keep me in the loop" or "just checking in," can unintentionally come across as passive-aggressive, Slack executive Jaime DeLanghe told CNBC Make It in 2022. In particular, the best employees typically steer clear from these three phrases and sayings, according to CEOs, psychologists and linguistics experts:'It is what it is'There's one phrase bosses and colleagues don't want to hear when they're facing a problem at work: "It is what it is." Using it, however, can appear highly passive to other people and tarnish their trust in you, McWhorter said. That means there's one sentence that can frustrate such CEOs: This is how we've always done it.

Persons: Duolingo, Slack, Jaime DeLanghe, John McWhorter, Bill Gates, You've, McWhorter, Cortney S, Warren, it's, Jason Buechel, Buechel, Jamie Dimon, Andy Jassy Organizations: LinkedIn, CNBC, Columbia University, Amazon, JPMorgan Chase

☆ Gen X is in charge now and boomers are being shown the door
▼ + stars: | 2024-07-24 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

Harris is 59 and was born October 20, 1964 — putting her just weeks outside the Gen X range which is generally thought to span 1965 to the early 1980s. His successor has not been confirmed, but one name being floated is his Gen X lieutenant Stephanie Pope. Could the House of Mouse soon have its first Gen X leader? The picture is not completely clear on how Gen X bosses differ from their predecessors on issues such as remote work and the role of AI in the workplace. AdvertisementIt won't be long, though, until Gen X has a majority grip over power.

Persons: —, Gen, Joe Biden's, Kamala Harris, Harris, Xer —, XCX, Joe Biden, Justin Sullivan, boomer Barack Obama, Donald Trump, Sen, JD Vance, Bush, Clinton, Biden, Obama, John McCain, Mitt Romney, HSBC's, Noel Quinn, Georges Elhedery, Xer, David Calhoun, Stephanie Pope, Dave Calhoun, Aaron Schwartz, Gen X, Ron Vachris, Craig Jelinek, Macy's, Tony Spring, Xers, Jamie Dimon, David Solomon, Goldman Sachs, Bob Iger, boomer Bob Chapek, Iger, Brendan McDermid, Tim Cook, Steve Jobs, Jensen Huang, Dimon, Jenn Piepszak, Troy Rohrbaugh, X'ers, JPMorgan Chase, Alex Brandon, Mouse, We'll Organizations: Service, Democratic Party, Business, Democratic, Trump, Boeing, Gen, Gen X Costco, Microsoft, Google, Walmart, Tesla, ExxonMobil, JPMorgan, Blackstone, septuagenarians, Disney, Apple Locations: BlackRock, Silicon Valley, America

☆ Opinion | Is the Populism of the Trump G.O.P. Real or Fake?
▼ + stars: | 2024-07-23 | by ( Julius Krein | ) www.nytimes.com time to read: +1 min

Before last week’s Republican convention, Donald Trump seemed to be moving away from the populism that characterized his 2016 campaign. “He’s defending big business, cozying up to billionaires, and wooing C.E.O.s.”When Mr. Trump named Senator JD Vance of Ohio as his running mate, though, pundits quickly concluded that he was doubling down on populism. In his convention speech, Mr. Vance denounced NAFTA and China trade deals and promised to prioritize American workers over multinational corporations. On the other hand, in a long interview with Bloomberg (conducted in late June) that came out after the announcement of Mr. Vance’s selection, Mr. Trump hardly sounded like a firebrand economic populist. He floated the idea of reducing corporate tax rates to 15 percent and said he’d consider the JPMorgan Chase C.E.O., Jamie Dimon, as a potential Treasury secretary.

Persons: Donald Trump, isn’t, Karma, “, C.E.O.s, Trump, JD Vance, Ohio, Vance, Reagan, Bush, Lina Khan, he’d, JPMorgan Chase, Jamie Dimon, Trump’s Organizations: Republican, Federal Trade Commission, China, Bloomberg, JPMorgan, JPMorgan Chase C.E.O Locations: The

☆ Trump said he’d consider Jamie Dimon for Treasury secretary but now says he doesn’t know who said that
▼ + stars: | 2024-07-23 | by ( Kate Sullivan | ) edition.cnn.com time to read: +1 min

CNN —Former President Donald Trump said in a recent interview he would consider nominating JPMorgan Chase CEO Jamie Dimon as Treasury Secretary, but on Tuesday said he doesn’t know who said that or where that came from. In an interview with Bloomberg Businessweek published earlier this month, Trump said, “I have a lot of respect for Jamie Dimon.” He was then asked whether Dimon might be a future Trump administration Treasury secretary. Trump’s comments on Dimon in the Bloomberg interview were a sharp departure from his previous posture on the JPMorgan chief executive. Trump bashed Dimon in November as a “Highly overrated Globalist” in a Truth Social Post after Dimon praised Nikki Haley, who was at the time still running for president in the GOP primary. But Dimon then said earlier this year he thought Trump was right about key issues and that bashing his “Make America Great Again” movement would hurt President Joe Biden.

Persons: Donald Trump, Jamie Dimon, doesn’t, Trump, “, ” Trump, Larry Fink, Fink, Trump’s, Dimon, Nikki Haley, Joe Biden Organizations: CNN, JPMorgan Chase, Bloomberg Businessweek, Treasury, Bloomberg, BlackRock, JPMorgan, Dimon, GOP

☆ Trump says he 'doesn't know who' brought up adding Jamie Dimon to his Cabinet. It was Trump.
▼ + stars: | 2024-07-23 | by ( Grace Eliza Goodwin | ) www.businessinsider.com time to read: +1 min

Trump says he's never considered Jamie Dimon for the role of Treasury Secretary in his cabinet. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementDonald Trump says he has no idea who suggested JPMorgan Chase CEO Jamie Dimon for the role of his Treasury Secretary. It was Trump himself who brought it up just a month ago.

Persons: Trump, he's, Jamie Dimon, he'd, —, Donald Trump, Larry Fink Organizations: Trump, GOP, JPMorgan Chase, Service, Treasury, Business

☆ President Biden's reelection campaign is on its last legs as Democrats' fears extend beyond losing just the White House
▼ + stars: | 2024-07-19 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, President Biden's comeback plan isn't working , and Democratic leaders are ready to move on . President Joe Biden's reelection campaign appears to be on its last legs as calls within his party have grown from whispers to shouts since his disastrous debate last month. AdvertisementBut perhaps the biggest blow to Biden's reelection campaign came with the news that his former running mate has doubts. But for some Democrats, the risk of Biden continuing his reelection campaign could extend from the White House to Capitol Hill. Still, despite mounting pressure, Biden's campaign has remained steadfast about his reelection bid.

Persons: —, Biden's, Mario Tama, Tyler Le, Joe Biden's, it's, Insider's Brent D, Griffiths, Sen, Bernie Sanders, Biden, doesn't, That's, BI's Bryan Metzger, Chuck Schumer, Hakeem Jeffries, Nancy Pelosi, Sarah Gray, Kelsey Vlamis, Barack Obama, Kent Nishimura, don't, Schumer, Jeffries, Adam Schiff, Quentin Fulks, Cros, Steve Schwarzman, it'll, Michael M, Jensen, Goldman Sachs, Peter Naylor, Amy Reinhard, Jamie Dimon's, cushy, Ernst & Young, Joe Biden, Kamala Harris, It's, Harris, Harvey Weinstein, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Annie Smith, Amanda Yen Organizations: Service, American Airlines, United Airlines, Democratic, Business, Getty, Trump, Biden, Capitol, Case, Senate, Wall, Google, Bank of America, Blackstone, Nvidia, Netflix, EV, Mercedes, Benz, Warner Bros Discovery, Warner Bros, Discovery, WarnerMedia, Investors, JPMorgan, McKinsey, Ernst, American Express, Convention Locations: Crowdstrike, Biden's, AFP, New York, London

☆ Wall Street sees this opaque corner of financial markets as the likeliest source of a credit crisis, Bank of America says
▼ + stars: | 2024-07-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewBank of America's latest Global Fund Managers survey found that shadow banking has surpassed commercial real estate as the likeliest culprit of a future credit event. In June's survey, commercial real estate held the top spot. Related storiesMeanwhile, BofA's survey indicates that fund managers are still keeping their eyes on commercial real estate, a sector that has wobbled under the weight of high interest rates. Between tighter monetary policy and a significant pullback in office demand, worry has mounted regarding whether commercial real estate entities can pay off their debt.

Persons: —, Jamie Dimon, BofA Organizations: Service, America's, Global Fund, Business, Bank of America Global Fund, Survey, JPMorgan Locations: H2'24

☆ Jamie Dimon: Skills are 'far more important' than a college degree in hiring
▼ + stars: | 2024-07-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

Skills are "far more important" than having a college degree for many jobs, he added. Dimon said JP Morgan Chase has eliminated degree requirements for most jobs at the bank and pivoted toward more skills-based hiring. About 80% of JP Morgan Chase's current roles for "experienced hires," or candidates with full-time work experience, don't require a college degree, a company spokesperson confirmed to Fortune. For context, 62% of Americans don't have a college degree, according to the latest Census data. That means degree requirements can lock out millions of job seekers with alternative qualifications from high-paying opportunities.

Persons: Jamie Dimon, Dimon, Morgan Chase, JP Morgan Chase's, It's Organizations: JPMorgan Chase, LinkedIn, Wall Street, Ivy League, McKinsey & Co, Harvard Business School's, Glass Institute, CNBC

☆ Jamie Dimon thinks the Fed should wait longer to cut interest rates
▼ + stars: | 2024-07-18 | by ( Filip De Mott | ) www.businessinsider.com time to read: +1 min

Jamie Dimon says the Federal Reserve shouldn't be in a rush to cut interest rates. He told Swiss newspaper NZZ that several factors could cause inflation to rebound. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe market is laying bets that the Federal Reserve is on the cusp on cutting interest rates, but Jamie Dimon thinks the central bank is at risk of moving too soon. The JPMorgan chief told Swiss newspaper NZZ that inflation might not settle down for good, even though it has been moving steadily lower since peaking in the summer of 2022.

Persons: Jamie Dimon, he's, —, Dimon Organizations: Federal Reserve, Swiss, Service, Federal, JPMorgan, Fed, Business

☆ JPMorgan CEO Jamie Dimon says he'll add thousands of jobs focused on AI in the next couple of years
▼ + stars: | 2024-07-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +1 min

JPMorgan CEO Jamie Dimon is a huge believer in artificial intelligence's impact on the workforce. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJPMorgan's Jamie Dimon said that he'll likely add thousands of more jobs centered around artificial intelligence at his company in the next couple of years. In an interview with LinkedIn's Editor in Chief Dan Roth, the JPMorgan CEO lauded AI as a valuable "productivity tool" that is already impacting the workforce, including at his bank. "It's huge," Dimon said of AI.

Persons: Jamie Dimon, —, Dan Roth, Dimon Organizations: Service, Business

☆ Trump is considering giving Jamie Dimon, who he once called a 'highly overrated globalist,' a prime Cabinet position
▼ + stars: | 2024-07-17 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +1 min

Donald Trump says Jamie Dimon "is somebody that I would consider" as Treasury Secretary. Trump told Bloomberg Businessweek he has "a lot of respect" for the JPMorgan CEO. Trump previously called Dimon a "highly overrated globalist" for supporting his GOP rival, Nikki Haley. AdvertisementIt looks like Jamie Dimon could have a spot on former President Donald Trump's Cabinet if the GOP nominee wins this November. "I have a lot of respect for Jamie Dimon," Trump told the outlet.

Persons: Donald Trump, Jamie Dimon, Trump, Nikki Haley, —, Donald Trump's, Dimon Organizations: Bloomberg Businessweek, JPMorgan, GOP, Service

☆ The No. 1 crucial soft skill that good CEOs share, says Jamie Dimon: Without it, 'you'll eventually fail'
▼ + stars: | 2024-07-16 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

One key trait separates the best CEOs from all others, according to JPMorgan Chase CEO Jamie Dimon. "I think leaders have to get out [from behind their desks]," Dimon said. They're learning from competitors, they're learning from clients." If we're torturing you, we're probably torturing another 10,000 [or] 100,000 people,'" Dimon said. "I think CEOs, any business leader, who can't get out [or is] too busy, they're making a huge mistake."

Persons: Jamie Dimon, LinkedIn's, Dimon, we're Organizations: JPMorgan Chase

☆ Bank of America tops estimates on better-than-expected investment banking
▼ + stars: | 2024-07-16 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

CEOs from left, Charles Scharf, Wells Fargo, Brian Moynihan, Bank of America, and Jamie Dimon, JPMorgan Chase, testify during the Senate Banking, Housing, and Urban Affairs Committee hearing titled "Annual Oversight of Wall Street Firms," in Hart Building on Wednesday, December 6, 2023. Bank of America on Tuesday said second-quarter revenue and profit topped expectations on rising investment banking and asset management fees. Net interest income slipped 3% to $13.86 billion, essentially matching the StreetAccount estimate. Executives have told investors in April that net interest income would bottom in the second quarter. Wells Fargo shares fell on Friday when it posted disappointing NII figures, showing how much investors are fixated on the metric.

Persons: Charles Scharf, Wells, Brian Moynihan, Jamie Dimon, JPMorgan Chase, Wells Fargo, Goldman Sachs Organizations: Bank of America, JPMorgan, Banking, Housing, Urban Affairs Committee, Wall Street Firms, Revenue, JPMorgan Chase, Citigroup Locations: Wells Fargo, Hart

☆ A trainer-heiress power couple created the fitness juggernaut Pvolve. Then came a divorce, an arrest, and Jennifer Aniston.
▼ + stars: | 2024-07-16 | by ( Kate Taylor | ) www.businessinsider.com time to read: +43 min

Around the dinner table in the early 2000s, David Katzman would quiz his kids about their dream startups. ModelFit employees told BI that Gelband used the Pelvicore Pro only with the permission of its creator, the physical therapist Christina Christie. Once, in October 2018, David Katzman met with Facebook's ad team to discuss SDC's before-and-after advertisements, which violated the tech company's policies. SDC employees worked on Pvolve marketing campaigns, and Pvolve employees took trips on David Katzman's jet. "He didn't come from anything, and he spent years and years building up the business," the person close to Pasterino told BI.

Persons: Stephen Pasterino, Pasterino, he'd, hadn't, Rachel Katzman, who'd, Katzman, Pvolve, Jennifer Aniston, David Katzman, bankrolled, —, Laura Quintana, Stephen, Erik Connolly, Connolly, John Mayer, Nietzsche, Dan Gilbert, David, Gilbert, Usher, Jordan, decanting, Justin Gelband, ModelFit, Taylor Swift, Gelband, Vanessa Packer, Bryan Bedder, we'll, didn't, Woody Allen's, Vera Wang, Katzman's, I've, Cynthia Hannah, Blanca Padilla, Pasterino's, Justin Gelband's, Tracy Anderson's, cofounders, Packer, Christina Christie, Christie, Jordan Katzman, David Katzman's, Camelot, Julie Cartwright, Pvolve's, Cartwright, Hannah Bronfman, Nadine Leopold, Tim P, Pvolve didn't, Quintana, Rachel, SmileDirectClub, Jamie Dimon, Olivia Culpo, Craig Barritt, Bethenny Frankel, Madelaine Petsch, Lola tampons, They'd, Mara, ThreeForm, loaning, Hannah, Christie Brinkley, Monica Schipper, she'd, Rebecca Minkoff, Lindsay Pinchuk, Pamela, couldn't, Kathryn Delacruz, Madison Krause, Krause, Delacruz, " Krause, Pvolve's attorney's, Aniston's, Aniston, Jennifer, Jennifer Aniston's, Connelly, SDC's cofounders, — Pasterino, ThreeForm hasn't, Sarah VanZalen, there's, Erewhon, WWD, Tim Michaels, franchisors, Michaels, they've, Aperol Organizations: SoHo, Pvolve, Los Angeles ., Depot, DeeKay Enterprises, Quicken Loans, Cleveland Cavaliers, Camelot Venture Group, New, ModelFit, GQ, Getty, Hamptons, Beverly Hills Hotel, Cosmopolitan, BI, Gray Institute, SDC, Camelot, Lionsgate, Facebook, Whitby, Ventures, . Press, Miss, Employees, Naboisho Conservancy, Katzman's, Southampton, Pvolve Facebook, LinkedIn, Health, Forbes, Workers, Industry Locations: Pvolve, New York, Chicago, Los Angeles, Hammonton , New Jersey, Atlantic City, Jersey Shore, Franklin , Michigan, Michigan, Detroit, Las Vegas, Beverly, SoHo, Ibiza, France, Paris, Vogue, California, ModelFit, Covent, London, Riverdale, New Jersey, Pasterino, Italy, Kenya, Naboisho, Nashville, San Diego, New York City, shuttering, Ann Arbor , Michigan, ThreeForm, Angeles, Malibu

☆ Read the email CEO Jamie Dimon sent to JPMorgan employees after the assassination attempt on Trump
▼ + stars: | 2024-07-15 | by ( Ana Altchek | ) www.businessinsider.com time to read: +1 min

Jamie Dimon wrote a memo to JPMorgan staff condemning the assassination attempt on Trump. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe attempted assassination of former President Trump drew quick responses from lawmakers and business leaders, including JPMorgan CEO Jamie Dimon. Dimon joined the list of CEOs who spoke out against the shooting with a companywide email to employees sent Sunday, which BI confirmed. This story is available exclusively to Business Insider subscribers.

Persons: Jamie Dimon, Dimon, —, Trump Organizations: JPMorgan, Trump, Service, Business

☆ Why Goldman Sachs thinks the merger machine is revving up
▼ + stars: | 2024-07-15 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

"We are seeing a material increase in client demand for committed acquisition financing, which we expect to continue on the back of increasing M&A activity," he said. "We're seeing it in our dialogue with sponsors," Solomon said. On the strategic side, Goldman advised on the roughly $60 billion sale of the oil and gas company Pioneer to Exxon. Solomon said Goldman also expects to benefit from the uptick in demand through its lending capabilities. "When there are more M&A transactions, whether it was financial sponsors or big corporates, there is more financing attached to that," he said.

Persons: —, Goldman Sachs, David Solomon, Goldman, Solomon, Jamie Dimon, JPMorgan Chase, didn't, Dimon, Donald Trump, I'm, Permira Organizations: Service, Business, Investment, JPMorgan, Federal, Exxon Locations: Silicon Valley

☆ CNBC Daily Open: Trump assassination attempt
▼ + stars: | 2024-07-15 | by ( Abid Ali | ) www.cnbc.com time to read: +4 min

This 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. Trump assassination attemptThe attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday left one attendee and the gunman dead, and two more attendees in critical condition. Trump was grazed by a bullet and treated at a local hospital, but released late Saturday night. Dimon inflation warningJPMorgan Chase CEO Jamie Dimon has warned that inflation and interest rates may remain high despite recent easing in price pressures.

Persons: Trump, Donald Trump, Thomas Matthew Crooks, Larry Hu, CNBC's Evelyn Cheng, Russell, CNBC's Michael Santoli, Wiz, Jamie Dimon, Dimon Organizations: CNBC, FBI, NBC, Macquarie, Communist Party of, Dow, Dow Jones, Depot, Caterpillar, Big Tech, Nasdaq, Wiz, Wall Street Journal, Sequoia Capital, Insight Partners, U.S Locations: Pennsylvania, Bethel Park, Pa, China's, Beijing, China, Communist Party of China, Israeli

☆ Dimon and other Wall Street CEOs react to Trump assassination attempt: 'Deeply saddened' by violence
▼ + stars: | 2024-07-15 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

The leaders of Wall Street's most powerful firms are speaking out to condemn the attempted assassination of former President Donald Trump at a Pennsylvania rally over the weekend. JPMorgan Chase CEO Jamie Dimon told employees Sunday that he and his management team were "deeply saddened by the political violence" and attempt on Trump's life. The shooting killed one bystander and injured two more. "We are grateful that he is safe and also want to extend my sincere condolences to the families of those who were tragically killed and severely injured," Solomon said. Wall Street firms don't officially endorse political candidates since they have to deal with both Republican and Democrat officials, though their executives and employees often donate to campaigns.

Persons: Wall, Donald Trump, JPMorgan Chase, Jamie Dimon, Dimon, Goldman Sachs, David Solomon, Solomon Organizations: JPMorgan, Wall, Republican, Democrat

☆ Cramer: Here are 5 stocks I would buy right now — plus 3 to keep your eyes on
▼ + stars: | 2024-07-14 | by ( Jim Cramer | ) www.cnbc.com time to read: +18 min

In the meantime, we received some terrific feedback from members after revealing in late May five stocks we would buy right here, right now. So which stocks would I buy right now? And while we expect Monday may not be a good day for tech stocks — remember it is only day three of the rotation — you have to buy AMD before the tide turns back to tech. I said that Best Buy was much more than just a brick-and-mortar company and that its integrity was high. More importantly, like AMD, Best Buy is where people will try out a new AI PC.

Persons: We've, that's, Nvidia's Blackwell, Wells Fargo, Wells, Charlie Scharf, Charlie, Doug Braunstein, Fernando Rivas, Jamie Dimon, there's, Scharf, let's, Ed Breen, Breen, Dennis Kozlowski, Kozlowski, Medtronic, Dupont, China's, Peter Arduini, Wynn, Laxman Narasimhan, Howard Schultz, Laxman, Narasimhan, Schultz, Mellody Hobson, There's, Jim Cramer's, Jim Cramer, Jim, Pual Yeung Organizations: Dow Jones, Devices, Nvidia, Broadcom, Big Tech, AMD, Intel, PC, Microsoft, HP, Wells Fargo, JPMorgan, Costco, Gold, DuPont, Tyco, Tyco Electronics, Johnson Controls, GE Healthcare, Wynn, Starbucks, GE, Philips, Siemens, Management, Caesars, Las, Sands, Biden, Covid, Palestinian, McKinsey, PepsiCo, Jim Cramer's Charitable, CNBC, Wynn Resorts, Bloomberg, Getty Locations: Wells Fargo, Wells, U.S, Canada, Dupont, China, East Germany, Macau, Israel, Jewish, Gaza, Macao

A branch of First Republic Bank is seen after Jamie Dimon's JPMorgan Chase & Co emerged as the winner of a weekend auction of the bank in San Franciso, California, U.S. May 1, 2023. First Republic failed on May 1, 2023, after a series of Federal Reserve interest rate increases caused large losses in its investment portfolio and led many depositors to move their money elsewhere. In their complaint filed last December, the former First Republic employees alleged that the FDIC had on May 18, 2023, wrongfully stopped making payments under their deferred compensation plan. First Republic failed less than two months after the failures of two other lenders, Silicon Valley Bank and Signature Bank. The case is Harrington et al v FDIC, U.S. District Court, Northern District of California, No.

Persons: Jamie Dimon's, Hyun Joo Jin, District Judge Haywood Gilliam, Gilliam, Harrington, Jonathan Stempel, Will Dunham Organizations: First Republic Bank, Jamie Dimon's JPMorgan Chase, REUTERS, Federal Deposit Insurance Corp, Bank, U.S, District, Federal, First, JPMorgan, Republic, Silicon Valley Bank, Signature Bank, FDIC, Court, Northern District of, Thomson Locations: San Franciso , California, U.S, California, San Francisco, Oakland , California, Northern District, Northern District of California, New York

☆ JPMorgan's Jamie Dimon warns inflation and interest rates may stay higher
▼ + stars: | 2024-07-12 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures. "Therefore, inflation and interest rates may stay higher than the market expects." His comments came after this week's data showed the monthly inflation rate dipped in June for the first time in more than four years, which fueled bets that the Federal Reserve could cut rates soon. Dimon joined many economists in sounding the alarm on the U.S.' burgeoning debt and deficits. The federal government has so far spent $855 billion more than it has collected in the 2024 fiscal year.

Persons: Jamie Dimon, Dimon, Jerome Powell Organizations: JPMorgan, Federal, U.S Locations: U.S

☆ JPMorgan Chase is set to report second-quarter earnings – here's what the Street expects
▼ + stars: | 2024-07-12 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., speaks during an Economic Club of New York (ECNY) event in New York, US, on Tuesday, April 23, 2024. JPMorgan Chase is scheduled to report second-quarter earnings before the opening bell Friday. Here's what Wall Street expects:Earnings: $4.19 a share, according to LSEGRevenue: $49.9 billion, according to LSEGNet interest income: $22.8 billion, according to StreetAccountTrading Revenue: Fixed income of $4.82 billion; Equities of $2.77 billion, according to StreetAccountWill cracks in the economy begin to reveal themselves in JPMorgan Chase results? While JPMorgan has passed numerous stress tests lately — actual and hypothetical — it's possible the bank's consumers could begin showing more strain from higher interest rates. Wells Fargo and Citigroup are scheduled to post results later Friday, while Goldman Sachs , Bank of America and Morgan Stanley report next week.

Persons: Jamie Dimon, JPMorgan Chase, Wells, Goldman Sachs, Morgan Stanley Organizations: JPMorgan Chase &, Economic, of New, JPMorgan, LSEG Revenue, Trading, JPMorgan Chase, Citigroup, Bank of America Locations: of New York, New York, Wells Fargo

☆ Investment banking is finally gaining steam. Here's why JPMorgan's Jeremy Barnum says it might not last.
▼ + stars: | 2024-07-12 | by ( Reed Alexander | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Barnum also said the bank's debt capital markets jump was due more to refinancing than fundraising for deals and raised concerns about the future of IPOs. 'Down round' fears haunt the IPO marketOn public issuances, which are handled by the bank's equity capital markets business, Barnum said he would have expected stronger numbers in more normal times. "The regulatory overhang is there, remains there," on the advisory side of the business, Barnum said. Barnum suggested that the flow of capital into credit could be slowing because there isn't enough dealmaking to justify continued fundraising.

Persons: —, JPMorgan Chase, Wells, Jeremy Barnum, Barnum, it's, Jamie Dimon, Dimon, Tom Williams, Biden, It's, You've Organizations: Service, JPMorgan, Business, Federal Reserve, Inc, Getty, Dow Jones Industrial Locations: Wall, Wells Fargo, Israel, Gaza, East, Russia, Ukraine, Central Europe

☆ CNBC Daily Open: S&P retreats, yen surges, Tesla sinks
▼ + stars: | 2024-07-12 | by ( Abid Ali | ) www.cnbc.com time to read: +3 min

This 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. The declines follow the lowest consumer price index in over three years. The yield on the 10-year Treasury fell, while U.S. oil prices rose on hopes of a rate cut. The Fed is "one step closer to a September rate cut," said Chris Larkin, managing director of trading and investing at E-Trade.

Persons: Jesse Pound, Chris Larkin, Kit Juckes, Elon Musk, Jamie Dimon's Organizations: CNBC, Nasdaq, Big Tech, Nvidia, Meta, Dow Jones, Treasury, U.S, Societe Generale, Delta Air Lines, Paris, Bloomberg, JPMorgan Locations: U.S

☆ JPMorgan reports before the bell Friday. What Wall Street is watching
▼ + stars: | 2024-07-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Along with the top- and bottom-line numbers, Wall Street is also keeping close watch on net interest income and guidance. "We see the greatest sources of potential earnings upside being driven by higher loan growth and capital markets." Barclays analyst Goldberg anticipates a slight decrease in net interest income in the second quarter due to a compression in net interest margin. Last year, the company posted $21.9 billion in net interest income for the period. Despite expectations for seasonally lower trading, he also expects strong investment banking activity and net interest income to drive ongoing positive momentum.

Persons: Jason Goldberg, Jamie Dimon, Goldman Sachs, Richard Ramsden, America's Ebrahim Poonawala, Goldberg, Wells, Mike Mayo, Redburn, John Heagerty Organizations: JPMorgan Chase, LSEG, Barclays, JPMorgan, Bank, America's Locations: United States

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