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☆ Japan’s Nikkei hits 34-year high
▼ + stars: | 2024-02-13 | by ( ) edition.cnn.com time to read: +2 min

Tokyo Reuters —Japan’s Nikkei share average closed at a fresh 34-year high on Tuesday as trading resumed after a long holiday weekend, with tech-related shares and strong corporate earnings supporting the benchmark stock index. The Nikkei climbed 2.89% to 37,963.97 to its highest since January 1990, after briefly breaching 38,000 points. The broader Topix rose 2.12%. Among other top gainers, Tokio Marine Holdings Inc and MS&AD Insurance Group Holdings Inc gained 11% and 10.82%, respectively. As the Nikkei climbs toward its all-time high, the US consumer price index (CPI) report out later on Tuesday will be in focus.

Persons: SoftBank, “, ” JP Morgan, ”, Charu Chanana Organizations: Tokyo Reuters, Japan’s Nikkei, Nikkei, Tokyo, SoftBank, ARM Holding, Tokio Marine Holdings Inc, Insurance, Holdings, CPI, Saxo Markets, Otsuka Holdings Locations: Tokyo

☆ The stock market debate is trapped in the '90s with both bulls and bears drawing comparisons
▼ + stars: | 2024-02-10 | by ( Michael Santoli | ) www.cnbc.com time to read: +10 min

Value-investing asset manager GMO last week published a study showing that the top ten S & P 500 stocks by size have handily beaten an equal-weighted pool of the other 490 for several years now. Neither is Microsoft, a useful indicator give that it was the largest stock by market cap both in December 1999 and today. Indeed, today the stock market has done well even as expectations for the speed and depth of rate cuts this year have diminished. (Industrials are leading, the equal-weight S & P is up 19% from October and there were 204 new 52-week highs on the NYSE Friday over 24 new lows.) The S & P 500 uptrend has for weeks targeted the 5050 area, as an immediate culmination point, and it's just about there.

Persons: Morgan, Marko Kolanovic, —, Janus, Stocks, it's, Alan Greenspan, Greenspan, Jerome Powell, Ned Davis, Ed Clissold, Jurrien, Goldman Sachs Organizations: Nvidia, Cisco, Nasdaq, Cisco Systems, Microsoft, Fed, Netscape, Boston, NYSE Locations: Russia, It's, Orange County, Calif

☆ Japanese stocks can soar 50%, says advisor — and investors can cash in with these ETFs
▼ + stars: | 2024-02-07 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

The Nikkei 225 index , one of Japan's most important stock market benchmarks, could surge more than 50% over the next two years, according to Tokyo-based advisor Jasper Koll. The Nikkei 225 currently stands at just over 36,000 points, meaning Koll's target represents a potential upside of around 50% in the next two years. Hong Kong investors have the CSOP Nikkei 225 Index ETF available. This ETF tracks the MSCI Japan index, which is a different index from the Nikkei 225 but holds about 70% of the same stocks. European, UAE, and Singapore-based investors can access the MSCI Japan index through the iShares MSCI Japan UCITS ETF.

Persons: Jasper Koll, Monex, Koll, CNBC's, JP Morgan Japan, Warren Buffett, Berkshire Hathaway Organizations: Nikkei, JP Morgan, Berkshire, KIM, Japan, Japan Hedged Equity Locations: Tokyo, Japan, Berkshire, that's, Swiss, Hong Kong, U.S, UAE, Singapore

☆ The CEO 'return to office or else' is having limited success in 2024
▼ + stars: | 2024-02-04 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +5 min

This past week alone, Boeing and UPS called workers back to the office five days a week. A survey by the Conference Board found few U.S. CEOs saying they will prioritize bringing workers back to the office full time in the year ahead. Jotform, an online form-building platform with about 660 team members, recently made the decision to require employees to be in the office five days a week. A December Resume Builder poll of 800 business leaders found that 8 in 10 companies will track employee office attendance in 2024. In some cases, companies are also finding it difficult to crack down on lower-level employees because higher-ups also aren't complying.

Persons: it's, Elliott Sprecher, Morgan Chase, Davis Polk, What's, Laura Putnam, Henry Nothhaft, Betsy Henning, Finn, Putnam Organizations: Boeing, UPS, Conference Board, IBM, Google, Skadden, Finn Partners Locations: Slate, RTO

☆ Chang: It's still too early to declare victory on inflation
▼ + stars: | 2024-02-01 | 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 EmailChang: It's still too early to declare victory on inflationJoyce Chang, chair of global research at JP Morgan, discusses expectations for Fed rate cuts this year now that March appears to be off the table.

Persons: Chang, It's, Joyce Chang, JP Morgan Organizations: JP

☆ A doctor lost 50 pounds on a healthy diet and another 30 pounds on Mounjaro. She says weight loss drugs may be the 'easy way out' — but so what?
▼ + stars: | 2024-01-31 | by ( Rachel Hosie | ) www.businessinsider.com time to read: +7 min

After consulting her doctor, she lost another 30 pounds off-label on the diabetes drug Mounjaro, which is now marketed for weight loss as Zepbound. Advertisement"It was really kind of life-changing to me because it was just so easy and so natural to lose weight," Grunch told Business Insider of taking Mounjaro. AdvertisementPeople shouldn't be judged for taking weight loss drugsWhen Grunch, who shares insights into her life with her 1.8 million Tiktok followers, started losing weight, viewers speculated she was on weight loss drugs and accused her of taking the "easy way out." Oprah Winfrey , for example, told a panel in last September that she thought weight loss drugs were "the easy way out," but revealed she was taking one in December. AdvertisementThere is a huge amount of research, such as this 2014 study , showing that shaming people into weight loss doesn't work, and in fact leads to further weight gain.

Persons: —, Mounjaro, Betsy Grunch, JP Morgan, Grunch, wasn't, shouldn't, Oprah Winfrey, Winfrey Organizations: Service, Business, Research

☆ Trump must still cough up at least $90M in E. Jean Carroll verdict — and soon — even though an appeal means she has to wait for it
▼ + stars: | 2024-01-30 | by ( Laura Italiano | Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +6 min

Donald Trump has to cut a fat check, and his appeal of the E. Jean Carroll verdict won't delay that. While he appeals the verdict, Carroll can't touch that money — but neither can Trump. Here, as an example, is the judgment Kaplan issued after last year's Carroll verdict, the one that ordered he pay $5 million in damages. Last time around, for the $5 million verdict, Trump went with cash. The premium is money Trump would never see again, according to a surety executive who spoke on condition of anonymity.

Persons: Donald Trump, Jean Carroll, Trump, Carroll, —, Donald Trump's, Carroll's, Roberta Kaplan, Stephanie Keith, Lewis Kaplan, That's, Kaplan, Judge Kaplan, babysit — Trump, what's, Chubb, Morgan Chase, Donald Trump Scott Eisen, general's, Habba Organizations: Trump, Service, Business, Travelers Insurance, Liberty Mutual, New, Trump Organization Locations: Manhattan, New York

☆ Oil extends losses as economic headwinds weigh on demand outlook
▼ + stars: | 2024-01-22 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell for a second day on Monday as economic headwinds pressured the global oil demand outlook and outweighed geopolitical concerns in the Middle East and an attack on a Russian fuel export terminal over the weekend. Brent crude fell 41 cents, or 0.5%, to $78.15 a barrel by 0105 GMT after settling down 54 cents on Friday. "This morning's subdued re-open speaks volumes about current sentiment in the crude oil market despite ongoing geopolitical tensions in Europe and the Middle East," IG analyst Tony Sycamore said. Russian producer Novatek aid on Sunday it had been forced to suspend some operations at the Baltic Sea terminal because of a fire. In the Middle East, the Gaza war rages on while the U.S. struck another anti-ship missile preparing to launch into the Gulf of Aden by Yemen's Houthi militants on Saturday.

Persons: headwinds, Brent, Tony Sycamore, Yemen's, IG's Sycamore, Baker Hughes, JP Morgan Organizations: West Texas, U.S . Energy Information Administration, International Energy Agency, Organization of, Petroleum, Energy Locations: Red, Ras Behar, Egypt, Europe, Ukrainian, Russian, Gaza, U.S, Aden, Iran, China

☆ Opinion: The return to office fallacy
▼ + stars: | 2024-01-22 | by ( Opinion Peter Bergen | ) edition.cnn.com time to read: +5 min

And yet, some corporate titans are still pushing for their employees to return to their offices. Working parents, in particular, benefit from not having to waste time, money and flexibility commuting to an office. A 2023 Bankrate survey found that 74% of working women with children are in favor of remote work, while 64% of all working Americans support it. I am writing this column in Washington, DC, but work with editors in New York, London or Atlanta. So why do some bosses still feel it necessary to prolong the slow and necessary death of The Office?

Persons: Peter Bergen, CNN —, Banks, Goldman Sachs, Morgan, Jamie Dimon, ” Organizations: New, Arizona State University, Apple, Spotify, CNN, Peter Bergen CNN, titans, JPMorgan Chase, Meta, Pew Research Center, University of Chicago Locations: New America, ”, Brooklyn, Manhattan, Chicago, Mexico City, San Francisco, Washington ,, New York, London, Atlanta

☆ Electric vehicles will be a 'very big thematic' for Indonesia in the next decade, says JP Morgan
▼ + stars: | 2024-01-18 | 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 EmailElectric vehicles will be a 'very big thematic' for Indonesia in the next decade, says JP MorganHenry Wibowo, head of research and strategy at JP Morgan Indonesia, discusses the country's economic growth drivers, including the electric vehicle market and infrastructure projects.

Persons: Morgan Henry Wibowo, JP Morgan Indonesia Organizations: JP Morgan Locations: Indonesia

☆ What weight tells us about our health
▼ + stars: | 2024-01-17 | by ( Dr. Sanjay Gupta | ) edition.cnn.com time to read: +12 min

(CNN) — If you’ve been paying attention to health news recently, you may have noticed a subtle but real shift in the way society discusses body weight. Beyond health care dollarsDespite changing attitudes about larger bodies, excess weight does carry a price. From a health care standpoint, it costs the country a lot of money. According to a study published in the journal The Lancet in 2020, 27% of total health care expenditures in 2016 — about $730.4 billion — could be attributed to “modifiable risk factors” for preventable health conditions like cardiovascular disease. That was eight years ago, when our total health care expenditure was $2.7 trillion, according to the study.

Persons: you’ve, We’re, Dr, Fatima Cody Stanford, “, They’re, Adolphe Quetelet, Ancel Keys, ”, ” Stanford, Morgan, That’s, we’ll, Daniel Lieberman, who’ll, Oprah Organizations: CNN, American Medical Association, Massachusetts General Hospital, Harvard Medical School, National, bloodwork, Harvard Locations: Belgian

☆ 16 VCs that are funding the future of entertainment by backing generative AI and other disruptive tech
▼ + stars: | 2024-01-12 | by ( Lucia Moses | ) www.businessinsider.com time to read: +17 min

AdvertisementAfter a period of "wild west" investing in AI, Blank believes activity will favor AI companies that respect artists' consent and compensation. It recently co-led a $1 million seed round in Conduiit, which centralizes entertainment companies' production finance operations. Endeavor Venture InvestmentsEndeavor Venture Investments is the venture arm of entertainment and sports behemoth Endeavor. SWaN & LegendThe Virginia-based VC firm has a broad consumer portfolio that includes a number of entertainment investments. With Hollywood in contraction, SWaN has largely hit pause on new entertainment investments to get its portfolio companies on a strong footing.

Persons: Michael Blank, Blank, Jon Miller, Miller, Slack, Garnet Heraman, BDMI, Urs Cete, Michael, TMRW, Tiger Woods, Rory McIlroy, Elysian Park Ventures Jay Adya, Grant Lamos, Tom Brady, Gotham Chopra, Michael Strahan, Jay Adya, Morgan, Kushaan Ahuja, Drew Glover, Glover, Alex Harris, they've, Noah Doyle, Payback India, Jed Katz, Rich Greenfield, Rich, Ilya Pozin, Jamie Seltzer, LightShed, Steve Cohen's, it's, Sri Chandrasekar, Tripp Shriner, Ishan Sinha, That's, Wondery, Ian Doody, Raine, Gordon Rubenstein, Joe Ravitch, Jeff Sine, ‐, Fred Schaufeld, SWaN, that's, Oscar, Jose, Schaufeld, Sam Wick, Alex J, Investcorp, Paul Yoo, Edgar Bronfman Jr, Daniel Leff, Waverley, Leff Organizations: Service, Creative Artists, Connect Ventures, Business, Hollywood, Veteran, TPG, Integrated Media Co, Advancit, CAA, Bertelsmann, Waverley, Octopus Ventures, Accel, Facebook, Venture, Aperture Venture, Bertelsmann Digital Media Investments, Fremantle, Connect, CAA Connect Ventures, New Enterprises Associates, TMRW Sports, Disney, Universal, Elysian Park Ventures, Elysian, Sports, Endeavor Venture, Endeavor Venture Investments, behemoth Endeavor, Dapper Labs, Fiat Ventures, Fiat Ventures Fiat Ventures, Fiat, Payback, Rent, LightShed, Rich Greenfield Influential, LightShed Ventures, Pluto, Apple, Octopus Ventures Octopus Ventures, Investments, Corp, Etsy, Re, Point72 Ventures New York Mets, Range Media Partners, Point72 Ventures, Sri, Powerhouse, Athletic, The New York Times Co, Evolution Media, Creative Artists Agency, Astro, Rave Digital Media, Accel Entertainment, Jose Andrés Media, Berliner, UTA Talent, UTA, UTA Ventures, Ventures, VR, Amazon, PFL Locations: blockchain, —, Conduiit, fintech, London, Australia, Papercup, Los Angeles, Virginia, UTA.VC

☆ Morningstar: The top 10 stocks to buy in December as the market rally continues into the new year
▼ + stars: | 2023-12-03 | by ( Mark Reeth | ) www.businessinsider.com time to read: +2 min

That's a far-cry from where many Wall Street pros thought stocks would end the year. Others, like analysts at Bank of America, BMO, and Deutsche Bank believe the market could roar to new all-time highs . Rather than try to guess where the market is heading next, investors would be better off finding high-quality stocks to invest in for the long run. Thankfully, Morningstar's Margaret Giles recently compiled a list of the stocks to buy now, drawn from analysts' larger collection of the best companies to own. These stocks have "predictable cash flows and are run by management teams that have a history of making smart capital-allocation decisions," she wrote.

Persons: Taylor Swift, JP Morgan, Morningstar's Margaret Giles Organizations: Business, JP, Bank of America, BMO, Deutsche Bank

A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. Finance executives, consultants and headhunters interviewed by Reuters predict subdued deal flows, modest bonuses for most and heavy job cuts in 2024. "2023 will ultimately be one of the lowest corporate finance fee pools in modern history," said Fabrizio Campelli, head of Corporate Bank and Investment Bank at Deutsche Bank. JOB CUTSBanks have already turned to cost cuts to try to weather the downturn, which in a people-intensive business means job losses. And although some bankers expect a tough 2024, others sense an opportunity for European banks from the Basel Endgame.

Persons: Hollie Adams, Fabrizio Campelli, Banks, Ronan O'Kelly, Oliver Wyman, O'Kelly, Dominic Hook, Goldman Sachs, Vis Raghavan, JP Morgan, Morgan McKinley's, Stephane Rambosson, headhunter, Rambosson, Ana Botin, Morgan's Raghavan, there's, Oliver Wyman's O'Kelly, Deutsche's Campelli, Anousha Sakoui, Carolyn Cohn, Jesus Aguado, Alexander Smith Organizations: REUTERS, LONDON, Finance, Reuters, Corporate Bank, Investment Bank, Deutsche Bank, Organisation for Economic Cooperation, Development, Barclays, Lloyds, Challenger Metro Bank, UBS UBSG.S, Citi, Workers, Global Investment Banking, Employment, European Union, Santander, Global, Basel, Thomson Locations: City, London, Britain, Europe, Middle East, Africa, Ukraine, West, China, United States, India, Madrid

Even including the sale of Heathrow, this year is the slowest for airport transactions in the past decade, totalling $5.9 billion globally to date, according to Dealogic data. They have hired Mediobanca (MDBI.MI) and Credit Agricole (CAGR.PA) to find a buyer for a sale of their 49% stake in the company, the people said. Heathrow's sale valued the airport at 14.3 times EBITDA, according to JP Morgan analysis published on Wednesday. UK's Esken (ESKN.L), owner of regional Southend Airport, said in June it had started a process for the sale of the airport. On Thursday, Hungary's state-owned Corvinus and Vinci Airports notified the European Commission of a proposed joint takeover of Budapest's airport, according to a document posted on the EU website.

Persons: Andras Kranicz, GIP, Australia's Macquarie, Spain's, Ferrovial, Agata Lyznik, Mediobanca, Gianni, Origoni, Nico Torrisi, Morgan, UK's, France's Vinci, Vinci, Corvinus, Emma, Victoria Farr, Andres Gonzalez, Elisa Anzolin, Joanna Plucinska, Mathieu Rosemain, Anousha Sakoui, Elaine Hardcastle Organizations: LONDON, Heathrow, BNP, Global Infrastructure Partners, AGS Airports, Southampton, Australia's, International, ACI, Airports, Macquarie, Credit Agricole Assurance, 2i, Credit, SAC, Gatwick, Southend Airport, Global Infrastructure Fund, Vinci Airports, European Commission, EU, Thomson Locations: Edinburgh, Italy, FRANKFURT, Spanish, Europe, Aberdeen, Glasgow, Heathrow, France, Hungary's, Budapest's

☆ Wall Street closes amazing November in a bullish mood, and for good reason
▼ + stars: | 2023-11-30 | by ( Bob Pisani | ) www.cnbc.com time to read: +5 min

We are closing out an extraordinary month: The S & P 500 is up nearly 9%, its fourth-best month in 12 years. The equal weight S & P 500 is up almost as much as the market-cap weighted S & P 500. Of the 10 major financial firms, only two (Morgan Stanley and JP Morgan) see the S & P 500 lower next year. Wall Street strategists' year-end S & P 500 estimates . That puts the S & P 500 at a very rich multiple of almost 19 times forward earnings (17x is the historic norm).

Persons: Russell, Morgan Stanley, JP Morgan, Goldman Sachs, Morgan, bullish, Brian Belski, Scott Wren, Wren, That's, JP Morgan's, Dubravko Organizations: Wall, Deutsche Bank, BMO Capital Markets, Capital Markets, Bank of America, Barclays, Goldman, UBS Global Wealth, Wells, Wells Fargo Securities, Treasury, Core PCE, Wells Fargo Institute, CNBC Locations: Wells Fargo, Atlanta

☆ 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

☆ Taiwanese President Says China Is Unlikely to Invade at This Time
▼ + stars: | 2023-11-29 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

0:53U.S. Will Take Years to Reach Chip Independence, Nvidia C.E.O. Says1:22Herzog Says Israel Is Fighting on Behalf of the ‘Free World’1:06McCarthy Says He Is Undecided on Whether to Seek Re-ElectionNOW PLAYINGTaiwanese President Says China Is Unlikely to Invade at This Time0:40JP Morgan Will ‘Punch Back’ on Texas’ Efforts to Limit Its Business0:42Metaverse ‘Fascinating,’ TikTok Chief Says, but It’s Too Early to Invest0:56‘I’ve Had a Bad Month,’ Sam Bankman-Fried Says1:10Apple’s App Store Dominance Is ‘Problematic,’ Zuckerberg Says0:55Pence Praises Musk for Buying Twitter0:58Zuckerberg Says Social Media Is Still the Primary Focus of Meta1:05Amazon Will Challenge Staten Island Union Election, C.E.O.

Persons: Herzog, Israel, McCarthy, Morgan Will ‘, ’, I’ve, ’ Sam Bankman, Fried, ’ Zuckerberg, Pence, Zuckerberg Organizations: Chip Independence, Nvidia C.E.O, Invest, Meta, C.E.O Locations: Chip, Texas, Staten

☆ JP Morgan Will ‘Punch Back’ on Texas’ Efforts to Limit Its Business
▼ + stars: | 2023-11-29 | by ( The New York Times | ) www.nytimes.com time to read: 1 min

We financed more oil and gas companies in the world than just about anybody else, which I’m proud of. The best companies, the cleanest companies, they’re reducing the oil and gas. They’re reducing the methane. And yes, we’re also one of the biggest green financiers in the world — solar, wind, all the R&D taking place. There will be consequences to Texas because we bank their cities, schools, states, hospitals, companies — 30,000 employees.

Persons: we’re Locations: Texas

☆ Forbes built a hall of shame for all the questionable people on its 30 Under 30 lists
▼ + stars: | 2023-11-29 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

Plenty of people on the Forbes 30 Under 30 lists have turned out to be not quite so shiny. AdvertisementThe Forbes "30 Under 30" lists celebrate the achievements of young people making a mark in a range of sectors. Its "hall of shame" starts – appropriately enough – with Sam Bankman-Fried, the FTX cofounder who was on the 30 Under 30 finance list in 2021. Caroline Ellison was on the Forbes 30 under 30 list last year. Outside the 30 Under 30 finance class, the gun rights activist Cody Wilson also makes the hall of shame.

Persons: Forbes, Sam Bankman, Martin Shkreli, —, Mark Zuckerberg, FTX, Fried, Caroline Ellison, Eduardo Munoz Alvarez Martin Shkreli, Craig Ruttle, Charlie Javice, Frank, JP Morgan Chase, Javice, Morgan, She's, Nate Paul, Lucas Duplan Clinkle, Lucas Duplan, Peter Thiel, Andreesen Horowitz, Cody Wilson, Kelly West, Steph Korey, James O'Keefe, Prendergrast, she's Organizations: Forbes, Service, Prosecutors, Justice, TechCrunch, Business, Reuters, Project Veritas, The City Magazine Locations: Alameda

☆ 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 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

Funds' $10 billion net long dollar position in the week ending Nov. 7 was the biggest bullish bet on the greenback since October last year and a huge turnaround from the net short position worth more than $20 billion in mid-July. The last decade has shown that CFTC funds' net dollar positions tend to be long-term, directional trades held for at least a year, the longest of which was the net long from May 2013 through June 2017. But this time may be different - funds have only been net long dollars for nine weeks. The long dollar liquidation in the week to Nov. 14 was mostly against the euro and Japanese yen. Funds expanded their net long euro position by $2.9 billion, or nearly 21,000 contracts, the sixth increase in a row and the biggest since July.

Persons: Dado Ruvic, that's, Morgan, Jamie McGeever, Christina Fincher Organizations: REUTERS, Rights, Futures Trading Commission, Traders, Reuters, Funds, Bank of Japan, FX, Thomson Locations: Rights ORLANDO , Florida

☆ I Spent Years Working for My Dream Job at JPMorgan, Only to Quit 2 Years Later
▼ + stars: | 2023-11-27 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +5 min

Xaviera Ho, 29, spent years working towards her dream job at JPMorgan. But two years after landing her dream job as an investment analyst, she quit. That was when I realized that I wanted to go to business school and pursue a career in finance. During my four years in business school, I did several finance-related internships, including stints with an investment bank and a hedge fund. The branding, exposure, and networking opportunities that you get from working at a top bank like JPMorgan can be a great booster to your career.

Persons: Xaviera Ho, —, Robert Kiyosaki's, Rich Dad Poor, JP Morgan Organizations: JPMorgan, Service, National University of Singapore Business School, JP, JPMorgan Tech Exchange, National University of Singapore Locations: Ho's, Shenzhen, China, Kuala Lumpur, secondments, Vietnam, Seattle

☆ '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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