Jamie Dimon

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Dimon: Yeah, We're 'Likely' Spiraling Toward Recession

JPMorgan Chase chief had warned earlier this week that Trump's tariff war might be problematic

(Newser) - Earlier this week, Jamie Dimon sent up a red flag on the tit-for-tat trade war spurred by the Trump administration, which has sent markets into a tailspin , warning that the resulting tariffs will likely bring about "inflationary outcomes" and "slow down growth." He hedged at the time...

It's Already Been a Wild Day on Wall Street

Markets began with a plunge, rebounded into positive territory, then repeated that cycle

(Newser) - The key word Monday for the US stock market appears to be volatility, but that might be an understatement. The major indexes began the day with another steep plunge before rebounding into positive territory—then taking another big plunge back into the red before rebounding yet again, reports the Wall ...

Dimon: Tariffs Must Be Resolved Quickly
Dimon: Resolve
Tariffs Quickly
Apr 7, 2025 6:44 AM CDT

Dimon: Resolve Tariffs Quickly

Trump ally Bill Ackman suggests the president is getting terrible advice on markets

(Newser) - Jamie Dimon and other prominent names on Wall Street are voicing rising concerns about the effect of President Trump's tariffs on world markets. "We are likely to see inflationary outcomes," the CEO of JPMorgan Chase wrote in his closely watched annual letter to investors on Monday, reports...

Dimon Blows Up at Staff Over Remote Work

Expletive-filled town hall includes an invitation to unhappy employees to work elsewhere

(Newser) - The chief executive of JPMorgan Chase made clear to employees this week that when it comes to his policy on remote work, the tradition of petitioning for redress of grievances has no place at the nation's largest bank. A group of employees has launched an online petition asking Dimon...

Jamie Dimon Is Blunt on Trump's Tariffs: 'Get Over It'

JPMorgan Chase CEO says they're good for national security

(Newser) - Put JPMorgan Chase CEO Jamie Dimon in the camp that's just fine with President Trump's potential tariffs. Speaking from the World Economic Forum in Davos, Switzerland, Dimon had this to say to CNBC's Andrew Ross Sorkin: "If it's a little inflationary, but it's good...

JPMorgan: Time to Come Back Into the Office Full-Time

Comments shut off on post about the policy change, sources say

(Newser) - The latest company to require employees to return to the office five days a week: JPMorgan Chase. In an internal memo cited by Reuters , employees of the financial services firm are informed that anyone currently on a hybrid schedule must work full-time in the office starting in March. The bank'...

Biggest Bank Suggests US Has Achieved a 'Soft Landing'

JPMorgan exec uses the phrase while discussing better-than-expected quarterly results

(Newser) - The Federal Reserve has been adjusting rates and watching inflation as it attempts to pull off an elusive "soft landing" for the economy. On Friday, an exec at the nation's biggest bank said the central bank appears to have pulled it off and avoided a recession. After JPMorgan...

Jamie Dimon Is on the Hunt for His Replacement

It's reportedly a top priority for the 68-year-old JPMorgan CEO

(Newser) - After 18 years as head of America's largest bank, JPMorgan Chase CEO Jamie Dimon is preparing to retire. Indeed, finding a successor is now his top priority, Reuters reports. Earlier this year, the 68-year-old indicated he would retire in fewer than five years, but Bank of America analysts predict...

Trump Denies Considering Dimon for Treasury Secretary

'I don't know who said it, or where it came from, perhaps the Radical Left'

(Newser) - Donald Trump has denied reports that he's considering JPMorgan Chase CEO Jamie Dimon or BlackRock CEO Larry Fink for Treasury secretary if he wins a second term. "I don't know who said it, or where it came from, perhaps the Radical Left, but I never discussed, or...

Dimon Issues Warning About Markets
Dimon
Issues
Warning
About Markets
Apr 12, 2024 1:45 PM CDT

Dimon Issues Warning About Markets

JPMorgan Chase boss finds markets a little 'too happy'

(Newser) - He's been wrong about this before, as when he expected a major recession for last year, but still, Jamie Dimon has unique experience and a good view of the global economy. So reporters listened Friday when the chief executive of JPMorgan Chase elaborated on why he senses trouble ahead....

Long-Cautious Jamie Dimon Has Another Economic Warning

He sees the potential for interest rates to hit 8% or more

(Newser) - Some market watchers suspect the Fed won't cut rates at all in 2024. JPMorgan Chase CEO Jamie Dimon sees the potential for things to move sharply in the other direction. In an annual letter to JPMorgan Chase shareholders released Monday, Dimon warned that while he expects the US economy...

George Lucas Picks His Player in Disney Proxy Battle

'Star Wars' filmmaker goes to bat for CEO Bob Iger in fight against Nelson Peltz, as does Jamie Dimon

(Newser) - Nelson Peltz's hedge fund is trying to seize two seats on Disney's board of directors, but he's got some opposition, including from one of the entertainment giant's biggest single shareholders: Star Wars director George Lucas, who says he's backing the board and the leadership of...

JPMorgan Settles With Epstein Victims for $290M

'We all now understand that Epstein's behavior was monstrous,' says bank accused of enabling him

(Newser) - JPMorgan Chase has reached a settlement in a class-action lawsuit with victims of financier Jeffrey Epstein. Sources tell the Financial Times that the banking giant has agreed to pay $290 million. Epstein was arrested in 2019 on federal charges accusing him of paying underage girls hundreds of dollars in cash...

Jamie Dimon: Repercussions of Bank Crisis Will Last

But JPMorgan chief emphasizes it's not as severe as the 2008 crisis

(Newser) - Ten months ago, the chief of America's biggest bank warned that an economic "hurricane" was brewing and might slam the US. On Tuesday, Jamie Dimon of JPMorgan Chase sounded a lot more optimistic about the forecast, referencing "storm clouds" instead, reports Axios . In his annual letter to...

Jamie Dimon: US Recession Likely Within 6 to 9 Months
Jamie Dimon:
Recession
Lies Ahead
Oct 11, 2022 6:39 AM CDT

Jamie Dimon: Recession Lies Ahead

'This is serious stuff,' JPMorgan Chase CEO says, as Fed didn't do nearly enough in time

(Newser) - The US economy is "actually still doing well" right now, JPMorgan Chase CEO Jamie Dimon said Monday—but that statement comes with a big "but." Dimon, in an interview with CNBC , continued, "you can’t talk about the economy without talking about stuff in the future—...

Even With $2.5B, Oprah Isn't Among 400 Richest in US

Kanye West doesn't make the cut, either, though Donald Trump does

(Newser) - Donald Trump has found his way back onto Forbes' list of the 400 richest Americans. The former president was excluded in 2021 for the first time in 25 years. But with an estimated net worth of $3.2 billion—up from $2.5 billion last year—he's back for...

Bank CEO: 'Brace Yourself' for an Economic 'Hurricane'

'We don’t know if it’s a minor one or Superstorm Sandy,' Jamie Dimon says

(Newser) - The chief of America's largest bank says an economic "hurricane" is brewing and the Federal Reserve will face a huge challenge as it tries to rein in inflation without causing a recession. "Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed...

Jamie Dimon Warns of Unprecedented Trifecta

Pandemic recovery, Ukraine war, and high inflation could 'dramatically increase' risks to economy

(Newser) - JPMorgan CEO Jamie Dimon is out with his annual letter to shareholders, which Axios notes is closely watched in financial circles. The Wall Street Journal finds that it's less rosy than last year, when he saw a potential "Goldilocks" moment of sustained growth on the horizon. This year,...

JPMorgan CEO Regrets Joke About Chinese Government

Jamie Dimon said bank would probably outlast Chinese Communist Party

(Newser) - JPMorgan Chase CEO Jamie Dimon says "he truly regrets" a quip he made this week about JPMorgan outlasting the Chinese Communist Party. At an event in Boston Tuesday, Dimon said, "I was just in Hong Kong and I made a joke that the Communist Party is celebrating its...

JPMorgan Chief Survives Health Scare

Jamie Dimon had emergency heart surgery

(Newser) - JPMorgan Chase CEO Jamie Dimon is recovering from another health scare, six years after he survived throat cancer . The bank says the CEO is "recovering well" after emergency heart surgery Thursday to treat an acute aortic dissection—a separation of tissues in the aorta wall, which is often fatal....

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