The remark comes as US President’s tariff policy has sparked volatility in the stock market. While broader markets registered a recovery on Wednesday, the S&P 500 was still down more than 7% over one month.
From JPMorgan lawsuits and Volkswagen's factory closures to new U.S. investment restrictions in China, here’s a look at recent business developments
From Cisco Systems bet in Nvidia backed CoreWeave to JP Morgan Chase's investment in cash-trapped Australian casino operator, here's a look at some of the major developments from across the world.
While emphasising personal responsibility, Jamie Dimon also acknowledged the efforts companies like JPMorgan Chase make to support their workforce.
The two market veterans, whose commentary is eagerly awaited by shareholders, hold differing views on how the US should respond to the current international conflicts.
From Boeing facing FAA scrutiny, Tesla settling Autopilot-linked fatal crash lawsuit to Intel and Google unveiling new chips and Binance's rebirth, here's a look at recent business developments around the world
The chairperson and the CEO of JPMorgan Chase said that the number of public companies has fallen from 7,300 in the 1996 to 4,300 now
The Chairman and CEO of the bank wrote that the odds of a soft landing are much lower than what the market is factoring in.
The vast majority of First Republic employees, roughly 7,200 before it ran into trouble, were offered jobs by JPMorgan, meaning that about 15 per cent of the bank's employees were let go.
With thousands having lost jobs, JPMorgan Chase has done away with minimum payment requirements on credit cards and it's waiving late fees.
Dimon also insisted on the need to resolve the US-China trade war. "It's the most important relationship geopolitically in the world for the next hundred years," he said.
A report by PAX last week listed the government-owned bank as one of 158 lenders - including JP Morgan Chase, Barclays, Bank of America and Credit Suisse - that violated an international ban for investing in cluster bomb firms.
Bell, who was Boeing's CFO from 2003 to 2012, is on the board of several other companies, including JP Morgan Chase & Company and Dow Chemical Company.
According to sources, Barclays, Bank of America Merrill Lynch, HSBC, JP Morgan Chase and StanChart were advisors to the issue.
IndiGo, owned by hospitality and travel company InterGlobe Enterprises, is aiming to get approval from India's market regulator in August, before hitting the market later in the year, one of the sources said.
With the acquisition of the Market Motive, Simplilearn, which already offers over 250 online courses across industries and functions, augments its offerings in digital marketing. Bengaluru-based Simplilearn is also looking to leverage Market Motive's reach.
The airline plans to raise up to USD 400 million through the IPO. The valuation of IndiGo is pegged at about USD 1.6 billion.
Today all eyes will be on the March WPI which according to CNBC-TV18 poll is expected at minus 2.07 percent.
"Beleaguered budget carrier SpiceJet would submit a revival plan to the government today on the basis of a proposed investment of USD 200 million from founding promoter Ajay Singh and US-based JP Morgan Chase," reports media quoting unnamed official sources.
The metropolitan area needs more empowered leadership to galvanise its complex and often 'siloed' organisational structure in pursuit of long-term goals, the report said
Bajaj Hindusthan climbed over 5 percent after the company reduced its net loss significantly to Rs 131 crore in July-September quarter from Rs 509.5 crore in same quarter previous fiscal.
Michael Kurtz, Nomur said the weekend's developments have broadened the scope for markets to price in the tail-risk of dramatic escalation. “It seems sensible to seek protection in risk-off markets,†he added.
According to an analysis by The Associated Press and Equilar, CEO pay rose 24 percent in 2010 and 6 percent in 2011.
Brent crude rose on Monday, briefly hitting an eight-month high above USD 121 a barrel, as Iran halted exports to British and French companies ahead of a European Union embargo.
JP Morgan Chase raised its 2012 price forecast for Brent crude by USD 6 to USD 118 a barrel on supply risks and rising economic growth.