JPMorgan Chase CEO Jamie Dimon on whether AI will replace some jobs: 'Of course, yeah'

aol.com Jamie Dimon recently discussed artificial intelligence (AI), weighing in on how it could affect jobs and how it could get utilized at the bank. The longtime JPMorgan Chase…

Be prepared for 7% interest rates, warns Jamie Dimon

cnn.com JPMorgan Chase CEO Jamie Dimon issued a stark warning Monday to Wall Street: The Federal Reserve may be far from finished with its aggressive regimen of interest rate hikes…

JPMorgan strategist warns rising bond yields could unleash 'financial accident'

marketwatch.com Here’s one reason investors might consider betting on a bond-market rebound: If prices keep falling, and yields keep rising, it could trigger a financial catastrophe. At…

AI can be used in 'every single process' of JPMorgan’s operations, says CEO

cointelegraph.com JPMorgan CEO Jamie Dimon says artificial intelligence could be applied to “every single process” of his firm’s operations and may replace humans in certain roles. In an Oct.…

3.5-Day Workweek? JPMorgan CEO Jamie Dimon Predicts AI Could Make It Happen

forbes.com Jamie Dimon, CEO and chair at JPMorgan Chase, predicted that artificial intelligence will allow the next generation of workers to only work three and a half days a week in…

JPMorgan CEO Jamie Dimon Says AI Promises Healthier Future

pymnts.com Artificial intelligence (AI) is rapidly changing the way we work and live, JPMorgan Chase CEO Jamie Dimon said. In a Monday (Oct. 2) interview with Bloomberg TV, Dimon…

Jamie Dimon praises AI tech, saying JP Morgan could use it in ‘every single process’

cryptoslate.com Jamie Dimon, the CEO of JP Morgan Chase, praised various applications for artificial intelligence (AI) in an interview with Bloomberg on Oct. 2. Dimon called AI a “living,…

Dimon: Your Kids Will Work 3.5 Days a Week Thanks to AI

youtube.com Jamie Dimon said artificial intelligence is already being used by thousands of employees at his bank, and is likely to make dramatic improvements in workers’ quality of…

Dimon: JPMorgan Wants More VC and Startup Banking Clients

pymnts.com J.P. Morgan Chase reportedly wants to expand its startup and venture capital (VC) customer base. Speaking during a conference Monday (Oct. 2), CEO Jamie Dimon said the…

Oil Drops Below $90 as Sentiment Sours Ahead of Powell Speech

finance.yahoo.com Oil prices fell, with the US benchmark tumbling below $90 a barrel, as worries about further interest rate increases and a slowdown in the economy roiled broader markets. •…

Bonds’ Elevated Yields Look More Like an Opportunity than a Risk

barrons.com About the author: Larry Hatheway is a co-founder of Jackson Hole Economics, which originally published this commentary, and the former chief economist of UBS. Now that a…

R. Kiyosaki urges to ‘buy Bitcoin’ amid hyperinflation warnings

finbold.com Amid repeated predictions of an impending financial crisis, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has warned his followers about the…

‘Flashing Red Warning’

forbes.com Bitcoin and cryptocurrencies have struggled this year as the Federal Reserve piles pressure on markets—with some warning the pain could just be getting started. Subscribe…

Government Shutdown, Rate Hike Warnings And Jamie Dimon's Warning On Fed: This Week In Economics

benzinga.com As we wrap up another eventful week, let’s take a moment to revisit some of the most notable happenings. The week was rife with speculations around a potential government…

The fight over working from home goes global

economist.com R has a target on its back. Banking , like Jamie Dimon of JPMorgan Chase, are intent on making working from home a relic of the pandemic. For staff at America’s biggest…

Our early-adopters index examines how corporate America is deploying AI

economist.com T are having a bumper year. Despite a recent wobble, the share price of the Big Five—Alphabet, Amazon, Apple, Meta and Microsoft—has jumped by 60% since January, when…

Bill Ackman and Larry Fink see US Treasury yields hitting 5%: 'Like literally weeks'

finance.yahoo.com None Wall Street heavyweights Larry Fink and Bill Ackman see US Treasury yields reaching 5%. • None "That could happen in the very short-term," Ackman said. "Like literally…

BlackRock’s Larry Fink has called on leaders to inject more ‘hope’ into the economy to prevent a self-fulfilling recession

fortune.com BlackRock CEO Larry Fink is a legendary presence on Wall Street, but in his 50 years on the job, he’s “never” seen as much fear from consumers and businesses alike as he has…

Fed Engages In Shocking Seasonal Adjustments To Convert $92BN Bank Deposit Outflow Into $36BN Inflow

zerohedge.com Fed Engages In Shocking Seasonal Adjustments To Convert $92BN Bank Deposit Outflow Into $36BN Inflow Retail money-market fund inflows continued last week and usage of The…

Stocks, Bonds Shaken By September Turbulence Ahead Of Government Shutdown Deadline: The Week In The Markets - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), SPDR…

benzinga.com The U.S. stock market has weathered its toughest month of the year, with September adhering to its typical negative seasonality in terms of risk sentiment. Both the SPDR S&P…

How I'd Invest $2.5 Million Right Now

seekingalpha.com Our members have asked me for an update on my family's $2.5 million charity hedge fund. So here it is, along with an explanation for why I'm using the ZEUS Income Growth…

Jamie Dimon’s ‘Swimming Naked’ Riff Spooks Markets

forbes.com In a recent interview with the Times of India, JPMorgan Chase CEO Jamie Dimon warned that markets fearing higher U.S. yields haven’t seen anything yet. It’s concerning that…

BlackRock CEO: US Inflation at Unprecedented Levels in 30 Years

watcher.guru The U.S. recession has been the subject of numerous speculations. Various economists, financial institutions, and policymakers have been offering their insights on the…

Crypto Observers Warn of Risk Aversion as Oil Prices Top $93

finance.yahoo.com None Oil prices have jumped to new 2023 highs this quarter. • None Inflation could rebound with higher oil prices, forcing the Federal Reserve to continue raising rates, a…

Gold pounded to 9-mo. low on chart-based selling

kitco.com Gold prices are lower and hit a nine-month low in midday U.S. trading Thursday. Silver prices are slightly up. The near-term chart posture for the gold market has…

Slight price rebounds in gold, silver on short covering

kitco.com Gold and silver prices are just a bit firmer in early U.S. trading Thursday, after this week's solid selling pressure that drove December gold futures to a 6.5-month low…

Insider Today: A Google loophole exposed

businessinsider.com Justin Sullivan/Getty Images This post originally appeared in the Insider Today newsletter. You can sign up for Insider's daily newsletter here. Hey there! Yes, the 1-ounce…

‘Be Prepared’

forbes.com Bitcoin and other major cryptocurrencies—including ethereum and XRP —are currently braced for a "nightmare" Federal Reserve price scenario. Subscribe now to Forbes'…

Deals are coming back

aol.com Jefferies Financial Group (JEF) posted its first quarterly rise in investment banking revenue since the end of 2021. The results signal dealmaking on Wall Street may be past…

Sam Bankman-Fried talked crypto with Jerome Powell the same month that the Fed chair met with JPMorgan and Goldman Sachs CEOs

aol.com None Sam Bankman-Fried met with Jerome Powell last year to discuss crypto, per the NYT. • None Powell's other private-sector meetings that month were with top Wall Street…

On GOP debate stage, a sometimes oversimplified view of China’s economy

aol.com Florida Gov. Ron DeSantis called for “decoupling” the US economy from China. Vivek Ramaswamy said: “We need to declare independence from China.” And North Dakota Gov. Doug…

JPMorgan Chase to offer 6% interest rate for minimum of $5 million in high-end CD product: WSJ

marketwatch.com Those wealthy enough to park $5 million in a certificate of deposit for six months will earn a lofty 6% interest rate at JPMorgan Chase & Co., The Wall Street Journal…

JPMorgan CEO Warns of the Fed Raising Interest Rates to 7% With Stagflation

news.bitcoin.com JPMorgan Chase CEO Jamie Dimon has expressed concerns about the Federal Reserve potentially raising interest rates to 7% and that the U.S. economy could experience…

Bank of America CEO Brian Moynihan Expects Soft Landing for Economy

pymnts.com Bank of America Chairman and CEO Brian Moynihan reportedly said he believes that the economy is heading toward a soft landing, avoiding a recession. Speaking Wednesday…

Gold, silver getting hammered by rising bond yields, strong greenback

kitco.com Gold and silver prices are solidly lower in midday U.S. trading Wednesday, with December gold futures notching a 6.5-month low and dropping below psychological support at…

BofA CEO Moynihan: Fed ‘has won’ in quest for soft landing

finance.yahoo.com CEO Brian Moynihan says the Federal Reserve “has won” against inflation, but pressures like the strength of the US consumer may keep interest rates higher for longer.…

JPMorgan CEO Jamie Dimon warns the Russia-Ukraine war and other global clashes are the greatest threat to the world today

businessinsider.com JPMorgan CEO Jamie Dimon. Mark Lennihan/AP Be ready for energy prices to spike and interest rates to climb higher, Jamie Dimon said. The JPMorgan CEO warns geopolitical…

Rabo: "Public Opinion Seems To Be Shifting Behind The Striking Workers"

zerohedge.com Rabo: "Public Opinion Seems To Be Shifting Behind The Striking Workers" By Benjamin Picton, Senior Macro Strategist at Rabobank The Beatings Will Continue Until Morale…

Election 2024: Inflation, rising interest rates and take home pay

foxbusiness.com Just as the seven Republican candidates prepare to take the stage Wednesday for a primary debate hosted by FOX Business, the stock market is winding down a rough September…

Jamie Dimon says Americans should stop thinking of China as ‘a 10-foot giant’

fortune.com Geopolitical tensions are posing the biggest threat to the world since the Second World War, according to JPMorgan CEO Jamie Dimon—but he argued China isn’t as big a threat…

3 Mid-Cap Momentum Plays to Ride Into Q4

marketbeat.com As fall hayrides get into full swing, finding hot stocks has been like, well, finding a needle in a haystack. The S&P 500 entered this week on a three-week losing streak…

US Stocks Stumble as Consumer Confidence Dips and Bond Yields Rise

coinspeaker.com Coinspeaker US Stocks Stumble as Consumer Confidence Dips and Bond Yields Rise On Tuesday, September 27, the US stocks experienced a significant dip as bond yields inched up…

Jamie Dimon says Americans are on an economic ‘sugar high’

finance.yahoo.com Wall Street was spooked last week when the Federal Reserve said it would keep interest rates higher for longer than previously anticipated—but according to JPMorgan boss…

S&P 500 Gains and Losses Today: Index Plunges After Consumer Confidence, Home Sales Fall

investopedia.com U.S. equities sank, with the S&P 500 falling 1.5% to its lowest level since June, after reports on consumer confidence and new home sales came in below expectations. JP…

Bitcoin Price Retraces as Interest Rates Continue to Surge, But Bitcoin BSC Nears $6m Presale Hard Cap

cryptopotato.com Bitcoin’s (BTC) price continues to fall, with the coin now trading around the $26,250 level. Although Bitcoin is still up 57% year-to-date, its value has fallen…

JPMorgan CEO Jamie Dimon Says This Is the Number One Risk Threatening Global Economy

dailyhodl.com JPMorgan chief executive Jamie Dimon says that the global economy is facing a far greater risk than persistent inflation or high interest rates. In a new interview on CNBC…

Crypto’s Wild D.C. Ride: From FTX at the Fed to a Scramble for Access

nytimes.com FTX arranged for a meeting early last year between its founder, Sam Bankman-Fried, above in February, and Jerome H. Powell, the chair of the Federal Reserve. FTX’s demise…