JPMorgan CEO after overseas visit: China "not a 10-foot giant"

foxbusiness.com JPMorgan Chase CEO Jamie Dimon — fresh off a high-profile visit to Asia — told the media Tuesday that the Biden administration is on the right track when confronting the…

Charlie Javice, the founder of student loan assistance company Frank, appears in court over allegations she bought or invented email addresses to claim…

businessinsider.com Charlie Javice arrives at Manhattan federal court in New York City on June 6, 2023. Mike Segar/Reuters Charlie Javice, the founder of buzzy finance startup, Frank, appeared…

Jamie Dimon told House Democrats that Congress should ‘get rid of’ the debt ceiling, source says

edition.cnn.com During a closed-door lunch on Tuesday, JPMorgan Chase CEO Jamie Dimon told moderate House Democrats that Congress should abolish the debt ceiling, a person familiar with the…

More than 200 LGBTQ groups demand Target RESTOCK 'tuck-friendly' swimsuits and Pride merchandize

dailymail.co.uk More than 200 LGBTQ groups are demanding Target restock its controversial Pride merchandise and take a stand against 'extremists' within 24 hours. The Human Rights Campaign,…

The Treasury Department may issue $1.6 trillion in T-bills this year as it rebuilds its coffers after the debt ceiling deal

markets.businessinsider.com Janet Yellen. Andrew Harnik/AP The Treasury Department may issue $1.6 trillion in bills over the full year, Deutsche Bank said. That's as it looks to rebuild its cash…

'A revolutionary product': Here's what Wall Street is saying about Apple's new Vision Pro headset device that costs $3,499

markets.businessinsider.com Apple Vision Pro Apple Apple announced the Vision Pro, a $3,499 mixed-reality headset that will be released in early 2024. Wall Street is reacting to the device, with one…

4 big analyst picks: Ford upgraded to Buy, Uber initiated with Outperform rating By

investing.com Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at Ford, Comerica, and Valley National Bancorp, and initiation at Uber.…

Here's how much it pays to control the fortunes of America's wealthiest people

businessinsider.com anilakkus/Getty Images 40% of CIOs managing wealth for America's richest are being paid $1 million or more. Family offices in the US are increasingly managing more money…

80% of Metaverse Users Use Crypto, Paypal Survey Finds

blockworks.co A Paypal survey on the metaverse showed that 56% of respondents said that their use of crypto will increase over the next five years. The study defined the metaverse as “a…

Woke Target's $15B 'stunning collapse' should be a warning to CEOs: 'Shark Tank' star

foxnews.com Corporate boards long tasked with fiduciary responsibilities to their shareholders are scrutinizing how Target allowed itself to become embroiled in social scandal big…

JPMorgan flags some signs of emerging de-dollarisation

reuters.com Signs of de-dollarisation are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said on Monday, although the currency should maintain its…

Millennials With Student Loans to Lose 6.5% of Spending Power as Repayments Resume

pymnts.com Federal student loan payments are resuming after a three-year moratorium, putting a dent in millennial and Generation Z consumers’ disposable income. And major retailers are…

SEC sues Coinbase as pressure on crypto world rises

aol.com The Securities and Exchange Commission filed a lawsuit against cryptocurrency exchange Coinbase Global (COIN) as the regulator turns up its pressure on the crypto world. The…

De-dollarization signs are emerging as the greenback slides in currency reserves, JPMorgan says

markets.businessinsider.com Sutthipong Kongtrakool/ Getty Images Signs of de-dollarization are showing in FX and central bank reserves, JPMorgan said. But the dollar remains the dominant currency in…

JPMorgan assures investors Jamie Dimon has no plans to run for U.S. President

fortune.com Jamie Dimon has steered the world’s most valuable bank for over 17 years, through the maelstrom of the global financial crisis and a once-in-a-century pandemic. In the…

Media mogul Martha Stewart isn't a fan of remote work: 'You can't possibly get everything done working three days a week in the office and two days remotely'

businessinsider.com Domestic goddess Martha Stewart is jumping on the anti-remote work bandwagon. • 'You can't possibly get everything done working three days a week in the office and two days…

Turkey rate hike to 25% in June is ‘on the table’

arabnews.com NEW YORK: An interest rate hike to 25 percent from the current 8.5 percent is on the cards for Turkey’s Monetary Policy Committee’s upcoming meeting on June 22, “if not…

Jim Cramer's top 10 things to watch in the stock market Tuesday

cnbc.com My top 10 things to watch Tuesday, June 6 1. The federal government versus the crypto industry. The SEC before the bell Tuesday sues Coinbase (COIN), accusing the company of…

Elon Musk said Target should expect lawsuits over its Pride range for 'destruction of shareholder value'

businessinsider.com Justin Sullivan/Getty Images; Ludovic Marin/POOL/AFP via Getty Images Target should expect lawsuits from shareholders over its Pride range, Elon Musk said. The retailer's…

For Wall Street's newest interns, it's important to keep things in perspective no matter how things end up

businessinsider.com Hey there! Dan DeFrancesco in NYC, and here is further proof why you should never doubt Costco. Today, we've got stories on a talent exec at a massive finance firm detailing…

5 stock market trends to watch this summer: Morning Brief

finance.yahoo.com This is The Takeaway from today's Morning Brief, which you can sign up to receive in your inbox every Monday to Friday by 6:30 a.m. ET along with: • None The chart of the…

Nikkei Extends Record Run, Hang Seng Dips on China Recovery

asiafinancial.com Asian stocks wobbled on Tuesday as investors struggled to maintain recent momentum with uncertainty over the US Fed’s next rates move dampening the mood. China’s sluggish…

Dimon has 'no plans' to run for public office but hasn't ruled out public service

finance.yahoo.com CEO Jamie Dimon isn't planning to run for public office, but he hasn't ruled out public service after his time of running the nation's largest bank is done. The company…

Recession talk rages on despite robust jobs market

finance.yahoo.com If it seems as though we’ve been talking about a recession for about three years now, it’s because we have. “We’ve been talking about a recession since the pandemic hit,”…

JPMorgan predicts high demand for Bitcoin until April 2024

soft4bro.com JPMorgan predicts high demand for Bitcoin until April 2024 JPMorgan analysts predicted that retail traders' demand for Bitcoin will remain high until April 2024 The hulking…

If Jamie Dimon wants political office

nypost.com JPMorgan chief Jamie Dimon is America’s top banker, but he also wants to be the country’s commander in chief, I am told by people close to him. After steering the nation’s…

Restaurant chain Cava aims for $2.12 billion valuation in U.S. IPO

cnbc.com Cava Group, which operates a chain of Mediterranean fast-casual restaurants in the United States, said on Monday it is aiming for a valuation of up to $2.12 billion in its…

JPMorgan Report Says Retail Demand for Bitcoin Expected to Remain Strong as Halving Approaches

finance.yahoo.com JPMorgan Report Says Retail Demand for Bitcoin Expected to Remain Strong as Halving Approaches According to a research report by JPMorgan, retail demand for Bitcoin is…

JPMorgan to Work With Indian Banks on Blockchain-Based USD Settlement Platform

247wallst.com JPMorgan has formed a partnership with six banks in India to develop a blockchain-based settlement system to facilitate interbank dollar transactions. The initial project…

JPMorgan's Jamie Dimon to meet with group of US House Democrats

reuters.com JPMorgan Chase & Co (JPM.N) Chief Executive Officer Jamie Dimon will meet privately with a group of moderate House Democrats on Tuesday, with banking and the U.S. economy on…

Elon Musk Says Target Will Face Shareholder Lawsuits Amid Trans Controversy

zerohedge.com Elon Musk Says Target Will Face Shareholder Lawsuits Amid Trans Controversy Authored by Tom Ozimek via The Epoch Times (emphasis ours), As Target’s stock price has taken a…

Stock futures are down slightly on Monday evening after rally takes a breather: Live updates

cnbc.com A trader works as American flags are displayed on the floor of the New York Stock Exchange (NYSE) in New York Stock futures are modestly lower Monday night as investors are…

JPMorgan Launches Pilot Program for Blockchain Settlement System With Six Banks From India: Report

dailyhodl.com JPMorgan Chase & Co. is partnering with six Indian banks to launch a blockchain-based platform for settling interbank dollar transactions in New Delhi’s trading center.…

What Makes Morgan Stanley Asia’s Top Corporate Access Provider

institutionalinvestor.com Providers say the buyside’s appetite for on-the-ground access to corporates and policy makers across the region has never been higher amid a volatile year and reduced…

There’s a New Leader in Asia Sales

institutionalinvestor.com Because of this, investment in the region and market turnover has remained fairly subdued, said Sara Perring, head of Asia Pacific equities distribution at JPMorgan Chase.…

"Bad For America"

zerohedge.com "Bad For America" - Mid- & Big-Banks May Face 20% Jump In Capital Requirements U.S. regulators are preparing to force large banks to shore up their financial footing, moves…

The alt-right economy is failing. Here’s the real performance of anti-woke entrepreneurs

finance.yahoo.com In commenting on Bob Iger’s defense of Disney's values and brand in the face of threats from Florida Governor DeSantis, Nike CEO John Donahoe said, “I think Bob’s doing a…

Office owners refuse to accept that their buildings are worth less. It means a commercial-real-estate recovery may be slower

businessinsider.com A vacant office building in Melville, New York. Photo by Howard Schnapp/Newsday RM via Getty Images Commercial property investment volume plummeted in the first quarter.…

JP Morgan's Jamie Dimon bows to Beijing

washingtonexaminer.com CEO of JP Morgan Chase and former board member of the Federal Reserve Bank of New York, Jamie Dimon is recognized as the nation’s preeminent banker. Since 2005, when he…

JPMorgan teams up with six Indian banks to build a blockchain-based platform

coinjournal.net The blockchain-based platform is aimed at settling interbank dollar transactions. The move is part of the Indian government’s strategy to elevate GIFT City to the League of…

Target shares hit with another downgrade

foxbusiness.com Target was hit with another downgrade as the stock sits near a three-year low after having lost over $12.4 billion in lost market value stemming from their Pride merchandise…

Jamie Dimon, America’s top banker, has 'no plans’ to run for office

cnbc.com JPMorgan Chase CEO Jamie Dimon talks to reporters as he leaves the U.S. Capitol after an unannounced meeting with U.S. Senate Majority Leader Schumer that was reportedly…

JPMorgan CEO Jamie Dimon Won’t Run For Office, Bank Says

forbes.com JPMorgan Chase CEO Jamie Dimon “has no plans” to run for office, the bank told Reuters and Bloomberg Monday, after Dimon didn’t rule out a political run in an interview last…

Morgan Stanley Says S&P 500 Will Slide 9% By Year's End--But These Stocks Could Weather The Storm

forbes.com The S&P 500 will soon wipe out all of its year-to-date gains as the market properly prices in the weak macro environment, Morgan Stanley strategists said in a Monday note to…

Cryptocurrency Prices And News: Bitcoin Slides; Elon Musk's Dogecoin Puppy Love Is On The Rocks

investors.com Cryptocurrency News: Bitcoin faded back below $27,000 early Monday after holding above the level over the weekend. Ethereum retreated as cryptocurrency prices flashed red.…

China Quants Banking on AI to Gain Hedge Funds Edge

asiafinancial.com Chinese quant hedge fund managers are turning to ChatGPT-style tools to aid decision-making, as China’s post-Covid recovery wanes and competition rises in the country’s 20…

JPMorgan: Bitcoin Retail Demand Will Continue to Remain Strong before Halving

coinspeaker.com Coinspeaker JPMorgan: Bitcoin Retail Demand Will Continue to Remain Strong before Halving After a strong start to the year 2023, Bitcoin (BTC) has been facing some selling…

JPMorgan Leverages Blockchain for Dollar Trades, Cites Strong Bitcoin Demand

beincrypto.com JPMorgan has partnered with Indian banks to settle dollar transactions using the blockchain. Meanwhile, the bank also believes there will be a surge in Bitcoin (BTC) demand…

After the turmoil in regional banks, here comes new regulation

businessinsider.com The failure of First Republic, following that of Silicon Valley Bank and Signature, shook the industry. Justin Sullivan/Getty Images Biggest US banks could see 20% boost in…

JPMorgan uses blockchain for 24/7 dollar transfers with Indian banks

cointelegraph.com Global financial services company JPMorgan continues exploring the benefits of blockchain, deploying the technology to eliminate some restraints of traditional finance. The…

Six Indian banks to use JPMorgan’s Onyx blockchain to settle dollar trades

cryptoslate.com JPMorgan Chase & Co is launching a pilot project on June 5 that will enable banks to settle interbank dollar transactions on a blockchain-based platform, Bloomberg reported…