6 days ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Washington has a way of making the economy feel good. But Jamie Dimon wants Americans to look at what's fueling the high.
Speaking at the Economic Club of Chicago earlier this month, the CEO of JPMorgan Chase (NYSE: JPM) compared government spending to a powerful drug — one that can boost corporate profits while setting the stage for a painful aftermath.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
#moneywise #finance
Washington has a way of making the economy feel good. But Jamie Dimon wants Americans to look at what's fueling the high.
Speaking at the Economic Club of Chicago earlier this month, the CEO of JPMorgan Chase (NYSE: JPM) compared government spending to a powerful drug — one that can boost corporate profits while setting the stage for a painful aftermath.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
A single line on your car insurance policy could be inflating your premium by up to 30% — here's what to change
#moneywise #finance
29 days ago
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
For workers wondering how far artificial intelligence could go, JPMorgan Chase CEO Jamie Dimon has a straightforward answer — AI is going to change the job market, whether people are ready for it or not. Some jobs will disappear, others will change and new ones will likely emerge. But Dimon warned that the speed of that transition could matter just as much as the technology itself.
"As a business person, my view is don't put your head in the sand," Dimon said at the World Economic Forum's annual meeting in Davos, Switzerland, in January. "It is what it is. We're going to deploy it. Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably."
Don't Miss:
Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100.
#earn #benzinga #chase
For workers wondering how far artificial intelligence could go, JPMorgan Chase CEO Jamie Dimon has a straightforward answer — AI is going to change the job market, whether people are ready for it or not. Some jobs will disappear, others will change and new ones will likely emerge. But Dimon warned that the speed of that transition could matter just as much as the technology itself.
"As a business person, my view is don't put your head in the sand," Dimon said at the World Economic Forum's annual meeting in Davos, Switzerland, in January. "It is what it is. We're going to deploy it. Will it eliminate jobs? Yes. Will it change jobs? Yes. Will it add some jobs? Probably."
Don't Miss:
Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's how you can earn passive income with just $100.
#earn #benzinga #chase
29 days ago
Jamie Dimon has spent much of this year warning that the bond market is a problem waiting to happen. On April 28, at a conference hosted by Norway's sovereign wealth fund, the JPMorgan Chase CEO said there would be "some kind of bond crisis," according to TheStreet.
The debt he had in mind was mostly owed by governments. But Dimon has long argued that the pain lands somewhere else.
In a 2025 Fox Business interview, he said bond market volatility hurts the people raising money, small businesses included. He admitted he could not tell whether trouble was six months or six years away. This time, he named the next group in line.
Also read: Scott Bessent just made a bold move on the bond market
Speaking on the sidelines of a JPMorgan event in London on Oct. 6, Dimon said the worldwide scramble for capital could begin to squeeze corporate borrowers, Bloomberg reported. Investors will keep asking for more, he said. At some point, that feeds into corporate debt and credit spreads.
#debt
The debt he had in mind was mostly owed by governments. But Dimon has long argued that the pain lands somewhere else.
In a 2025 Fox Business interview, he said bond market volatility hurts the people raising money, small businesses included. He admitted he could not tell whether trouble was six months or six years away. This time, he named the next group in line.
Also read: Scott Bessent just made a bold move on the bond market
Speaking on the sidelines of a JPMorgan event in London on Oct. 6, Dimon said the worldwide scramble for capital could begin to squeeze corporate borrowers, Bloomberg reported. Investors will keep asking for more, he said. At some point, that feeds into corporate debt and credit spreads.
#debt
1 month ago
JPMorgan Chase (JPM) CEO Jamie Dimon sharpened his warning about the risks of a global bond sell-off on Tuesday, saying the world's massive competition for capital could begin squeezing corporate borrowers.
Dimon warned that the combination of rising government borrowing costs and spending on the AI boom could spill into corporate credit markets, pushing up the costs for companies to refinance or raise new debt.
"There will be a point where the market will ask for more and more and more, and yeah, at one point that'll feed into corporate debt, corporate credit spreads, and things like that, which is how it normally happens," Dimon said in a Bloomberg interview on the sidelines of a JPMorgan event in London.
"The best thing to do with any of these things is deal with it before it becomes a crisis. If it becomes a crisis, we will deal with it. It just will be in a much less pleasant way," he added.
The warning comes as a global rout in bonds has pushed longer-term borrowing costs sharply higher in recent weeks, with the benchmark US 10-year Treasury yield recently surpassing heights not seen since 2002.
#credit
Dimon warned that the combination of rising government borrowing costs and spending on the AI boom could spill into corporate credit markets, pushing up the costs for companies to refinance or raise new debt.
"There will be a point where the market will ask for more and more and more, and yeah, at one point that'll feed into corporate debt, corporate credit spreads, and things like that, which is how it normally happens," Dimon said in a Bloomberg interview on the sidelines of a JPMorgan event in London.
"The best thing to do with any of these things is deal with it before it becomes a crisis. If it becomes a crisis, we will deal with it. It just will be in a much less pleasant way," he added.
The warning comes as a global rout in bonds has pushed longer-term borrowing costs sharply higher in recent weeks, with the benchmark US 10-year Treasury yield recently surpassing heights not seen since 2002.
#credit
2 months ago
US stocks were mixed on Friday as investors continued to calibrate to the Federal Reserve's first rate hike in three years and existential fears about artificial intelligence's capabilities.
The tech-heavy Nasdaq Composite (^IXIC) rose 0.4% but ended the week in green. Meanwhile, the S&P 500 (^GSPC) rose 0.2% but eked out a loss for the week. The Dow Jones Industrial Average (^DJI) was down 0.2% and lost more than 1.5% for the week.
The 10-year Treasury yield (^TNX) rose 5 basis points to hover near the 5% level as traders increased bets that the Fed will raise rates again in October.
Markets appeared to look past the Fed's 25 basis point rate hike this week, which was widely expected. US stock continued to climb after the Bank of ***** an raised interest rates to the highest level in 31 years.
However, ***** ysts and top CEOs aren't convinced that one rate hike (by the Fed) will be enough to bring down stubbornly high inflation. "It's not clear to me we've slayed inflation," JPMorgan Chase CEO Jamie Dimon told Yahoo Finance this week.
#week #years #down #level
The tech-heavy Nasdaq Composite (^IXIC) rose 0.4% but ended the week in green. Meanwhile, the S&P 500 (^GSPC) rose 0.2% but eked out a loss for the week. The Dow Jones Industrial Average (^DJI) was down 0.2% and lost more than 1.5% for the week.
The 10-year Treasury yield (^TNX) rose 5 basis points to hover near the 5% level as traders increased bets that the Fed will raise rates again in October.
Markets appeared to look past the Fed's 25 basis point rate hike this week, which was widely expected. US stock continued to climb after the Bank of ***** an raised interest rates to the highest level in 31 years.
However, ***** ysts and top CEOs aren't convinced that one rate hike (by the Fed) will be enough to bring down stubbornly high inflation. "It's not clear to me we've slayed inflation," JPMorgan Chase CEO Jamie Dimon told Yahoo Finance this week.
#week #years #down #level
2 months ago
Jamie Dimon has an impressive net worth of $3.2 billion and is the CEO of the largest bank in the U.S. — JPMorgan Chase. But it wasn't all smooth sailing to get to the position he is in today.
Back in 1998, when Dimon was 42 years old, he was asked to step down from his role as the president of Citigroup, despite the expectation that he would become CEO of the company under the tutelage of Sanford I. Weill and John S. Reed, Citigroup's co-chief executives.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#dimon #chase #john
Back in 1998, when Dimon was 42 years old, he was asked to step down from his role as the president of Citigroup, despite the expectation that he would become CEO of the company under the tutelage of Sanford I. Weill and John S. Reed, Citigroup's co-chief executives.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
The tax breaks in Trump's 'big beautiful bill' expire after 2028. Here are 4 moves to make before the window closes
#dimon #chase #john
2 months ago
US stocks wavered on Friday morning as investors continued to calibrate to the Federal Reserve's first rate hike in three years and existential fears about artificial intelligence's capabilities.
The tech-heavy Nasdaq Composite (^IXIC) traded flat, while the S&P 500 (^GSPC) fell 0.1%. The Dow Jones Industrial Average (^DJI) was down 0.3%.
The 10-year Treasury yield (^TNX) rose 5 basis points to 5% on Friday as traders increased bets that the Fed will raise rates again in October.
Markets appeared to look past the Fed's 25 basis point rate hike this week, which was widely expected. US stock continued to climb after the Bank of ******* an raised interest rates to the highest level in 31 years.
However, ******* ysts and top CEOs aren't convinced that one rate hike (by the Fed) will be enough to bring down stubbornly high inflation. "It's not clear to me we've slayed inflation," JPMorgan Chase CEO Jamie Dimon told Yahoo Finance this week.
#down
The tech-heavy Nasdaq Composite (^IXIC) traded flat, while the S&P 500 (^GSPC) fell 0.1%. The Dow Jones Industrial Average (^DJI) was down 0.3%.
The 10-year Treasury yield (^TNX) rose 5 basis points to 5% on Friday as traders increased bets that the Fed will raise rates again in October.
Markets appeared to look past the Fed's 25 basis point rate hike this week, which was widely expected. US stock continued to climb after the Bank of ******* an raised interest rates to the highest level in 31 years.
However, ******* ysts and top CEOs aren't convinced that one rate hike (by the Fed) will be enough to bring down stubbornly high inflation. "It's not clear to me we've slayed inflation," JPMorgan Chase CEO Jamie Dimon told Yahoo Finance this week.
#down
2 months ago
Surrounding yourself with a bunch of yes-men is not a recipe for success—at least according to AT&T CEO John Stankey. Instead, he wants employees to come to meetings prepared to share their ideas and perspectives—not simply sit back and listen.
"I love discourse," Stankey said in a recent joint interview with JPMorgan Chase CEO Jamie Dimon hosted by LinkedIn. The telecommunications executive added that one of the principles in his company's cultural documents is to not show up to meetings without having done your homework.
"Don't walk in there and just be an observer," Stankey said. "When you have a point of view, it shouldn't just be some uninformed opinion. It should be a point of view that's built on facts, information, and data. I crave that."
If employees aren't willing to speak up—or don't have a constructive point to make—Stankey suggested there may not be the right people in the room.
Dimon has similarly emphasized the importance of making sure meetings are both necessary and productive. Leaders should create an environment where employees aren't afraid to disagree or raise uncomfortable issues in meetings—even if that means putting the proverbial "dead cat on the table," he said.
#stankey #view
"I love discourse," Stankey said in a recent joint interview with JPMorgan Chase CEO Jamie Dimon hosted by LinkedIn. The telecommunications executive added that one of the principles in his company's cultural documents is to not show up to meetings without having done your homework.
"Don't walk in there and just be an observer," Stankey said. "When you have a point of view, it shouldn't just be some uninformed opinion. It should be a point of view that's built on facts, information, and data. I crave that."
If employees aren't willing to speak up—or don't have a constructive point to make—Stankey suggested there may not be the right people in the room.
Dimon has similarly emphasized the importance of making sure meetings are both necessary and productive. Leaders should create an environment where employees aren't afraid to disagree or raise uncomfortable issues in meetings—even if that means putting the proverbial "dead cat on the table," he said.
#stankey #view
2 months ago
With great certainty, I can say there will be a bear market. What I can't tell you is when, though I expect one sooner than later. Right now, with the market trading near all-time highs, investors appear to be shrugging off a lot of bad news. Even JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon has been offering warnings about the increasing risk of a downturn, so I'm not going out on a limb here. But if there is a bear market ahead, now or in a more distant future, the smartest investors prepare before the inevitable downturn.
I've lived through numerous bear markets, including the very deep dot-com crash and the Great Recession, when there were legitimate concerns about the stability of the global financial system. When stock prices fall day after day, week after week, month after month, and year after year, it is hard not to panic. You are watching your wealth slip away little by little and, at some point, you feel like you need to stop the bleeding before you lose it all.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
There are no free lunches on Wall Street, as the old saying goes. You have to take the good with the bad. And bear markets are part of that story, but, historically, they've always been followed by new bull markets. You may feel like the bleeding will never stop, but history says it will. And that the market will eventually post even higher highs.
So the big thing you need to do is remember the history, so you have the wherewithal not to panic and follow the crowd. A really simple approach is to buy a low-cost S&P 500 index fund, such as Vanguard S&P 500 ETF (NYSEMKT: VOO) and its 0.03% expense ratio, and just keep buying. Right through the downturn, as well, since you'll be able to buy more shares of the exchange-traded fund (ETF) while they are cheap. That's known as dollar-cost averaging, and it can be a very powerful wealth-creation tool.
#NVIDIA #right
I've lived through numerous bear markets, including the very deep dot-com crash and the Great Recession, when there were legitimate concerns about the stability of the global financial system. When stock prices fall day after day, week after week, month after month, and year after year, it is hard not to panic. You are watching your wealth slip away little by little and, at some point, you feel like you need to stop the bleeding before you lose it all.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
There are no free lunches on Wall Street, as the old saying goes. You have to take the good with the bad. And bear markets are part of that story, but, historically, they've always been followed by new bull markets. You may feel like the bleeding will never stop, but history says it will. And that the market will eventually post even higher highs.
So the big thing you need to do is remember the history, so you have the wherewithal not to panic and follow the crowd. A really simple approach is to buy a low-cost S&P 500 index fund, such as Vanguard S&P 500 ETF (NYSEMKT: VOO) and its 0.03% expense ratio, and just keep buying. Right through the downturn, as well, since you'll be able to buy more shares of the exchange-traded fund (ETF) while they are cheap. That's known as dollar-cost averaging, and it can be a very powerful wealth-creation tool.
#NVIDIA #right
2 months ago
JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon is very clearly telling investors that they need to start worrying. In his company's second-quarter earnings release, he highlighted geopolitical tensions, inflation, fiscal deficits, and elevated ****** et prices as areas of concern. And, in an interview with CNBC, he noted that margin debt is at an all-time high. That last one could lead to a downward spiral that breaks the bull market. Here's what you need to know.
What's interesting in the list of concerns Jamie Dimon outlined in his company's second-quarter earnings is that ****** et prices are elevated despite the other negatives. Now, there is an old saying on Wall Street that the market climbs a wall of worry, so perhaps you could dismiss this situation. But when you add in record levels of margin debt to the equation, the story takes a very different turn.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Margin debt is a loan from a broker that is backed by an investor's portfolio. While the loan can be used for any purpose the investor would like (buying a car, for example), most use the money to buy additional investments. The loan risk isn't significant because it is backed by the portfolio. However, the broker will require the investor to maintain a certain amount of collateral to keep the loan open. This is where things get interesting.
Modest margin debt is unlikely to be a big issue. But if an investor uses margin loans aggressively, even a modest decline in stock prices could leave them with too little collateral. That would trigger a margin call, in which the broker demands additional collateral. The investor could just add cash to the account, but in most situations, the solution is to sell stocks. (If the investor doesn't provide additional collateral quickly enough, the broker will step in and sell stocks from the account.)
#investor #broker #prices #additional
What's interesting in the list of concerns Jamie Dimon outlined in his company's second-quarter earnings is that ****** et prices are elevated despite the other negatives. Now, there is an old saying on Wall Street that the market climbs a wall of worry, so perhaps you could dismiss this situation. But when you add in record levels of margin debt to the equation, the story takes a very different turn.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Margin debt is a loan from a broker that is backed by an investor's portfolio. While the loan can be used for any purpose the investor would like (buying a car, for example), most use the money to buy additional investments. The loan risk isn't significant because it is backed by the portfolio. However, the broker will require the investor to maintain a certain amount of collateral to keep the loan open. This is where things get interesting.
Modest margin debt is unlikely to be a big issue. But if an investor uses margin loans aggressively, even a modest decline in stock prices could leave them with too little collateral. That would trigger a margin call, in which the broker demands additional collateral. The investor could just add cash to the account, but in most situations, the solution is to sell stocks. (If the investor doesn't provide additional collateral quickly enough, the broker will step in and sell stocks from the account.)
#investor #broker #prices #additional
3 months ago
Jamie Dimon says US economic and military strength underpins the dollar's reserve status.
The US made a mistake relying on China for critical materials.
The Iran war shows the US isn't ready for a prolonged war.
The dollar could eventually lose its status as the world's reserve currency if the US fails to maintain its economic and military dominance, JPMorgan Chase CEO Jamie Dimon said.
"If we're not the strongest military in 25 years and the strongest economy, we won't be the reserve currency either," Dimon said on PBS' "Firing Line with Margaret Hoover," which aired over the weekend.
#reserve #jamie #economic
The US made a mistake relying on China for critical materials.
The Iran war shows the US isn't ready for a prolonged war.
The dollar could eventually lose its status as the world's reserve currency if the US fails to maintain its economic and military dominance, JPMorgan Chase CEO Jamie Dimon said.
"If we're not the strongest military in 25 years and the strongest economy, we won't be the reserve currency either," Dimon said on PBS' "Firing Line with Margaret Hoover," which aired over the weekend.
#reserve #jamie #economic
3 months ago
It seems hardly a month has gone by this year without a popular fast-food chain announcing it is closing stores. That continues to be true for August.
Most Read from Fast Company
Your smartphone is changing your body. Doctors say most people don't know it's happening
Dozens hospitalized as dual salmonella outbreaks spread to more than 30 states. Avoid these products
JPMorgan CEO Jamie Dimon says playing this game as a child helped develop his legendary investing skills
#doctors
Most Read from Fast Company
Your smartphone is changing your body. Doctors say most people don't know it's happening
Dozens hospitalized as dual salmonella outbreaks spread to more than 30 states. Avoid these products
JPMorgan CEO Jamie Dimon says playing this game as a child helped develop his legendary investing skills
#doctors
3 months ago
Family game nights are often an excuse to relax, blow off steam and have fun. Unless, perhaps, you're Jamie Dimon.
The 70-year-old chairman and CEO of JPMorgan Chase recently revealed on an episode of The Master Investor Podcast with Wilfred Frost that, as a kid, he played an investing game with his dad that makes Monopoly sound as quaint as Go Fish.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#game #actually
The 70-year-old chairman and CEO of JPMorgan Chase recently revealed on an episode of The Master Investor Podcast with Wilfred Frost that, as a kid, he played an investing game with his dad that makes Monopoly sound as quaint as Go Fish.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake. Here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#game #actually
3 months ago
By Nupur Anand
NEW YORK, Aug 5 (Reuters) - JPMorgan Chase CEO Jamie Dimon is urging corporate leaders to join a U.S.-focused industry group to address risks posed by AI, as corporate America rapidly adopts the developing technology, two sources familiar with the matter said.
Dimon has personally reached out to CEOs of other large and major regional banks and IT companies to enlist them in the initiative, which he is expanding from a group that JPM helped found called the Alliance for Critical Infrastructure, the sources said.
The ACI and Dimon have also communicated with other prospective members in an effort to schedule calls in August to discuss collaboration, the sources said.
The outreach, which started in July, includes over 40 companies spanning financial services, energy, water, utilities, telecommunications, airlines, railroads and other critical infrastructure industries that rely heavily on technology, the sources said. The ACI has not disclosed results of the effort so far.
#dimon #critical #corporate #Companies
NEW YORK, Aug 5 (Reuters) - JPMorgan Chase CEO Jamie Dimon is urging corporate leaders to join a U.S.-focused industry group to address risks posed by AI, as corporate America rapidly adopts the developing technology, two sources familiar with the matter said.
Dimon has personally reached out to CEOs of other large and major regional banks and IT companies to enlist them in the initiative, which he is expanding from a group that JPM helped found called the Alliance for Critical Infrastructure, the sources said.
The ACI and Dimon have also communicated with other prospective members in an effort to schedule calls in August to discuss collaboration, the sources said.
The outreach, which started in July, includes over 40 companies spanning financial services, energy, water, utilities, telecommunications, airlines, railroads and other critical infrastructure industries that rely heavily on technology, the sources said. The ACI has not disclosed results of the effort so far.
#dimon #critical #corporate #Companies
3 months ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Jamie Dimon is getting more bearish on the stock market.
The CEO of JPMorgan Chase (NYSE:JPM) and one of the most influential voices in finance says he would not buy either stocks or U.S. Treasuries at current prices. More importantly, he said investors are ignoring some significant threats to the market.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
#jpmorgan #finance #moneywise #dimon
Jamie Dimon is getting more bearish on the stock market.
The CEO of JPMorgan Chase (NYSE:JPM) and one of the most influential voices in finance says he would not buy either stocks or U.S. Treasuries at current prices. More importantly, he said investors are ignoring some significant threats to the market.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
#jpmorgan #finance #moneywise #dimon
3 months ago
JPMorgan Chase(NYSE: JPM) CEO Jamie Dimon recently gave a provocative interview with a CNBC podcast. On Monday, Dimon effectively said that he wouldn't buy most stocks right now at today's high valuations.
Even if Dimon is somewhat bearish on the stock market, that doesn't mean everyday investors should be. For one thing, Jamie Dimon is a billionaire, and he's getting closer to retirement; his investment goals and time horizon are probably a lot different from yours. And perhaps even more important: No one knows how to time the market, not even the CEOs of major banks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Even if you share Dimon's concerns that some stock valuations are too high, that doesn't mean you should stop investing. Let's look at three exchange-traded funds (ETFs) that might be good choices for non-billionaire, long-term investors.
Even if valuations are high, it's almost always a good idea for long-term investors to keep buying a broadly diversified stock market index fund like the Vanguard Total Stock Market ETF (NYSEMKT: VTI). This Vanguard ETF holds a portfolio of 3,531 U.S. stocks of companies of all sizes (large cap, mid cap, and small cap) and charges an ultralow expense ratio of 0.03%.
#dimon #market
Even if Dimon is somewhat bearish on the stock market, that doesn't mean everyday investors should be. For one thing, Jamie Dimon is a billionaire, and he's getting closer to retirement; his investment goals and time horizon are probably a lot different from yours. And perhaps even more important: No one knows how to time the market, not even the CEOs of major banks.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Even if you share Dimon's concerns that some stock valuations are too high, that doesn't mean you should stop investing. Let's look at three exchange-traded funds (ETFs) that might be good choices for non-billionaire, long-term investors.
Even if valuations are high, it's almost always a good idea for long-term investors to keep buying a broadly diversified stock market index fund like the Vanguard Total Stock Market ETF (NYSEMKT: VTI). This Vanguard ETF holds a portfolio of 3,531 U.S. stocks of companies of all sizes (large cap, mid cap, and small cap) and charges an ultralow expense ratio of 0.03%.
#dimon #market
4 months ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Despite — or maybe because of — volatile markets and increasing consumer costs, the nation's largest banks continued to post strong profits in their second-quarter earnings, showing that the banking sector remains resilient even as concerns about the economy persist (1). But JPMorgan Chase, at least, is still preparing for a possible recession.
During JPMorgan's earnings call earlier this year, Chairman and CEO Jamie Dimon declined to predict whether the U.S. was heading for a recession (2); however, he has repeatedly warned that whenever the next credit cycle arrives, losses on leveraged lending are likely to be "worse than people expect relative to the scenario."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
#jpmorgan #recession #wealth
Despite — or maybe because of — volatile markets and increasing consumer costs, the nation's largest banks continued to post strong profits in their second-quarter earnings, showing that the banking sector remains resilient even as concerns about the economy persist (1). But JPMorgan Chase, at least, is still preparing for a possible recession.
During JPMorgan's earnings call earlier this year, Chairman and CEO Jamie Dimon declined to predict whether the U.S. was heading for a recession (2); however, he has repeatedly warned that whenever the next credit cycle arrives, losses on leveraged lending are likely to be "worse than people expect relative to the scenario."
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
JPMorgan still sees gold hitting $5,000/oz by Q4 — and savvy investors are protecting their wealth with a tax-advantaged Gold IRA. Learn more with a free guide from Priority Gold
#jpmorgan #recession #wealth
4 months ago
Jamie Dimon is getting more bearish on the stock market.
The CEO of JPMorgan Chase (NYSE:JPM) and one of the most influential voices in finance says he would not buy either stocks or U. S. Treasuries at current prices. And investors, he added, are ignoring some significant threats to the market.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#stocks
The CEO of JPMorgan Chase (NYSE:JPM) and one of the most influential voices in finance says he would not buy either stocks or U. S. Treasuries at current prices. And investors, he added, are ignoring some significant threats to the market.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#stocks
4 months ago
Earlier this month, JPMorgan Chase CEO Jamie Dimon pointed to shipbuilding as an example of the modern American Dream: a career where workers can earn six-figure salaries after just a few years of training while helping rebuild a critical piece of U.S. infrastructure. And while on paper, it's an attractive proposition—in practice, it might be a much harder sell.
Shipyard jobs often require long shifts, physically demanding labor, and spending hours outdoors in extreme heat, cold, or rain. Those conditions have contributed to chronic worker shortages that defense leaders say threaten the country's ability to expand naval production.
Attrition rates among shipyard workers have historically ranged from 20% to 22%, Eric Labs, the Congressional Budget Office's senior **** yst for naval forces and weapons, told National Defense last year. In some high-demand skilled trades, turnover can exceed 30%. By comparison, one survey found the average voluntary turnover rate in the U.S. to be 13.0% between 2024 and 2025.
"There is no way to improve the condition of the shipbuilding industrial base with attrition rates that high," Labs said.
Former Navy Secretary John Phelan has argued pay is a main part of the equation—when workers can earn a similar amount without those dangers.
#naval #high
Shipyard jobs often require long shifts, physically demanding labor, and spending hours outdoors in extreme heat, cold, or rain. Those conditions have contributed to chronic worker shortages that defense leaders say threaten the country's ability to expand naval production.
Attrition rates among shipyard workers have historically ranged from 20% to 22%, Eric Labs, the Congressional Budget Office's senior **** yst for naval forces and weapons, told National Defense last year. In some high-demand skilled trades, turnover can exceed 30%. By comparison, one survey found the average voluntary turnover rate in the U.S. to be 13.0% between 2024 and 2025.
"There is no way to improve the condition of the shipbuilding industrial base with attrition rates that high," Labs said.
Former Navy Secretary John Phelan has argued pay is a main part of the equation—when workers can earn a similar amount without those dangers.
#naval #high
4 months ago
J.P. Morgan Chase CEO Jamie Dimon says he is against investing his personal wealth any further into long-dated Treasury bills because of the potential for a bond market crisis brought on by the U.S.'s $39 trillion in national debt.
Dimon has continually lobbied policymakers to take action over the debt—and they have continually disappointed him.
In an appearance on the Master Investor podcast, Dimon was asked whether he would be a buyer of long-dated government bonds at the moment. "Personally, no," he responded. "I know that the inflation numbers were good yesterday … the thing about numbers, you dig into these numbers, I mean really dig into them, and I wouldn't give them too much credence."
He continued: "I would not be a buyer, and part of it is interest rates … I mean even if inflation was 2%, the 10-year bond should probably be at 4.5% to 4%, and the short rate should be 3.25% to 3.5%—and they're almost there today."
Dimon is speaking about the headwinds that will shape yields on government bonds on the longer end: Inflation expectations and government borrowing.
Long-term Treasuries—10-, 20-, or 30-year bills—behave as a temperature check for the economic outlook. As well as baking in inflation expectations, yields (or returns) on longer-term Treasuries provide lenders with benchmark rates for their loans: The low-risk ******* et of government borrowing, versus the interest repayments consumers are paying.
As such, these yields are reflected in the rates offered to borrowers elsewhere in the economy—think houses, cars, and credit cards.
#government #bills
Dimon has continually lobbied policymakers to take action over the debt—and they have continually disappointed him.
In an appearance on the Master Investor podcast, Dimon was asked whether he would be a buyer of long-dated government bonds at the moment. "Personally, no," he responded. "I know that the inflation numbers were good yesterday … the thing about numbers, you dig into these numbers, I mean really dig into them, and I wouldn't give them too much credence."
He continued: "I would not be a buyer, and part of it is interest rates … I mean even if inflation was 2%, the 10-year bond should probably be at 4.5% to 4%, and the short rate should be 3.25% to 3.5%—and they're almost there today."
Dimon is speaking about the headwinds that will shape yields on government bonds on the longer end: Inflation expectations and government borrowing.
Long-term Treasuries—10-, 20-, or 30-year bills—behave as a temperature check for the economic outlook. As well as baking in inflation expectations, yields (or returns) on longer-term Treasuries provide lenders with benchmark rates for their loans: The low-risk ******* et of government borrowing, versus the interest repayments consumers are paying.
As such, these yields are reflected in the rates offered to borrowers elsewhere in the economy—think houses, cars, and credit cards.
#government #bills
4 months ago
Jamie Dimon is getting more bearish on the stock market.
The CEO of JPMorgan Chase (NYSE:JPM) and one of the most influential voices in finance says he would not buy either stocks or U. S. Treasuries at current prices. And investors, he added, are ignoring some significant threats to the market.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#actually
The CEO of JPMorgan Chase (NYSE:JPM) and one of the most influential voices in finance says he would not buy either stocks or U. S. Treasuries at current prices. And investors, he added, are ignoring some significant threats to the market.
Jeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being one
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's what it is and 3 simple steps to fix it ASAP
Millionaires under 43 hold only 25% of their wealth in stocks. Here's where their money is actually going
#actually
4 months ago
The market got great news from the big banks this week. All five of the largest U.S. banks reported second-quarter earnings on Tuesday, and they were almost uniformly outstanding. But although the U.S. consumer appears healthy, it was market-related activity like initial public offerings (IPOs) that really stood out.
JPMorgan Chase (NYSE: JPM) and Goldman Sachs (NYSE: GS) led the earnings parade as the two top investment banks in the country, and these divisions drove high growth in the quarter; investment banking revenue increased 45% year over year at JPMorgan Chase and 55% at Goldman Sachs.
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CEOs at both banks said they see more opportunity around the corner, with artificial intelligence (AI) playing a big role. In fact, JPMorgan Chase CEO Jamie Dimon said he thinks AI spend is going to reach $1 trillion next year.
On the second-quarter earnings call, Dimon posited that total capital expenditure is about $4 trillion, with AI representing a massive amount. "AI went from $400 billion last year to $700 billion this year," he said. "People project, which so do our people, it will be like a little over a trillion next year and maybe a little reduction in the non-AI capex."
JPMorgan Chase (NYSE: JPM) and Goldman Sachs (NYSE: GS) led the earnings parade as the two top investment banks in the country, and these divisions drove high growth in the quarter; investment banking revenue increased 45% year over year at JPMorgan Chase and 55% at Goldman Sachs.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
CEOs at both banks said they see more opportunity around the corner, with artificial intelligence (AI) playing a big role. In fact, JPMorgan Chase CEO Jamie Dimon said he thinks AI spend is going to reach $1 trillion next year.
On the second-quarter earnings call, Dimon posited that total capital expenditure is about $4 trillion, with AI representing a massive amount. "AI went from $400 billion last year to $700 billion this year," he said. "People project, which so do our people, it will be like a little over a trillion next year and maybe a little reduction in the non-AI capex."
4 months ago
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Jamie Dimon, CEO of JPMorgan Chase & Co., has announced a $24 million initiative aimed at rejuvenating the American shipbuilding industry.
Dimon's latest initiative is targeted at bolstering industries that are key to the U.S. economy and national security. The $24 million package includes $18 million in loans and $6 million in grants. The funding will support Rhoads Industries' construction of a new submarine manufacturing facility at the Philadelphia Navy Yard, expand lending to maritime-related small businesses, and strengthen the region's supply chain.
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Jamie Dimon, CEO of JPMorgan Chase & Co., has announced a $24 million initiative aimed at rejuvenating the American shipbuilding industry.
Dimon's latest initiative is targeted at bolstering industries that are key to the U.S. economy and national security. The $24 million package includes $18 million in loans and $6 million in grants. The funding will support Rhoads Industries' construction of a new submarine manufacturing facility at the Philadelphia Navy Yard, expand lending to maritime-related small businesses, and strengthen the region's supply chain.
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A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
4 months ago
Second quarter earnings continued to roll in, with leading chipmaker Taiwan Semiconductor (TSM) reporting strong results that pointed to robust AI demand. UnitedHealth Group (UNH), GE Aerospace (GE), and Netflix (NFLX) also report on Thursday, rounding out the earnings mix.
The week started with a wave of bank earnings that showed broad-based strength, driven by Wall Street trading activity. "It's getting close to as good as it gets," JPMorgan (JPM) CEO Jamie Dimon said about current banking conditions after the country's largest bank reported its biggest quarterly profit on record on Tuesday.
It was a good start to what's expected to be a strong earnings season for the S&P 500 (^GSPC). According to FactSet data, **** ysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 23.3% — above the five-year average of 16.4% and the 10-year average of 10.3%.
If that holds, it will mark the second consecutive earnings growth rate above 20% for the index and the seventh straight quarter of double-digit growth.
Also reporting earnings this week were ASML Holding N.V. (ASML), Morgan Stanley (MS), BlackRock (BLK), Johnson & Johnson (JNJ), and United Airlines Holdings (UAL).
The week started with a wave of bank earnings that showed broad-based strength, driven by Wall Street trading activity. "It's getting close to as good as it gets," JPMorgan (JPM) CEO Jamie Dimon said about current banking conditions after the country's largest bank reported its biggest quarterly profit on record on Tuesday.
It was a good start to what's expected to be a strong earnings season for the S&P 500 (^GSPC). According to FactSet data, **** ysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 23.3% — above the five-year average of 16.4% and the 10-year average of 10.3%.
If that holds, it will mark the second consecutive earnings growth rate above 20% for the index and the seventh straight quarter of double-digit growth.
Also reporting earnings this week were ASML Holding N.V. (ASML), Morgan Stanley (MS), BlackRock (BLK), Johnson & Johnson (JNJ), and United Airlines Holdings (UAL).
4 months ago
Second quarter earnings continued to roll in, with leading chipmaker Taiwan Semiconductor (TSM) reporting strong results that pointed to robust AI demand. UnitedHealth Group (UNH), GE Aerospace (GE), and Netflix (NFLX) also report on Thursday, rounding out the earnings mix.
The week started with a wave of bank earnings that showed broad-based strength, driven by Wall Street trading activity. "It's getting close to as good as it gets," JPMorgan (JPM) CEO Jamie Dimon said about current banking conditions after the country's largest bank reported its biggest quarterly profit on record on Tuesday.
It was a good start to what's expected to be a strong earnings season for the S&P 500 (^GSPC). According to FactSet data, **** ysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 23.3% — above the five-year average of 16.4% and the 10-year average of 10.3%.
If that holds, it will mark the second consecutive earnings growth rate above 20% for the index and the seventh straight quarter of double-digit growth.
Also reporting earnings this week were ASML Holding N.V. (ASML), Morgan Stanley (MS), BlackRock (BLK), Johnson & Johnson (JNJ), and United Airlines Holdings (UAL).
The week started with a wave of bank earnings that showed broad-based strength, driven by Wall Street trading activity. "It's getting close to as good as it gets," JPMorgan (JPM) CEO Jamie Dimon said about current banking conditions after the country's largest bank reported its biggest quarterly profit on record on Tuesday.
It was a good start to what's expected to be a strong earnings season for the S&P 500 (^GSPC). According to FactSet data, **** ysts estimate the year-over-year S&P 500 earnings growth rate for the second quarter will be 23.3% — above the five-year average of 16.4% and the 10-year average of 10.3%.
If that holds, it will mark the second consecutive earnings growth rate above 20% for the index and the seventh straight quarter of double-digit growth.
Also reporting earnings this week were ASML Holding N.V. (ASML), Morgan Stanley (MS), BlackRock (BLK), Johnson & Johnson (JNJ), and United Airlines Holdings (UAL).
4 months ago
The bottom 50% of households in the U.S. own only $4.27 trillion of the nation's $174 trillion in available wealth. By contrast, the top 0.1% own $25.07 trillion, and the top 99 to 99.9% own a little under $30 trillion, according to Federal Reserve data.
With AI now supercharging the stock market, and richer families already owning the majority of those ***** ets, that divide is only likely to widen.
Jamie Dimon, CEO of JPMorgan Chase, is well aware of this phenomenon. In fact, the man worth more than $3 billion according to Forbes says he understands why people are "anti-rich." Speaking to Axios, Dimon said the "anti-rich thing has been around for a long time."
In his role as CEO of the largest bank in the U.S., Dimon rubs shoulders with some of the wealthiest people on the planet. But he also works for the bank's customers who have more standard levels of income.
The resurgence in popular resentment of inequality has happened because "we have, in fact, left the lower-income folks behind," Dimon said. The Wall Street veteran, who has the ear of everyone from world leaders to central bankers to the markets, said he often reminds well-off people that they don't have to worry about the schools their children attend, and they don't live in "crime-ridden neighborhoods."
"If you are making less income and you're in a poor rural area, or an inner city area, your schools aren't good, you go to crime-ridden neighborhoods, [there is] more divorce, less jobs–it is becoming intergenerational, so let's acknowledge it and fix it," Dimon said.
Dimon contextualized the frustration of lower-income families, noting that, compared with the 1960s and 1970s, standards of living have improved across the board. In fact, a Fed study released last year found that the share of people who said they were financially "doing okay" or "living comfortably" rose from 62% to 73% in the U.S.
With AI now supercharging the stock market, and richer families already owning the majority of those ***** ets, that divide is only likely to widen.
Jamie Dimon, CEO of JPMorgan Chase, is well aware of this phenomenon. In fact, the man worth more than $3 billion according to Forbes says he understands why people are "anti-rich." Speaking to Axios, Dimon said the "anti-rich thing has been around for a long time."
In his role as CEO of the largest bank in the U.S., Dimon rubs shoulders with some of the wealthiest people on the planet. But he also works for the bank's customers who have more standard levels of income.
The resurgence in popular resentment of inequality has happened because "we have, in fact, left the lower-income folks behind," Dimon said. The Wall Street veteran, who has the ear of everyone from world leaders to central bankers to the markets, said he often reminds well-off people that they don't have to worry about the schools their children attend, and they don't live in "crime-ridden neighborhoods."
"If you are making less income and you're in a poor rural area, or an inner city area, your schools aren't good, you go to crime-ridden neighborhoods, [there is] more divorce, less jobs–it is becoming intergenerational, so let's acknowledge it and fix it," Dimon said.
Dimon contextualized the frustration of lower-income families, noting that, compared with the 1960s and 1970s, standards of living have improved across the board. In fact, a Fed study released last year found that the share of people who said they were financially "doing okay" or "living comfortably" rose from 62% to 73% in the U.S.
4 months ago
Workers daydream of the moment they can clock out of work for good, kick their feet up, and bask in their indefinite downtime. However, JPMorgan Chase CEO Jamie Dimon has just revealed that his retirement will be the second act of his career.
"l'll do business with people I like," Dimon told Axios of his plans for after he steps down as CEO in a recent interview.
"I'm gonna probably write a book, maybe more about management and stuff like that, and I might do one on the financial crisis. There's a lot of stuff that really people don't fully understand about what happened."
The 70-year-old banking giant legend said that teaching is also on the table—a popular gig for leaders with decades of industry expertise. Former General Electric (GE) chief executive Jeff Immelt, who led the $370 billion industrial giant for 16 years, went on to become a lecturer at Stanford's Graduate School of Business. Plus, Dimon threw in the possibility of "something around a media-related thing." No matter what post-CEO career he follows, he'll be kept busy.
"I have got to do something," Dimon said on the Acquired podcast last year. "I'm not going to twiddle my thumbs and smell the flowers."
"l'll do business with people I like," Dimon told Axios of his plans for after he steps down as CEO in a recent interview.
"I'm gonna probably write a book, maybe more about management and stuff like that, and I might do one on the financial crisis. There's a lot of stuff that really people don't fully understand about what happened."
The 70-year-old banking giant legend said that teaching is also on the table—a popular gig for leaders with decades of industry expertise. Former General Electric (GE) chief executive Jeff Immelt, who led the $370 billion industrial giant for 16 years, went on to become a lecturer at Stanford's Graduate School of Business. Plus, Dimon threw in the possibility of "something around a media-related thing." No matter what post-CEO career he follows, he'll be kept busy.
"I have got to do something," Dimon said on the Acquired podcast last year. "I'm not going to twiddle my thumbs and smell the flowers."
4 months ago
Few examples better capture the resurgence of big banks than Jamie Dimon's special retention award, which has swelled in value over the last five years to more than $280 million today.
As Dimon's bank, JPMorgan Chase (JPM), heads into earnings season, ***** ysts expect the country's largest lender and its rivals to post one of their strongest quarters ever.
But the setup is leaving investors with something of a quandary: Should they cheer or doubt whether there's more room to run for big banks?
Investors are "naturally skeptical," UBS ***** yst Erica Najarian wrote to clients earlier in July. "It's been awhile since it's felt like 'peak bank'."
The test is coming on Tuesday. JPMorgan, Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), and Goldman Sachs (GS) will all report second quarter results before the opening bell. Morgan Stanley (MS) will round out Wall Street bank results with numbers coming Wednesday morning.
As Dimon's bank, JPMorgan Chase (JPM), heads into earnings season, ***** ysts expect the country's largest lender and its rivals to post one of their strongest quarters ever.
But the setup is leaving investors with something of a quandary: Should they cheer or doubt whether there's more room to run for big banks?
Investors are "naturally skeptical," UBS ***** yst Erica Najarian wrote to clients earlier in July. "It's been awhile since it's felt like 'peak bank'."
The test is coming on Tuesday. JPMorgan, Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), and Goldman Sachs (GS) will all report second quarter results before the opening bell. Morgan Stanley (MS) will round out Wall Street bank results with numbers coming Wednesday morning.
4 months ago
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JPMorgan Chase CEO Jamie Dimon isn't taking comfort in the stock market's seemingly endless euphoria that defied a war in the Middle East and the ensuing spike in inflation. Instead, he believes there's trouble brewing for the U.S. economy.
During a June 16 appearance at the Council on Foreign Relations CEO Speaker Series (1), Dimon was blunt in forecasting an eventual stock market contraction. For him, the only question left to answer is when.
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's how to fix it ASAP
JP Morgan sees gold hitting $6,000/oz before 2027 — and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold
JPMorgan Chase CEO Jamie Dimon isn't taking comfort in the stock market's seemingly endless euphoria that defied a war in the Middle East and the ensuing spike in inflation. Instead, he believes there's trouble brewing for the U.S. economy.
During a June 16 appearance at the Council on Foreign Relations CEO Speaker Series (1), Dimon was blunt in forecasting an eventual stock market contraction. For him, the only question left to answer is when.
Dave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here's how to fix it ASAP
JP Morgan sees gold hitting $6,000/oz before 2027 — and a Gold IRA lets you hold the physical metal while deferring the tax bill. Get your free guide from Priority Gold
4 months ago
Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.
Jamie Dimon doesn't think Canadian Prime Minister Mark Carney's vision for a coalition of middle powers is grounded in economic reality.
Speaking during the Council on Foreign Relations' CEO Speaker Series (1), the JPMorgan Chase CEO drew laughs after dismissing Carney's proposal that countries should work more closely together to counter growing pressure from global superpowers.
"When Mark Carney said the powers should get together, it's a fantasy," Dimon said.
Earlier in 2026, former Bank of Canada and Bank of England governor Carney first outlined the strategy (2) during the World Economic Forum Annual Meeting in Davos, Switzerland, where he argued that middle powers should deepen cooperation on trade, artificial intelligence, critical minerals, supply chains and security as the decades-old U.S.-led world order becomes increasingly fragmented.
Jamie Dimon doesn't think Canadian Prime Minister Mark Carney's vision for a coalition of middle powers is grounded in economic reality.
Speaking during the Council on Foreign Relations' CEO Speaker Series (1), the JPMorgan Chase CEO drew laughs after dismissing Carney's proposal that countries should work more closely together to counter growing pressure from global superpowers.
"When Mark Carney said the powers should get together, it's a fantasy," Dimon said.
Earlier in 2026, former Bank of Canada and Bank of England governor Carney first outlined the strategy (2) during the World Economic Forum Annual Meeting in Davos, Switzerland, where he argued that middle powers should deepen cooperation on trade, artificial intelligence, critical minerals, supply chains and security as the decades-old U.S.-led world order becomes increasingly fragmented.
