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A high surf advisory and a rip current statement in effect for Coastal Broward and Coastal Miami Dade Regions

See the complete list

WEATHER ALERT

A high surf advisory and a rip current statement in effect for Coastal Broward and Coastal Miami Dade Regions

JAMIE DIMON


Musk agrees with JP Morgan Chase CEO Jamie Dimon that it will take 50 years to transition to green energy

J.P. Morgan CEO Jamie Dimon and Elon Musk agreed Thursday that the world will be reliant on oil and gas for 50 years and that an immediate transition to alternative energy is unrealistic.

foxnews.com

Jamie Dimon says Congress shouldn't play games with the creditworthiness of the U.S. government

The JPMorgan Chase CEO said even questioning raising the debt limit `is the wrong thing to do...This is not something you should be playing games with at all."

cnbc.com

Jim Cramer's top 10 things to watch in the market Thursday: Sell-off Day 2, P&G outlook raise

Another hard sell-off points to a negative opening that may not be buyable unless bonds stabilize.

cnbc.com

Jamie Dimon says rates will rise above 5% because there is still 'a lot of underlying inflation'

Jamie Dimon believes that interest rates could go higher than what the Federal Reserve currently projects as inflation remains stubbornly high.

cnbc.com

Four troubling global trade trends flashing consumer weakness for a market already fearing recession

Global trade, manufacturing, and warehouse trends provide a picture of consumer health and the economy. It's not looking good right now.

cnbc.com

JPMorgan Chase is set to report fourth-quarter earnings — here's what the Street expects

JPMorgan, the biggest U.S. bank by assets, will be closely watched for clues on how the industry is navigating an economy at a crossroads.

cnbc.com

JPMorgan shutters website it paid $175 million for, accuses founder of inventing millions of accounts

Regardless of the outcome of this legal scuffle, this is an embarrassing episode for JPMorgan and its CEO Jamie Dimon.

cnbc.com

In 2023, Questions of Survival in Business and Politics

That’s the issue facing many enterprises as well as the Tory regime in the UK. Plus a selection of the writer’s favorite columns

washingtonpost.com

Full transcript of "Face the Nation" on Dec. 11, 2022

On this "Face the Nation" broadcast, JPMorgan Chase CEO Jamie Dimon and Rep. Adam Schiff joined Margaret Brennan.

cbsnews.com

Dimon says Ukraine war should be "turning point" for U.S. on global stage

"Maybe all this sort of self-illusion that we had, that somehow the world's at peace, and everything would be fine — that should have been shattered," the JPMorgan Chase CEO said.

cbsnews.com

Transcript: JPMorgan Chase CEO Jamie Dimon on "Face the Nation," Dec. 11, 2022

The following is a transcript of an interview with JPMorgan Chase CEO Jamie Dimon that aired Sunday, Dec. 11, 2022, on "Face the Nation."

cbsnews.com

This week on "Face the Nation with Margaret Brennan," Dec. 11, 2022: Dimon, Schiff, Hill, Krebs

J.P. Morgan Chase & Co. CEO Jamie Dimon, House Intelligence Committee Chairman Rep. Adam Schiff, and more, will appear on "Face the Nation with Margaret Brennan" this Sunday.

cbsnews.com

Jamie Dimon looks at geopolitical risk for hints about severity of U.S. recession

"It's like anything can go wrong," the JPMorgan Chase CEO told CBS News "Face the Nation" moderator Margaret Brennan in an exclusive interview.

cbsnews.com

Jim Cramer says not to fear bearish economic talk from bank CEOs – there's no 'financial apocalypse'

"Don't panic the next time you hear one of these bank CEOs say something terrifying — they don't know the impact of their words," Cramer said.

cnbc.com

'It's possible the market can rally': Financial advisors say a recession isn't inevitable

The CEOs of some of the biggest American companies believe the economy may be heading for a recession. There's still hope for investors, financial advisors say.

cnbc.com

Here's what America's top CEOs are saying about a possible recession in 2023

The CEOs of JPMorgan, General Motors, Walmart and others are gearing up for a potential economic slowdown in 2023.

cnbc.com

Jim Cramer's top 10 things to watch in the market Tuesday: JPMorgan double upgrade, oil prices dip to $75

U.S. stock futures point to a mixed open after Monday's sharp selloff.

cnbc.com

Jamie Dimon says inflation eroding consumer wealth may cause recession next year

JPMorgan Chase CEO Jamie Dimon said that inflation could tip the U.S. economy into recession next year. While consumers and companies are currently in good shape, that may not last much longer, Dimon said Tuesday on CNBC's "Squawk Box." "Inflation is eroding everything I just said, and that trillion and a half dollars will run out sometime mid year next year," Dimon said. It "may very well derail the economy and cause a mild or hard recession that people worry about." Dimon, 66, has led the New York-based bank since 2006.

cnbc.com

Wall Street CEOs funding China’s military and human rights abuses. Here's why

If Wall Street really cared about responsible investing, they wouldn't turn a blind eye to China's human rights abuses, genocide and military aggression.

foxnews.com

GOP to probe ‘cancer’ of climate-friendly investing after midterms

Republican lawmakers plan to conduct oversight of Wall Street’s policies to promote sustainability, calling it 'woke capitalism.'

washingtonpost.com

Goldman Sachs, JPMorgan CEOs tip U.S. economy for recession as labor tightness keeps Fed aggressive

Goldman Sachs CEO David Solomon and JPMorgan CEO Jamie Dimon both expect a U.S. recession.

cnbc.com

Wall Street eager to strike deals with Saudi Arabia, despite political concerns

U.S. executives and billionaire investors are mingling and making deals at a conference nicknamed "Davos in the Desert," even as the White House reevaluates relations with Saudi Arabia.

npr.org

Transportation Secretary Pete Buttigieg says recession is 'possible but not inevitable'

Pete Buttigieg says recession is "possible but not inevitable," adding the Biden administration is working on expanding production capacity in the U.S.

foxnews.com

Bank CEOs increasingly turning pessimistic on economy

The outlook of the U.S. economy from Wall Street’s biggest banks is getting gloomier and gloomier, after the industry spent the past year and a half trumpeting that the U.S. economy is strong and the U.S. consumer resilient.

Jamie Dimon says expect 'other surprises’ from choppy markets after U.K. pensions nearly imploded

The Federal Reserve's campaign to tame high inflation here in the U.S. has been felt around the world.

cnbc.com

JPMorgan profits fall; bank stores cash for coming downturn

JPMorgan Chase & Co.’s third quarter profits fell by 17% from a year earlier, as the bank set aside roughly a billion dollars to cover potential losses in what CEO Jamie Dimon has said a could be a recession in six to nine months.

JPMorgan Chase is set to report third-quarter earnings – here’s what the Street expects

Investors have dumped bank shares lately, pushing JPMorgan and others to fresh 52-week lows this week, on concern that the Fed will trigger a recession.

cnbc.com

It's almost impossible to find a CEO who isn't bracing for a recession

Nearly all the chief executives in a new survey — 98% — say they're getting their ducks in a row for an impending economic downturn in the United States.

npr.org

Correction: People-Kanye West story

In a story published October 13, 2022, about JPMorgan Chase and the rapper formerly known as Kanye West ending their business relationship, The Associated Press misspelled conservative activist Candace Owens' first name as Candice.

Biden says he doesn't think there will be a recession, if so it will be 'very slight'

President Joe Biden said he doesn't believe there will be a recession in the near future and if there is, he expects it to be a "slight" economic dip.

cnbc.com

JPMorgan boss Jamie Dimon says the US, not Saudi Arabia, is the 'swing producer' of oil and urges it to pump more oil days after the OPEC announced a production cut

The US is the world's largest producer of oil, but Saudi Arabia and Russia are the world's top two exporters of the fuel.

news.yahoo.com

Jamie Dimon says Musk should 'clean up Twitter,' echoes Tesla CEO's bot concerns

Jamie Dimon appears to be a fan of Elon Musk's $44 billion Twitter takeover deal.

cnbc.com

U.S. should pump more oil to avert war-level energy crisis, says JPMorgan's Jamie Dimon

JPMorgan Chase CEO Jamie Dimon said Monday that the U.S. should forge ahead in pumping more oil and gas to help alleviate the global energy crisis.

cnbc.com

‘This is serious’: JPMorgan's Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months

JPMorgan Chase CEO Jamie Dimon warned that a "very, very serious" mix of headwinds was likely to tip both the U.S. and global economy into recession.

cnbc.com

Zelle faces surge in fraud and scams, Senate report finds

Customers who get ripped off using the bank-run online payment system seldom get their money back, lawmaker claims.

cbsnews.com

Fraud, scam cases increasing on Zelle, Senate report finds

Incidents of fraud and scams are occurring more often on the popular peer-to-peer payment service Zelle, according to a report issued Monday by the office of Sen. Elizabeth Warren, giving the public its first glimpse into the growing problems at Zelle.

Bank CEOs questioned on consumer protections, social issues

The CEOs of the nation’s biggest banks returned to Capitol Hill for a second day Thursday, and Senate Democrats strongly urged them to do more to help and protect their customers, while Republicans questioned whether banks should weigh in on hot-button social issues.

Watch Jamie Dimon and other bank CEOs get grilled by Congress in second day of hearings

The banking industry's top leaders face another day of hearings in Washington D.C.

cnbc.com

What Cramer is watching Thursday — 2-year yield says Fed going much higher; job market remains tight

U.S. stock futures mixed Thursday. Treasury yields still blowing out. Not stopping here.

cnbc.com

Watch JPMorgan Chase CEO Jamie Dimon and six other bank leaders get grilled by Congress

CEOs of the biggest U.S. retail banks are set to testify before both chambers of Congress this week.

cnbc.com

Bank CEOs warn that US economy faces 'daunting' challenges

The CEOs of the nation’s biggest banks have appeared in front of Congress and given a dim view of the U.S. economy, reflecting the financial and economic distress many Americans are facing.

The Fed Should Heed Dimon’s ‘Bad for America’ Line

US banks have emerged stronger from the past decade’s crises. The JPMorgan CEO is right to question whether excessive capital requirements are now doing more harm than good.

washingtonpost.com

The Fed Should Heed Dimon’s ‘Bad for America’ Line

US banks have emerged stronger from the past decade’s crises. The JPMorgan CEO is right to question whether excessive capital requirements are now doing more harm than good.

washingtonpost.com

New York City is getting closer to the tipping point in return to office work

New York City offices are nearing the halfway mark in workers returning, according to the latest data.

cnbc.com

JPMorgan Chase acquires payments fintech Renovite to help it battle Stripe and Block

While JPMorgan is the world's biggest provider of merchant services, fast-growing upstarts including Stripe and Block have been climbing the rankings.

cnbc.com

On Wall Street, the pandemic is over, at least according to bosses

Citing lower risk from the virus, firms such as Goldman Sachs and Morgan Stanley are ending covid protocols as the push to bring workers back to offices continues.

washingtonpost.com

JPMorgan CEO Jamie Dimon told wealthy clients there's a chance the US is heading into 'something worse' than a recession, report says

Jamie Dimon told clients Tuesday that he estimates a 20-30% chance of a "harder recession" and 20-30% odds of "something worse," Yahoo reported.

news.yahoo.com

JPMorgan CEO Jamie Dimon: 'Why can't we get it through our thick skulls?' America boosting oil and gas production is 'not against' climate change

"Because of high oil and gas prices, the world is turning back on their coal plants. It is dirtier," Jamie Dimon said Tuesday, according to Yahoo.

news.yahoo.com

Credit-Card Rewards Aren’t Free. Shoppers Don’t Care.

The US has some of the highest fees in the world for using plastic on purchases.

washingtonpost.com

Ukraine will pursue war-crimes charges against leaders of JPMorgan Chase, Citi, and HSBC over Russia financing, Zelenskyy's economic advisor says

Oleg Ustenko told CNBC that Ukraine's justice and security services were gathering data on Western banks he says are financing the Russian state.

news.yahoo.com

JPMorgan, Microsoft and Slack among companies hiring the formerly incarcerated

More companies are looking at a huge segment of the U.S. population as a promising source of much-needed workers: Americans with criminal records.

cnbc.com

Earnings slide ongoing for banks; BofA Q2 profit dips 32%

Bank of America’s second quarter profits fell by 32% from a year ago, the latest bank to report a decline in profits after a strong 2021.

JPMorgan CEO Dimon sums up U.S. economy in one paragraph — and it sounds bad

JPMorgan Chase CEO Jamie Dimon on Thursday summarized the state of the U.S. economy in one paragraph, and it's not all good.

cnbc.com

Dimon rips Fed stress test as 'terrible way to run' financial system after his bank halts buybacks

JPMorgan Chase CEO Jamie Dimon didn't mince words when it came to the regulatory process that forced his bank to suspend its stock buybacks.

cnbc.com

JPMorgan’s Bad Earnings News Really Isn’t So Bad

Consumers and companies are continuing to borrow and spend despite recession fears. Investors are too focused on the negatives.

washingtonpost.com

Stocks making the biggest moves midday: JPMorgan Chase, Goldman Sachs, Conagra Brands and more

These are the stocks posting the largest moves in midday trading.

cnbc.com

Stocks making the biggest moves premarket: JPMorgan, Taiwan Semiconductor, Ericsson and more

These are the stocks posting the largest moves before the bell.

cnbc.com

JPMorgan 2Q profit drops; CEO warns of economic challenges

Profits at JPMorgan Chase fell by 28% in the second quarter, as the bank tries to navigate an economy that’s showing strength in many areas but losing steam as interest rates continue to rise.

Asian markets mixed after Wall St bond sell-off

Asian stock markets are mixed following a bond sell-off on Wall Street amid anxiety about higher U.S. interest rates.

How much the top-paid male, female CEOs made in 2021

Expedia's Peter Kern and Warner Bros.

CEO pay rose 17% in 2021 as profits soared; workers trailed

Pay for CEOs who run the biggest U.S. companies soared 17.1% last year, up to a median of $14.5 million.

JPMorgan profits drop 42%, bank writes down Russian assets

JPMorgan Chase said its first quarter profits dropped by 42% from last year, partly because the bank had to write down nearly $1.5 billion in assets due to higher inflation and Russia’s war in Ukraine.

JPMorgan's Dimon warns of myriad issues for economy, bank

Jamie Dimon laid out a laundry list of big risks looming for the global and U.S. economy in his annual letter to JPMorgan Chase shareholders on Monday.

Bank profits soared in 2021, but inflation is front of mind

Three of the nation’s biggest banks reported blowout profits for 2021 on Friday, helped by the improving economy and consumers and businesses willing to spend and take on loans.

As Bitcoin goes mainstream, Wall Street looks to cash in

Whether you love cryptocurrencies or hate the very idea of them, they’re becoming more mainstream by the day.

JPMorgan's 3Q profits rise, but low rates weigh on revenue

JPMorgan Chase says profits rose 24% in the third quarter, largely driven by one-time items that boosted its results, as the bank struggled to grow revenues with interest rates at near-zero levels.

Bash back better: Here's what governing by crisis looks like

It's been a tempestuous week in Washington, with insults and accusations flying, deadlines pressing and some major things to get done.

Big US banks to employees: Return to the office vaccinated

Wall Street’s big investment banks are sending a message to their employees this summer: Get back into the office and bring your vaccination card.

Female CEOs saw ranks dwindle in 2020; median pay fell 2%

Most of the women running the biggest U.S. companies saw their pay increase last year, even as the pandemic hammered the economy and many of their businesses.

Bank CEOs outline pandemic support; senators split on issues

The CEOs of the six biggest U.S. banks have appeared before Congress, eager to lay out their support for struggling consumers and small businesses.

JPMorgan dives back into fixing health care with new venture

JPMorgan Chase will take another crack at fixing health care after a push with two other corporate giants dissolved earlier this year.

JPMorgan elevates 2 women to run bank's biggest division

JPMorgan Chase will promote two women to jointly manage the bank’s consumer finance division, potentially signaling that a woman may eventually run the nation’s biggest bank.

JPMorgan 1Q profit up sharply, helped by improving economy

JPMorgan Chase saw its first quarter profits jump nearly five fold from a year earlier, as the improving economy allowed the bank to release roughly $5 billion from its loan-loss reserves that it had stored away in the early weeks of the pandemic.

Banks to see big profits as COVID 'bad' loans become 'good'

The nation’s largest banks are expected to report big profits for the first quarter amid renewed confidence that pandemic-battered consumers and businesses can repay their debts and start borrowing again.

Optimistic banks start moving 'bad' loans back to 'good'

(AP Photo/Mark Lennihan)CHARLOTTE, N.C. – The pandemic and recession aren’t over by a long shot, but banks are feeling optimistic enough to start taking potentially “bad” loans off their books and move them back into the “good” pile. Citigroup had a similar story, releasing $1.5 billion of its loan-loss reserves that it had set aside earlier last year. Still, those amounts are just a fraction of the tens of billions of dollars into their so-called loan-loss reserves to cover potentially bad loans in the first months of the pandemic. In releasing funds from loan-loss reserves, the banks cited the improvement in the economy. JPMorgan still has more than $30 billion tied up in its loan-loss reserves, and banks like Citi and Wells have similar figures on their balance sheets.

JPMorgan's profits jump as economy, investment bank recovers

JPMorgan Chase & Co., the nations largest bank by assets, said its fourth quarter profits jumped by 42% from a year earlier, as the firms investment bank division had a stellar quarter and the banks balance sheet improved despite the pandemic. Excluding one-time items, the bank earned $3.07 a share, which is well above the $2.62 per share forecast analysts had for the bank. Banks had set aside tens of billions of dollars to cover potentially bad loans, and JPMorgan had been particularly aggressive in setting aside funds early in the pandemic. The driver of JPMorgan's profits this quarter was the investment banking business. The corporate and investment bank posted a profit of $5.35 billion compared with $2.94 billion in the same period a year earlier.

Bid to address health costs by 3 corporate giants is over

A health care venture created in 2018 by the three corporate giants to attack soaring care costs will shutter only a couple years after launching. (AP Photos, File)INDIANAPOLIS – A health care venture conceived by Amazon, Berkshire Hathaway and JPMorgan to attack soaring costs is dissolving. Haven, which was formed in 2018 by the three U.S. corporate giants, will cease operations by the end of February, a company spokeswoman said Monday. Health care costs have grown faster than wages and inflation for years, stressing families and employers. It started new designs for health care benefits that eliminated patient out-of-pocket payments like deductibles and coinsurance and encouraged access to primary care.

Bank profits remain resilient despite lingering pandemic

They set aside, yet again, tens of billions of dollars to cover additional potentially bad loans. Collectively the five biggest banks put aside $34.62 billion to cover bad loans just in the second quarter. JPMorgan set aside $611 million to cover potentially bad loans in the third quarter, a fraction of the $10.47 billion the bank set aside to cover bad loans in the second quarter. On Wednesday, Bank of America said it set aside $1.4 billion to cover potentially bad loans, far less than the $5.1 billion it set aside three months earlier. Most of the worry seems to reflect investors' uncertainty about whether banks will have to set aside additional billions in the future.

JPMorgan, Citi profits improve amid signs of recovery

Both Citi and JPMorgan set aside fewer funds to cover potentially bad loans, contributing to the improvement in their third-quarter results. JPMorgan had $611 million in loan loss provisions this quarter, a fraction of the $10.47 billion the bank set aside in the second quarter. Meanwhile Citigroup’s provision for credit losses was $2.26 billion in the third quarter compared to $7.9 billion the quarter before. Citi said its third-quarter net income fell to $3.23 billion from $4.91 billion a year earlier. JPMorgan and Citi were the first of the major banks to report its results this week.

JPMorgan puts $30B toward fixing banking's 'systemic racism'

CHARLOTTE, N.C. – JPMorgan Chase said Thursday it will extend billions in loans to Black and Latino homebuyers and small business owners in an expanded effort toward fixing what the bank calls “systemic racism” in the country’s economic system. “Systemic racism is a tragic part of America’s history,” said JPMorgan Chase CEO Jamie Dimon in a statement. Citigroup announced last month it is committing $1 billion toward closing “the racial wealth gap” in the United States, including $550 million toward homeownership programs for racial minorities. He noted that there’s a 30% gap between Black and white homeownership, amounting to about 4.5 million households. JPMorgan was one of 27 major New York-based companies that joined a program to recruit 100,000 workers from the city's low-income, predominately Black, Latino and Asian communities over the next 10 years.

Citi picks Jane Fraser as next CEO, first woman in that role

NEW YORK Citigroup announced that Jane Fraser would succeed Michael Corbat as the bank's next chief executive, making Fraser the first woman to ever lead a Wall Street bank. Fraser is currently head of Citi's global consumer banking division, a major part of the bank that includes checking and savings accounts but also Citi's massive credit card business. Fraser will be the first woman to lead one of Wall Street's big six banks. JPMorgan Chase's Jamie Dimon has had women as his second-in-command for years, but shows no signs of stepping down from the CEO role. Corbat turned Citi into a much smaller and stable entity, focusing on its credit card businesses and its international banking franchise.

Banks set aside billions, bracing for more economic pain

Thanks largely to the funds set aside for bad loans, JPMorgan's profit fell by half in the April-June quarter, Citigroup's sank about 70% and Wells Fargo reported its first quarterly loss since the financial crisis of 2008. In its second-quarter results, JPMorgan said it set aside $10.5 billion to cover potentially bad loans. Thats on top of the $8.3 billion the bank set aside in April, when the pandemic was only just starting to impact the U.S. economy. Citi, which is heavily exposed in credit cards, set aside an additional $7.9 billion to cover potentially bad loans. Wells Fargo, which did not set aside as much money as its peers in April, had to play catch up this quarter, setting aside $8.4 billion to cover potentially bad loans.

JPMorgan closer to controlling second Chinese joint venture

JPMorgan confirmed Tuesday that it had the winning bid for 2% of China International Fund Management, a joint venture between the bank and its local partner. The price values the entire venture at 12 billion yuan ($1.7 billion), one third higher than an earlier valuation of 9 billion yuan ($1.3 billion), according to the exchange filing. JPMorgan has already received Chinese approval to run a separate securities joint venture. Foreign banks have geared up the process of controlling their Chinese joint ventures, after Beijing said it would eventually allow majority foreign ownership of domestic companies. Last week, Morgan Stanley signed a contract with its Chinese partner to buy enough of their joint venture in order to gain a 51% controlling stake.

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