Dangerous Times: Jamie Dimon Warns of Inflation, Recession, and Geopolitical Risks

2023-11-29 20:53:00 (CNN) — Jamie Dimon, CEO of JPMorgan Chase, issued a strong warning to Wall Street on Wednesday: Inflation could rise further and recession is not out of the question. “Many things we are seeing are dangerous and inflationary. Be prepared,” he said at The New York Times DealBook Summit 2023 in New York. … Read more

NIIF looks to sell over $1 billion worth of maiden roads portfolio

2023-10-18 19:26:54 MUMBAI: India’s sovereign-backed National Investment and Infrastructure Fund (NIIF) is looking to sell its maiden portfolio of five road projects, worth around Rs 10,000 crore ($1.2 billion) on an enterprise value basis, sources aware of the development told ET. NIIF has appointed investment bank JP Morgan to run a sale process for the … Read more

Top US Banks Announce Stock Dividend Increases Following Federal Reserve Stress Test Approval

2023-07-02 09:35:43 Major US banks including Morgan Stanley, JPMorgan Chase & Co, Citigroup and Goldman Sachs announced stock dividend increases on Friday, June 30. after passing the latest stress test from the Federal Reserve (Fed). JPMorgan announced plans to increase its stock dividend from $1 per share to $1.05 per share for the third quarter … Read more

“US Retail Sales Fall 1% – Analysis and Insights on Wall Street’s Reaction”

2023-04-14 20:51:35 New York Weak retail sales in the US pushed Wall Street into the red on Friday despite strong balance sheets from major US banks. The Dow Jones lost 0.4 percent to 33,886 points. The tech-heavy Nasdaq was also down 0.4 percent to 12,123 and the broader S&P 500 was down 0.2 percent to … Read more

Dow Jones, S&P 500, Nasdaq: US retail sales slow Wall Street

New York Weak retail sales in the US pushed Wall Street into the red despite strong balance sheets from major US banks. The Dow Jones index of standard values ​​was 0.5 percent weaker at 33,847 points on Friday. The broader S&P 500 lost 0.3 percent to 4132 points. The Nasdaq technology exchange index fell 0.4 … Read more

[백브리핑AI] Kakao Pay promotes acquisition of Loca Mobility…”For the purpose of expanding business areas”

[인포스탁데일리=김영택 기자] Kakao Pay, a simple payment company, is considering acquiring Loca Mobility, the second-largest transportation card company in Korea. Kakao Pay plans to expand its business area through the acquisition of Loca Mobility, a subsidiary of Lotte Card. In particular, synergy with Kakao Mobility, the No. 1 mobility platform in Korea, is expected to … Read more

Despite bankruptcy, Sam Bankman-Fried is looking for new investors

Sam Bankman-Fried The co-founder and CEO of the crypto exchange FTX is threatened with investigations by the public prosecutor. (Foto: Bloomberg/Getty Images) New York It would be a desperate maneuver: According to US media reports, the founder of the failed cryptocurrency exchange FTX, Sam Bankman-Fried, still believes he can raise enough money to compensate his users. … Read more

Powell must make clear announcements in Jackson Hole

Jerome Powell The Fed chair will deliver a well-received speech in Jackson Hole on Friday. (Foto: Bloomberg) New York, Frankfurt Rarely have the expectations of the leading monetary politicians been as high as this year. At the weekend, central bankers and economists from all over the world meet in Jackson Hole, high up in the mountains … Read more