JPMorgan Chase CEO Jamie Dimon said Wednesday that the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively.Despite fears that the duties could spark a global trade war and reignite inflation domestically, the head of the largest U.S. bank by assets...
Category: Finance
Stanley Druckenmiller says ‘animal spirits’ are back in markets because of Trump with CEOs ‘giddy’
Billionaire investor Stanley Druckenmiller believes Donald Trump's re-election renewed a jolt of speculative enthusiasm in the markets and surging optimism within businesses."I've been doing this for 49 years, and we're probably going from the most anti-business administration to the opposite," Druckenmiller said on CNBC Monday. "We do a lot of talking to CEOs...
JPMorgan Chase is boosting buybacks even after CEO Jamie Dimon called the stock expensive
CEO of Chase Jamie Dimon looks on as he attends the seventh "Choose France Summit", aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Ludovic Marin | Via ReutersJPMorgan Chase executives said the bank would increase share buybacks so that a...
China’s electric car boom is expected to slow down in 2025
New electric vehicles destined for Belgium at a port in Taicang city in eastern China's Jiangsu province on Jan. 11, 2025.Future Publishing | Future Publishing | Getty ImagesBEIJING โ China's electric car market is headed for a sharp slowdown in 2025, according to analyst predictions, increasing pressure on companies trying...
Wall Street notches another win as Fed’s Barr clears the way for gentler banking regulator
Federal Reserve Governors Michelle Bowman and Christopher Waller pose for a photo, during a break at a conference on monetary policy at Stanford University's Hoover Institution, in Palo Alto, California, U.S. May 6, 2022. Picture taken May 6, 2022.Ann Saphir | ReutersThe early departure of the Federal Reserve's top financial...