Dimon has remained cautious over the past few years, despite record profits at JPMorgan Chase and a U.S. economy that has defied expectations.
Retail sales rise 0.6% in December, topping expectations for holiday shopping
Retail sales increased 0.6% for the month, buoyed by a pickup in clothing and accessory stores as well as online non-store businesses.
Stocks making the biggest moves before the bell: Spirit, Tesla, Teladoc, Rivian and more
These are the stocks posting the largest moves in premarket trading.
Mega rich renew call on global leaders at Davos to ‘tax our extreme wealth’
The signatories include Disney heir Abigail Disney, screenwriter Simon Pegg and Valerie Rockefeller, inheritor of the famed U.S. family.
AI era is a ‘seismic moment’ in tech we’ve not seen in a decade, top Meta exec says
Nicola Mendelsohn, head of global business group at Meta, reflected on her outlook for artificial intelligence in 2024.
UBS CEO says Swiss public ‘indoctrinated’ to worry about bank’s balance sheet
UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank’s balance sheet “are getting indoctrinated” by academics.
UK inflation rate surprises with rise to 4%, led by alcohol and tobacco
U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December.
OpenAI CEO Sam Altman opens up about being fired by the board: ‘Super caught off guard’
OpenAI CEO Sam Altman speaks out about being unexpectedly fired by the board in November, and said he felt “super confused” and was “super caught off guard.”
China misses fourth-quarter GDP estimates, resumes posting youth unemployment data
GDP for the last three months of 2023 rose by 5.2%, missing analysts’ estimates of 5.3% in a Reuters poll.
China’s economic growth is set to slow in 2024. Here’s what Wall Street is predicting
Major investment banks expect China’s economy to grow at a slower pace in 2024 than in 2023, according to forecasts released in the last few months.