Jamie Dimon says 'the worst outcome is stagflation,' a scenario he's not taking off the table
JPMorgan Chase CEO Jamie Dimon said Tuesday he wouldn't rule out stagflation, even with greater confidence recently that inflation is coming off its highs.
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JPMorgan CEO Jamie Dimon warns 'geopolitics is getting worse'
A year after Jamie Dimon named geopolitics as the world's biggest risk, JPMorgan Chase's CEO sounded the alarm again, warning that the state of global stability has gotten worse.
Apple shares slide as analysts highlight sluggish iPhone 16 demand
Apple shares slid nearly 2.8% on Monday, after reports that demand for the new iPhone 16 is lower than expected — and down 12% year over year from the first-weekend sales of the iPhone 15 last year, TF Securities analyst Ming-Chi Kuo wrote in a note.
Nobel winner Joseph Stiglitz says Fed raised rates ‘too far, too fast’ — and now needs to cut big
Nobel Prize-winning economist Joseph Stiglitz says the Federal Reserve should deliver a half-point interest rate cut at its forthcoming meeting, accusing the U.S. central bank of going "too far, too fast" with monetary policy tightening and making the inflation problem worse.
JPMorgan economist says China's housing market crash is still not over
China's troubled housing market will continue to see softness as a slew of government stimulus and support measures have not been "satisfactory" in propping up the sector, according to a JPMorgan economist.
ByteDance taps banks for $9.5 billion Asia dollar corporate loan, Reuters reports
TikTok-owner ByteDance is tapping banks for a $9.5 billion loan that would be the biggest dollar-denominated corporate facility in Asia ex-Japan, two sources with knowledge of the matter said on Monday.
Deutsche Bank shares rise 4% after settlement of bulk of claims in long-running Postbank suit
Deutsche Bank has reached settlements with nearly 60% of plaintiffs in a long-running case alleging the German lender underpaid for its acquisition of Postbank more than a decade ago.
CNBC Daily Open: Wall Street's 'dress rehearsal'
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