Shoppers are seen at Whole Foods Market on October 14, 2022, in Atlanta, Georgia. Elijah Nouvelage | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more
Jerome Powell, chairman of the US Federal Reserve, during a Senate Banking, Housing, and Urban Affairs Committee hearing in Washington, DC, US, on Thursday, March 7, 2024. Al Drago | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on … Read more
A trader works, as a screen displays a news conference by Federal Reserve Board Chair Jerome Powell following the Fed rate announcement, on the floor of the New York Stock Exchange on Dec. 13, 2023. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings … Read more
Senate Senate Health, Education, Labor, and Pensions Committee Chairman Bernie Sanders (I-VT) questions witnesses with ranking member Sen. Bill Cassidy (R-LA) during a hearing about working hours in the Dirksen Senate Office Building on Capitol Hill on March 14, 2024 in Washington, DC. Chip Somodevilla | Getty Images Sen. Bernie Sanders and Senate Democrats cited … Read more
Wells Fargo ‘s run of form continued Wednesday, with shares hitting another 52-week high. Wall Street analysts see more upside ahead for what’s been the best-performing major U.S. bank stock in 2024. In fact, the stock’s session highs above $58 per share Wednesday were multiyear highs and only just over 13% away from all-time highs … Read more
Disney CEO Bob Iger speaking with CNBC’s David Faber at the Allen&Co. Annual Conference in Sun Valley, Idaho. David A. Grogan | CNBC JPMorgan Chase CEO Jamie Dimon endorsed Disney CEO Bob Iger in his proxy battle with activist Trian Partners, CNBC’s David Faber has learned. Dimon gave the following statement on Iger to Faber: … Read more
Since taking over as CEO of Wells Fargo in 2019, Charlie Scharf has been cleaning up the bank. He’s cleared six consent orders tied to past misdeeds there that predated his tenure. Management has eight more to go, a source told CNBC , including one from the Federal Reserve about six years ago that caps … Read more
JPMorgan Chase CEO Jamie Dimon thinks there’s a better-than-even chance that the U.S. is heading for a recession, though he doesn’t see systemic issues looming. Speaking Monday from the JPMorgan High Yield and Leveraged Finance Conference in Miami, the head of the largest U.S. bank by assets said markets probably aren’t pricing in a strong … Read more
The burgeoning artificial intelligence tools from companies such as OpenAI still have their share of skeptics, but don’t count JPMorgan Chase CEO Jamie Dimon among them. The Wall Street titan told CNBC’s Leslie Picker on Monday that AI is not just a passing fad and is bigger than just the large language models such as … Read more
Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC JPMorgan Chase CEO Jamie Dimon isn’t worried about the added competition from a bulked-up Capital One if its $35.3 billion takeover of Discover … Read more
