JPMorgan Chase CEO Jamie Dimon, who oversees the country’s largest bank, said Wednesday that Americans need to “get over it” when it comes to President Donald Trump ’s tariff plans driving up prices, as many economists have warned they will.
Jamie Dimon’s comments follow JPMorgan’s decision late last year to drop a case filed against Tesla in 2021, which had sought $162.2 million plus fees over a dispute regarding stock warrant transactions.
President Donald Trump levied a surprise broadside against Bank of America Corp.’s Brian Moynihan, invoking and chiding the CEO with an unsubstantiated right-wing conspiracy theory that the bank limits business with conservative groups.
The Kirchner Museum in Davos is famed for showcasing expressionist artworks, but on Wednesday night it was best-known for where Jamie Dimon was throwing a big party.
An unexpected development occurred when Jamie Dimon, the CEO of JPMorgan Chase, openly praised Tesla CEO Elon Musk in a recent interview at the World Economic Forum in Davos, Switzerland. Over the years,
Jamie Dimon, the billionaire head of the U.S.’ biggest bank, lauded Tesla CEO Elon Musk, the richest man on the planet and a key part of President Donald Trump’s administration, on Wednesday, squashing a long-running beef between the billionaires’ companies as Dimon becomes the latest billionaire warming to Musk or Trump.
The president's freewheeling, off-the-cuff proclivities will likely have big effects on markets, and top bankers are getting ready for potential volatility.
The glitzy Davos shindig hosted by Qatar’s $510 billion wealth fund attracted a who’s who of Wall Street. Most Read from BloombergHow Sanctuary Cities Are Preparing for Another Showdown With TrumpTexas HOA Charged With Discrimination for Banning Section 8 RentersDonations to LA Fire Victims Rise Past $200 Million MarkLA Schools Wrecked by Fires Plead on GoFundMe for Help to ReopenNY’s Hochul Calls for Law Banning Cell Phone Use in SchoolsFinancial heavyweights from Blackstone Inc.
JPMorgan Chase has set up a war room in response to President Trump’s many executive orders, while other firms are scrambling.
The U.N. chief ratcheted up his warning about climate change and said the world’s thirst for fossil fuels is a “Frankenstein monster” that spares no one, while calling for greater attention to risks posed by artificial intelligence if its ascent goes ungoverned.
JPMorgan Chase & Co. Chief Operating Officer Daniel Pinto said private credit’s financing of small businesses warrants attention, given the booming industry has yet to experience the fallout from an economic deterioration.