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Elizabeth Warren Trolls Billionaires In New Campaign Ad
Thursday, November 14, 2019 - 9:41am | 505U.S. Sen. Elizabeth Warren isn’t taking criticism lying down. This week, the Democratic presidential candidate is rolling out an ad targeting a group of billionaires who are critical of her 2% wealth tax proposal. The ad, which targets CNBC viewers in Washington and New York, lays...
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Jamie Dimon Talks $200-Million Detroit Investment On '60 Minutes'
Monday, November 11, 2019 - 11:48am | 623In 2014, JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon called Mike Duggan, mayor of bankrupt Detroit, offer aid. “Why can’t we make Detroit an example of American exceptionalism?” Dimon said of his thinking Sunday on CBS's "60 Minutes." “Have...
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Jamie Dimon On China, WeWork And Brexit
Tuesday, November 5, 2019 - 3:53pm | 508JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon spoke with CNBC's Wilfred Frost in London on Tuesday. Here are some key highlights from the conversation. JPMorgan's third-quarter report showed an 8% increase in revenue year-over-year, which makes it more difficult to win...
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Crypto Industry Celebrates Bitcoin Whitepaper 11th Anniversary
Friday, November 1, 2019 - 3:31am | 484The world’s first cryptocurrency Bitcoin celebrated its 11th birthday on Oct. 31. This is the day when an anonymous actor(s) publicly introduced the digital currency in a whitepaper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System,” under the name Satoshi Nakamoto. The...
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JPMorgan CEO Jamie Dimon: Potential For Zero Rates 'Obviously' A Concern
Wednesday, September 11, 2019 - 9:05am | 405JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon downplayed the likelihood of interest rates hitting zero, but the bank executive is taking steps to prepare for it, CNBC reported Tuesday. What Happened Dimon said Tuesday at a conference in New York he doesn't believe the U.S. will...
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The Lesson From The Capital One Data Breach: The Cloud Is Vulnerable, And We Shouldn't Forget It
Friday, August 9, 2019 - 11:49am | 812The data breach that Capital One Financial (NYSE: COF) disclosed on July 29 was undoubtedly surprising. And yet, it was also entirely predictable. In terms of sheer scope—approximately 106 million impacted accounts over the course of 14 years—this is one of the largest data breaches in...
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'We're All In': JPMorgan Chase Increases Detroit Investment To $200M
Wednesday, June 26, 2019 - 8:33pm | 658When Detroit was embroiled in an $18-billion bankruptcy, Mayor Mike Duggan received a call from JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon — and didn’t believe it was him. It was Dimon on the other end of the line, and the phone call was followed by a $150-million...
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Barron's On: Why JPMorgan Is A Solid Bet Now
Saturday, June 8, 2019 - 1:49pm | 523This weekend's Barron's cover story takes a look at the financial giant that stands out in an out-of-favor sector. That big U.S. bank also happens to be a favorite of Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) CEO Warren Buffett. Other featured articles discuss interpreting...
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What The Trade War Means For The Bond Market
Friday, May 17, 2019 - 2:58pm | 789The ramp in trade tensions between the U.S. and China this month wiped $1.1 trillion in value from the S&P 500 in less than two weeks. Stock investors aren’t the only ones rattled by the trade war, as the bond market is also feeling the impact. Treasury Auction Disappoints On May 8, the...
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JPMorgan Trades Higher After Q1 Earnings Beat, Record Revenue
Friday, April 12, 2019 - 7:25am | 392Shares of JPMorgan Chase & Co. (NYSE: JPM) gained more than 3 percent Friday after reporting a first-quarter earnings beat. What Happened JPMorgan said it earned $2.65 per share in the first quarter on revenue of $29.1 billion versus expectations of $2.35 per share and $28.47 billion. Net...
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Congress Grills Bank CEOs On Systemic Risks, Russia, Executive Compensation
Wednesday, April 10, 2019 - 4:00pm | 689For the first time since the financial crisis in 2008, the CEOs of the largest U.S. banks appeared before Congress on Wednesday to answer questions regarding the size and safety of America’s financial institutions. JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon, Bank of America Corp (...
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Jamie Dimon Takes The Plunge, Leads JPMorgan And US Banks Into Cryptocurrency
Thursday, February 14, 2019 - 8:23am | 486JP Morgan Chase & Co. (NYSE: JPM) has paved a path for big banks to break into cryptocurrency. The markets don’t seem to care. What Happened The bank’s stock was unresponsive Thursday morning to reports revealing a new investment in cryptocurrency. “JPM Coin” will be the...
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JPMorgan CEO Jamie Dimon Talks Recession Risk, Trade With China In Davos
Wednesday, January 23, 2019 - 2:37pm | 519Speaking to CNBC from the sidelines of the World Economic Forum in Davos, Switzerland, JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon said there is a path for the U.S. economy to enter a recession, although it is not yet known when this might occur. What Happened The economy continues to grow...
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JPMorgan Q4 Earnings Print Misses Expectations
Tuesday, January 15, 2019 - 8:34am | 403Big bank earnings season continued Tuesday with JPMorgan Chase & Co. (NYSE: JPM) catching the Street off guard with a notable earnings miss in its fourth-quarter results. What Happened JPMorgan said it earned $1.98 per share in the fourth quarter on revenue of $26.1 billion, which may not...
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Big Bank Q3 Earnings Roundup
Friday, October 12, 2018 - 8:07am | 861Three bank giants reported Q3 earnings Friday morning. Here's a recap of what each bank reported. JPMorgan JPMorgan Chase & Co. (NYSE: JPM) earned $2.34 per share in Q3 on revenue of $27.8 billion. Street analysts were expecting the bank to earn $2.25 per share on revenue of $27.5 billion...