Jamie Dimon gets a raise to $31.5 million after record 2019 profit at JP Morgan
Jamie Dimon, CEO of JP Morgan Chase, appears on CNBC’s Squawk Box at the 2020 World Economic Forum in Davos, Switzerland on Jan. 22nd, 2020. Adam Galica | CNBC J.P. Morgan Chase CEO Jamie Dimon got a 1.6% raise to...
US weekly jobless claims increase less than expected
A “Now Hiring” brochure for home health aides is displayed during a New York Career Fairs event in New York. Sarah Blesener | Bloomberg | Getty Images The number of Americans filing for unemployment benefits increased less than expected last...
India’s shadow lending sector is in a ‘better position’ after two years of clean up, says bank chairman
India’s troubled shadow banking sector is not out of the woods yet, but it may be in a “much better position” than before, said the chairman of the country’s largest public lender. Rajnish Kumar, chairman of the State Bank of...
Trump says GDP would be near 4% and the Dow could be 10,000 points higher if it weren’t for the Fed
President Donald Trump told CNBC on Wednesday that U.S. economic growth would have been closer to 4% if it weren’t for the lingering effect of Federal Reserve rate hikes. “That was a big blip that should not have taken place. It...
Trump says he ‘could get used to’ negative interest rates as he knocks the Fed: ‘Love that’
President Donald Trump on Tuesday spoke glowingly of negative interest rates and took another shot at the Federal Reserve to a global audience. “Even now as the United States is by far the strongest economic power in the world, it’s...
This one stock will signal whether the coronavirus situation is getting serious
InterContinental Hotel in Toronto, Ontario, Canada. Roberto Machado Noa | LightRocket | Getty Images If investors want their finger on the pulse of the coronavirus threat, they can look no further than InterContinental Hotels Group. The London-based hotel chain is...
Netflix paints a happy face on growing threat of U.S. competition
CEO Of Netflix, Reed Hastings, attends the red carpet during the Netflix presentation party at the Invernadero del Palacio de Cristal de la Arganzuela on April 4, 2019 in Madrid, Spain. Juan Naharro Gimenez | Getty Images Netflix downplayed concerns...
Trump at Davos urges countries to ‘put their own citizens first’ as he touts US economic success
President Donald Trump took an opportunity to address world leaders on Tuesday to trumpet his “America First” agenda and encourage other nations to adopt a similar nation-focused approach to economics and political relations around the world. “America’s newfound prosperity is...
White House top economic advisor Larry Kudlow says economic growth will beat 3% this year
President Donald Trump’s top economic advisor, Larry Kudlow, told CNBC on Tuesday that GDP growth in the U.S. should hit at least 3% in 2020. “This is a long cycle, and what you’ve got here in the Trump years is...
JP Morgan announces new division to fund at least $100 billion in emerging market projects
Jamie Dimon, Chairman and CEO of JP Morgan Chase. Adam Jeffery | CNBC J.P. Morgan Chase announced the creation of a new business called the Development Finance Institution to boost private investment in emerging-market development projects. The lender said it...