Tuesday, April 4, 2023

JPMorgan's Jamie Dimon warns banking crisis will be felt for 'years to come'

The banking crisis triggered by the recent collapses of Silicon Valley Bank and Signature Bank is not over yet and will ripple through the economy for years to come, said JPMorgan Chase CEO Jamie Dimon on Tuesday.
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JPMorgan's Jamie Dimon warns banking crisis will be felt for 'years to come'
The banking crisis triggered by the recent collapses of Silicon Valley Bank and Signature Bank is not over yet and will ripple through the economy for years to come, said JPMorgan Chase CEO Jamie Dimon on Tuesday. Read more »
 
The creator of the Catan board game has died
Klaus Teuber, creator of the blockbuster board game Catan, has passed away. Read more »
 
Founder of buzzy financial app Frank arrested, charged with defrauding JPMorgan Chase
Charlie Javice, founder of the buzzy student financial assistance startup Frank, was arrested Monday night and charged by the US Securities and Exchange Commission for allegedly defrauding JPMorgan Chase in the $175 million acquisition of her company. Read more »
 
Elon Musk loses his position atop Forbes' annual billionaires list
Elon Musk has officially been dethroned from from the top of Forbes' annual "World's Billionaire's List." Read more »
 
Walmart lays off 2,000 warehouse workers
Walmart is laying off more than 2,000 workers at five US warehouses that fulfill website orders, weeks after America's largest private employer warned it's in for a tough year ahead. Read more »
 
What the OPEC cuts mean for Putin and Russia
Some of the world's largest oil exporters shocked markets over the weekend by announcing that they would cut oil production by more than 1.6 million barrels a day. Read more »
 
 
 
 
Dow Nasdaq S&P
-198.77   -63.13   -23.91
33,402.38   12,126.33   4,100.60
-0.59%   -0.52%   -0.58%
YTD +0.77%   YTD +15.86%   YTD +6.80%
 
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Newmont Corporation +3.80%
 
Extra Space Storage Inc +3.66%
 
ServiceNow Inc +2.49%
 
EQT Corp +2.14%
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United Rentals Inc -7.70%
 
Marathon Petroleum Corp -7.24%
 
Nucor Corp -6.88%
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