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The Latest Breaking News from Jamie Dimon

Elon Musk has a 'super bad feeling' about the economy and wants Tesla to cut jobs

Musk wants the electric auto maker to cut 10% off its staff according to a Reuters report.

WEKU

The Week Ahead: Inflation, confidence and the waning belief in a soft landing

Sell in May and go away is the tired investing adage. Well, will the investment markets now swoon in June?

Miami Herald

Tesla pauses hiring, Musk says need to cut staff by 10%: Reuters

Tesla Inc. Chief Executive Officer Elon Musk said the electric carmaker needs to cut staff by around 10%, noting he had a “super bad feeling” about the economy, according to an internal email seen by Reuters.

Tribune News Service

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Elon Musk has ‘super bad feeling’ about economy and wants to cut 10% of Tesla jobs

Tesla has struggled to restart production at its Shanghai factory after Covid restrictions

The Independent UK

White House says US prepared to handle economic storms as JPMorgan boss predicts ‘hurricane’ ahead

JPMorgan Chase CEO Jamie Dimon is predicting an economic ‘hurricane’ ahead even as the White House says the US economy remains strong

The Independent UK

Cathie Wood Scoops Up $1.2M More In This Crypto-Linked Fintech On The Dip

Cathie Wood-led Ark Investment Management on Wednesday further raised its exposure in Coinbase Global Inc (NASDAQ: COIN) as it scooped up 17,382 shares, estimated to be worth $1.19 million, in the cryptocurrency exchange.

Benzinga

Dow Jones Falls As Microsoft Warns, Economic Data Mixed

The Dow Jones fell as Microsoft warned. The market rally retreated Wednesday as Fed rate hike odds rose and Jamie Dimon saw an economic "hurricane."

Investors Business Daily

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Jamie Dimon Says Fed Action, Russia-Ukraine War Leading To Economic 'Hurricane'

JPMorgan Chase & Co (NYSE: JPM) CEO Jamie Dimon had a sobering message for investors on Wednesday, warning of an economic “hurricane” on the horizon.

Benzinga

Dow Jones Strengthened Into The Close But Finished Negative

The Dow traded well off its lows on Wednesday as the indexes strengthened into the final hour of trading.

Investors Business Daily

What's Going On With Chewy Stock Today?

Chewy Inc (NYSE: CHWY) shares are trading lower Wednesday after Piper Sandler cut its price target ahead of the company's earnings results.

Benzinga

Why Shopify Shares Are Sliding Today

Shopify Inc (NYSE: SHOP) shares are trading lower Wednesday, alongside several names in the broader technology and software space amid a rise in yields. The 10-Year Treasury yield was hovering around 2.94% at press time.

Benzinga

Why Block Shares Are Falling Today

Block Inc (NYSE: SQ) shares are trading lower Wednesday, alongside several names in the broader technology and software space amid a rise in yields. The 10-Year Treasury yield was hovering around 2.939% at press time.

Benzinga

What's Going On With Affirm Holdings Stock Today?

Affirm Holdings Inc (NASDAQ: AFRM) shares are trading lower Wednesday amid a rise in yields. The 10-Year Treasury yield was hovering around 2.93% at press time.

Benzinga

JPMorgan CEO Jamie Dimon warns of economic "hurricane" from Ukraine and Fed tightening

"That hurricane is right out there down the road coming our way."

Axios

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The Independent UK

CEO pay up 17% as profits, stocks soar; workers fall behind

Pay for CEOs who run the biggest U.S. companies soared 17.1% last year, up to a median of $14.5 million

Bangkok Post

Median CEO Pay Package Rose to $14.7 Million in 2021, a New High

The median pay package for chief executives of the biggest U.S. companies reached $14.7 million in 2021, setting a sixth-straight annual record as strong profits and robust markets boosted performance measures.

The Guardian - UK

Bank bosses’ optimism darkens as war follows on the heels of Covid

Last year’s hopes of a return to normal will largely be absent from this week’s downbeat set of UK lenders’ results

Tribune News Service

Robert Burgess: Recession predictions are piling up. Don't freak out

Wall Street’s focus seems to have changed in recent days from how fast and how high the Federal Reserve will raise interest rates to the timing of the next recession. The two are not mutually exclusive. The consensus is that the Fed is so far behind that curve when it…

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news in one place.

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Axios

Jamie Dimon sees "storm clouds on the horizon"

JPMorgan's chief executive is in a prime position to identify emerging economic developments.

Benzinga

Morning Brief: Top Stories Dominating Financial Media on Tuesday, April 12

CNBC Entrepreneur Behind Microsoft’s Wunderlist Raised $11M - Read Why

Axios

WFH revolution showing signs of wear

The movement, grudgingly embraced by Corporate America, is creating negative ripple effects.

The Guardian - UK

Paypal founder launches tirade against ‘gerontocracy’ over bitcoin

Peter Thiel, the libertarian tech investor, says figures such as Warren Buffett are hindering cryptocurrency

Tribune News Service

Thiel blasts Dimon, Buffett and Fink as ‘finance gerontocracy’ at Bitcoin 2022

Billionaire entrepreneur Peter Thiel called Warren Buffett, Jamie Dimon and Larry Fink members of a “finance gerontocracy” opposed to a “revolutionary youth movement” that embraces Bitcoin.

Benzinga

Morning Brief: Top Stories Dominating Financial Media on Thursday, April 7

Reuters Here’s Why HP Shares Are Trading Higher Premarket

Benzinga

'Didn't Do Their Homework:' Bitcoin Bull Scaramucci Takes Shot At Warren Buffett And Jamie Dimon Over Crypto Criticism

SkyBridge Capital founder Anthony Scaramucci took a shot at cryptocurrency skeptics from the world of traditional finance.

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