JPMorgan Chase CEO Jamie Dimon sounded a warning on Tuesday (Sept. 9) after the latest labor market data showed the U.S. economy slowing. A revised report from the Labor Department earlier that day showed the economy created far fewer jobs than previously thought, revising downward...
The Conference Board Leading Economic Index (LEI) for the U.S. declined by 0.3% in June, following a flat reading in May (revised upward from an initial −0.1%), per a Monday (July 21) news release. The Index now stands at 98.8 marking its lowest level since...
The biggest U.S. banks reportedly increased their dividends after passing the Federal Reserve’s annual stress tests last week. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley and Wells Fargo were among the large lenders that boosted their dividends after the stress tests, Bloomberg reported Tuesday (July 1). All...
JPMorgan Chase CEO Jamie Dimon reportedly said Friday (May 30) that after excessive spending by the U.S. government and quantitative easing by the Federal Reserve, a crack in the bond market is “going to happen.” Speaking at the Reagan National Economic Forum, Dimon said, per a Bloomberg report, “I...
April 08, 2025
As the economy continues to reel from President Donald Trump’s tariff announcements, speculation about their impact on the banking and FinTech sectors has reached a fever pitch. The once-promising but cautious outlook for the U.S. economy is now being derailed by growing recession fears, casting a shadow over the entire financial services industry, including the […]
January 29, 2025
The state and stability of one’s job — and by extension, earnings prospects — lies at the heart of consumers’ confidence over their own financial condition, both in the present...
August 23, 2023
Across the United States, ongoing fears that the economy may still be running too hot remain elevated, with most Main Street small- to medium-sized businesses (SMBs) fearing the worst. The...
May 04, 2023
Total investment raised by startups in the Middle East and North Africa region (MENA) and broader Gulf Cooperation Council (GCC) area crossed the $3 billion mark in 2022 as investors...
October 08, 2025
JPMorgan Chase CEO Jamie Dimon declined to rule out the possibility of a recession in 2026, saying Tuesday (Oct. 7) that he will “hope for the best, plan for the worst.” During an interview with Bloomberg Television, when asked if he is “worried about” the possibility of a recession in 2026, Dimon said: “I think […]
September 09, 2025
JPMorgan Chase CEO Jamie Dimon sounded a warning on Tuesday (Sept. 9) after the latest labor market data showed the U.S. economy slowing. A revised report from the Labor Department...
July 21, 2025
The Conference Board Leading Economic Index (LEI) for the U.S. declined by 0.3% in June, following a flat reading in May (revised upward from an initial −0.1%), per a Monday...
July 01, 2025
The biggest U.S. banks reportedly increased their dividends after passing the Federal Reserve’s annual stress tests last week. Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase & Co., Morgan Stanley and Wells Fargo were among the large...
