Markets

Jamie Dimon tells shareholders he expects the coronavirus to cause a ‘bad recession’ and ‘financial stress similar to the global financial crisis,’ at a minimum

Jamie Dimon’s annual letter to JPMorgan shareholders was published Monday. In it, the bank’s CEO addressed the coronavirus pandemic and the impact it could have on the US economy and JPMorgan. The bank has stopped buybacks, but has not asked for regulatory relief, Dimon said. Watch JPMorgan trade live on […]
Jamie Dimon tells shareholders he expects the coronavirus to cause a ‘bad recession’ and ‘financial stress similar to the global financial crisis,’ at a minimum
Markets

‘Could have been worse’: Consumer confidence fell less than expected in March amid the coronavirus pandemic — but experts warn the pain is just beginning

The US consumer confidence index fell to 120 in March from 132.6 in February, The Conference Board said Tuesday. Consumer confidence has taken a hit amid the coronavirus pandemic and strict social-distancing measures. The March number was not as bad as economists expected, but many are calling for more economic […]
‘Could have been worse’: Consumer confidence fell less than expected in March amid the coronavirus pandemic — but experts warn the pain is just beginning
Markets

‘It won’t be a robust recovery’: Nobel laureate Joseph Stiglitz warns the $2 trillion bailout package will fail to drive an immediate economic rebound

Nobel laureate Joseph Stiglitz in a Wednesday interview with Business Insider’s Sara Silverstein discussed the damage the coronavirus outbreak is inflicting on the US economy and what it might take to eventually rebound from the sudden shock. While he expects the US economy to rebound at some point, “it won’t […]
‘It won’t be a robust recovery’: Nobel laureate Joseph Stiglitz warns the $2 trillion bailout package will fail to drive an immediate economic rebound