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Jamie Dimon backtracks after claiming he ‘could beat Trump’ in an election
JPMorgan Chase CEO Jamie Dimon reversed course after taking aim at President Donald Trump during a JPMorgan event on Wednesday.
“I think I could beat Trump,” Dimon said.
“Because I’m as tough as he is, I’m smarter than he is,” he continued. “I would be fine. He could punch me all he wants, it wouldn’t work with me. I’d fight right back.”
But Dimon, a lifelong Democrat, also added that he could not win an election due to the “liberal side” of the Democratic Party.
Upstart exchange IEX snags its first listing from Nasdaq
IEX, the startup stock exchange made famous in Michael Lewis’ book “Flash Boys,” has snagged a listing from one of its larger rivals.
The New York firm, which gained stock-exchange approval in 2016, announced Wednesday that electronic brokerage Interactive Brokers will switch its listing venue from Nasdaq to IEX in October.
IEX, which was founded by Brad Katsuyama in 2012, is known for its speed-bump stock-trading model that aims to put the world’s fastest trading firms on a level playing field with investors.
The cryptocurrency Ethereum crashed by over 8% on Wednesday, extending a slump for the asset and the wider market.
Ethereum was down 8.6% to $US169.12 just after 9:30 a.m. GMT (4:30 a.m. ET), a level not seen since May 2017, when Ethereum was enjoying its first price surge of the year.
The cryptocurrency is down almost 30% over the past seven days and has mirrored a wider slump in the cryptocurrency market over the past two weeks.
This year’s average Goldman Sachs intern is willing to pay $US6 for avocado toast and admires Obama
Former US President Barack Obama is the most admired figure among this year’s global class of Goldman Sachs interns.
Each year, the investment bank surveys its summer interns on topics as varied as their ambitions and their spending habits. Seventy-six per cent of the 3,162 summer analysts and associates who interned at Goldman worldwide this summer responded to the questionnaire. Goldman published the results on Wednesday.
One of the more frivolous results indicated that the interns were willing to pay $US6 on average for avocado toast, the popular millennial brunch dish.
Obama was the most popular choice as a role model, followed by Sheryl Sandberg, Nelson Mandela, and Steve Jobs.
In markets news
- An investment chief at a trillion-dollar firm breaks down how to avoid some of the costliest mistakes American investors make when buying into other countries
- A Wall Street expert dispels a huge myth about the $US5 trillion ETF market – and explains why tech employees are the big winners of the industry’s explosion
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