Stocks are rallying around the world on two headlines that support the bull thesis: strong China economic data and J.P. Morgan CEO Jamie Dimon's supportive comments on the U.S. economy.
"We are definitely seeing 'green shoots' and the effect of China's monetary and fiscal stimulus," Brendan Ahern, who runs the KraneShares China Internet ETF and the KraneShares MSCI China A Share ETF, told me. Some geopolitical uncertainty. U.S. economy growing. Inflation moderate. Strong consumer. This, Nick Raich from Earnings Scout tells me, plays into the bull scenario that China is bottoming and the U.S. economy will remain strong:"The main story for investors this year is the numbers are better than feared," he said.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Billionaire CEO Jamie Dimon: 7 simple rules to follow to be a successful bossBanking boss Jamie Dimon runs a company with more than 250,000 employees and a market cap of more than $340 billion. MakeIt One rule is try not to look clueless. JP Morgan's billionaire CEO can't explain how one of his low-paid employees should budget her salary MakeIt Out of touch article after he got torched in Congress for paying employees slave wages. I guess his secret is to award himself massive bonuses while screwing the little guy? MakeIt Successful boss?... what a puff piece. This is the same guy who Rep. Katie Porter made look like a schmuck when she exposed how his underlings have trouble making ends meet, while he rakes in millions annually.
Source: CNBC - 🏆 12. / 72 Read more »
Watch Jamie Dimon and six other bank CEOs get grilled by CongressThe heads of seven huge U.S. banks are set to testify before the Democrat-led House Financial Services Committee. Yes we do Sincerely, Sabastian Cabot We do live in unusually times .. where someone like Jamie Dimon is being questioned by a corrupt, moronic, lifer politician who didnt even though the government took over the school loan business during the Obama Administration... Sobering statement. At least someone understands.
Source: CNBC - 🏆 12. / 72 Read more »
Freshman Democrat presses JPMorgan CEO Jamie Dimon over pay disparity'There is no Patricia ... but in the other way, there are ... tens of thousands of Patricias out there.' RepKatiePorter discusses the numbers crunched and shared with JPMorgan CEO Jamie Dimon during a hearing in Washington. RepKatiePorter This is why I’m a PROUD LIBERAL!!! RepKatiePorter Question - it is Jamie Diamonds fault that 1) the cost of living is very high in California and 2) starting pay for a bank teller is $35k? If the starting pay it is lower than the area’s average wouldn’t the bank have a difficult time filling the position? RepKatiePorter Commission based work? Gender neutral
Source: CNN - 🏆 4. / 95 Read more »
Katie Porter Stumps JPMorgan Chase's Jamie Dimon With Question About Employee's IncomeJPMorgan Chase CEO Jamie Dimon may know a lot about the financial industry,but he has a harder time understanding the money problems facing his ownemployees
Source: YahooNews - 🏆 380. / 59 Read more »
JPMorgan CEO Jamie Dimon Calls Student Loans 'Significant Issue'JPMorgan Chairman and CEO Jamie Dimon weighed in on student loans, which he called 'a significant issue' They sure are. Feds gotta quit dolin’ that shit out like it’s candy Student loans goes up and grants goes down. It’s terrible what greed does to people. Oh FFS
Source: Forbes - 🏆 394. / 53 Read more »
Jamie Dimon says the US economic expansion 'could go on for years'Fears that a recession is on the horizon spiked last month, when bond markets gave signals that confidence in the economy is dimming the further you look out. For him GDP is increasing untied to how our citizens are actually doing. CNNTownHall YANGTOWNHALL YANG2020 Not exactly the IMF projection.
Source: CNBC - 🏆 12. / 72 Read more »
House Democrats grill bankers - and it's not pretty'I appreciate your desire to be helpful, but what I'd like you to do is provide a way for families to make ends meet.' Rep. Katie Porter grills JPMorgan Chase CEO Jamie Dimon during congressional hearing They are do stupid lol “But how do you expect me to rake in $30B, and that’s before the $4B tax refund, if I gots ta share? Wahhhhh” Like these CEO's are scared by these words. None of this will lead to action. All this political posturing just goes right over their head, because they know the Democrats have no spine and won't take any action.
Source: MSNBC - 🏆 469. / 51 Read more »
Killer hog disease now a 'dire situation' in China that could lead to higher global pricesAs African swine fever continues to ravage China's hog herd, the impact may be far worse than Beijing is conceding. It could lead to significant shortages of the country's staple meat and drive up global prices of protein, according to experts. $TSN Perhaps we could trade pigs for soy beans. Might actually help our OWN farmers, ya know? Beware of the fast food supply chain products.
Source: CNBC - 🏆 12. / 72 Read more »
JP Morgan shares surge after record quarterly profits“Even amid some global geopolitical uncertainty, the U.S. economy continues to grow,” said Chief Executive Officer Jamie Dimon. Those bank fees and charges as well as the interest spreads are real bank profit makers! But can't possibly pay more than 35k in Irvine California? Because they pay no taxes? What would happen to this country if every low income earners decided to go exempt on their taxes? Who then would make up the tax breaks for the wealthy? Government would cut even more programs for the poor, children and seniors. Too sad.
Source: NBCNews - 🏆 10. / 86 Read more »
Why 'Star Wars' is a global phenomenon in just about every country — except ChinaGeorge Lucas' space opera is a cornerstone of the modern film industry and a cultural phenomenon around the globe. So, why has it flopped in China? Mmmmmmaybe because it's about freedom-loving individuals standing up to an oppressive central government? Maybe?
Source: CNBC - 🏆 12. / 72 Read more »