Trillions of dollars in government stimulus aimed at blunting the financial pain caused by the coronavirus pandemic is poised to create a years-long economic boon if spent wisely, according to JPMorgan Chase CEO Jamie Dimon.
Mark Grant on markets, economy
JPMorgan Chase CEO Jamie Dimon called on companies to get more involved in policy-making issues, writing in his annual shareholder letter that it's critical for businesses to act as a "responsible community citizen."
JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Wednesday the United States could be in store for an economic boom through 2023 if more adults get vaccinated and federal spending continues.
The major U.S. bank is planning on welcoming back hundreds of interns for when their summer programs kick-off.
Democratic lawmakers should be cautious about spending too much money on coronavirus relief efforts, according to JPMorgan Chase CEO Jamie Dimon.
President Biden on Tuesday said he supported a proposal from House Democrats that would send $1,400 stimulus checks to Americans earning up to $75,000 annually.
President Biden and Treasury Secretary Janet Yellen will meet with some of the nation's top chief executives including JPMorgan Chase's Jamie Dimon and Walmart's Doug McMillon on Tuesday to drum up support for his nearly $2 trillion coronavirus relief package.
Wells Fargo Chief Executive Officer Charles Scharf's annual pay fell by about $3 million, or 12%, in 2020, a regulatory filing showed on Friday.
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"In determining Mr. Dimon's compensation, the independent members of the Board took into account the Firm's strong performance in 2020 and over the long term, across four broad dimensions: business results; risk, controls & conduct; client/customer/stakeholder; and teamwork & leadership," the company said in an SEC filing Thursday.
The CEO's hypothesis, if borne out, would mean welcome relief from a grim downturn accompanying a pandemic that has killed more than 388,000 Americans, shuttered hundreds of thousands of small businesses and sent unemployment skyrocketing.
Congressional action on a second coronavirus-relief package and the development of vaccines to treat the deadly disease enabled the lender to free $2.9 billion in loan reserves
A growing list of businesses are pausing or reviewing political contributions in response to efforts against the certification of the Electoral College and the Capitol riot by a group of Trump supporters that followed.
Business leaders from Wall Street to Silicon Valley joined trade groups across the nation in calling for an end to the protests and violence on Capitol Hill.
The billionaire argued that elected officials have "a responsibility to call for an end to the violence, accept the results, and as our democracy has for hundreds of years, support the peaceful transition of power."
The not-for-profit, health care-focused entity was created three years ago to bring together the resources of the three major companies in order to create better health care solutions for their U.S. employees and families while reducing the overall costs.
JPMorgan Chase CEO Jamie Dimon said he "thought he heard it" when his aorta burst in March.
The COVID-19 pandemic is likely to come to an end in 2021, but that doesn’t mean New York City’s biggest employers—the mega banks and Wall Street firms—are rushing to return to the Big Apple
JPMorgan Chase CEO Jamie Dimon lashed out at Congress for a months-long deadlock over another coronavirus relief package to help American workers and families still reeling from the pandemic-induced recession.