Jamie Dimon: Interest rates, war will cause economic "hurricane"
It won't necessarily be a recession, but expect a rocky road ahead, warns the JPMorgan Chase CEO.
It won't necessarily be a recession, but expect a rocky road ahead, warns the JPMorgan Chase CEO.
High inflation and Russia's Ukraine war may "dramatically increase the risks ahead," Dimon wrote in his annual shareholder letter.
"It's never right to joke about or denigrate any group of people," JPMorgan Chase CEO said in a statement.
Dimon and the CEOs of five of the nation's biggest banks testified before the Senate Banking Committee.
The U.S., along with some of the nation's biggest banks, are pumping big bucks into Minority Depository Institutions.
Delta Air Lines CEO said Georgia's law was based on a lie of "widespread voter fraud" and "this is simply not true."
The IRS is now starting to distribute the third round of stimulus checks, worth up to $1,400 per eligible adult and child. But the timing of getting a check may depend partly on a bank's policies, with some customers of JPMorgan Chase and Wells Fargo expressing frustration after the banks said the coronavirus relief payments won't be available until March 17. CBS Los Angeles reports.
JPMorgan Chase Chairman and CEO Jamie Dimon discusses the bank's new commitments and initiatives to help women and minority-owned businesses. He also discusses the economic recovery in the country, as the Senate prepares to debate the latest stimulus bill, the American Rescue Plan.
Warren Buffett had touted joint venture as as a way to help contain soaring health care costs for workers.
Chief of largest bank warns of "considerable pain and suffering" if pandemic pushes U.S. into "double-dip" recession.
Parents can set allowances through Chase Mobile app, and each child gets their own debit card.
Money will fund small-business loans, affordable housing, and homebuyer grants for Black and Latino communities.
Bank's traders used "spoofing" tactic to influence markets, according to government regulators.
Documents were unearthed by congressional committees looking into the 2016 U.S. presidential election.
Largest U.S. bank detected infections less than a week after workers began returning to New York City headquarters.
Internal investigation found that bank workers deposited emergency business loans into their personal accounts.
CEO Jamie Dimon said in an internal memo that the bank has found evidence of illegal behavior.
JPMorgan Chase expects $32 billion worth of bad loans, nearly triple what it had set aside a year ago, before Covid hit the world.
Retired MLB superstar and star singer/actress fiancée said to have retained JPMorgan Chase to help raise funds for the attempt.
JPMorgan Chase small business client said he applied for loan first day it was available, but money was never approved.
Financial giants including Bank of America, Citigroup and JPMorgan Chase are bracing for massive losses.
CEO Jamie Dimon said it was necessary to set aside the funds "given the likelihood of a fairly severe recession."
Three of the nation's four largest lenders initially wouldn't take loan applications, leaving borrowers in the dark.
The federal government is launching a $349 billion dollar small business loan program Friday, but hours before the program was set to go into effect some of the country's biggest banks weren't ready. Yahoo Finance reporter Sibile Marcellus spoke to CBSN's Reena Ninan about who could be seeing money from the initiative.
Bank says chief executive is recovering after procedure to repair blood leak in his aorta.
On Monday, Cohen testified that former President Donald Trump signed off on plans to reimburse him for a "hush money" payment to Stormy Daniels.
The Biden administration is dramatically increasing tariffs on items including Chinese EVs to solar cells, batteries, steel and more.
AMC and BlackBerry joined the meme stock surge on Tuesday as investors posted screenshots of their trading gains.
Israel's leader acknowledges that more than half of those killed in Gaza are likely civilians, as the U.N. shifts to a lower estimate of women and children victims.
Crews in Western Canada are currently facing 130 active wildfires, including 14 considered out of control. Here's why it's so bad.
America's top diplomat visits Kyiv, says U.S. weapons will make a "real difference" as Ukraine faces a fierce new Russian offensive
The winner of Tuesday's Democratic primary will likely face off against former Gov. Larry Hogan in November.
A woman, now 38, says the pain she says she suffered at the hands of a Chicago Public Schools (CPS) high school English teacher more than 20 years ago remains fresh.
Actor Steve Buscemi appeared to be looking at his phone moments before he was randomly punched in New York City, exclusive video obtained by CBS New York shows.
On Monday, Michael Cohen testified that former President Donald Trump signed off on plans to reimburse him for a "hush money" payment to Stormy Daniels.
AMC and BlackBerry joined the meme stock surge on Tuesday as investors posted screenshots of their trading gains.
Park officials said Thomas Robison was believed to have attempted to travel down the river with his dog on a wooden raft.
The winner of Tuesday's Democratic primary will likely face off against former Gov. Larry Hogan in November.
UnidosUS Action Fund will formally endorse the Biden-Harris ticket at an event in Phoenix, Arizona, as recent polling shows President Biden trailing in the battleground state.
AMC and BlackBerry joined the meme stock surge on Tuesday as investors posted screenshots of their trading gains.
The WNBA is poised to tip off its 28th season with the Las Vegas Aces seeking a three-peat, Caitlin Clark debuting and the league growing faster than ever.
The Biden administration is dramatically increasing tariffs on items including Chinese EVs to solar cells, batteries, steel and more.
A vote by the German automaker's Alabama workers to join the UAW would be a "milestone event," labor expert said.
Everything costs $10 at so-called bin stores — even pricey electronics like TV sets, video game consoles and laptops.
On Monday, Michael Cohen testified that former President Donald Trump signed off on plans to reimburse him for a "hush money" payment to Stormy Daniels.
Arizona's highest court gave the state attorney general 90 additional days to decide further legal action in the case over an 1864 near-total abortion ban lawmakers recently voted to repeal.
The winner of Tuesday's Democratic primary will likely face off against former Gov. Larry Hogan in November.
UnidosUS Action Fund will formally endorse the Biden-Harris ticket at an event in Phoenix, Arizona, as recent polling shows President Biden trailing in the battleground state.
The Biden administration is dramatically increasing tariffs on items including Chinese EVs to solar cells, batteries, steel and more.
Interest in raw milk is rising in the U.S., fueled by both "wellness" and conservative influencers on social media — even though it can make people very sick.
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Eighty-four million Americans had a mental disorder in 2022, while 34 million people had a substance use disorder. About 11 million people dealt with both, but many did not receive professional treatment, partially because of a persistent stigma leading to silence and shame around mental health problems. Michelle Miller reports on how former congressman Patrick J. Kennedy and author Stephen Fried are hoping to make change with their new book.
A Bay Area-based study finds that 80% of Asian American women with lung cancer never smoked and researchers are trying to figure out why.
Some states are cracking down on claims by anti-abortion rights organizations that offer "abortion pill reversal" treatment.
America's top diplomat visits Kyiv, says U.S. weapons will make a "real difference" as Ukraine faces a fierce new Russian offensive
Crews in Western Canada are currently facing 130 active wildfires, including 14 considered out of control. Here's why it's so bad.
Sherif Lawal was knocked down by a blow to the head in the fourth round of a scheduled six-round middleweight fight.
Israel's leader acknowledges that more than half of those killed in Gaza are likely civilians, as the U.N. shifts to a lower estimate of women and children victims.
A collection of silver and gold coins unearthed in Poland may have belonged to notorious fraudster Anthony Jaczewicz.
The WNBA is poised to tip off its 28th season with the Las Vegas Aces seeking a three-peat, Caitlin Clark debuting and the league growing faster than ever.
In celebration of Asian American and Pacific Islander heritage month, Nancy Chen has the story of an inspiring maestro who's breaking barriers while hitting all the right notes.
Actor Steve Buscemi appeared to be looking at his phone moments before he was randomly punched in New York City, exclusive video obtained by CBS New York shows.
In the 20 years after her elimination from "American Idol," Jennifer Hudson has gone on to EGOT winner and host of a successful talk show, which was renewed for a third season.
The Duke and Duchess of Sussex were warmly welcomed in Nigeria, where they wielded celebrity status even as former "working royals."
Researchers are investigating new ways to detect mental health problems through AI-powered apps by collecting data on people's behavior that could help determine shifts in mood in new ways. Dr. Nicholas Jacobson, an assistant professor in the departments of biomedical data science and psychiatry at Dartmouth, joined CBS News to discuss the possibilities.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. For designers, it's a constant and complex balance to get it just right.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. But designing things to do more can often lead to frustrated and unhappy customers. For designers, it's a constant and complex balance to get it just right. Correspondent David Pogue looks at how complicated lives – full of endless features – may be getting easier to navigate thanks to technology.
Apple's "Crush!" advertisement for the new iPad Pro features a myriad of artistic tools getting smashed in a large hydraulic press.
In 2006, bees across the U.S. started dying rapidly. Now, the U.S. honey bee population is at an all-time high, according to the Census of Agriculture. Clay Bolt, manager of pollinator conservation for the World Wildlife Fund U.S., joins CBS News to explain what happened.
Wildfires are forcing thousands from their homes in Canada after burning more than 13,000 acres so far. Terry Cavaliere, emergency operations director for the Fort Nelson First Nation, joins CBS News with the latest.
Parts of the country saw the aurora borealis on Friday night, and the dazzling show was expected to continue on Saturday night, according to experts.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
Of the 66 officers placed on leave, 39 were for general misconduct, including suspected use of excessive force, child endangerment or abuse, possession of contraband and negligent supervision.
A 16-year-old boy carrying a gun opened the back door of a packed church, but was immediately confronted by and escorted away by parishioners.
A quick-thinking church congregation worked together to prevent a mass shooting in Louisiana over the weekend. The church was packed with dozens of kids about to take part in a sacred rite of passage. Omar Villafranca reports.
Residents in New York City are on edge following a string of unprovoked attacks, including two high-profile incidents in the last week. A tourist in Times Square was stabbed over Mother's Day weekend while an award-winning actor was punched in the face by a stranger just days earlier. Nikki Battiste reports on what the NYPD is doing to keep the Big Apple safe.
Actor Steve Buscemi appeared to be looking at his phone moments before he was randomly punched in New York City, exclusive video obtained by CBS New York shows.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The sunspot responsible for the odd series of strong solar flares is so big you can see it with your own eyes from Earth.
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
The 28th WNBA season kicks off Tuesday night with four games, including Caitlin Clark's highly anticipated debut for the Indiana Fever.
In a move supported by both parties, the Biden administration is imposing heavy taxes on some products from China. President Biden is announcing new tariffs on $18 billion worth of Chinese-made products like electrical vehicles, semiconductors, batteries, steel and aluminum.
Robert Costa and CBS News legal analyst Rikki Klieman break down former President Donald Trump's New York criminal trial after Michael Cohen took the stand to testify Monday.
American students are starting to recover from pandemic learning losses, according to a Harvard University study. But test scores still lag behind 2019 levels, and schools will soon run out of federal pandemic-era funding. CBS News reporter Taurean Small examines how different states are addressing challenges in the classroom and on the balance books.
In 2006, bees across the U.S. started dying rapidly. Now, the U.S. honey bee population is at an all-time high, according to the Census of Agriculture. Clay Bolt, manager of pollinator conservation for the World Wildlife Fund U.S., joins CBS News to explain what happened.