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JPMorgan's Jamie Dimon says he disagrees with the Fed on inflation being transitory - and once unemployment hits 4.5%, the central bank will start tapering

Mike Blake/Reuters JPMorgan CEO Jamie Dimon said he doesn't see current high US inflation as temporary, speaking to Fox Business on Wednesday. The bank chief also believes the Federal Reserve will start tapering will begin once unemployment reaches 4.5%. Dimon's comments put him at odds with the Fed, which reiterated its view on inflation last week. Dimon also believes that tapering will begin once unemployment reaches 4.5%. Sign up here for our daily newsletter, 10 Things Befo...
Tags: US, Trends, Bureau of Labor Statistics, Federal Reserve, Jamie Dimon, Maria, Fox Business, Fed, Jpmorgan, Jerome Powell, Dimon, Wall Street bank, Opening Bell JPMorgan, Sophie Kiderlin, Mike Blake Reuters JPMorgan


Retail investors' strong 'buy-the-dip' impulse will help keep stocks buoyant in 2021, says TD Ameritrade's JJ Kinahan

Retail investing has boomed in 2020 and 2021. Caroline Purser/Getty Images Retail investors' strong buy-the-dip impulse should help support stocks over the coming months, JJ Kinahan said. The TD Ameritrade strategist said uncertainty about inflation and the Fed should bring volatility, however. Retail investors have been snapping up recent dips largely through buying ETFs, analysts say. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Retail investors have be...
Tags: US, Trends, Federal Reserve, Fed, Invesco, Jpmorgan, Ameritrade, Kinahan, Vanda, JJ Kinahan, Harry Robertson, Viraj Patel, Caroline Purser Getty, VandaTrack Amateur, Beijing Nikolaos Panigirtzoglou


12 reasons why an Amazon Prime membership is worth the $119 annual fee

When you buy through our links, Insider may earn an affiliate commission. Learn more. We think Amazon Prime is worth the money. Keep reading to find out why. Amazon Amazon Prime is $119 for an annual membership, or $12.99 per month. The subscription is a great deal if you plan to use its features, whether sparingly or to shop the daily sales. Read more about how the Insider Reviews team evaluates deals and why you should trust us. Table of Contents: Masthead Sticky Prime 30-Day Free Tr...
Tags: Google, Amazon, Trends, Amazon Prime, Cbs, Medicaid, Amazon Echo, Jpmorgan, EBT, HBO Showtime, Amazon Household, Amazon Amazon Prime, Save 50, Prime Video, Amazon Originals, Shopbop East Dane


Amazon has a discounted Prime membership for students at half the cost - here's how to sign up

When you buy through our links, Insider may earn an affiliate commission. Learn more. Alyssa Powell/Business Insider An Amazon Prime Student membership includes six months free and then a discounted monthly fee. Prime Student comes with many of the perks of an Amazon Prime membership plus college-exclusive benefits. It lasts four years or until your listed graduation date, whichever comes first. Table of Contents: Masthead Sticky Prime Student (medium) Students are eligible for a wid...
Tags: Reviews, Amazon, Deals, College, Trends, Amazon Prime, Back To School, Showtime, Student, Student Discounts, Jpmorgan, Amazon Gift Card, Amazon Lightning Deals, Amazon Prime Student, IP Graphics, Deals (Reviews


Beijing's regulatory crackdown that has hammered Chinese stocks is a 'local' problem that won't threaten global growth even as it spreads to other sectors, JPMorgan says

Chinese stocks have fallen sharply since February. Jie Zhao/Getty Images Beijing's latest regulatory clampdowns are unlikely to be a threat to the broader global economy, JPMorgan said. "We view the risk of further regulatory changes in China as a local rather than global problem," said the analysts. The firm reiterated its overweight rating for emerging markets stocks and said many Chinese stocks are now trading at a relative discount. Sign up here for our daily newsletter, 10 Thing...
Tags: China, US, Trends, Markets, Beijing, Alibaba, Tencent, Jpmorgan, Chines, Marko Kolanovic, Ant Group, Emily Graffeo, MI Exclusive, China Crackdown, Jie Zhao Getty, China regulation


Wall Street has a new uniform now that the pandemic has destroyed formal dress codes

Men cruise past the New York Stock Exchange in Manhattan. Spencer Platt/Getty Images As Wall Street workers return to the office, they're adopting new dress codes. Stretchier, comfier clothes are more popular in the wake of the pandemic. Lululemon's ABC pants and Untuckit's shirts in particular are gaining popularity. See more stories on Insider's business page. The famous Wall Street dress code may be a thing of the past. As workers begin to return to offices in New York ...
Tags: New York, Abc, Wall Street, New York City, Trends, New York Times, Working From Home, The Times, Retail, New York Stock Exchange, Jamie Dimon, Dress Code, Lululemon, Jpmorgan, Pandemic, Lisa Greenwald


Goldman Sachs to pay junior bankers more than any other Wall Street firm

Goldman Sachs will see Morgan Stanley and JPMorgan’s six-figure salaries for entry-level bankers — and raise them $10,000.
Tags: Goldman Sachs, Morgan Stanley, Jpmorgan


It looks like Republican governors are pushing people back to work by ending unemployment early. Meanwhile, claims are up in blue states.

A man fills out paperwork while waiting for his number to be called at an unemployment event in Tulsa, Oklahoma on July 15, 2020. Nick Oxford/The Washington Post/Getty Images States ending extra unemployment benefits early are seeing a plunge in claims, Insider calculates. The trend suggests GOP governors' plans to push more people into the workforce are working. Some economists say virus fears and school closures also play a major role in slow hiring. See more stories on Insider's...
Tags: Utah, Florida, Trends, Gop, Idaho, Louisiana, Republican, Jpmorgan, Tulsa Oklahoma, Joseph Zeballos Roig, Juliana Kaplan, Ben Winck Andy Kiersz


Tether was once the stablecoin king. Now its dominance is threatened by newcomers and legal uncertainty.

Getty Images Regulators are training their sights on tether, the biggest of the dollar-pegged cryptocurrencies known as stablecoins. But even as tether's legal troubles ratchet up, the stablecoin has already seen market share decline. What tether does behind the scenes has become a central focus. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. In 2018, Jeff Bezos told Insider that innovators "have to be willing to be misunderstood." So when Stuart Hoegner, t...
Tags: New York, US, Trends, Markets, Treasury, Crypto, SEC, Janet Yellen, Jeff Bezos, Cryptocurrencies, Doj, Cnbc, Circle, Jpmorgan, Bezos, Jim Cramer


Bitstamp CEO says he's been 'blown away' by interest in ether staking - as exchanges gear up for ethereum 2.0

Excitement is building around ethereum staking. Dado Ruvic/Reuters Bitstamp's CEO has been "blown away" by the amount of interest in ether staking, he told Insider. Bitstamp is one of many exchanges to have added ether staking, amid excitement around ethereum 2.0. Staking is when users put up tokens to gain the right to validate transactions and earn more crypto. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The CEO of crypto exchange Bitstamp has been "blow...
Tags: US, Trends, Coinbase, Jpmorgan, Sawyer, Bitstamp, Harry Robertson, Julian Sawyer, Kenneth Worthington, Dado Ruvic Reuters Bitstamp, July Worthington


Meet the typical Target shopper, a millennial suburban mom with a household income of $80,000

Jessica Rinaldi/Reuters Target has more than 1,897 stores in the US, with 30 of those newly opened in 2020. The Minneapolis-based retailer employs 409,000 people and made $92.4 billion in sales in 2020. Target's average customer is a woman who is 39 years old, white, married, with a household income of $80,000. See more stories on Insider's business page. Target is the seventh-largest retailer in the world, pulling in more than $92.4 billion in sales last year. The store operates ...
Tags: Minneapolis, US, Trends, Target, Jpmorgan, Amazon Google, Walmart Target, DOMINICK REUTER, Jessica Rinaldi Reuters Target


'Rinse, lather, buy the dip': Here's how 3 Wall Street analysts are reacting to Amazon's 2nd-quarter earnings

Amazon Fresh UK store Kate Duffy Amazon's mixed second quarter earnings results led to a more than 7% decline in the stock on Friday.The company reported $113 billion in revenue, missing analyst estimates by about $2 billion.Here's how 3 Wall Street analysts reacted to Amazon's second quarter earnings report.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Shares of Amazon fell more than 7% on Friday after the e-commerce giant released second quarter earn...
Tags: Amazon, US, Trends, Markets, Bank Of America, Aws, Stock Market, Jpmorgan, Stifel, BofA, Matthew Fox, Amazon Stock, Analyst Notes, Amazon Stock Price, Earnings 2021, Amazon earnings


Nokia jumps as the phone-maker beats earnings expectations and lifts outlook

The logo of Nokia is seen before the company's news conference in Espoo Reuters Nokia leapt as much as 7.2% on Thursday on the back of a strong earnings and guidance. The stock bounced on the news, climbing as much as 7% before paring some gains. The Finnish company attributed its success to mobile product launches and its 5G business. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Nokia leapt as much as 7.2% on Thursday on the back of a strong earnings cal...
Tags: Nokia, Trends, Markets, Earnings, Goldman Sachs, 5g, Jpmorgan, FactSet, MI Exclusive, Espoo Reuters Nokia, Ethan Wu, Opening Bell Nokia, Earlier in July JPMorgan


Western governments need to stop dismissing the crypto revolution as speculative and criminal, Mohamed El-Erian says

Mohamed El-Erian is a famous economist who ran PIMCO. Lucy Nicholson/Reuters Mohamed El-Erian said western governments need to take the "crypto revolution" more seriously. The economist said the West risks losing out to China, which is developing its own digital currency. El-Erian said regulators should stop seeing crypto as the purview of criminals and speculators. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Western governments should stop dismissing cryptocu...
Tags: UK, China, Elizabeth Warren, US, Trends, West, Pimco, Financial Times, Jpmorgan, Morningstar, Allianz, BNY Mellon, Mohamed El Erian, El Erian, ERIAN, Harry Robertson


Apple just delivered 'a gold medal performance': Here's how 3 Wall Street analysts are reacting to the tech giant's blockbuster 3rd quarter

Apple is one of the six major retailers that confirmed it uses facial recognition in its stores. ANGELA WEISS / Getty Images Apple's third-quarter earnings report easily exceeded analyst estimates on strength in all of its businesses.Apple reported revenue of $81.4 billion, beating analyst estimates by a massive $7.9 billion.Here's how 3 Wall Street analysts reacted to Apple's blockbuster third-quarter earnings report. Sign up here for our daily newsletter, 10 Things Before the ...
Tags: Apple, China, Trends, Goldman Sachs, Jpmorgan, Wedbush, Ives, Matthew Fox, Daniel Ives, Apple s Services, Opening Bell Apple, ANGELA WEISS Getty Images Apple


Here's more evidence that even $100,000 starting salaries can't persuade graduates to sign up to Wall Street's grueling hours

A man sits on the Wall street bull near the New York Stock Exchange (NYSE) on November 24, 2020 in New York City. Spencer Platt/Getty Images There's more evidence that would-be junior bankers are put off by Wall Street's grueling hours. Graduates are increasingly in favor of better work-life balance, according to a New York Times report. Insider has previously reported on the junior banker shortage. See more stories on Insider's business page. There's more evidence that a s...
Tags: Europe, London, US, Trends, Bank Of America, New York Times, The Times, Goldman Sachs, Times, Stephen, Jpmorgan, Stephen Jones, New York Stock Exchange NYSE, Mary Callahan Erdoes, New York City Spencer Platt Getty, Vince Iyoriobhe


'US strength likely to offset China weakness': Here's what 3 analysts expect from Apple's 3rd-quarter earnings report

Apple CEO Tim Cook. Roy Rochlin/WireImage/Getty Images Apple is scheduled to reports its third-quarter earnings on Tuesday after the market close.Analysts expect the iPhone maker to record $73 billion in revenue and $1.00 in earnings per share.The earnings reports comes as Apple trades near record highs with a $2.5 trillion valuation.Sign up here our daily newsletter, 10 Things Before the Opening Bell.Apple's third quarter earnings report after the market close on Tuesday will help inve...
Tags: Apple, China, US, Trends, Markets, Bank Of America, Goldman Sachs, Stock Market, Apple Stock, Goldman, Jpmorgan, BofA, Matthew Fox, Getty Images Apple, Apple s Services, Apple earnings


10 Florida residents sue state governor Ron DeSantis for ending $300 unemployment benefits 2 months early

Florida Gov. Ron DeSantis announced in May that the state would end its participation in the FPUC program early. Paul Hennessy/SOPA Images/LightRocket via Getty Images Ten Florida residents sued the state for stopping federal unemployment benefits early. They claim the state, and Gov. Ron DeSantis, ended benefits for "political purposes." Florida is among 26 states ending federal unemployment programs early. See more stories on Insider's business page. Ten Florida residents have sued R...
Tags: Florida, Texas, Maryland, Trends, Indiana, Gop, Jpmorgan, Broward County, Court of Appeals, US Department of Labor, Ron DeSantis, Broward County Florida, Paul Hennessy, DeSantis, Joint Economic Committee, Dane Eagle


How JPMorgan is making a big push into wealth management

Jamie Dimon has been CEO of JPMorgan since 2005. Business Insider JPMorgan, headed up by CEO Jamie Dimon since 2005, is the biggest US bank by assets. The firm is setting out to double the size of its financial advisor force catering to rich clients. It's also made a number of wealth leadership changes and new hires. Visit Business Insider's homepage for more stories. JPMorgan is the biggest US bank by assets and a bellwether for the global financial system. So when the firm's...
Tags: Google, Florida, UK, California, US, Trends, Merrill Lynch, Goldman Sachs, Goldman, Robinhood, Jamie Dimon, Cnbc, Wells Fargo, Marcus, Jpmorgan, Reid


China's crackdown on education providers sends stocks tumbling. JPMorgan says the new rules could make the sector 'un-investable'..

A trader rises above the crowd to get his order in July 4, 1997 during a dramatic morning session at the Hong Kong Futures Exchange. REUTERS Chinese education stocks tumbled on Monday after officials announced new rules for the sector. The regulations effectively ban private tutoring, a major sector in China's competitive education system. JPMorgan analysts have said this could make Chinese education stocks 'un-investable'. Sign up here for our daily newsletter, 10 Things Be...
Tags: Hong Kong, China, Trends, Shanghai, Jp Morgan, New York Stock Exchange, Jpmorgan, TAL Education Group, Sophie Kiderlin, New Oriental, Things Before the Opening Bell Chinese education, New Oriental Education and Technology Group, Koolearn Technology Holding


A couple is facing a defamation lawsuit after writing 1-star Google reviews of a roofing company, report says

Autumn Knepper and Adam Marsh complained to the Better Business Bureau about the roofing company. KGW8 A couple reportedly gave a roofing company bad reviews, saying a receptionist was rude to them. The couple say the company's owner demanded that they take down the reviews. They're now accused of defamation and are being sued for $112,000, according to Newsweek. A couple from Vancouver, Washington, is being sued for $112,000 after leaving one-star Google reviews of a roofing compa...
Tags: Google, News, Trends, News UK, Portland, Better Business Bureau, Jpmorgan, Marsh, Newsweek, Vancouver Washington, Bowser, Knepper, Adam Marsh, UK Weekend, Joshua Zitser, Newsweek Read


A couple is being sued for defamation after writing 1-star Google reviews of a roofing company, report says

Autumn Knepper and Adam Marsh complained to the Better Business Bureau about the roofing company. KGW8 A couple from Washington left one-star reviews of a roofing company after a receptionist was rude to them, KGW8 reported. The couple said they were contacted by the company's owner who demanded that they take down the reviews. They're now accused of defamation and are being sued for $112,000, according to Newsweek. A couple from Vancouver, Washington is being sued for $112,000 aft...
Tags: Google, News, Washington, Trends, News UK, Better Business Bureau, Jpmorgan, Marsh, Newsweek, Vancouver Washington, Bowser, Knepper, Adam Marsh, UK Weekend, Joshua Zitser, Newsweek Read


Insider Weekly: Uber's mass exodus - We found Larry Page - Exclusive salary database

Hello!Welcome to this weekly roundup of stories from Insider. I'm Olivia Oran, filling in this week for Matt Turner. Subscribe here to get this newsletter in your inbox every Sunday.What we're going over today:Compare pay from over 250 companies with our new salary database.Uber execs had to address the massive employee turnover. The 57 promising fintechs that are revolutionizing Wall Street.Ryan Tolkin built Schonfeld into an $8.8 billion hedge fund. Skye Gould/Business Insider ...
Tags: Google, Uber, Business, America, Newsletter, Trends, Tesla, Larry Page, Gop, Miami, Silicon Valley, Travis Kalanick, Fiji, Citi Ventures, Whitespace, Trump


A bitcoin ETF may not be approved by the SEC until 2023 despite surging interest, according to a fund provider that's already been through the process

Former Commodity Futures Trading Commission Chairman Gary Gensler testifying before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill on July 30, 2013. Photo by Chip Somodevilla/Getty Images The wait for an SEC approved bitcoin ETF might be longer than most think, according to one fund provider that's been through the approval process.William Cai of Wilshire Phoenix doesn't expect the SEC to approve a bitcoin ETF until 2022 or 2023. "A bitcoin ETF is not on his...
Tags: US, Trends, Cftc, SEC, Capitol Hill, Gensler, Jpmorgan, Cai, Gary Gensler, Matthew Fox, Jay Clayton, Senate Banking Housing and Urban Affairs Committee, Cathie Wood, Wilshire Phoenix, William Cai, Former Commodity Futures Trading Commission


JPMorgan OKs crypto for rich - Ackman axes SPAC deal - Deal toy gold rush

Happy Saturday, and welcome to Insider Finance. Here's a rundown of our top stories from the past week:Bill Ackman pulled the plug on a complex deal for his huge SPACJPMorgan is opening up crypto funds to wealth clients who want them We took a look inside the rise of Schonfeld's Ryan Tolkin It's been a wild year for Wall Street's deal toy makersUBS and Deutsche Bank were the latest to bump pay for junior investment bankers If this email was forwarded to you, sign up here to get y...
Tags: New York, Wall Street, Trends, Reddit, Ubs, Deutsche Bank, SEC, Bill Ackman, Morgan, Jpmorgan, SPAC, Universal Music Group, Ackman, Brian Snyder Reuters, Michael Loccisano Getty, Alan Dyer


There's a good chance Jerome Powell will lose his job as Fed chair due to left-wing pressure, JPMorgan says

Fed chair Jerome Powell is due to speak on Thursday Pool/Getty Images There's a good chance Jerome Powell will not be renominated as Fed chair, JPMorgan said. The bank's chief economist said left-wing Democrats may not want the Republican Powell to stay. He also said that Fed Vice Chair Richard Clarida may not be nominated again for the same reasons. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. There's a significant chance that Jerome Powell will no...
Tags: US, Trends, Joe Biden, Democrats, Ubs, Federal Reserve, Donald Trump, Fed, Jpmorgan, Powell, George H W Bush, Jerome Powell, Lael Brainard, Harry Robertson, Michael Feroli, Richard Clarida


JPMorgan offers crypto to wealthy - Millennium all-in on cloud - Blackstone eyes hotels

Kena Betancur/AFP via Getty Images Good morning and welcome to Insider Finance. I'm Dan DeFrancesco, and here's what's on the agenda today:JPMorgan just gave retail wealth clients access to cryptocurrency funds - making it the first major US bank to do so.IBM is trying to bolster Wall Street's access to quantum computing. Here's how.Millennium Management is using technology as a key tool for recruitment and retention.If you're not yet a subscriber, you can sign up h...
Tags: Amazon, US, Trends, Merrill Lynch, Ibm, Blackstone, Wells Fargo, Reuters, Jpmorgan, Mike Segar, Melcher, Jon Gray, MUFG, KENA BETANCUR, Wells Fargo Wells Fargo, Ross D Franklin


10 things before the opening bell

Spencer Platt/Getty Images Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Plus, sign up here for Insider Investing, our weekly markets analysis newsletter.Let's get into it.1. US futures have got a boost today from a set of blockbuster tech earnings. The S&P 500 is now less than 1% below its record high of 4,393. Shares in Snap and Twitter are on the move. 2. Warren Buffett's Berkshire Hathaway sold Kirby after owning it for 35 years. At...
Tags: US, Newsletter, Trends, Markets, Ubs, SEC, Berkshire Hathaway, Warren Buffett, North America, Musk, Buffett, Jpmorgan, Schlumberger, Kirby, Dogecoin, Howard Marks


Here is what it'll take to pull bitcoin out of its bear market, according to JPMorgan

Nurphoto / Getty Images The bear market in bitcoin is ongoing as momentum traders unwind their positions, JPMorgan said in a note on Wednesday. The bank is looking for signs of new institutional adoption to help lift bitcoin from its rut."We believe that the share of bitcoin in the total crypto market would have to normalize further and perhaps rise above 50%" to end the current bear market, JPMorgan said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The ongoing ...
Tags: Finance, Trends, Markets, Bitcoin, Crypto, Trading, Jack Dorsey, Cryptocurrencies, Jpmorgan, MicroStrategy, Matthew Fox, Bitcoin Price, Elon Musk Jack Dorsey, Crypto Assets, Cathie Wood Read, Bitcoin Price Outlook


Company stock buybacks are on track to hit a record $1 trillion amid ongoing economic recovery

Drew Angerer/Getty Images US companies are set to spend a record $1 trillion on stock buybacks amid the ongoing economic recovery, according to a JPMorgan note.The surge in stock buybacks comes after the COVID-19 pandemic hampered the practice amid heightened economic uncertainty.Leading the charge is Apple's $90 billion stock buyback announced earlier this year.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.Corporate share repurchases are returning with a ven...
Tags: Apple, Finance, US, Trends, Markets, Bank Of America, Trading, Stock Market, Fed, Jpmorgan, Tom Lee, Share Buybacks, Matthew Fox, Fundstrat, Stock Market Outlook, Stock Market Analysis