JPMorgan's Dimon hopes for soft landing for US economy but says stagflation possible scenario
JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation.
In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the US economy and said inflation may be stickier for longer and that “stagflation is on the list of possible things” that could happen to the US economy.
Read MoreStudent protesters denounce antisemitism amid criticism over pro-Palestinian encampments at college campuses
Student protesters critical of the Israeli government’s military actions in Gaza have continued to face accusations of antisemitism, as politicians from across the ideological spectrum react to the widening demonstrations on college campuses.
But many of the student groups behind the protests – including Jewish activists voicing their support for a cease-fire in Gaza – said that individuals making inflammatory remarks do not represent their groups or their values concerning the war in Gaza.
Read MoreELAM: Oil corrects, tech stocks top
Berkshire now owns a 27% stake in Occidental Petroleum worth $13.6 billion.
— December 14, 2023
That is Warren Buffet’s BRK company.
» Read more about: ELAM: Oil corrects, tech stocks top »
Read MoreInvesting in Elevance Health (NYSE:ELV) five years ago would have delivered you a 118% gain
Student protesters denounce antisemitism amid criticism over pro-Palestinian encampments at college campuses
Student protesters critical of the Israeli government’s military actions in Gaza have continued to face accusations of antisemitism, as politicians from across the ideological spectrum react to the widening demonstrations on college campuses.
But many of the student groups behind the protests – including Jewish activists voicing their support for a cease-fire in Gaza – said that individuals making inflammatory remarks do not represent their groups or their values concerning the war in Gaza.
Read MoreThe Burst
Pick and Shovel EV Play (Hint, Not Tesla)
In light of Tesla’s recent workforce reduction as sales slump, it may seem like a risky play to invest in an EV pick and shovel play but we’re eyeing Infineon, with a market cap of around $43 billion as an opportunity.
It’s a company that is best known for SiC and GaN technologies that are designed to meet rising demand in the sector as a whole.
» Read more about: Pick and Shovel EV Play (Hint, Not Tesla) »
Read MoreThe Ivy
Down We Go?
Yesterday, we discussed how the market had shown relative strength recently and asked the question whether the bullish sentiment would last. While it’s hard to know precisely when a bottom will take place, we highlighted the danger of trying to pick the low point because inevitably at some stage betting on the bottom will lead to a losing trade where lower lows follow.
» Read more about: Down We Go? »
Read MoreThe Spotlight
Chipotle’s Sizzling Success Fueling Unstoppable Growth
Chipotle Mexican Grill continues to thrive in the fast-casual dining sector, surpassing expectations despite facing tough year-over-year revenue comparisons.
The burrito chain not only maintained its growth trajectory but accelerated it, translating to a 14.1% increase year over year to $2.7 billion in Q1 2024. The growth is particularly impressive given that it follows a 17.2% increase in the same quarter last year.
» Read more about: Chipotle’s Sizzling Success Fueling Unstoppable Growth »