News list for "J.P. Morgan"
JPMorgan CEO Dimon: Asset prices are quite high, and there is always a risk that the market will fall. The Federal Reserve will remain independent, but President Trump will speak his mind. We will have a credit-impacted recession, and the exact timing is unclear.
JPMorgan CEO Dimon: We are headed for a credit-impacted recession, and the exact timing is not clear.
JPMorgan Chase and Goldman Sachs estimated that initial jobless claims in the US rose to 235,000 last week. Economists said this could signal that the government shutdown has started to cause related contractors to lose their jobs. If the standoff continues, the number of applications could rise further. Click to view
Analysts at JPMorgan said the current price of bitcoin was "too low" compared to gold because its volatility had fallen to an all-time low; volatility in bitcoin has fallen from nearly 60% at the start of the year to about 30% now, a record low. Analysts said the fair value of bitcoin is around $126,000, a target expected to be achieved by the end of the year.
