Jamie Dimon says ‘watch out’ as lofty asset prices add to economic risks: ‘My anxiety is high’

JPMorgan Chase CEO Jamie Dimon said Monday that he was anxious over the U.S. economy, citing elevated asset prices and a competitive environment in banking that reminded him of the pre-2008 crisis years. Even as economists tout the Trump administration’s tax and deregulatory policies as boosting economic growth this year, Dimon said that his own…

Read More

China leaves benchmark lending rates unchanged as Beijing signals tolerance for stronger yuan

The People’s Bank of China (PBOC) building in Beijing, China, on Tuesday, April 18, 2023. Bloomberg | Getty Images China’s central bank kept its benchmark lending rates unchanged Tuesday as authorities navigate a balancing act of supporting a slowing economy while maintaining currency stability. The People’s Bank of China held its 1-year and 5-year loan…

Read More