All posts tagged "Jamie Dimon"

A CNBC survey of business executives revealed an overwhelming majority expected an economic recession as a result of the Trump tariffs, with one calling the whole situation, "disproportionally stupid and illogical."

The business network reported the results of a "CEO flash survey" it conducted among its CNBC Council members including 22 chief executives. According to the report, 69 percent said they expected a recession, with more than half predicting the economic decline would occur this year. Three-quarters of those CEOs described the coming recession as "moderate or mild," the survey showed.

One CEO labeled it "the Trump recession."...

By Emily Flitter and Matthew Goldstein

NEW YORK (AFP) – US banking giant JPMorgan Chase on Thursday announced a net profit of 4.8 billion dollars in the second quarter, up nearly 80 percent from the same period last year.