Barron's

EXCLUSIVE: JPMorgan CEO Jamie Dimon offered up candid, lengthy thoughts about remote work, bureaucracy, and inefficiency during an internal town-hall meeting in Ohio on Wednesday, according to audio recordings of his remarks obtained by Barron's.

The JPMorgan Chase CEO offered up candid, lengthy thoughts about how his company has been operating lately, according to audio recordings of his remarks obtained by Barron’s.

Scoop for Barron's: Managers at JPMorganChase started to notify employees of job cuts last week as part of a series of layoffs the bank plans to make throughout 2025. JPMorgan plans to announce additional cuts in mid-March, May, June, August, and September. The cuts come as the firm reported record profits of nearly $60 billion in 2024 and the stock trades near its all-time high. A spokesperson for JPMorgan told me earlier today that the cuts are "part of our regular management of the business and impacts a very small number employees." The spokesperson said the firm continues to hire "in many areas and work hard to redeploy impacted employees," and that it has some 14,000 open positions while it has added some 7,000 jobs in the past year. JPMorgan employees: please reach me on Signal (my username is rebeccau.10), at rungarino@protonmail.com, or rebecca.ungarino@barrons.com. I regularly handle sensitive source conversations and materials and am happy to go over talking confidentially.

Bruce Van Saun, CEO of Citizens, talked to Barron's Andy Serwer about how he expects President Trump's policies to affect the banking sector. This interview was recorded on December 4, 2024. Watch the full interview here: https://lnkd.in/eV85AsFf

Investors clamor to know when Elon Musk’s SpaceX will sell shares in an initial public offering, but that isn’t happening soon. There is, however, a new secondary market linked to the commercial space leader—buying and selling pieces of the recently exploded Starship.

A Chinese artificial-intelligence lab released a new language model named DeepSeek R1 last week that supposedly cost far less than OpenAI's ChatGPT. If DeepSeek is telling the truth—and we only have its word—it upends the last two years of the AI trade and capital deployment.

The Carlyle Group co-founder David Rubenstein spoke to Barron's Andy Serwer about his investment outlook for retail investors. This interview was recorded on Jan. 22, 2025, at the World Economic Forum meeting in Davos, Switzerland. Read more here: https://lnkd.in/e6WiEA3p

Investors will be watching eagerly to see how much of President-elect Donald Trump’s ambitious agenda is implemented.

It could have widespread effects through the housing, banking, and bond markets. Hedge fund managers like Bill Ackman have built huge stakes in the government-sponsored entities.

Rising bond yields are complicating President-elect Donald Trump’s plans to cut taxes.