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Wall Street’s biggest firms on Friday attempted the tricky two-step of revealing the toll of President Trump’s whiplash tariff policy without outright criticizing a man who has repeatedly tangled with the financial industry for slights both real and imagined. “Obviously,” Jamie Dimon, JPMorgan Chase’s chief executive said in a conference call with reporters. “the China…
When Preston High School in the Bronx announced in February that it was closing, it seemed to many that it was just another in a long list of urban Catholic schools that lacked the money and enrollment to survive. Not even this girls’ school with a famous alumna (Jennifer Lopez, class of 1987) seemed immune…
After three days of global market turmoil not seen since the early days of the Covid-19 pandemic, stocks in Asia regained a measure of calm on Tuesday despite little let up in the escalating trade tensions caused by President Trump’s tariffs. Before markets opened in China, the government unleashed a series of measures to stabilize…
President Trump’s wave of tariffs threatens to bring both short-term economic pain, including lower growth, and long-term damage to America’s standing and trade relationships around the world, the chief executive of Wall Street’s biggest bank warned on Monday. “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of…
There was little rest on Wall Street this weekend. There was plenty of anger, anxiety, frustration, and fear. Anger at President Trump for a brash and chaotic rollout of tariffs that erased trillions of dollars in value from the stock market in two days. Anxiety about the state of the private equity industry and other…
A federal judge early Saturday temporarily restricted access by Elon Musk’s government efficiency program to the Treasury Department’s payment and data systems, saying there was a risk of “irreparable harm.” The Trump administration’s new policy of allowing political appointees and “special government employees” access to these systems, which contain highly sensitive information such as bank…
The slow-moving race to succeed Jamie Dimon at the helm of JPMorgan Chase has lost another entrant. The bank said on Tuesday that Jennifer Piepszak a longtime executive, would become chief operating officer this summer, succeeding Daniel Pinto, who is planning to retire. After the announcement, Ms. Piepszak, 54, said she had notified JPMorgan she…
