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JP Morgan may spend $20bn on acquisitions, but CEO rejects them as growth fix

JPMorgan Chase CEO Jamie Dimon recently said the bank could spend up to $20 billion on an acquisition in the coming years. However, he has warned that mergers and acquisitions should not be viewed as a solution for weak business growth. Speaking to analysts at a recent financial conference in New York, Dimon said that America's biggest bank is open to pursuing the right opportunity, while stressing that management teams should focus on expanding their businesses organically rather than...

Times of India 6h ago

JP Morgan CEO vows to fight against Act disputed by banking and crypto industries

Jamie Dimon the CEO of America’s largest bank JPMorgan Chase has sharply critisied Coinbase CEO Brian Armstrong and vowed to oppise the Clarity Act, which is a digital-asset bill advacning through Congress. According to a report by Bloomverg, speaking in a Fox Business interview, Dimon dismissed Armstrong as ‘full of sh**t’ and said that banks ‘will not accept’ the current version of the legislation. The Clairty Act, recenlty advanced by the Seneate Banking Committee, has become a flasgpoint...

Times of India 10d ago

‘Discussed various issues’: Capt Amarinder Singh meets Shah, Nadda amid exit buzz

Former Punjab chief minister and senior BJP leader Capt Amarinder Singh on Saturday met Union home minister Amit Shah and BJP national president and Union health minister JP Nadda in New Delhi, days after his public criticism of the party's decision to appoint Kewal Singh Dhillon as Punjab BJP chief. The meetings come amid growing political speculation over Amarinder Singh's future in the BJP, following reports of his dissatisfaction with the party leadership and rumours of a possible return...

Times of India 4d ago

Jamie Dimon in China: As AI adoption accelerates, we will hire more AI specialists

America’s largest bank JP Morgan CEO Jamie Dimon recently said that the bank plans to hire more artificial intelligence specialists as the adoption of technology accelerates. Speaking at the bank’s China Summit in Shanghai with Bloomberg, Jamie Dimon said “I think it will reduce our jobs down the road”, adding “There will be all different types of jobs, and I think we will be hiring more AI people and fewer bankers in certain categories, and it will make them more productive.” Striking a...

Times of India 7d ago

Fujimori vs Sanchez: What to know about Peru’s presidential run-off election

Fujimori vs Sanchez: What to know about Peru’s presidential run-off election The run-off follows a tumultuous first round of voting, which saw long lines, delayed results and accusations of fraud. Nearly two months ago, on April 12, Peru held the first round of its presidential elections. But in the eight weeks since, confusion, protests and scandal have engulfed the results.

Al Jazeera 5d ago

New study reveals the single most critical factor in whether children keep their faith into adulthood

A new study examining how parents can most effectively foster faith in their children found that the family home is the single most critical factor in determining whether a child retains their faith into adulthood. In new research titled "Passing the Torch: How Faith Moves Across Generations," the Institute for Family Studies and Communio looked at adults raised in Christian households to identify the parental behaviors most strongly associated with lasting religious faith. The study found...

Fox News 6d ago

Apple shares slide after big Siri AI reveal

Apple shares fell 3% on Tuesday, a day after the company revealed new artificial intelligence software at its annual Worldwide Developers Conference. Apple announced new frameworks that will allow app developers to tap into Apple's AI on iPhones and Macs, called Apple Intelligence, as well as a new version of Siri called Siri AI that's based on large language models. Apple also revealed that it is using a cloud model "comparable" to so-called frontier models with help from Google and Nvidia.

CNBC 1d ago

J&K political storm after Mehbooba reviews AIIMS project

A visit by PDP chief Mehbooba Mufti to an upcoming AIIMS in Pulwama’s Awantipora on Friday and her review of the project with officials has sparked a political storm in J&K, with the governing NC alleging the Centre orchestrated the move at a time it has intensified demands for restoration of statehood. National Conference (NC) spokesperson Tanvir Sadiq accused the BJP-led Centre of using PDP to create a political counterweight against the Omar Abdullah-led govt. The allegations intensified...

Times of India 3d ago

Titan, Bharti Airtel & more: Top stocks to watch on June 8

Morgan Stanley maintained its overweight rating on Titan with the target price at Rs 5,182. Analysts projected a 19% annual jewellery revenue growth for Titan through FY30. The company is aiming to increase market share from 8.5% to 11%.

Times of India 2d ago

More measures on gold coming? Finance ministry asks banks for information on gold loans

In a move that may possibly be a sign of upcoming measures on gold, the finance ministry has directed bullion-importing banks to furnish detailed information on gold metal loans and loans backed by gold from 2023 onwards. Despite a lower import volume of 721 tonnes compared with the previous year, India's gold import bill rose 24% to a record $71.9 billion in 2025-26. The dozen banks involved in gold imports either borrow gold from international lenders and extend it to jewellers through...

Times of India 1d ago