Elon: Tesla Is a Robotics Company Now

Elon Musk's new plan for Tesla's future has nothing to do with electric cars... TechRadar reports it "will blow your mind..." & McKinsey says it "will shape the coming decade." We recently got our hands on a video clip detailing this breakthrough.

Jamie Dimon Warns Of Global Risks To Economy: 'Treacherous And Getting Worse'

Bibhu Pattnaik
October 12, 2024

Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), issued a stark warning about challenges that could affect the U.S. economy.

What Happened: In the bank’s third-quarter earnings release, Dimon highlighted several critical global risks that could disrupt both economic and geopolitical stability.

Dimon, who heads the nation’s largest bank, noted concerns around slowing inflation, fiscal deficits, and global trade disruptions, and warned that geopolitical instability could have profound long-term consequences, Fox Business reports. He noted the importance of preparing for unpredictable outcomes.

Dimon also pointed to the need for a robust approach to handling infrastructure needs and warned that remilitarization efforts globally could increase instability.

“We have been closely monitoring the geopolitical situation for some time, and recent events show that conditions are treacherous and getting worse,” Dimon said in the news release.

Also Read: Dimon Calls Out Red Tape – Says It’s ‘Deeply Frustrating’ America Isn’t Solving Its Problems

“There is significant human suffering, and the outcome of these situations could have far-reaching effects on both short-term economic outcomes and more importantly on the course of history,” he added.

While acknowledging the resilience of the U.S. economy, Dimon – who has been floated as a possible future Treasury secretary or Federal Reserve chair – said that the U.S. must get its fiscal house in order.

“Additionally, while inflation is slowing and the U.S. economy remains resilient, several critical issues remain, including large fiscal deficits, infrastructure needs, restructuring of trade and remilitarization of the world,’ Dimon said.

“While we hope for the best, these events and the prevailing uncertainty demonstrate why we must be prepared for any environment,” he added.

Read Next

Jamie Dimon Rejects Trump Endorsement Claim, Casting Doubt On Treasury Rumors

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Continue Reading...

Popular

Nuclear Energy Stocks Are Hot: Here's A List Of Tickers To Watch

Nuclear energy-related stocks have taken off following major announcements from Google and Amazon as the tech industry turns to nuclear energy to power AI data centers.

Elon Musk's Mother Does Harris Impression During TV Appearance

Maye Musk, mother of Elon Musk, has sparked a flurry of reactions following her controversial imitation of Kamala Harris on Fox Business.

Wall Street Insider Issues Crash Prediction - Ad

As AI stocks stumble/swing, Whitney Tilson just went on camera once again with his latest crash warning. If you have money in a single stock right now -- especially a tech stock -- you need to see what he's calling for today.

Trump: Harris Presidency Would 'Guarantee' World War III

Donald Trump said Saturday that the election of Kamala Harris to the presidency could trigger World War III.

Tim Cook Underscores 'Several Positive Signs' In Apple's China Performance, Refrains From Talking About Economic Stimulus: 'Don't Want To Ad-Lib On The Effect Of It'

Apple CEO Tim Cook expressed cautious optimism about Apple's stable performance in China, highlighting record-high active devices and strong sales, while declining to speculate on the impact of China's economic stimulus.

Why Trump's Victory Could Fuel the Next AI Surge - Ad

Louis Navellier, tech investor and market veteran, believes Trump's return will drive a second AI boom. Get the top six stocks he recommends before they skyrocket.

Cathie Wood Bets Big On Mark Zuckerberg: Ark Pours $19M Into Meta Shares, Dumps Palantir And Tesla Stock

On Thursday, the Cathie Wood-led Ark Invest made significant moves in the market, with prominent trades involving Tesla Inc. (NASDAQ:TSLA), Meta Platforms Inc.

Allies hope a Trump win changes the system for mortgages. Some warn it will make them pricier

If Donald Trump wins the presidential election, Republicans a longstanding GOP goal of privatizing the mortgage giants Fannie Mae and Freddie Mac, which have been under government control since the Great Recession.

The Secret Weapon You Need for This Bull Market - Ad

There's a powerful tool that can remove all the guesswork from trading. It's built to trade the key levels for you, buying dips and selling at the right time, without you having to lift a finger. For a limited time, the creators of this incredible tool are holding a free Workshop where you can see the software in action.

Amazon Shares Surge In Pre-Market As Q3 Earnings Beat Expectations

This surge followed the announcement of third-quarter net sales hitting $158.9 billion, marking an 11% increase from the previous year.

LA County sues Pepsi, Coca-Cola over plastic bottles

LOS ANGELES (AP) — Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Erykah Badu celebrated as fashion icon at CFDA Awards after years of pushing boundaries

NEW YORK (AP) — Erykah Badu was bestowed the icon award by the Council of Fashion Designers of America, playfully saying it was an honor she’d been hoping to get most of her life.

Why Smart Investors Are Choosing This $16 AI Stock - Ad

If you've missed out on NVIDIA's recent 1,600% run...Don't worry because there's one AI stock that could be a lot more lucrative. It's currently trading for only $16. And most importantly... even OpenAI founder Sam Altman admits the future of AI "depends" on this company's work.

Lyft pays $2.1 million to settle case alleging the ride-hailing service deceived drivers

SAN FRANCISCO (AP) — Lyft is paying $2.1 million to settle a lawsuit accusing the ride-hailing service of exaggerating how much money drivers could make while the company was trying to recover from a steep downturn in demand during the pandemic.

Ardelyx Beats Q3 Sales Estimates, Shares Climb

Ardelyx reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report:

Is This Nvidia's Secret Weapon? - Ad

You've likely heard about Nvidia's incredible success in AI. But without this startup's technology, Nvidia's groundbreaking AI chips simply wouldn't be possible. It's still flying under the radar. That could change very soon with a major announcement on the horizon.

More Than $100M Wagered On Presidential Race On Kalshi

Legal betting on the presidential race via online betting company Kalshi has topped $100 million, even as polls continue to show a neck-and-neck race between Kamala Harris and Donald Trump.

Iran Flexes Nuclear Muscle, Threatens US With 'Tooth-Breaking' Retaliation

Iran recently announced its capacity to develop nuclear weapons and issued a stern warning to the U.S. and Israel, threatening a "tooth-breaking response" to Israel's latest attack on Iranian military targets.

Gold Set to Skyrocket as Fed Slashes Rates - Ad

History shows every Fed rate cut leads to a gold boom. And under-$20 play offers exposure to over an ounce of gold -- worth $2,500 -- at a fraction of the price. As the Fed slashes rates, now is the perfect time to buy.

Apple, Amazon, Intel, Peloton, And Tesla: Why These 5 Stocks Are On Investors' Radars Today

U.S. stocks took a downward turn towards the end of trading on Thursday, with the Nasdaq Composite dipping around 500 points.

Microsoft fires employees who organized vigil for Palestinians killed in Gaza

Microsoft has fired two employees who organized an unauthorized vigil at the company's headquarters for Palestinians killed in Gaza during Israel's war with Hamas.

He Called Nvidia at 80 Cents. Here's His Next AI Pick... - Ad

As a Silicon Valley insider, Michael Robinson's uncovered an even bigger story than AI... A mysterious investment that could be the savior of the tech industry. Big Tech executives -- including Sam Altman, Bill Gates and Mark Zuckerberg -- are throwing large sums of money at it. This is the next frontier of tech investing...

Batman Fan? You Can Now Score A Full Size Batmobile Replica For An Eye-Watering Price Of $3M

Wayne Enterprises Experience has 10 full-scale replicas of the famous Batmobile from The Dark Knight trilogy up for sale, each priced at nearly $3 million dollars.

AMD Making 'Great Progress' With AI Giants: Jim Cramer Says AI Chip Story Is 'Not Just Jensen Huang'

Although Nvidia has dominated the AI chip market to date, Advanced Micro Devices CEO Lisa Su believes AMD will continue to see significant growth in the AI space — and she's not alone.

Wavebot: The Automated Trading Tool for This Bull Market - Ad

October through December are historically among the most bullish months for crypto. WaveBot -- an automated trading tool that takes all the guesswork out of profiting in crypto. It trades key levels, buying dips and selling at the perfect time, 24/7. All you need to do is set it up. After that, WaveBot takes care of everything.

Google Delivers New AI Features To Maps, Google Earth, Waze Apps

Google has added new generative AI capabilities to its Google Maps, Waze and Google Earth offerings through the company's Gemini AI model.

$2.5 Million From Meme Coins? One Trader Seems To Have Cracked The Code

A whale made $2.5 million trading meme coins with potential for high profitability. Solonchain highlights effective risk management and upcoming conference on memecoins.

$2 Trillion Disappears Because of Fed's Secretive New Move - Ad

$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being carried out by the Fed that has nothing to do with lowering or raising interest rates. According to Dan Ferris, you should consider moving money to a unique "escape" investment right away.

UK Drug Deaths Reach Historic Highs As Advocates Urge Reform, Harm Reduction Policies

UK drug-related deaths hit record highs in 2023, sparking urgent calls for policy reform and harm reduction to combat this escalating crisis.

Trump's Billionaire Ally Plans To Join Elon Musk's DOGE If Named Treasury Secretary, Recommends Elimination Of These Subsidies

John Paulson, a billionaire investor and a close ally of former President Donald Trump, has revealed his plans to work with Elon Musk on substantial federal spending cuts if he were to be appointed

Tesla Execs Are Freaking Out - Ad

You might not believe what you're about to see is real, but I assure you the video has been left unedited. It's so revolutionary that tech giants like Microsoft, Amazon, and NVIDIA are all lining up to get their hands on it. And Elon Musk has completely restructured Tesla to chase this opportunity.

Final jobs report before election will likely offer a blurred view of labor market

WASHINGTON (AP) — Americans on Friday will get their last major look at the state of the U.S. economy — the October jobs report — just four days before Election Day. The view, though, is likely to be that left many workers temporarily off payrolls.

A Gold Storm Is Coming - Ad

Stansberry Research just released a brand-new warning for what they believe will happen to gold in 2025. Even the most prepared Americans - including many retirees - could be blindsided by what's about to happen.

US economy is believed to have grown at a solid pace again last quarter

WASHINGTON (AP) — Powered by consumer spending, the U.S. economy likely kept expanding at a healthy pace from July through September despite the pressure of still-high interest rates.

Elon Musk: "AI Will Run Out of Electricity ... in 2025" - Ad

This AI boom is going to push America's power grid to the brink... Elon Musk even recently said that AI could run out of electricity by 2025. This crisis may just reveal one of the greatest investment ideas we are ever going to find. My research has recently uncovered two companies that could make a massive difference today.

$1000 Invested In This Stock 15 Years Ago Would Be Worth $14,000 Today

This has outperformed the market over the past 15 years by 7.01% on an annualized basis producing an average annual return of 18.98%.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service