Thursday, June 8, 2017

Jamie Dimon's heir apparent at JPMorgan is leaving

Matt Zames, the COO of JPMorgan Chase and a 13-year veteran of the bank, is leaving the firm. That means that Wall Street needs to start guessing once more about who could eventually replace Jamie Dimon as CEO.
CNNMoney Markets Now
 
Dow Nasdaq S&P
+8.84   +24.38   +0.65
21,182.53   6,321.76   2,433.79
+0.04%   +0.39%   +0.03%
YTD +7.18%   YTD +17.44%   YTD +8.71%
 
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Euro $1.12 -0.00 / -0.40%
News: What you need to know about the markets
 
 
Jamie Dimon's heir apparent at JPMorgan is leaving
Matt Zames, the COO of JPMorgan Chase and a 13-year veteran of the bank, is leaving the firm. That means that Wall Street needs to start guessing once more about who could eventually replace Jamie Dimon as CEO. Read more »
 
Trump's renewable energy cuts alarm former officials
Trump wants to slash spending on a renewable energy program by 71.9%. Those deep cuts would do "serious harm" to America's energy future, according to former leaders of the program. Read more »
 
Trump's $1 trillion infrastructure promise has an obstacle: His own budget cuts
President Trump's is focused on his proposal for a $1 trillion infrastructure plan. But his administration's budget is cutting infrastructure spending and depending on the private sector to finance 80% of the bill, which critics says could ultimately be paid by state taxpayers. Read more »
 
Nordstrom family could rescue retail giant
Nordstrom shares skyrocketed 17% on Thursday after the struggling department store said it's exploring a deal to go private. Read more »
 
Dow hits record high in the midst of Comey hearing
Wall Street doesn't seem worried at all about FBI director James Comey's hearing in Congress. The Dow, after initially trading sideways, jumped to a new all-time high Thursday afternoon towards the end of the highly-anticipated testimony. Read more »
 
Europe's central bank is done cutting rates
The European Central Bank said Thursday it doesn't expect to have to cut interest rates for the foreseeable future because the economy is improving. Read more »
 
 
 
 
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