In the meantime though, we have some news just out. JP Morgan out this morning uh with JP with Jamie Diamond's uh annual letter and Leslie Picker has that letter. Leslie, >> hey Andrew, good morning.A wide-ranging 50page annual letter from uh chairman and CEO Jamie Diamond this morning on AI. He's saying that investment in AI is not a speculative bubble. And he said, quote, "In the long run, it will have a huge positive impact on productivity." He's saying AI will definitely create and eliminate some jobs a ...

JPMorgan Chase CEO Jamie Dimon, in his annual letter to shareholders, warned that the Iran war could push up inflation and drag down financial markets even further if interest rates start to rise https://t.co/Cmi0fF8w7a ...

HARD AGREE!Jamie Dimon of JP Morgan says raising taxes won’t solve anything.The amount of fraud that happens with politicians and government programs is a big driver of why the younger generation is hurting so badly.Stop the fraud and no new taxeshttps://t.co/XtuOw8Prnq ...

🚨MASSIVE: JPMORGAN TO LAUNCH ITS OWN PREDICTION MARKET...?!According to reports, banking giant JPMorgan has not at all ruled out launching its own prediction market offerings.CEO Jamie Dimon reportedly stated, on the topic of prediction markets..."It's possible one day we'll do something like that"Source: CoinDesk ...

LATEST: Jamie Dimon says JPMorgan is exploring prediction market offerings."It's possible one day we'll do something like that" https://t.co/vxNr9Nbd5k ...

Core Viewpoint - The Islamic Revolutionary Guard Corps (IRGC) of Iran has declared that 18 U.S. tech companies operating in the Middle East, including major firms like Nvidia, Apple, Microsoft, and Google, will be considered "legitimate targets" for attacks in retaliation for U.S. and Israeli actions against Iran [1][2]. Group 1: Threats and Targets - The IRGC has announced that attacks on the identified tech companies will commence at 8 p.m. Tehran time on April 1, warning employees to evacuate their workplaces for safety [2]. - The list of targeted companies includes Cisco, HP, Intel, Oracle, IBM, Dell, Palantir, JP Morgan, Tesla, GE, Spire Solutions, Boeing, and UAE-based AI company G42 [3]. Group 2: Context and Response - U.S. tech firms have been increasing their investments in the Middle East, particularly in AI infrastructure, due to the region's low energy costs and land availability [4]. - Intel has stated that the safety and wellbeing of its team is the top priority and is taking measures to protect its workers and facilities in the region [4].

Group 1 - U.S. President Trump expresses willingness to end military actions against Iran, even if the Strait of Hormuz remains largely closed, suggesting that the war with Iran may soon conclude without U.S. military assistance [4] - Iranian President Pezeshkian states that Iran is willing to end the war, provided its demands are met, particularly guarantees against further aggression [4] - Iranian Foreign Minister Zarif indicates that the current situation is not a negotiation but rather an exchange of information through direct channels or "regional friends," asserting that Iran has not engaged in negotiations with any specific party [4] - The Iranian Revolutionary Guard Corps announces that it will target 18 U.S. information and communication technology and AI companies in the Middle East, including major firms like Nvidia, Apple, and Google [4] Group 2 - Chinese Foreign Minister Wang Yi and Pakistani Deputy Prime Minister Dar discuss the Gulf and Middle East situation, proposing five initiatives: immediate cessation of hostilities, prompt commencement of peace talks, ensuring the safety of non-military targets, securing maritime routes, and upholding the primacy of the UN Charter [5] - Warren Buffett comments that recent market declines are insignificant compared to historical buying opportunities, stating that current stock valuations are not attractive [5] - Buffett estimates that Berkshire Hathaway's investment in Apple has exceeded $100 billion, admitting that he sold too early and would consider increasing his stake if Apple's stock price further declines [5] Group 3 - The People's Bank of China emphasizes the need to leverage both incremental and stock policies to enhance monetary policy regulation [7] - China's economic sentiment improves, with March PMI indices for manufacturing, non-manufacturing, and composite returning to expansion territory at 50.4%, 50.1%, and 50.5%, respectively [7] - State-owned enterprises report total revenue of 12.57 trillion yuan in January-February, a year-on-year increase of 0.2%, while total profits decreased by 2% [7] Group 4 - A series of national regulations will take effect in April, including rules on short-term trading supervision and internet platform pricing behavior [8] - The A-share market experiences fluctuations, with the Shanghai Composite Index down 0.8% and the Shenzhen Component Index down 1.81% [9] - The IPO review process sees a halt for several companies due to outdated financial information, including notable firms like Blue Arrow Aerospace and Changxin Technology [10] Group 5 - The transportation department announces that small passenger vehicles will continue to be exempt from tolls during the Qingming Festival in 2026 [13] - A joint action plan to promote innovation in the Internet of Things industry aims to cultivate ten billion-level connections and fifteen million-level connections by 2028 [13] - The Ministry of Industry and Information Technology plans to compile a new battery development plan, focusing on tracking key operational indicators and preventing low-level capacity duplication [13]

🚨HUGE: JPMORGAN WANTS TO HIT $10B PER DAY ON ITS NATIVE BLOCKCHAINJPMorgan's own Kinexys blockchain currently processes around $5 billion worth of transactions per day - a figure it wants to grow to as much as $10 billion.It hopes the recent signing of Mitsubishi will help drive the transaction growth.Kinexys has so far processed more than $3 trillion worth of transactions.Source: DLNews ...

JPMorgan Chase CEO Jamie Dimon's plan to revive the American dream focuses on growing small businesses, which would also help provide more clients for the bank. ...

Core Insights - JPMorgan Chase & Co. has partnered with Mitsubishi Corporation to utilize JPMorgan's blockchain platform, Kinexys, for managing global payments, indicating a significant integration of blockchain technology in large financial institutions [1][9] Group 1: JPMorgan's Kinexys Blockchain System - Kinexys, launched in 2020, has processed over $3 trillion in transactions and currently handles $5 billion in daily payments, with a target to double this to $10 billion [3][4] - The platform offers benefits such as near-instant fund transfers, reduced reliance on intermediaries, and improved efficiency in cross-border payments, which are particularly advantageous for large multinational companies [4][7] Group 2: Benefits of the Expansion - The partnership is expected to enhance JPMorgan's fee-based income growth through higher transaction volumes and strengthen its payments business by increasing global client adoption [6] - Mitsubishi will benefit from faster fund transfers, improved capital allocation, and enhanced transaction visibility, leading to better financial control and planning [7][9] Group 3: Industry Trends - The U.S. traditional financial industry is increasingly adopting technology-driven systems, with blockchain playing a crucial role in enhancing efficiency and reducing costs in global transactions [2] - Other financial firms, such as BlackRock and Franklin Resources, are also expanding their blockchain initiatives, indicating a broader trend towards blockchain-driven financial infrastructure [12][14]