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On weekends, Dimon further said that he reads The Economist for comprehensive coverage of global events, including updates from Pakistan, India, the UK, the Middle East, and China

JPMorgan Chase's Jamie Dimon reveals morning routine: 'Up at 4:30, read 5 papers'

On weekends, Dimon further said that he reads The Economist for comprehensive coverage of global events, including updates from Pakistan, India, the UK, the Middle East, and China

Jamie Dimon, Chairman and CEO of JPMorgan Chase, shared his morning routine in a recent interview with the Wall Street Journal. Dimon revealed that he starts his day at 4:35 am and reads five newspapers to stay updated on business and global events. Dimon also said that he begins by flipping through the The Washington Post, noting its wide readership. He reads the front page, the business section, and the editorials of The Washington Post. He praised the editorials for featuring "some very smart people." On weekends, Dimon further said that he reads The Economist for comprehensive coverage of global events, including updates from Pakistan, India, the UK, the Middle East, and China. He commended The Economist for its high-quality reporting. Additionally, he noted that the Financial Times also provides thorough coverage of these regions, expressing his appreciation for its content.&nbsp;

JPMorgan aims at India's growth in 2024, citing "China plus one" strategy's appeal for global giants. India's scale and 6.5% growth projection attract Apple and Tesla, despite infrastructure challenges

JPMorgan identifies India among Asia's top three fastest-growing markets

JPMorgan aims at India's growth in 2024, citing "China plus one" strategy's appeal for global giants. India's scale and 6.5% growth projection attract Apple and Tesla, despite infrastructure challenges

JPMorgan, the Wall Street bank, has set its sights on India as one of the top three fastest-growing markets in the Asia Pacific region for the year 2024. According to Filippo Gori, JPMorgan's CEO for Asia Pacific, India is poised to benefit significantly from the "China plus one" strategy, wherein businesses are diversifying their supply chains beyond China. He stated that India's vast scale makes it an attractive destination for companies worldwide looking to relocate parts of their supply chain.
Global giants like Apple Inc. have already increased their production activities in India, while companies like Tesla are actively exploring opportunities for manufacturing within the country. India, Asia's third-largest economy, is projected to grow at a rapid pace of 6.5% in the financial year ending March 31, 2024, outpacing other major economies. To attract global corporations, India has been offering incentives, including tax benefits.
Despite the ongoing excitement, Gori noted that organized infrastructure remains a challenge in India, which is more scattered and less uniform compared to China. While low-end manufacturing is gradually shifting away from China, high-end manufacturing has not made the transition yet.
JPMorgan has been actively expanding its presence in India, bolstering its investment banking team with the addition of two senior managing directors in the past year. The bank has also focused on growing its commercial banking division, targeting mid-sized companies, and its corporate center business, which handles offshoring-related operations.
Gori also commented on the impact of China's economic slowdown and market fluctuations, stating that the bank has not witnessed a sharp decline in business volumes. JPMorgan primarily serves international companies operating offshore in China, and this segment has remained resilient despite geopolitical challenges.
In conclusion, JPMorgan's positive outlook on India's economic growth and potential as a key market in the Asia Pacific region in 2024 underscores the country's growing appeal for global businesses seeking new opportunities outside of China.

IndexGPT will tap cloud computing software using artificial intelligence for analyzing and selecting securities tailored to customer needs

JPMorgan trademarks ChatGPT like investment advisor 'IndexGPT'

IndexGPT will tap cloud computing software using artificial intelligence for analyzing and selecting securities tailored to customer needs&nbsp;

JPMorgan Chase has applied to trademark a product called IndexGPT, as per a report by CNBC. IndexGPT would be a ChatGPT like software service that uses artificial intelligence to give investment advice to users.
According to the CNBC report, the filing in the New York-based bank says: IndexGPT will tap in to &ldquo;cloud computing software using artificial intelligence&rdquo; for &ldquo;analyzing and selecting securities tailored to customer needs.&rdquo;
Since chatgpt was launched, many companies have been working on ways to make the most of it. But, there are companies including JPMorgan, Apple, Goldman Sachs which have asked its employees to stay away from ChatGPT due to security risks and possible data leaks.&nbsp; This comes, more than a month after JPMorgan reported a record high revenue in the first quarter of the fiscal. It has also bought First Republic Bank that collapsed.&nbsp;

JPMorgan's chief Jamie Dimon is now regretting and retreating his 'joke' about the brokerage firm outlasting China's ruling party as the financial giant issues an apology and retraction of his comments.  It all started when Dimon told an audience in Boston, “I was just in Hong Kong, I made a joke that the Communist Party is celebrating its 100th year. So is JPMorgan. And I’ll make you a bet we last longer,” he said on Tuesday at a Boston event. Dimon added with a chuckle: “I can’t say that in China. They probably are listening anyway.”These comments saw a quick retort by Hu Xijin, editor-in-chief of the Communist Party’s Global Times newspaper, who responded in a blog: “I bet the Chinese Communist Party will outlast the United States of America.”Dimon on Wednesday then walked back the jibe as he issued a release saying "I regret and should not have made that comment. I was trying to emphasize the strength and longevity of our company," The JPM chief  may have felt an apology was necessary, given that JPM has a $20 billion exposure to China.

JPMorgan Chief takes back joke on China, Jamie Dimon says he regrets jibe at the Communist party

JPMorgan Chief Jamie Dimon walks back comments on China where he says the brokerage would outlast the Communist Government

Jokes on Jamie! JPM Chief walks back comments on China 

Start with byte with quote gfx&nbsp; JPMorgan's&nbsp;chief Jamie Dimon&nbsp;is now regretting and retreating his 'joke' about the brokerage firm outlasting&nbsp;China's ruling party as the financial giant issues an apology and retraction of his comments.&nbsp;&nbsp; Dimon&nbsp;on Wednesday then walked back the jibe as he issued a release saying&nbsp;"I regret and should not have made that comment. I was trying to emphasize the strength and longevity of our company,"&nbsp; These comments saw a quick retort by&nbsp;Hu Xijin, editor-in-chief of the Communist Party&rsquo;s Global Times newspaper, who responded in a blog: &ldquo;I bet the Chinese Communist Party will outlast the United States of America.&rdquo; The JPM&nbsp;chief&nbsp; may have felt an apology was necessary, given that JPM has a $20 billion exposure to Chin

JPMorgan spokesperson added that Dimon had acknowledged that he should &ldquo;never speak lightly or disrespectfully about another country or its leadership.&rdquo;

JPMorgan's&nbsp;chief Jamie Dimon&nbsp;is now regretting and retreating his 'joke' about the brokerage firm outlasting&nbsp;China's ruling party as the financial giant issues an apology and retraction of his comments.&nbsp;&nbsp; It all started when Dimon&nbsp;told an&nbsp;audience in Boston,&nbsp;&ldquo;I was just in Hong Kong, I made a joke that the Communist Party is celebrating its 100th year. So is JPMorgan. And I&rsquo;ll make you a bet we last longer,&rdquo; he said on Tuesday at a Boston event. Dimon added with a chuckle: &ldquo;I can&rsquo;t say that in China. They probably are listening anyway.&rdquo; These comments saw a quick retort by&nbsp;Hu Xijin, editor-in-chief of the Communist Party&rsquo;s Global Times newspaper, who responded in a blog: &ldquo;I bet the Chinese Communist Party will outlast the United States of America.&rdquo; Dimon&nbsp;on Wednesday then walked back the jibe as he issued a release saying&nbsp;"I regret and should not have made that comment. I was trying to emphasize the strength and longevity of our company,"&nbsp; The Wall Street banker may have felt an apology was necessary, given that JPM has a $20 billion exposure to China.

Here are the top global business news headlines you need to know-:

Uber's&nbsp;Big Buy:&nbsp;Uber Freight, the rideshare company&rsquo;s trucking divisionto buy a company that makes software to manage shipping for $2.25 billion.&nbsp;The deal is expected to help Uber&rsquo;s trucking division reach profitability
Twitter Earnings Boost:&nbsp;Twitter posts fastest revenue growth since 2014 in pandemic rebound,&nbsp;Twitter&rsquo;s revenue grew 74% year over year. Clocking in revenue worth&nbsp;$1.19 billion which exceeded analyst estimates.
JPMorgan's Crypto&nbsp;Catch: Becomes the first bank to give retail wealth clients access to crypto&nbsp;funds. The bank reportedly old advisors in a memo that they can now take orders to buy and sell five cryptocurrency products,


Global News Wrap: Uber's big buy, Bitcoin bet by JPMorgan, Twitter's stellar revenues

Uber's big $2 billion buy to what is prompting JPMorgan&nbsp;to cryptofunds, Catch the global business news headlines in under 1 minute!&nbsp;

Global Biz News Wrap

Twitter posts 74% growth in revenue as it kickstarts&nbsp;subscriber model for the social platform

Here are the top global business news headlines you need to know-:
<ul>
<li>Uber's&nbsp;Big Buy:&nbsp;Uber Freight, the rideshare company&rsquo;s trucking divisionto buy a company that makes software to manage shipping for $2.25 billion.&nbsp;The deal is expected to help Uber&rsquo;s trucking division reach profitability</li>
<li>Twitter Earnings Boost:&nbsp;Twitter posts fastest revenue growth since 2014 in pandemic rebound,&nbsp;Twitter&rsquo;s revenue grew 74% year over year. Clocking in revenue worth&nbsp;$1.19 billion which exceeded analyst estimates.</li>
</ul>
Read/Watch Also: <a href="https://www.edtr.ai/9v5s">Twitter's&nbsp;new privacy policy</a>
<ul>
<li>JPMorgan's <a href="https://www.edtr.ai/9v5s">Crypto&nbsp;Catch</a>: Becomes the first bank to give retail wealth clients access to crypto&nbsp;funds. The bank reportedly old advisors in a memo that they can now take orders to buy and sell five cryptocurrency products,</li>
</ul>

Global banks named in Suspicious Activity Reports

Several global banks including&nbsp;HCBC, JP Morgan, Standard Chartered, etc have been named in&nbsp; Suspicious Activity Reports for moving more than $2 trillion of allegedly illicit funds

HSBC&nbsp;and Standard Chartered's&nbsp;Hong Kong shares dropped on Monday after some reports said that they and several other global banks moved large sums of allegedly illicit funds over nearly two decades despite red flags about the origins of the money.
BuzzFeed and other media reports were based on leaked Suspicious Activity Reports (SARs) filed by banks and other financial firms with the US Department of Treasury.
The International Consortium of Investigative Journalists (ICIJ)&nbsp;reported that the files contained information about more than $2 trillion worth of transactions between 1999 and 2017, which were flagged by internal compliance departments of financial institutions as suspicious.
Five global banks appeared most often in the documents - HSBC, JPMorgan, Deutsche Bank, Standard Chartered and Bank of New York Mellon, the ICIJ reported.

jpmorgan

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