Investors are split on the AI trade, but they’ve converging on one sector of the stock market in particular in recent months: financials. Hedge funds and mutual funds have both poured money into the sector, even as their investing moves diverge when it comes to high-flying areas like AI. In fact, both groups’ buying of
The dollar could eventually lose its status as the world’s reserve currency if the US fails to maintain its economic and military dominance, JPMorgan Chase CEO Jamie Dimon said. “If we’re not the strongest military in 25 years and the strongest economy, we won’t be the reserve currency either,” Dimon said on PBS’ “Firing Line
Jamie Dimon doesn’t often give hour-long interviews, but when he does, he covers a lot of ground. The JPMorgan CEO appeared on “The Master Investor Podcast with Wilfred Frost” on Monday, days after reporting the bank’s highest-ever quarterly profit of $21.2 billion, and describing an environment that is “about as good as it gets” for
