A man counts 100 renminbi notes with the Chinese flag in the background. Sheldon Cooper | SOPA Images | LightRocket | Getty Images China’s new bank loans fell to a 15-year low in July in what some analysts see as a sign of continued weakness in the economy. But others said investors “should not panic” as seasonality and regulations…
JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial phase of a broader plan to inject the technology throughout the sprawling financial giant. The program, called LLM Suite, is already available to more than 60,000 employees, helping them with tasks like writing emails and reports. The…
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a “soft landing” for the U.S. economy are around 35% to 40%, making recession the most likely scenario in his mind. When CNBC’s Leslie Picker asked Dimon if he had changed his view from February that markets were too optimistic on recession risks, he said…
