Financial Highlights from the Recent Week You Should Know About:
- CAREERS: JPMorgan CEO, Jamie Dimon warns bankers about jumping ship to Private Equity
JPMorgan’s outspoken CEO, Jamie Dimon, is issuing a warning to incoming newbie investment bankers:
“If you accept another job within the first 18 months of employment with JPMorgan, you will be terminated.”
Dimon has spoken about his disdain before for the private equity industry in poaching their bankers and now he’s cracking down.
Speaking of “careers”, here’s a list of American companies who recently announced large layoffs… - AI: Private Equity CEO warns AI could eliminate 60% of current private equity jobs by next year
At a recent conference, Vista Equity Partners CEO, Robert F. Smith, warned attendees that AI could eliminate 60% of current private equity jobs by next year.
I guess you better stay at JPMorgan. - LOGISTICS: Amazon tests humanoid delivery robots
In the near future, your Amazon order may be delivered completely autonomously.
The e-commerce behemoth is testing out humanoid delivery robots which ride along Amazon delivery trucks (which are projected to be driven autonomously). - MARKETS: ECB makes eighth rate cut
For the eighth time this year, the European Central Bank (ECB) has cut rates down to 2%.
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