Jun 09 2018
Dimon, who appeared in a joint CNBC interview with Berkshire Hathaway chief executive and billionaire business magnate Warren Buffett, has in the past been very sceptical of the crypto, labelling it a "fraud" in September previous year.
In the op-ed, Dimon and Buffett said the pressure to meet short-term earnings estimates has contributed to a drop in the number of public companies in the U.S. in the past two decades.
Buffett, who is chairman of Berkshire Hathaway Inc (BRKa.N), and Dimon wrote in a Wall Street Journal column on Thursday that the pressure to meet short-term estimates has contributed to a fall in the number of US public companies.
So they should stop the forecasting, the two men said.
Dimon said that Schultz "would be a great chief executive or governor or senator or mayor or whatever he wants to do", but added that he's not sure that managing a business makes a person suitable for politics.
Facebook bug set 14 million users’ sharing settings to public
That way, users can reset a post that was inadvertently set to public back to being shared just with friends if they would like. Facebook said a software bug was behind the glotch which saw users' private posts made public over several days last month.
Putin signs Russian 'counter-sanctions' into law
President of Russia, Vladimir Putin has warned against turning sports sites for upcoming FIFA World Cup into markets. Soros is planning to make the euro highly volatile", Putin said, without providing evidence.
Argentina cancels game in Israel after pro-Palestinian protests
Argentina's controversial friendly against Israel has been suspended after threats towards Lionel Messi and waves of protests. The cancellation of the game is being viewed as a major victory for BDS , which seeks equal rights for Palestinians.
Companies often hold back spending on technology, hiring, and research and development to meet quarterly earnings guidance that may be affected by factors outside the company's control, the business leaders wrote.
Buffett and Dimon also blamed the practice for contributing to the decline in the number of public companies in the US over the past 20 years. "Short-term-oriented capital markets have discouraged companies with a longer-term view from going public at all, depriving the economy of innovation and opportunity", they said.
Dimon said the Business Rountable has been quite clear that it doesn't think tariffs are the way to do it. "Public guidance was the fix for many companies".
In a CNBC "Squawk Box" program interview and an opinion piece published in the Wall Street Journal, Buffett and Dimon said quarterly forecasts, known on Wall Street as "guidance", take up management's time and lead to decisions that don't benefit companies or their shareholders. In an interview earlier today on CNBC, Warren Buffett and Jamie Dimon told viewers to "beware" of bitcoin.
Dimon said Thursday that about 20 percent of Business Roundtable members still do quarterly guidance and about 60 percent provide annual targets.
Jun 09 2018
Whittaker favoured in non-title rematch with Romero for UFC 225
UFC middleweight champion Robert Whittaker easily hit the mark, but after a hard cut, his opponent, Yoel Romero did not. Looking significantly worst-for-wear, "The Soldier of God" once again stripped down and weighed in behind a towel.
Jun 08 2018
Chinese smartphone giant ZTE to pay $1bn fine in US
Oclaro got 18 percent of its business from ZTE previous year , while 30 percent of Acacia's total revenue was from ZTE. US goods exported to China a year ago totalled $130 billion while Chinese imports to the USA totalled $506 billion.
Jun 08 2018
Maria Sharapova comments on Forbes' list, loss to Muguruza
Halep, who assured herself of retaining the No. 1 ranking with the victory, earned a fourth chance to win her first major title. The women got their matches done before rain arrived at Roland Garros , leaving the men's quarterfinals suspended in progress.
Jun 07 2018
Rafael Nadal's French Open set streak ends in quarterfinals
Coming into this part of the year, I was losing a few first-round matches, matches that I wanted to be winning, of course". Sharapova looked far from her best right from the start, double-faulting three times to get broken in the opening game.
Jun 05 2018
Duterte kisses Filipina worker in S. Korea
Duterte told the crowd it was just for fun, but critics condemned what they said was his latest macho antic degrading women. As the Philippine president leaned in for the kiss, the crowd enthusiastically cheered.
Jun 04 2018
Apple Has Been Blocking Telegram From Updating Its App Since April
Mostly due to the fact that it was banned for refusing to hand over private encryption keys that would allow the Kremlin to spy on users.
Jun 03 2018
Sears (and Kmart) will close these stores in Pa.
Sales at Sears stores open at least one year, a closely watched industry metric, fell 13.4 percent during the most recent quarter. Liquidation sales at the stores will begin as early as June 14 and all stores will close by early September, the company said .
Jun 01 2018
Roseanne Barr 'forgives' co-stars Sara Gilbert Michael Fishman as they distance themselves
I said: I thought she was white, she looks like my family! "I will examine all of my options carefully and get back to U [sic]". John Goodman was approached by " Entertainment Tonight " about ABC's cancellation of " Roseanne ".
May 30 2018
Congressional leaders get briefings on Russian Federation probe
Nunes, an ardent Trump supporter, originally demanded the information on an FBI source in the Russian Federation investigation . They were anxious that Trump refused to divest himself of his businesses or release his tax returns or health information.
May 30 2018
State of emergency declared as Baltimore devastated by floods
The river rose 17.8 feet in two hours Sunday afternoon, to 24.1 feet, a record from the previous high of 23.6 feet. Destroyed chunks of roadway rest after being washed into a riverbed in flood-ravaged Ellicott City, Maryland .
Jun 07 2018Release Date, New Features And Compatible Devices
Jun 07 2018Kate Spade's Husband Reportedly Wanted A Divorce, Sending Her Into Depression
Jun 07 2018Crocodile Kills Pastor During Baptism Service | Faith
Jun 06 2018Polls open today for Iowa's primary election | Public Announcements
Jun 05 2018City's Leroy Sane omitted from German World Cup squad
Jun 02 2018Texas boy spells 'koinonia' correctly, wins Scripps National Spelling Bee
Jun 02 2018Keith Ellison Boycotting NFL Over 'Cowardly & Idiotic' Anthem Policy
Jun 01 2018Xiaomi Mi 8 with Snapdragon 845 chipset, 3D face unlock launched
May 30 2018Golden State Warriors beat Houston Rockets to reach National Basketball Association finals
May 29 2018Victory or Defeat in Game 7, the Boston Celtics have already won
Jun 08 2018Amazon to show live Premier League football matches
Jun 06 2018Destiny 2's New Fall Expansion Called 'Forsaken,' Bungie Reveals Details In Livestream
Jun 05 2018French Open 2018: Alexander Zverev through after scare from Damir Dzumhur
Jun 04 2018Germany's Merkel to work with Italy's populist new govt
Jun 04 2018Worldwide friendly report: Belgium 0 Portugal 0
Jun 03 2018New US tariffs would make trade deals void, China says
Jun 03 2018Apple launches iOS 11.4
Jun 02 2018Trump accuses Mueller of 'meddling' in mid-term elections
Jun 01 2018How Serena Williams responds to accusations that she 'was born a guy'
May 31 2018Cristiano Ronaldo and Gareth Bale drop twin bombshell over Real Madrid futures
May 31 2018US to push steel, aluminum tariffs on EU, Canada and Mexico
May 31 2018Cavs' James opens up about midseason doubts