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.
French Open 2018: Alexander Zverev through after scare from Damir Dzumhur
After defeating Damir Dzumhur on Friday, Zverev reflected on how the right coaching can help take his game to the next level. Dzumhur , however, rallied off three games in a row, and forced a match point as Zverev served to stay in the encounter.
Worldwide friendly report: Belgium 0 Portugal 0
We need to make the outfield players squad 24 hours before Panama, that is the 17th of June. Vincent Kompany limped out of the friendly with Portugal.
Trump accuses Mueller of 'meddling' in mid-term elections
Trump's former campaign manager Paul Manafort has been indicted on multiple charges and is awaiting trial in Virginia. Mueller is leading the probe into potential collusion between the Trump campaign and Russian Federation .
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 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 08 2018
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.
Jun 07 2018
Kate Spade's Husband Reportedly Wanted A Divorce, Sending Her Into Depression
One of Spade's sisters, Reta Saffo, told the New York Daily News that the suicide didn't come as a surprise. Along with her husband, Spade grew a small line founded in 1993 to an worldwide behemoth bearing her name.
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 03 2018
New US tariffs would make trade deals void, China says
He said Washington would use its move on Tuesday to slap punitive tariffs on Chinese imports as a bargaining chip. China has also threatened to hit back with tit-for-tat tariffs on tens of billions of dollars in USA goods.
Jun 02 2018
Texas boy spells 'koinonia' correctly, wins Scripps National Spelling Bee
The end of the biggest Scripps National Spelling Bee in history came abruptly, and it wasn't the conclusion that many expected. In 1985, Balu Natarajan became the first Indian-origin child to win the Spelling Bee and 17 others have followed him.
May 31 2018
Cristiano Ronaldo and Gareth Bale drop twin bombshell over Real Madrid futures
Speaking after the final, Liverpool manager Jurgen Klopp had described the injury as "serious" amid fears Salah had suffered a dislocated shoulder.
May 31 2018
Parents of Parkland Victims Condemn ‘Active Shooter’ Video Game
Steam's owner, Valve, said the game's publisher and developer had a bad history with the company, which led to its cancellation. Ryan Petty , who lost his 14-year-old daughter Alaina Petty in the Parkland shooting in February, dubbed the game "despicable".
May 29 2018
Gas prices nearing $3 gallon nationally
Jackson added that she'd like to go SC for the holiday, but gas prices are so high she sometimes has to choose between activities. As of Friday afternoon, the average price of regular gas in the area was $2.90, up from $2.15 on May 25, 2017.
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Jun 05 2018City's Leroy Sane omitted from German World Cup squad
Jun 04 2018Germany's Merkel to work with Italy's populist new govt
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May 30 2018Congressional leaders get briefings on Russian Federation probe
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May 30 2018Golden State Warriors beat Houston Rockets to reach National Basketball Association finals