All posts tagged: iShares U.S. Financials ETF

Dimon warns on AI job losses, calls for government-business incentives

Dimon warns on AI job losses, calls for government-business incentives

Published by Sam Flores

Jamie Dimon, CEO of JPMorgan Chase, departs the Capitol in Washington, Feb. 25, 2026. Graeme Sloan | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon on Tuesday warned that artificial intelligence could cost the U.S. jobs, and suggested the government could create an incentive system for businesses to help soften the blow. “[If] all of a sudden it creates unemployment, that’s a big problem for society,” Dimon said, speaking on a panel with Palantir defense chief and former U.S. Rep. Mike Gallagher, R-Wis, at the Hill and Valley Forum in Washington. “I don’t know the answer yet, but I would suggest it’s the following: It can’t be just government. It’s got to be business,” Dimon said. “But the government could create a system of incentives that business does the right thing to retrain people, early retirement, moving people … if we have the right system in place, we can accommodate much quicker.” Dimon warned the economic changes driven by AI will happen quickly, warning that they may happen faster than other recent technological advances …

Fed subpoenas blocked by judge; DOJ to appeal

Fed subpoenas blocked by judge; DOJ to appeal

Published by Sam Flores

A federal judge in a scathing ruling blocked subpoenas issued by a grand jury to the Federal Reserve as part of a criminal investigation of Chair Jerome Powell. U.S. Attorney for the District of Columbia Jeanine Pirro immediately said that the Department of Justice would appeal what she called the “outrageous” ruling, after it was unsealed Friday. Friday’s action will likely keep Powell in the chairman’s seat longer because Sen. Thom Tillis, R-N.C., has vowed to block Kevin Warsh’s confirmation to succeed Powell until the federal investigation ends. That may mean interest rates remain higher than President Donald Trump wants for longer because Powell has refused to bend to the president’s demands to lower them further. U.S. District Judge James Boasberg, in his ruling, said evidence showed Pirro was motivated to investigate Powell because of a desire to get the Fed chief to bow to Trump and cut interest rates quickly and broadly. Pirro’s investigation purportedly is focused on the Fed’s multibillion-dollar renovation of its headquarters in Washington and on Powell’s testimony to the Senate …