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JPMorgan CEO Jamie Dimon to managers: Fire those ...

JPMorgan CEO Jamie Dimon to managers: Fire those ...

Time of Indiaa day ago

JPMorgan Chase CEO
Jamie Dimon
has advised managers to
fire employees
and customers who create a
toxic work environment
.JPMorgan Chase CEO Jamie Dimon has reportedly instructed his managers to "fire the a**holes" within their ranks, emphasizing the importance of a healthy workplace culture. Speaking at the Databricks Data & AI Summit, Dimon emphasized the importance of maintaining a positive
workplace culture
, stating that 'it only takes a few of them to destroy a meeting.' His philosophy suggests that removing such disruptive elements, regardless of their individual contributions, is crucial for fostering a more positive and effective workspace.
JPMorgan CEO Jamie Dimon's leadership philosophy
Dimon, known for his direct leadership style, explained that fostering a healthy work environment requires removing disruptive individuals—whether they are employees or clients.
"You have to go out of your way to get the best of people, and it's amazing, if you do, what that does — for a country, a university, a company — if you create that environment," Dimon said.
"You should fire the a**holes. It only takes a few of 'em to destroy a meeting,' added Dimon.
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This directive aligns with a growing emphasis in
corporate leadership
on workplace culture and
employee well-being
, recognizing that a supportive and respectful environment can significantly impact morale, retention, and ultimately, business success.
"I hate to say this, but sometimes those assholes include customers. I have fired customers because they are so rude to our people. And I tell our people that, if I allow that to happen, just think of what you'd think. Just take your energy and put it to someone who actually wants your benefits,' said Dimon.
JPMorgan CEO Jamie Dimon on his retirement plans
JPMorgan Chase CEO Jamie Dimon recently told Fox Business in an interview that his retirement from America's largest bank is still "several years away," leaving the final decision to divine providence and the board of directors. The 69-year-old banking titan, who has led JPMorgan for nearly two decades, indicated he might remain as executive chairman after stepping down from the CEO role.
"It's up to God and the board," Dimon said in the taped interview. "There will be an appropriate time, and then I may stick around for a couple of years as chairman or executive chairman. I love what I do."

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Popularity, policy, and impact: The Narendra Modi model after 11 years
Popularity, policy, and impact: The Narendra Modi model after 11 years

Time of India

time12 minutes ago

  • Time of India

Popularity, policy, and impact: The Narendra Modi model after 11 years

File photo: PM Modi (Photo: ANI) By: Durgesh Upadhyay From 2014 to 2025, Prime Minister Narendra Modi 's government has undertaken several major policy decisions, developmental initiatives, and impactful global engagements. Let us reflect on some of the key highlights from these 11 years. Economic reforms and infrastructure development One of the most significant reforms was the implementation of the Goods and Services Tax (GST) in 2017, establishing a unified tax regime under the concept of One Nation, One Tax. This was a revolutionary change that streamlined the taxation system and strengthened the working dynamics of businesses across the country. To boost industrial investment and position India as a global manufacturing hub, the Make in India campaign was launched. This initiative quickly gained nationwide momentum and engaged citizens across all strata. Although some criticized the execution process, its impact was widely recognized. 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Social welfare and public schemes On the social front, the Ujjwala Yojana provided free LPG connections to millions of underprivileged women, improving household health and hygiene. This initiative brought transformative changes to the lives of countless families. In the healthcare domain, the Ayushman Bharat scheme emerged as the world's largest government-funded health insurance program, providing free medical treatment to millions. This marked a significant step toward improving healthcare access for the underprivileged. Modi's vision has earned praise particularly for its focus on the poor, farmers, youth, and women empowerment. While political criticism is inevitable, it is clear that many of the government's schemes were designed with the common citizen at the center. A key example is the PM-KISAN Samman Nidhi, under which ₹6,000 is transferred annually to farmers' bank accounts. This scheme not only provided direct financial support but also eliminated middlemen through Direct Benefit Transfer (DBT), ensuring transparency. Another landmark initiative is the Swachh Bharat Mission , under which millions of toilets were built across the country, significantly reducing open defecation and fostering a national mindset shift toward cleanliness. Foreign policy and national security India's global stature also saw a major rise under Modi's leadership. India has played an influential role in global forums such as G20, BRICS, and the QUAD. Prime Minister Modi has earned respect on the international stage, and the perception of India and Indians has notably improved worldwide. In terms of national security, India demonstrated its capability to respond decisively to threats. The 2016 surgical strike and the 2019 Balakot airstrike reflected a bold shift in defense strategy. Under the Atmanirbhar Bharat initiative, self-reliance in defense production has been prioritized. 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Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit's Anand James
Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit's Anand James

Time of India

time29 minutes ago

  • Time of India

Nifty may hit 24,060 before recovery, IT breakout imminent: Geojit's Anand James

Despite Friday's recovery attempt, technical charts are painting a cautious picture for Nifty in the coming week. Anand James, Chief Market Strategist at Geojit Investments Limited, believes the recent sell-off isn't over yet and expects the index to test the 24,060 level before any meaningful recovery takes hold. However, it's not all doom and gloom. While broader markets face headwinds, James sees a major breakout brewing in IT stocks , with the sector poised to surge toward 40,300 levels as an inverted Head & Shoulders pattern nears completion. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Nagelpilz-Innovation: Dieses Lasergerät ist ein Wunder Heilratgeber Weiterlesen Undo In an exclusive chat with ETMarkets, the market veteran shares his reading of the current technical setup, explains why PSU banks may struggle despite rate cut expectations, and reveals his top stock picks for the week ahead. Edited excerpts from a chat: Following the sell-off seen in the last 2 days, what are the charts hinting at for the coming week? Do you fear more downside? The lack of momentum early last week, along with longs continuing to constitute just 20% of FII's index future positions, despite Nifty trading above a multi-week consolidation range, was enough signal that there was no enthusiasm in chasing prices higher. However, the steep drop having stretched almost to the lower range of the May-Jun trading band looks to have attracted buying interest. That we are also near 1 standard deviation from the 20-day SMA is also a supportive factor. Meanwhile, though VIX rose 7.6% on Friday, it is still not at a level that is threatening a collapse. With this in perspective, we will continue to nurture upswing hopes, but believe that they will be short-lived, we are more likely to head to 24060 at least, before broad-based strength returns. Note that SMIDs which have been at the forefront of the upswing in the last four weeks, have shown signs of plateauing. Live Events How do you read the outperformance of IT stocks? Will the outperformance continue? The ongoing pullback that began in April appears to be gaining momentum and is likely approaching the final phase of a breakout from an inverted Head & Shoulders pattern on the weekly chart. The index is currently trading near its 50-week exponential moving average (WEMA), which continues to provide dynamic support. From a derivative angle, 60% of the IT stocks saw long buildup on Friday, and 70% saw long addition on a week-on-week basis. A robust green candle on the weekly chart, coupled with strengthening MACD histogram bars, signals growing bullish momentum. This setup suggests further upside potential in the coming weeks. We anticipate the index to advance towards 40,080 and 40,300 levels, driven by strong performances from key constituents such as Infosys, HCL Technologies, Tech Mahindra, and Persistent Systems. Nifty PSU Bank index broke 4-week winning streak to end over 2% lower. As PSU banks and NBFCs are said to be bigger beneficiaries of the rate cut and liquidity easing cycle, do you see chances of positive momentum returning? After three consecutive sessions of decline, the Nifty PSU Bank Index staged a recovery on Friday, forming a strong bullish candle and closing above the 20-day moving average (DMA) at 6,918. This signals a potential short-term pullback toward the 7,000–7,025 range in the early part of next week. However, the weekly chart paints a more cautious picture. The formation of a bearish engulfing pattern, typically a reversal signal, combined with signs of momentum exhaustion in the SMIO histogram and 71% of the stocks witnessing Long unwinding from a derivative point of view on WoW basis, suggests that the rebound may be short-lived and could face resistance later in the week. From a broader perspective, as long as the index holds above the trendline support at 6,350, bulls may attempt to regroup around key support zones. The expected pullback is likely to be driven by strength in stocks such as State Bank of India, Bank of Baroda, Punjab National Bank, Union Bank of India, and Indian Bank. Cochin Shipyard shares were one of the biggest losers in the week and ended around 10% lower. Any thoughts on this stock's trajectory? An evening star pattern spotted in the previous week had set off a week-long downtrend that has now found buying from the 20 day SMA, which is now near 2048. That the SMA also coincides with the 61% fibo retracement of the 21May-6Jun upmove is another reason for the buying interest. Yet, we believe that the ongoing recovery move may not turn lower again after a brief bounce, aiming for the low 1700s. Alternatively, direct rise above 2350-2400 region could keep the uptrend running for a longer period. Give us your top ideas for the week. ASHOKA (CMP: 206) View – Buy Target – 224 SL - 198 The stock has been under pressure for the past five sessions but appears to have found support near the 50% Fibonacci retracement level at 201 (May low and June high). From this level, a recovery attempt is underway. On Friday, the formation of a Doji candle suggests indecision among traders, often a precursor to a potential reversal. Additionally, hourly MACD indicators are showing signs of exhaustion, pointing to a likely short-term pullback in the coming week. 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How much gold is left on Earth? Countries with the largest gold reserves
How much gold is left on Earth? Countries with the largest gold reserves

Time of India

time42 minutes ago

  • Time of India

How much gold is left on Earth? Countries with the largest gold reserves

Gold is one of the rarest and most fascinating elements on our planet. It formed in space during violent collisions between neutron stars and eventually made its way to Earth. Over thousands of years humans have dug up huge amounts of it mostly to make jewellery and store wealth. But how much gold is still hidden underground? And which countries are sitting on the largest untapped reserves? While different organisations give slightly different numbers they all agree on one thing — we've already found a lot but there's still more waiting to be uncovered. Total gold mined on Earth so far The US Geological Survey says humans have mined around 206,000 tons of gold so far. The World Gold Council puts the figure a bit higher at 238,391 tons. That would fit into a cube about 22 metres or 72 feet across. Almost half of this gold has gone into jewellery while the rest is split between coin bars and central bank holdings. How much gold is still underground Even though we've mined a lot, the USGS estimates there are still about 70,550 tons of gold in deposits that can be mined profitably. The World Gold Council gives a slightly lower figure for confirmed reserves at 60,370 tons. It also estimates there could be another 145,626 tons in total gold resources which are less certain but possibly extractable. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Asigurările de sănătate NN vin cu premii garantate. Asigurarea de Sănătate NN Undo So altogether when you add mined gold and known reserves the total gold available to us comes to somewhere between 277,000 and 299,000 tons. Countries with the largest untapped gold reserves The biggest reserves of unmined gold are found in Russia, Australia and South Africa. These countries are sitting on massive underground stores. But when it comes to gold production China is number one bringing more gold to market each year than any other country. Most of Earth's gold is out of reach Even though tens of thousands of tons of gold remain in the crust, that's still only a tiny fraction of the gold Earth holds. Scientists believe about 99 percent of the planet's gold is buried deep in the core completely beyond our reach. The Royal Mint says the Earth's crust holds gold in tiny amounts about four parts per billion which adds up to 441 million tons mostly spread out in tiny particles in rocks and seawater. Why we may never know the full amount Billions of years ago when Earth was still forming most of the heavy elements including gold sank into the molten core. Later a wave of meteorites brought in more gold and that's the part we can access today. Geologists say we won't be getting much more from space and it's likely impossible to ever measure exactly how much gold remains hidden in Earth's crust. So while we've uncovered plenty of gold already there's still a great deal buried deep underground — and even more that we may never be able to reach.

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