Watch CNBC's full interview with 3Fourteen Research's Warren Pies, JPMorgan's Stephanie Aliaga and Truist's Keith Lerner
3Fourteen Research's Warren Pies, JPMorgan's Stephanie Aliaga and Truist's Keith Lerner, join 'Closing Bell' to discuss Trump's trade wars, the technical levels of a market bottom and their overall outlook.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
37 minutes ago
- Entrepreneur
Pine Labs to File IPO Papers with Sebi by June-End, Eyes INR 6,000 Crore Raise
According to people familiar with the matter, the company has mandated Axis Capital, JP Morgan, Morgan Stanley, Citi, and Jefferies as lead bankers for the issue You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Payments and lending platform Pine Labs is preparing to file its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) by the end of June, according to a report by The Economic Times. The Noida-based company is aiming to raise between INR 5,000 and 6,000 crore through an initial public offering (IPO) later this year, with a targeted valuation of $4–5 billion—on par with its last private funding round. According to people familiar with the matter, the company has mandated Axis Capital, JP Morgan, Morgan Stanley, Citi, and Jefferies as lead bankers for the issue. "The plan is to file the DRHP by June-end and target the IPO towards the end of the year, depending on market conditions," one of the sources told ET. Pine Labs, which was formerly headquartered in Singapore, recently completed a structural shift back to India through a reverse flip—a move finalized on April 9 following approval from the Chandigarh bench of the National Company Law Tribunal. The relocation is seen as part of a broader effort to align with Indian regulatory frameworks ahead of the public offering. Regulatory filings for FY24 indicate the company posted an operating revenue of INR 1,743 crore, with a pre-tax loss of INR 339 crore. The company has been working toward a listing over several quarters, having initially pursued a U.S. IPO in 2022 by confidentially filing with the Securities and Exchange Commission (SEC). That plan, which aimed to raise around $500 million, was later shelved. The upcoming IPO puts Pine Labs in the company of other Indian fintechs moving toward public markets. Whether market sentiment will hold through the latter half of the year remains to be seen.
CNBC
an hour ago
- CNBC
India is entering a 'Goldilocks' zone after central bank surprise: JPMorgan
Rajiv Batra, Head of Asia Equity Strategy at JPMorgan, says Indian markets are entering a 'Goldilocks' scenario following the Reserve Bank of India's bigger-than-expected rate cut, with falling inflation, rising liquidity, and lower borrowing costs set to boost growth. He sees broad-based benefits across banks, non-banking financial companies, consumption and real estate, while remaining cautious on IT and autos.
Yahoo
4 hours ago
- Yahoo
JPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon
JPMorgan Chase CEO Jamie Dimon issued a new warning about the U.S. economy, saying that conditions could deteriorate soon and undermine a potential soft landing. "I think there's a chance real numbers will deteriorate soon," Dimon said Tuesday at a Morgan Stanley conference. Dimon pushed back on suggestions that economic surveys showing diminished business and consumer confidence are an indicator of what's to come. He explained that "neither consumers nor businesses ever pick the inflection points," and added that the economy's "soft landing" will probably look weaker as conditions deteriorate. "Employment will come down a little bit. Inflation will go up a little bit. Hopefully, it's just a little bit," Dimon said, adding that reduced immigration could weaken the economy through its impact on the labor market. Jamie Dimon Says He's Not Afraid Of China, But Worries About America's Own Challenges Dimon also raised concerns regarding private credit markets if a recession materializes, saying that banks face different risks in that sector than investors and the current conditions in the sector have made private credit less attractive. Read On The Fox Business App "Do I think that now is a good time to buy credit if I was a fund manager? No," Dimon said. "I wouldn't be buying credit today at these prices and these spreads." Dimon has issued repeated warnings about the U.S. economy in recent months. Jamie Dimon Says A Recession Is Still A Possibility: 'I Wouldn't Take It Off The Table At This Point' In early April, he said in an appearance on FOX Business' "Mornings with Maria" that his personal view was that a recession is a "likely outcome" for the economy. Last month, Dimon said in a Bloomberg Television interview that a recession remained a possibility after the White House delayed and pared back some of its tariff plans to accommodate negotiations. "Hopefully we'll avoid it, but I wouldn't take it off the table at this point," Dimon said. "If there is a recession, I don't know how big it would be or how long it would last." Jpmorgan Lowers Recession Probability After Trump's Tariff Truce With China Dimon said that the uncertainty created by President Donald Trump's tariffs has caused some of the firm's clients to hold off on investments amid the shifts in policy, which have featured delays in the implementation of tariffs as well as changes in tariff levels as the administration negotiates with U.S. trading partners. "I think it's the right thing to do — is to back off of some of that stuff," Dimon said of the tariff pause for negotiations, adding that the two sides should "have an engaging conversation." Economists at JPMorgan lowered the probability of a recession this year from 60% to below 50% following the Trump administration's move to pare back some of the tariffs on China, which were set to be as high as 145% during a temporary 90-day article source: JPMorgan CEO Jamie Dimon warns economic conditions may deteriorate soon Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
