JPMorgan's Dimon Warns Against Complacency Amid Mounting Risks
By and Yizhu Wang
Save
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon warned against complacency in the face of a slew of risks, citing everything from inflation and credit spreads to geopolitics.
Dimon said the chances of elevated inflation and stagflation are greater than people think, cautioned that America's asset prices remain high and said that credit spreads aren't accounting for the impacts of a potential downturn.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
TechCrunch
31 minutes ago
- TechCrunch
WWDC 2025: Everything that Apple ‘Sherlocked' this time
Apple announced a slew of major design and feature updates for all its operating systems at WWDC 2025, and just like every year, the company has again built in some features that were previously available through third-party apps. In the Apple world, this is called 'Sherlocking.' In the late '90s, Apple launched a search app named Sherlock for macOS 8 to let users search the web and files on local systems. Another company called Karelia Software had an existing $29 search app called Watson, with plug-ins for better internet search. In 2002, Apple released Sherlock 3, which had features similar to Watson, forcing Karelia to eventually shut its app down. Since then, tech folk have used the term 'Sherlocking' to allude to when Apple builds a new feature that does the same thing as an existing third-party app. Here are the new features that Sherlock what various apps have done in the past: The new Spotlight app on macOS Sherlocked apps: Raycast, Launchbar Yes, Raycast does much more than stringing shortcuts together, and it provides a developer platform too. But when Apple showed off the new Spotlight search for Mac during the keynote on Monday, you couldn't help thinking of Raycast. When you open Raycast, it shows you suggested apps and commands, which is exactly what the new Spotlight will let users do for files, apps, and shortcuts. The kicker, though, is Apple's 'Actions,' which let you do all sorts of stuff like putting an event on your calendar, making a GIF, or creating a folder, just like Raycast lets you do. Techcrunch event Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Save $200+ on your TechCrunch All Stage pass Build smarter. Scale faster. Connect deeper. Join visionaries from Precursor Ventures, NEA, Index Ventures, Underscore VC, and beyond for a day packed with strategies, workshops, and meaningful connections. Boston, MA | REGISTER NOW Image Credits: Apple Spotlight now also lets you access items from the menus for any active windows. Plus, you can define a short string to perform specific actions — for example, you could set the string 'newr' to create a new reminder item. Spotlight is also getting support for the Intents API so developers can add actions from their own apps. Last year, Raycast expanded to Windows and iOS with a suite of AI-powered features. Flight tracking via Live Activities Sherlocked apps: Flighty Flightly, which lets you track your own or your friends' flights and manage check-ins, previously won an Apple Design Award. With iOS 26, Apple is updating Wallet to allow users to see and share flight status through Live Activities. Image Credits: Apple Maps is also getting the ability to let you navigate the airport with information like gates, security, shops, bag claims, food, and restrooms. Flighty also offers some of these features. AI model integration with XCode Sherlocked apps: Alex for Xcode Apple is now making ChatGPT the default assistant for the Xcode 26 coding tool, and is also allowing developers to hook up other AI models using API keys. Image Credits: Alex This takes on a Y-Combinator-backed app called Alex for Xcode, which is an assistant that lets developers perform web searches, fix issues, run terminal commands, search codebases, use local models, replace inline code, and more. Record podcasts locally Sherlocked apps: Riverside On the iPad, a new Local Capture feature now lets creators record videos using any video calling app, and share the recordings with others. Riverside has helped users do this for years, and also provides a full editing suite. It's not clear how useful or powerful Apple's editing tools will be for recording or editing podcasts. Notes for Apple Watch Sherlocked apps: Plenty of apps with similar functionality Apple finally brought the official Notes app to Apple Watch with the WatchOS 26 update. Image Credits: Apple This update Sherlocks several apps that make it easier for users to take notes on Apple Watch. Call screening Sherlocked apps: Robokiller, Truecaller Apple says iOS 26's new Call Assist feature can take calls from unknown numbers silently, note the caller's name and reason for calling, and show you these details, letting you choose to accept or reject the call. You can also type in a response to ask the caller more questions. Robokiller and Truecaller both offer this functionality, in addition to other features like SMS spam protection. Parcel tracking Sherlocked apps: Package tracking apps Wallet can now track orders, too, using Apple Intelligence to track and summarize order status by studying the emails sent by merchants or delivery services. This feature Sherlocks several apps on the market that let you track orders using tracking numbers. / What lies ahead Given Apple's history of building in features made popular by third-party apps, those that offer a narrow range of functionality might not last long. However, developers have found that Apple's implementation of certain features often results in users becoming aware of those capabilities, and many prefer to use third-party apps for a more customized experience. For example, previously Sherlocked apps, Bezel for iPhone Mirroring, and Unite for web apps on Mac, have released new versions with more features for specialized use cases.
Forbes
41 minutes ago
- Forbes
The SaaS Mess: How Enterprises Lost Control Of Their Software
Pankaj Goel is the technology leader and cofounder of Opkey, an Agentic AI-powered ERP lifecycle optimization and assurance platform. Five years ago, Gartner released a seminal paper that introduced the concept of a transformative world: composable ERP. The paper promised enterprise software that would function like LEGO bricks: modular, buildable and easily reconfigurable. They called it 'an adaptive technology strategy' that 'enables…[you] to keep up with the pace of business change.' But the reality of ERP in 2025 has proved quite different. What was meant to be an agile, efficient software ecosystem is instead an unmanageable web of disconnected applications and fragmented data. The status quo today drives enterprise costs higher than they need to be. In a recent conversation I had with a CIO, they put it bluntly: "Composable ERP, without a proper lifecycle management strategy, is like building a race car with mismatched parts. Sure, it might look cool in the garage, but good luck winning any races." Composable ERP has delivered better solutions for individual processes but also adds new layers of complexity. What was formerly a single-vendor ERP environment is quickly becoming a sprawling SaaS mess of multiple applications. IT teams find themselves tasked with the near-impossible: keeping everything connected and running smoothly. Consider the steps required to execute a typical 'procure-to-pay' process. First, a requisition might begin in Workday, a spend management platform. Then, a purchase order is processed through Oracle Fusion. Interactions with suppliers are in SAP Ariba, inventory is managed through Blue Yonder, invoicing goes through Stampli and finally, payments flow through Tipalti. This approach offers the flexibility you need for functional options but comes with a heavy price. IT teams can spend more than a third of their time maintaining custom integrations between applications like these, costing enterprises anywhere from $5,000 to $20,000 per connection. Often dubbed 'SaaS tax,' many companies are paying dearly for their SaaS ecosystem. What's worse, each of these SaaS vendor updates runs on its own schedule, forcing companies into a never-ending testing cycle and depleting valuable IT team resources. End-users, your non-IT employees, need a great deal of training to carry out workflows on so many apps, which costs an immense amount to carry out manually. An even greater problem is the cost of fixing integration-related defects. It takes an IT team an average of thirteen days to resolve an integration defect, slowing down other business priorities and taking up valuable resources. Enterprises don't need to rush to abandon their composable architectures. Enter: ERP Lifecycle Optimization, a complete framework for proactively managing change across fragmented systems. Let's dive into how they help: Sorting through your SaaS mess requires that you get ahead of issues. To do this, your IT team needs excellent system visibility. More specifically, they need real-time monitoring of configuration updates, API changes and metadata modifications to anticipate disruptions and avoid downtime. A misstep I've often observed—assuming manual alerts and ticketing systems are enough. Here's why they fall short: By the time a problem shows up in a support ticket, it's already customer-facing. I don't know about you, but I want to catch issues before users ever feel them. In an enterprise, no app is an island. A minor update in one SaaS app can completely derail another, causing a cascade of downstream issues across multiple workflows. With AI-enabled analysis, teams can visualize the impacts of cascading issues instantly. Manual methods of impact analysis are not wise, as teams often realize that they've missed critical cross-module impacts too late. My advice: Invest early in systems that surface and analyze these connections automatically and proactively. The hidden issues are usually the ones that hurt the most. Providers update the software frequently, which is viewed as one of the advantages of SaaS applications, but it is unsustainable if your testing methods are still manual. Enterprises need automated test frameworks to validate integrations and business processes in real time. Adopting robust test automation can mean 70% faster release cycles, with a 90% reduction in the occurrence of post-release defects. For this, I recommend agentic systems. They not only execute these tests but also decide which tests to run. They adapt testing based on what's changing, so you can rest assured you're covered. With every update, employees need to be trained on how to adapt to each change, but too many training programs are static PDFs or outdated videos created manually. The most valuable enablement happens in the flow of work—giving users contextual help and guidance as they are navigating their tasks. For this, I recommend AI-driven training delivered through in-platform guidance. Agentic digital trainers can personalize training to specific user behaviors and adapt in real time, resulting in faster adoption, fewer errors, less workflow disruption and drastically fewer support tickets for your IT team to address. To truly solve problems, IT teams need more than just error logs. AI-powered observability tools bring real-time visibility to your team across the ERP lifecycle. These tools can tell you not only where the fire is burning but also how it started and where it might spread. Agentic-powered observability tools allow your team to shift from putting out fires to preventing them in the first place. Composable ERP is finally within reach. Enterprises that treat their ERP landscape as a unified whole will be the ones thriving in the Agentic AI era. This is where ERP Lifecycle Optimization becomes essential. Instead of reacting to problems as they arise, enterprises can take a proactive approach to the core system of their IT ecosystem. ERP Lifecycle Optimization enables enterprises to orchestrate change, enhance existing systems and mitigate risks before they materialize. Forbes Technology Council is an invitation-only community for world-class CIOs, CTOs and technology executives. Do I qualify?
CNN
an hour ago
- CNN
Leaders of ‘orgasmic meditation' company OneTaste convicted in forced labor trial
The leaders of a US sex-focused women's wellness company that promoted 'orgasmic meditation' have been convicted of federal forced labor charges. A Brooklyn jury on Monday found Nicole Daedone, founder of OneTaste Inc., and Rachel Cherwitz, the California-based company's former sales director, guilty after deliberating for less than two days following a five-week trial. The two each face up to 20 years in prison, with sentencing due later. Prosecutors argued the two women ran a years-long scheme that groomed adherents –many of them victims of sexual trauma – to do their bidding. They said Daedone, 57, and Cherwitz, 44, used economic, sexual and psychological abuse, intimidation and indoctrination to force OneTaste members into sexual acts they found uncomfortable or repulsive, such as having sex with prospective investors or clients. The two told followers the questionable acts were necessary in order to obtain 'freedom' and 'enlightenment' and demonstrate their commitment to the organization's principles. Prosecutors said OneTaste leaders also didn't pay promised earnings to the members-turned-workers and even forced some of them to take out new credit cards to continue taking the company's courses. Assistant US Attorney Nina Gupta, in her closing statement last week, said the defendants 'built a business on the backs' of victims who 'gave everything' to them, including 'their money, their time, their bodies, their dignity, and ultimately their sanity.' 'The jury's verdict has unmasked Daedone and Cherwitz for who they truly are: grifters who preyed on vulnerable victims by making empty promises of sexual empowerment and wellness only to manipulate them into performing labor and services for the defendants' benefit,' said Joseph Nocella, US Attorney for the Eastern District of New York. Daedone's defense team cast her as a 'ceiling-shattering feminist entrepreneur' who created a unique business around women's sexuality and empowerment. Cherwitz's lawyer, Celia Cohen, argued that the witnesses who testified weren't forced to do anything. When they didn't like the organization anymore or wanted to try other things, she said, they simply left. 'No matter what you think about OneTaste and what they were doing, they chose it. They knew what it was about,' she said in her closing statement last week. 'The fact they are regretting the actions that they took when they were younger is not evidence of a crime.' Lawyers for the defendants said their clients maintain their innocence and intend to appeal. 'We are deeply disappointed in today's verdict,' the lawyers said in a statement Monday. 'This case raised numerous novel and complex legal issues that will require review by the Second Circuit.' Daedone co-founded OneTaste in San Francisco in 2004 as a sort of self-help commune that viewed female orgasms as key to sexual and psychological wellness and interpersonal connection. A centerpiece was 'orgasmic meditation,' or 'OM,' which was carried out by men manually stimulating women in a group setting. The company enjoyed glowing media coverage in the 2010s and quickly opened outposts from Los Angeles to London. Portrayed as a cutting-edge enterprise that prioritized women's sexual pleasure, it generated revenue by providing courses, coaching, OM events, and other sexual services for a fee. Daedone sold her stake in the company in 2017 for $12 million – a year before OneTaste's marketing and labor practices came under scrutiny. The company's current owners, who have rebranded it the Institute of OM Foundation, have said its work has been misconstrued and the charges against its former executives were unjustified. They maintain sexual consent has always been a cornerstone of the organization. The company didn't immediately respond to an email seeking comment.
