Believe Mitch McConnell: Republicans Will Never Confirm Another Democrat-Appointed Supreme Court Justice
Jamie Dimon says JPMorgan is sitting on about $500 billion in cash, waiting to invest in higher rates
Banking giant JPMorgan has been sitting on about a half-trillion-dollar stockpile of cash, waiting to invest in higher rates in the coming months, instead of buying Treasurys or other securities, Chief Executive Jamie Dimon said Monday at a virtual banking conference.
“We do expect rates to stay low for a bit longer; the Fed has told us that,” Dimon, the longtime boss of JPMorgan Chase & Co., JPM, -1.70% said Monday at the Morgan Stanley U.S. Financial Services Conference, per an initial transcript of the talk.
But “if you look at our balance sheet, we have like $500 billion in cash and we’ve actually been stockpiling more and more cash waiting for [an] opportunity to invest in higher rates,” Dimon said.
Dover Downs owner Bally’s engineers sale-leaseback of Delaware property’s real estate
Gaming and Leisure Properties is buying the real estate associated withBally’sDover Downs casino for$144 million.
The company will lease lease the property back toBally’sfor$12 millionper year, subject to an escalation clause. The site includes banquet-convention areas and a 500-room hotel, the largest in Delaware.
Open Call: Delaware Shakespeare Company welcomes seismic change inspired by pandemic
At Del Shakes, “normal” meant that our Summer Festival audience consisted of less than 10% people of color – while Delaware’s demographics put that number at more than 30%. “Normal” meant that our board of directors had been entirely white until 2017 and that our year-round staff of four to five workers had been entirely white until 2020. That’s not a normal Del Shakes wants to go back to. (You can find our current diversity metrics at delshakes.org/antiracism.)
During a six-month process culminating in February 2021, Del Shakes developed an Antiracism, Access, and Equity Policy along with an Antiracism Action Plan. We are working to view all our operations through the lens of antiracism – actively challenging and changing structures and behaviors that perpetuate racism.
Just look at the guy. You know he is guilty as fuck.