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JP Morgan chief Dimon says shouldn’t have made remarks about Trump

JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon on Sunday said he regretted comments that he was “smarter” than U.S. President Donald Trump and could beat him in an election. On Wednesday, Dimon quickly backtracked after saying he could beat Trump in a campaign but not liberal Democrats. Trump had a sharp rejoinder for Dimon on Thursday, saying the JPMorgan chief executive lacked the “smarts” to be president but was otherwise wonderful. …read more […]

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Apple's $1,000 iPhones are turning it into a luxury brand — and it could lose a whole generation of customers (AAPL)

Apple is increasingly transforming itself into a luxury brand. A year after debuting its first thousand-dollar smartphone, the company replaced it with two more.At the same time, it cut its lowest-priced iPhone.The moves could boost Apple’s near-term revenue and profits.But they could lead to stagnating phone sales and could discourage people from becoming Apple customers, which could have long-term consequences for the company. …read more […]