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President Donald Trump (L), and JP Morgan CEO, Jamie Dimon.ReutersJPMorgan Chase CEO Jamie Dimon said Monday that while President Donald Trump’s lawsuit seeking $5 billion in damages for shuttering his accounts was without merit, he sympathized with the president’s anger over the episode.Trump is accusing JPMorgan and others of closing his accounts for political reasons in what his conservative supporters have called discrimination. “The case has no merit,” Dimon told CNBC’s Leslie Picker in an interview on the sidelines of a JPMorgan conference in Miami.”But I agree with them,” he said. “They have the right to be angry. I’d be…

2026-03-02T20:22:06.510Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. JPMorgan CEO Jamie Dimon said he understood why the president was angry over debanking. Trump alleged in a $5 billion lawsuit that JPMorgan shut down his accounts for political reasons. Dimon said the suit “has no merit,” and that banks sometimes can’t share why they shut down accounts. JPMorgan…

Paramount Skydance is changing how it hands out year-end bonuses for 2025 — and it could hurt payouts for high performers.For years, Paramount has given eligible salaried staffers a year-end payout called a “Short Term Incentive Plan,” or STIP, that’s based on their base salary, their individual performance, and the business’s performance. The bonus is calculated by taking the so-called “STIP target amount” times the individual and business multipliers.Paramount, which beat Netflix last week in the bidding war for Warner Bros. Discovery, told eligible employees on Monday morning that the 2025 business multiplier is 94%, according to internal documents viewed…

An aerial view of homes in San Francisco, Aug. 27, 2025.Justin Sullivan | Getty ImagesAfter falling below 6%, matching their lowest level in several years, mortgage rates reversed course Monday, hitting their highest point in two weeks.The average rate on the popular 30-year fixed loan rose 13 basis points to 6.12%, according to Mortgage News Daily. It had fallen to a recent low of 5.99% on Feb. 23 and pretty much sat there all week. The drop was welcome news as the all-important spring housing market gets underway. Potential buyers have been sidelined by high home prices and concerns over…

A few months ago, Larry and David Ellison’s Paramount said it had lined up big backers for its bid to acquire Warner Bros. Discovery: three Middle Eastern countries, which would contribute a total of $24 billion to help buy the media conglomerate.Now, Paramount has won the rights to WBD, after Netflix walked away. Are those three Gulf states going to help finance Paramount’s new deal?Paramount won’t say.In government filings and on an investor call Monday, Paramount reiterated that the Ellisons and private-equity firm RedBird Capital Partners have pledged $47 billion toward the roughly $81 billion Paramount will pay to buy…

Oil prices spiked in the wake of the US attacks on Iran, with analysts and strategists eyeing negative consequences for markets and the economy if energy prices see a sustained rise. Brent oil rose roughly 7% and stocks whipsawed, with the S&P 500 and the Nasdaq turning positive after being down about 1% earlier in the day. Israel and the US launched military strikes in Iran, killing Iran’s Supreme Leader, Ali Khamenei and other senior officials. Iran retaliated with missile strikes against US bases and allies in the region. Goldman Sachs analysts say that the energy market impact is the…

2026-03-02T17:15:54.133Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Paramount made two big hires as it builds its ad business under CEO David Ellison. Paramount, fresh from winning Warner Bros. Discovery, is bringing on Amazon vet Danielle Carney. Read the memo from Paramount’s revenue chief on the hires. Paramount Skydance has poached a top ad exec from Amazon…

A passenger Mohd Umardaraz from Bijnor Uttar Pradesh stranded at Terminal-3 Delhi airport after his flight for Kuwait is cancelled due to airspace restrictions over Iran and parts of the Middle East on March 1, 2026 in New Delhi, India. Arvind Yadav | Hindustan Times | Getty ImagesThe first Emirates flight out of Dubai, United Arab Emirates, since the U.S. and Israel attacked Iran took off Monday night bound for Mumbai, India, flight data showed, hours after the airline got the green light from local authorities to resume a “limited number” of flights. It’s a sign of how airlines are…

Warren Buffett’s successor is making sure the legendary investor gets the credit he deserves.Greg Abel, who took over as Berkshire Hathaway’s CEO at the start of this year, highlighted four of Buffett’s most successful stock picks in his first shareholder letter on Saturday.Abel included a table that lists Apple, American Express, Coca-Cola, and Moody’s, along with Berkshire’s ownership percentage of each company.For each position, it shows how much it cost Berkshire, what it’s worth now, and what it paid to Berkshire in dividends last year: A table highlighting four of Warren Buffett’s best bets. Berkshire Hathaway The first entry is…

2026-03-02T16:04:01.231Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. I’ve been shopping at Dollar Tree for about 20 years and buy some essentials for my family there. I exclusively purchase period products, gift wrap, and greeting cards at the chain. Other staple Dollar Tree buys include cleaning supplies, batteries, spices, and seasonings. I remember the good old days…