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Tuesday 7 April 2020

The Daily Money: JPMorgan Chase CEO warns of 'bad recession'

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usatoday.com

The Daily Money
 
Tuesday, April 7

Good morning, Daily Money readers. It's Brett Molina here to bring you the latest news in business and technology.

The head of JPMorgan Chase, one of the largest banks in the U.S., warns we could face a "bad recession" as a result of the coronavirus pandemic. But he also notes the country could emerge from this crisis much stronger.

Meanwhile, because we're all at home, our vehicles are staying parked, which means a drop in auto insurance claims. Some companies are looking to give policyholders some of their money back.

We all know how much tougher it is to get toilet paper. Another popular item that's been tough to find: webcams.

Not enough money and tech news for you? Keep scrolling.

Brett Molina, Money/Tech edtior

Jamie Dimon
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