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JPMorgan to cut $2.8bn in costs

Jamie Dimon

JPMorgan, the world’s biggest investment bank, lowered its target for returns at that business and plans to cut $2.8bn in costs because higher capital requirements are crimping profit.

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Amazon founder Jeff Bezos during his High Order Bit presentation

Jeff Bezos - 5 commandments

This side of Berkshire Hathaway CEO and chairman Warren Buffett, no American business leader stuffs his annual letters to shareholders more full of business wisdom than Jeff Bezos, the now 52-year old wunderkind founder and CEO of Amazon.com .