Well, that was fast.
Although he had previously ruled out a presidential run, JP Morgan Chase CEO Jamie Dimon seemed to tease a 2020 race against President Trump on Wednesday when he boasted during an event that he "could beat Trump" because he's "smarter than [Trump] is," per CNBC. Dimon added that unlike Trump, he's a New Yorker whose money "wasn't a gift from daddy."
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This actually isn't the first time that Dimon, who describes himself as being "barely" a Democrat, has made a negative statement about Trump that he subsequently took back. In November 2017, Dimon predicted that Trump would be a one-term president but later backtracked, telling Fox Business, "I wish I hadn't said it."
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Crossword: August 27, 2025The Week's daily crossword
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August 27 editorial cartoonsCartoons Wednesday’s political cartoons include a KKK rebrand, Donald Trump vs. Gavin Newsom, and Ghislaine Maxwell as the new Celebrity Apprentice
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The mission to demine UkraineThe Explainer An estimated quarter of the nation – an area the size of England – is contaminated with landmines and unexploded shells from the war
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New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
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Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
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US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
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NFL gets ESPN stake in deal with DisneySpeed Read The deal gives the NFL a 10% stake in Disney's ESPN sports empire and gives ESPN ownership of NFL Network
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Samsung to make Tesla chips in $16.5B dealSpeed Read Tesla has signed a deal to get its next-generation chips from Samsung
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FCC greenlights $8B Paramount-Skydance mergerSpeed Read The Federal Communications Commission will allow Paramount to merge with the Hollywood studio Skydance
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Tesla reports plummeting profitsSpeed Read The company may soon face more problems with the expiration of federal electric vehicle tax credits
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Dollar faces historic slump as stocks hit new highSpeed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
