JPMORGAN CHASE & CO
No SEC Form 4 filings for $JPM in the last 30 days.
OpenAI CEO Sam Altman said the “jobs apocalypse” from AI eliminating entry-level white-collar roles has not yet materialised, adding he expected more impact after ChatGPT’s 2022 launch. He said OpenAI tested AI-written email/Slack replies but reverted some to humans. The remarks come as firms cut jobs tied to AI investment and expand AI hiring, including Anthropic’s 40+ London roles.
Fed Governor Christopher Waller said inflation risks mean the Fed should not signal rate cuts and may need to keep rates steady, with hikes possible if inflation persists. Julius Baer shares fell on slower client money inflows. Apollo’s $2.04 billion takeover proposal for Bodycote lifted shares. House Republicans opened an insider-trading probe into Kalshi and Polymarket.
The article says JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) generates monthly income from a Nasdaq-100 covered-call strategy implemented via equity-linked notes (ELNs), which are unsecured debt of issuing banks. It reports JEPQ holds about 15% in ELNs (up to 20% allowed), with top holdings including NVDA, AAPL, GOOG, MSFT, and AMZN. JEPQ shares are $60, up 7.3% YTD and 28.5% over 1 year, while the distribution is roughly 9%–11%. The key investor risk highlighted is ELN counterparty credit
