Daily News: June 11, 2018

Dimon, Buffet Claim ‘Short-Termism’ Is Hurting the Economy


JPMorgan CEO Jamie Dimon and Berkshire Hathaway chair Warren Buffet contended in a Wall Street Journal op-ed that quarterly earnings reports are promoting a short-term corporate strategy that is hurting the economy.

Writing in the Journal, they urged U.S. companies to move away from providing quarterly-earnings per share guidance.