Stock market news today September 12

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Jamie Dimon backtracks after claiming he ‘could beat
Trump’ in an election

JPMorgan Chase CEO Jamie Dimon
reversed course after taking aim at President Donald Trump during
a JPMorgan event on Wednesday.

“I think I could beat Trump,” Dimon
said.

“Because I’m as tough as he is, I’m smarter than he is,” he
continued. “I would be fine. He could punch me all he wants, it
wouldn’t work with me. I’d fight right back.”

But Dimon, a lifelong Democrat, also added that he could not win
an election due to the “liberal side” of the Democratic Party.

Upstart exchange IEX snags its first listing from
Nasdaq

IEX, the startup stock exchange made famous in Michael Lewis’
book “Flash Boys,”
has snagged a listing from one of its larger rivals.

The New York firm, which gained stock-exchange approval in 2016,
announced Wednesday that electronic brokerage Interactive Brokers
will switch its listing venue from Nasdaq to IEX in October.

IEX, which was founded by Brad Katsuyama in 2012, is known for
its speed-bump stock-trading model that aims to put the world’s
fastest trading firms on a level playing field with investors.

The cryptocurrency Ethereum
crashed by over 8% on Wednesday, extending a slump for the asset
and the wider market.

Ethereum
was down 8.6% to $169.12 just after 9:30
a.m. GMT (4:30 a.m. ET), a level not seen since May 2017, when
Ethereum was enjoying its first price surge of the year.

The cryptocurrency is down almost 30% over the past seven days
and has mirrored a wider slump in the cryptocurrency market over
the past two weeks.

This year’s average Goldman Sachs intern is willing to
pay $6 for avocado toast and admires Obama

Former US President Barack Obama
is the most admired figure among this year’s global class of
Goldman Sachs interns.

Each year, the investment bank surveys its summer interns on
topics as varied as their ambitions and their spending habits.
Seventy-six percent of the 3,162 summer analysts and associates
who interned at Goldman worldwide this summer responded to the
questionnaire. Goldman published the results on Wednesday.

One of the more frivolous results indicated that the interns were
willing to pay $6 on average for avocado toast, the popular
millennial brunch dish.

Obama was the most popular choice as a role model, followed by
Sheryl Sandberg, Nelson Mandela, and Steve Jobs.

In markets news