Latest news with #Indianapolis-based
Mint
2 days ago
- Business
- Mint
JPMorgan Chase CEO Jamie Dimon bets on THESE skills to beat GenZ's entry-level job uncertainty
The GenZ job market is ever-changing, especially with the AI revolution but JPMorgan Chase CEO Jamie Dimon has some good news and advice for jobseekers. For freshers, the job market has been full of mixed signal. One moment, AI is being expected to wipe out most entry-level jobs, and the next moment leaders are seen complaining about talent shortage across industries. However, according to Jamie Dimon, the key to job security is not a mystery but only requires studying the right things. Speaking at Business Roundtable's CEO Workforce Forum earlier this month, JPMorgan Chase CEO Jamie Dimon revealed that there are still come areas where businesses are short on skills and require young people to fill that gap. Companies need young experts in fields like cyber, coding and programming, as well as financial and program management, the billionaire said. 'We are short on labour,' he agreed. However, Dimon added that 'We all have needs for cyber, we all have needs for coding, we all have needs for programming, we have needs for financial management and programme management, things like that.' The CEO's comments come at a time when Amazon admitted to soon cutting corporate ranks due to focussing more on AI and Anthropic CEO Dario Amodei warned that technology could eliminate half of the entry-level white collar jobs. Dimon also noted that many educational institutions are not providing enough of this specialised training so that the GenZ could become the next generation of coders or program managers. The 69-year-old billionaire had previously highlighted that classrooms should put more focus on their pupils getting jobs right after they graduate rather than in traditional education. 'If you look at kids they gotta be educated to get jobs,' he told Indianapolis-based WISH-TV last year. 'Too much focus in education has been on graduating college… It should be on jobs. I think the schools should be measured on, did the kids get out and get a good job,' Dimon added. However, the JPMorgan Chase CEO is not the only one who flagged this need for more focus on jobs. Microsoft's Satya Nadella, Airbnb's Brian Chesky, and Salesforce's Marc Benioff came together to write a letter, demanding access to computer science and AI education for all students.
CNBC
4 days ago
- Business
- CNBC
34-year-old works remotely from Mexico City, makes $350,000 a year: 'My goal isn't necessarily to just be rich'
When the Covid-19 pandemic shut down courts in early 2020, Derrick Morgan Jr.'s work at an Indianapolis-based law firm slowed dramatically. Faced with reduced contingency work, he started looking for new ways to earn income. Around that time, his cousin was starting a business and asked for help registering a trademark — something Morgan had studied in law school. "I did the trademark for it and was like, 'Oh, that's not that bad, I remember it,'" the 34 year-old tells CNBC Make It. "It's just like riding a bike." Morgan began offering trademark services on Fiverr, an online freelance platform. "After a few months, it really took off," he says. What began as a side project quickly grew into a full-time business on track to earn nearly $500,000 this year, of which he will pay himself over $350,000. He also earns $440 per month in rental income from a condo he owns in Chicago. Trademark law gives him the flexibility to work remotely, which fits his lifestyle. A lifelong traveler who has visited more than 60 countries, he now splits his non-travel time between Dallas and Mexico City, where he's put down roots. "Mexico City is home for the foreseeable future," Morgan says. He's hired a Spanish tutor, made friends with locals and tries to live, he says, as a "neighbor and not as a tourist." Here's a look at how Morgan juggles travel, his business and his plans for early retirement. Morgan's trademark services found an early audience on Fiverr, where his customer-friendly style stood out to small business owners and entrepreneurs. He became a Top Rated seller, the platform's highest designation. "A lot of these prospective clients, they're first-time business owners ... they've never dealt with a big fancy attorney who's going to be charging them hundreds of dollars to confuse them," he says. "I get a lot of clients because I'm approachable and I meet them where they are." By the time Morgan quit his day job in 2021, his boss wasn't surprised. "He said he saw it coming," Morgan says. "I've always been someone who has an entrepreneurial spirit." Morgan's company offers trademark services ranging from searches and filings to brand enforcement. "It's A to Z for trademark services," he says. Much of the work is procedural, which lets him serve more clients efficiently. He typically charges between $600 and $800 per client, depending on the scope of the service. While he still uses Fiverr, much of his business comes through word of mouth and social media. What began as a solo operation now includes a small team. "I have myself, my paralegal and an AI assistant where everything is a lot more streamlined," says Morgan. His business is fully remote, allowing him to set his own hours and work from anywhere. "There are no requirements for me to be in the States," he says. "Trademark law is federal law, so it doesn't matter where you're licensed, as long as you have a U.S. license. With the state bar, you can practice anywhere." Morgan used to work up to 90 hours a week when he was running the business solo. With a team in place, he now works closer to 45 to 50 hours a week — including some evenings to accommodate clients in different time zones. Before budgeting for anything else, Morgan sets aside at least 40% of his income — often $12,000 or more each month. "I make sure I invest as much as I can and then live off of the remainder," he says. Morgan's low fixed costs allow him to invest consistently across both tax-advantaged and taxable accounts, including a solo 401(k), a SEP individual retirement arrangement, a health savings account and a brokerage account. Recently, he's paused contributions to his investment accounts and is directing most of his earnings toward a boutique hotel property development project in Mexico. He says he expects to complete his payments within a few months, and plans to catch up on his retirement contributions later in the year. "I invest in real estate because I don't want all my wealth tied to the stock market," he says. Here's a look at how he spent his money in March 2025: Morgan says his apartment in Mexico City costs about half of what he'd pay for a similar place in a major U.S. city like Chicago. While he lists Texas as his U.S. home base, he spends most of the year abroad. "I spend nine months in Mexico City, three months, wherever the wind takes me," he says. "Texas is where home is — that's where my family is — but I might be in Europe or traveling around other parts of the U.S." Morgan first developed his "travel mindset" in college. He studied abroad in the U.K. and volunteered in rural Vietnam, then kept that momentum going in law school, visiting about three countries a year. In 2018, he even skipped his graduation to fly to South Africa because the flights were cheap. He recently spent several weeks exploring countries in South America and often joins friends on spontaneous trips abroad. Morgan also enjoys eating out frequently. He lives in a walkable Mexico City neighborhood known for its cafes, lush parks and late-night taco spots. "I do like to splurge on food and eat out a lot," he says. "Outside of food, I try to keep a lot of my expenses low." He doesn't own a car, choosing instead to get around with rideshare apps, rental bikes and public transit. Some of his expenses, like his phone, are covered through his business. All health-care expenses are paid out of pocket. His only debt is $42,000 in student loans, and he pays off his credit card balances in full each month. Morgan is inspired by the principles of the FIRE movement — short for financial independence, retire early — and wants the option to stop working in his 40s. For him, it's less about building wealth and more about "being able to do what I want, when I want," he says. When he does retire, he plans to focus on passion projects "instead of working to make money." "As a business owner, you don't know how long your business is going to thrive," he says. "So I ensure that I pay myself first and I front-load my investments because I do want to retire as early as possible." For now, Morgan remains focused on growing his business, traveling frequently and maintaining an affordable lifestyle in Mexico City. "My goal isn't necessarily to just be rich," he says. "My goal is just to have options."
Mint
6 days ago
- Business
- Mint
Bottleneck is skills: JPMorgan CEO Jamie Dimon says employers need youngsters with expertise in THESE fields
JPMorgan Chase Chief Executive Officer Jamie Dimon recently said there are some areas where businesses are short on skills and need young people to plug that gap, reported Fortune. 'We are short on labour,' Dimon said, adding: 'We all have needs for cyber, we all have needs for coding, we all have needs for programming, we have needs for financial management and program management, things like that.' The 69-year-old billionaire made the comments at Business Roundtable's CEO Workforce Forum last week. Dimon further said that several schools are falling short in providing the specialised training to students to become the next generation of coders or program managers. Last year, the JPMorgan Chase CEO had told Indianapolis-based WISH-TV: 'If you look at kids, they gotta be educated to get jobs.' 'Too much focus in education has been on graduating college… It should be on jobs. I think the schools should be measured on, did the kids get out and get a good job?' As big companies such as Amazon had said they will soon lay off employees from their corporate ranks, thanks to artificial intelligence (AI), studying those subjects could give the next generation of workers an edge. Dimon, also a board member of the New York Jobs CEO Council, argued that the bottleneck is skills, not head count, and urged schools to embed industry credentials in their curriculum so graduates can 'get out and get a good job.' Meanwhile, Anthropic CEO Dario Amodei warned, according to a Fortune report, that the technology could eliminate half of all entry-level, white-collar jobs. Job-search platform Indeed's CEO Chris Hyams had recently warned that "for about two-thirds of all jobs, 50 per cent or more of those skills are things that today's generative AI can do reasonably well, or very well." Demis Hassabis, CEO of Google's DeepMind, said while AI is displacing certain jobs, it will also create new ones, reported Benzinga.
USA Today
7 days ago
- Sport
- USA Today
Michigan football secures 2026 4-star DL Titan Davis, beating out SEC powerhouse
Michigan football already had one defensive tackle in 2026 committed in Liberty Hill (Tx.) four-star Alister Vallejo pledged to the class when he chose the Wolverines over Notre Dame. But the maize and blue have been hoping for a (literal) big target to come into the fold. But it had some fierce competition from an SEC powerhouse. 2026 St. Louis (Mo.) DeSmet four-star Titan Davis has long been between the Wolverines and Alabama, with his only official visits being to Tuscaloosa in May and Ann Arbor this weekend. It appears as if the Crimson Tide knew what was coming as it accepted a commitment from Indianapolis-based three-star DT J.J. Finch, indicating that perhaps Kalen DeBoer wasn't feeling as good about his chances with Davis. It turned out to be prescient. Davis commits to the Wolverines Following a solid official visit for Victors Weekend, Davis ended up pulling the trigger joining the maize and blue. Rated the No. 101 player in the country, regardless of position, according to the 247Sports Composite, Davis comes in at 6-foot-4.5, 270 pounds. He is listed as the 13th-best defensive lineman and second-best player in the state of Missouri. He chose Michigan over Alabama (as mentioned), as well as Auburn, Florida, Georgia, Miami, Nebraska, Oregon, Penn State, Texas, Texas A&M, USC, Wisconsin, and others. Scouting report and highlights Davis had 46 tackles with 18 for loss and nine sacks in his junior season. Here is the player breakdown from 247Sports' Andrew Ivins: Ascending defensive end with a prototypical frame that could fit into an odd or even front at the next level. Began his prep career playing quarterback before flipping to the other side of the ball and finding instant success in the trenches. Flashes the ability to separate and bypass base blocks with his lateral agility. Not the most destructive defender at this stage, but can find a flat back and shoot his hands to gain extension. Solid get-off frequently gives him an advantage in passing situations. Quick to unleash a bull-rush, but can also rip his way around the corner and has the stride length to finish. Enters senior year believed to be north of 6-foot-4, 265 pounds with adequate length in the arms. Must improve pad level and learn how to bring it every single snap, but appears to be rounding into form as he nearly doubled his production as a junior for Missouri's 6A champs. Projects as a potential multi-year contributor and possible impact player for a College Football Playoff contender. Should offer plenty of alignment flex and could very well end up finding a home on the inside depending on how the body matures. And here are his junior highlights: The current 2026 class: With Davis now in the fold, here is the class as it currently stands: Davis marks the fourth player on the defensive front to pledge to the maize and blue this cycle. The Wolverines are still targeting five-star edge rushers Carter Meadows and Julian Walker, with both having visited this weekend.
Indianapolis Star
7 days ago
- Sport
- Indianapolis Star
'It's so special to be a Pacers fan': Pacers owner Herb Simon thanks fans for support in NBA Finals season
Indiana Pacers majority owner Herb Simon thanks the fans who helped carry the team to the NBA Finals. "To the best fans in basketball — thank you. The way you showed up for our Pacers this season was unlike anything I've ever seen," the team posted on social media. "This team united our city and state, gave us memories for a lifetime, and reminded us all why it's so special to be a Pacers fan. I'm grateful to all of you for a historic and truly unforgettable season." The Pacers took the season to the limit before losing to the Oklahoma City Thunder 103-91 in Game 7. Simon, the 90-year-old Indianapolis-based shopping mall magnate, has owned the team since he and his late brother Mel bought it in 1983. He was inducted into the Naismith Memorial Basketball Hall of Fame in 2024. Stephen Simon, Herb's son and next in line to run the franchise, thanked the team on social media.
