From Johannesburg β‘οΈ New York, the 2022 J.P. Morgan Corporate Challenge Series is underway.
Join us for a runπβ down memory lane for our favorite road race. π
1977: #JPMCC begins as the Manufacturers Hanover Corporate Challenge, which debuts in Central Park despite a city-wide blackout in NYC π. 200 runners from 50 companies cross the finish line at the inaugural race.
Off to the racesβ¦
1983: The event becomes a series with races around the United States. Runners laced up for the first time in San Francisco π where participants were promised post-race ice cream π¦.
2 historic mergers changed the race in the β90s.
1992: βοΈ Manufacturers Hanover + Chemical Bank = Chemical Bank Corporate Challenge.
1996: π€ Chemical Bank + Chase Manhattan Bank = Chase Corporate Challenge.
Time to break some records!
2001: The Series has its first year as the JPMorgan Chase Corporate Challenge with over 200K racers for the first time π.
2008: Frankfurt race hits a record 73,719 participants, which was the largest number of participants in road race history π.
The race expands around the globeβ¦ π
2011: The Series name changes to the J.P. Morgan Corporate Challenge - now in 13 locations across 7 countries.
The race continues to hit milestones π
2017: JPMorgan Chase donates over $800,000 to nonprofit organizations in 13 Corporate Challenge cities.
2018: Chicago hosts the largest single-night π Corporate Challenge in U.S. history with 27,777 total participants.
Weβre ready to make history again this year.
2022: After two years of virtual races, #JPMCC is back this year in 15 cities in 8 countries around the world. π
Climate change and inequality are two of the most critical issues of our time, and business has an important role in addressing them.
[THREAD] π
Today we are announcing more than $2.5 trillion over 10 years to advance long-term solutions that tackle climate change π and further sustainable development. jpmorganchase.com/news-stories/jβ¦
This new effort will focus on 3 objectives:
πΏ Advancing green initiatives
π¦ Supporting development finance
π‘ Driving community development
After the worst day for the S&P 500 since the financial crisis, $JPM Head of US Equity Strategy and Global Quantitative Research, Dubravko Lakos-Bujas, shares his view on the markets ππ
Read here π
1β£ Mondayβs sell-off represents a βblack swanβ event, with the oil price war between Russia and Saudi Arabia turning an already fragile backdrop into a perfect storm for risky assets.
2β£ The sharp sell-off is also symptomatic of a fragile market structure that can amplify price both downside and upsideβa volatility shock coinciding with a collapse in liquidity and significant forced selling by systematic portfolios (that is now largely complete).