Latest Updates Around The World
JPMorgan Chase & Co (NYSE:JPM) Stocks fell on Monday afternoon after investors dumped the financial sector amid a broad sell-off linked to rising concerns about private credit and AI-related credit risks. The wider State Street Financial SPDR ETF (NYSE:XLF) fell by more than 3%, with large banks and asset managers leading the declines. Here’s what […]
On Friday, Deepwater Asset Management managing partner Gen Munster said executives find it difficult to discuss AI-driven job cuts. Munster highlights C-suites’ reluctance on AI and job cuts Take to XMunster said: “One truth about AI’s impact on the workforce is that it’s hard to talk about.” He noted that earlier this week in Davos, […]
President Donald Trump called for a one-year limit, setting credit card interest rates at 10%, saying the American public is being “ripped off.” The move has drawn criticism from both sides of the political spectrum, with Sen. Sen. Bernie Sanders (I-Vt.) called it “unacceptable.” Trump announced the limit on Friday from January 20 in a […]
Cabin 8 Corp. (NASDAQ:HUT) Shares rose on Wednesday after the company announced a long-term lease deal that solidifies its position in the fast-growing AI data center market. The company has signed a 15-year lease worth $7.0 billion Fluid stack for 245 megawatts of IT capacity at the River Bend data center campus in Louisiana. The […]
Former Secretary of State Hillary Clinton pushed back against the Trump administration’s proposed rule change at the Consumer Financial Protection Bureau, which it warned could roll back important federal protections that prevent discrimination in lending. Reminiscent of style lending discrimination before the 1970s On Monday, in a post on “Now the Trump Administration wants to […]
Jamie Dimonthe CEO of JPMorgan Chase & Co. (NYSE:JPM)has brought Todd Kammen on board. What happened: Combs, formerly an investment manager for Warren Buffett bee Berkshire Hathaway Inc. (NYSE:BRK)will lead a new $10 billion group at JPMorgan. Combs, once seen as a potential successor to Buffett, will also serve as a special advisor to Dimon. […]
JP Morgan Asset Management Bob Michel says the US economy is ending the year on strong footing, with businesses and consumers handling rates better than expected and a Federal Reserve rate cut potentially building momentum heading into 2026. Rates have been absorbed ‘reasonably well’ Michele, who is that? JPMorgan Chase & Co.’s (NYSE:JPM) Chief Investment […]
It was an eventful week in the business and political world. Here’s a quick look at the top stories you may have missed. Trump’s ‘Liberation Day’ tariffs are counterproductive, the silence in China speaks volumes Nobel Prize-winning economist Paul Krugman has warned that the “Liberation Day” tariffs were imposed by the former president Donald Trump […]
President Donald Trump‘China’s government is likely to take stakes in more companies as a result of China’s latest rare earth export restrictions,’ says finance minister Scott Bessant said Wednesday. Bersent told CNBC said it “wouldn’t be surprised” if the US bought shares in other companies, but only in strategic sectors. “When we get an announcement […]
Four former Intel directors, including former American trade representative Charlene barsefsky and former FCC chair Reed Hundthave been summoned Intel Corp. Intc To go privately while the company is struggling to regain its foot in the global semiconductor market. Writing FortuneThey argued that the conglomerate structure of Intel is outdated and that the separation of […]
