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JP Morgan chief says interest rates could reach 8% in investors letter
Jamie Dimon, the CEO of JP Morgan Chase, believes there’s a possibility the Fed could bring interest rates to 8%.
Author
L. R.
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New Chinese property developer faces liquidation as crisis deepens
Shimao received a liquidation request from a Chinese bank, an extremely rare occurrence.
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Rising oil prices may disrupt the Fed, ECB’s plans
Oil prices are going up again, threatening to increase inflation once more. This goes against the central banks’ plan of cutting interest rates...
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Paramount plans to solve its problems with AI. Here’s how
Paramount Global is struggling financially, but artificial intelligence (and a new merger) may solve its problems.
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Tesla scraps plans for cheap EV model, inside sources claim
Tesla has reportedly canceled plans for its $25,000 electric car. The future of Elon Musk’s company looks blurrier than ever.
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Yellen warns against China’s overproduction, foretelling more US restrictions
US Treasury Secretary Janet Yellen said China’s overproduction is putting pressure on other economies.
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Bob Iger won, but Disney’s troubles are far from over
In the recent proxy fight, Bob Iger emerged victorious. However, Disney’s troubles remain potentially debilitating.
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How Taiwan’s earthquake might impact the entire global economy
The 7.4 earthquake in Taiwan will have repercussions all around the globe. Here’s why.
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Tesla reports deep plunge in sales as Musk’s company struggles
Tesla showed much lower-than-expected quarterly sales as Elon Musk’s EV company gets eaten by competition.
