Jamie Dimon, CEO and Chairman of JPMorgan Chase, gestures as he speaks during the U.S. Senate Committee on Banking, Housing and Urban Affairs’ hearing on oversight of Wall Street firms on Capitol Hill in Washington, U.S., December 6, 2023 . Evelyn Hockstein | Reuters JPMorgan Chase CEO Jamie Dimon warned Friday that several challenges, particularly…
Treasury Secretary Janet L. Yellen confronted her Chinese counterpart about China’s rising exports of low-cost electric vehicles and other green energy goods. She said they posed a threat to American jobs and called on Beijing to scale back its industrial strategy, according to the US government. Ms. Yellen also warned her counterpart, Vice Premier He…
CBO Director Phillip Swagel testifies during the House Budget Committee hearing entitled “The Congressional Budget Office’s Budget and Economic Outlook” on Wednesday, February 14, 2024, in the Longworth Building. Tom Williams | Cq-roll Call, Inc. | Getty Images The director of the nonpartisan Congressional Budget Office warned House Democrats on Wednesday that the ballooning national…
A mosaic collection of world currencies. FrankvandenBergh | E+ | Getty Images The world is facing a debt crisis that will stretch over the next decade and will not end well, economist Arthur Laffer has warned. Global debt hit a record $307.4 trillion last September. Both high-income countries and emerging markets have seen significant increases…
Increased shipping costs due to ongoing tensions in the Red Sea could hamper the global fight against inflation, the Organization for Economic Co-operation and Development said on Monday. The Paris-based group estimates that the recent 100% increase in sea freight rates could increase import price inflation in its 38 member countries by almost 5 percentage…
British Finance Minister Jeremy Hunt said earlier this month that Britain would not fall into recession this year. Hannah Mckay | Reuters LONDON – The British government should not introduce further tax cuts this year, the International Monetary Fund said on Tuesday, as its chief economist argued that the government budget needs the money for…
BEIJING, CHINA – NOVEMBER 13: Illuminated skyscrapers stand in the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images) Vcg | Visual China Group | Getty Images Deflation could soon impact Chinese growth as Beijing faces another three to six months of a “very painful…
JPMorgan Chase CEO Jamie Dimon on Wednesday praised former President Donald Trump’s performance and warned Democrats to be “more respectful” of Trump’s supporters or risk jeopardizing President Joe Biden’s re-election. “I wish Democrats would think a little more carefully when they talk about MAGA,” Dimon said on CNBC’s “Squawk Box,” referring to Trump’s supporters by…
