How the US handles its shaky relationship with China will affect the future of the world, says JPMorgan chairman and CEO Jamie Dimon."It's the thread from Ukraine, oil and gas, food, migration, all our relationships, the most important one being China," Dimon told Bloomberg's Emily Chang in an interview that aired Wednesday. "That is the most important for the future of the world.""And obviously Ukraine is affecting it. In fact, it's very hard to see really positive outcomes with China until the...
JPMorgan Chase CEO Jamie Dimon is worried about "stagflation," a period of slow economic growth, high unemployment, and high inflation. Here's why.
A congressional report says Chinese firms are subsidized via tax rebates to export fentanyl raw materials
The bank CEO says the company looks for candidates who are “smart, ethical, decent people.”
China’s Coast Guard said Tuesday it had “expelled” two Philippine ships from its waters in the disputed South China Sea, as Manila accused Beijing of using water cannon against two of its vessels. “On April 30, the Chinese Coast Guard, in accordance with the law, expelled Philippine coast guard ship 4410 and government ship 3004 […]
In November, ahead of President Joe Biden’s meeting with Chinese leader Xi Jinping, Sen. Rick Scott (R-Fla.) issued a press release casting himself as a fierce opponent of China. It declared, “Since being elected to the U.S. Senate, Senator Scott has introduced dozens of bills to punish Communist China for its increased military aggression, continued […]
Artificial Intelligence (AI) is not just a buzzword, it's a game-changer in the stock market. From automating complex and redundant processes to solving long-standing industry challenges, AI is revolutionizing the way we trade. With the launch of ChatGPT and other natural language processing (NLP) chatbots and AI's use in autonomous driving, the tech is becoming faster and more accurate by the day when solving real-life problems.While the impact of AI on the stock market is undeniable, concerns...
(Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. economic boom is "unbelievable," Dimon said at an Economic Club of New York event on Tuesday. Dimon, who has run the largest U.S. lender for more than 18 years, has cautioned that inflation could be more persistent than expected, keeping interest rates higher for longer.
Migrants are caught in China's manufacturing battles with the West, as Beijing tries to save its economy.
Tim Loughton had sanctions imposed on him in 2021 by Beijing, which has close ties to east African countryA former government minister who has had sanctions imposed on him by China has said he was detained and deported by Djibouti as a “direct consequence” of the east African country’s close ties with Beijing.Tim Loughton, the Conservative MP for East Worthing and Shoreham since 1997, said he was held for more than seven hours at the airport earlier this month, barred entry to Djibouti, and told...
Platforms that offer rides to passengers, such as Uber and DiDi, thrive on socio-economic inequality. By modeling the behavior of passengers and self-employed drivers, researchers of TU Delft simulated the market for ridesourcing platforms, evaluating a broad spectrum of (in)equality levels in societies.
The US Secretary of State was speaking to the BBC at the end of a three-day trip to China.