JPMorgan Chase CEO Jamie Dimon is worried about "stagflation," a period of slow economic growth, high unemployment, and high inflation. Here's why.
(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.
Sustained high levels of energy and commodity prices could drive global inflation upwards, the World Bank has warned today.
The bank CEO says the company looks for candidates who are “smart, ethical, decent people.”
Page Six has an exclusive first look at Foxx’s TV comeback after his battle with a mystery illness.
Renowned economist and cryptocurrency skeptic, Peter Schiff, warned Bitcoin (CRYPTO: BTC) holders of a potential drop if the coin fails to hold the $60K support level. read more
Some songs get stuck in your head and never want to leave. Take 'Because I Got High,' the 2001 smash that introduced Afroman to pop culture. The song proved alternately silly and catchy, a wicked combination that gave the rapper an early taste of fame. Now, Afroman is back, and his new song won't earn him many new friends in the business. 'Hunter Got High' mocks the First Son's notorious addictions, something pop culture hasn't attempted to explore for the past four years. The rapper teamed...
Staff at Rebel Sport and Supercheap Auto owner Super Retail Group intend to sue the company over an alleged secret affair between its CEO and former head of HR. Two current employees, represented by Harmers Workplace Lawyers, are expected to allege chief executive Anthony Heraghty had an undisclosed relationship with the company’s former chief human […]
U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied with fast inflation that, if sustained, would pose a particular dilemma for the central bank.
Good news: Jamie Foxx is finally back to hosting Fox’s Beat Shazam after he beat a mysterious show-stopping health scare. The Ray actor, 56, returned to his lead role alongside his daughter and co-host Corinne Fox, the show’s DJ. “I’m back for an all new season of ‘Beat Shazam,” Corinne said in the clip. With […] The post Jamie Foxx Set to Return to ‘Beat Shazam’ for Season 7 first appeared on The Source.
New research from the U.S. bank pointed to inflation, high interest rates and geopolitical issues as key roadblocks delaying the shift from fossil fuels to renewable energy.
Kevin Bacon returned to Payson High School, where he filmed his hit movie 'Footloose,' after its students launched a big campaign to get him there: 'You were all just tireless You talked me into it.'