Author: Daniel snow
For a minute there, it looked like the “Sell America” trade was poised to make a comeback on Monday after Moody’s decided to strip the U.S. of its top-tier credit rating late Friday. Source link
Jamie Dimon, CEO of JPMorgan Chase, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of de-banking on Feb. 13, 2025.Tom Williams | Cq-roll Call, Inc. | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Monday that markets and central bankers underappreciate the risks created by record U.S. deficits, tariffs and international tensions.Dimon, the veteran CEO and chairman of the biggest U.S. bank by assets, explained his worldview during his bank’s annual investor day meeting in New York. He said he believes the risks of higher inflation and…
These tips will help you safely incorporate checks into your payment model. Source link
Readers respond to former President Joe Biden’s prostate cancer diagnosis. Also: A.I. governance; a reality show contest for citizenship? Source link
If you’re not ready to dismantle your entire life at home and start anew in another country, there are other options. Source link
The U.S. Institute of Peace in Washington, D.C., on March 17, 2025.Stefani Reynolds | Bloomberg | Getty ImagesA federal judge on Monday ruled that the Trump administration and Department of Government Efficiency’s takeover and gutting of the U.S. Institute of Peace were unlawful.The decision declaring DOGE’s actions at USIP “null and void” is the latest in a series of judicial rebukes of efforts by President Donald Trump and the so-called DOGE to slash the size of the federal government. DOGE has been led by Trump advisor Elon Musk.The ruling came two months after DOGE team members took over the headquarters…
Union leaders say the move will lead to mass firings and strip federal workers of collective bargaining rights. Source link
After years of underperformance, it’s time for emerging markets stocks to shine, say JPMorgan strategists. Source link
Ray Dalio, founder of Bridgewater Associates LP, speaks during the Greenwich Economic Forum in Greenwich, Connecticut, US, on Tuesday, Oct. 3, 2023.Bloomberg | Bloomberg | Getty ImagesBridgewater Associates founder and billionaire Ray Dalio warned Monday that Moody’s downgrade of the U.S. sovereign credit rating understates the threat to U.S. Treasurys, saying the credit agency isn’t taking into account the risk of the federal government simply printing money to pay its debt.”You should know that credit ratings understate credit risks because they only rate the risk of the government not paying its debt,” Dalio said in a post on social media…
A look at why the publicly traded pharmaceutical giant is snapping the genetic-testing company out of bankruptcy. Source link