Jamie Dimon, President & CEO,Chairman & CEO JPMorgan Chase, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 17th, 2024. Adam Galici | CNBC JPMorgan Chase CEO Jamie Dimon warned Friday that multiple challenges, primarily inflation and war, threaten an otherwise positive economic backdrop. “Many economic indicators […]
Dr Bernanke’s review recommends the Bank must thoroughly update its whole framework for forecasting the economy, overhauling or scrapping its existing software, known as Compass (Central Organising Model for Projection Analysis and Scenario Simulation). Source link
Barclays, meanwhile, is challenging a ruling that it unfairly paid commission to a car finance broker. When the FCA first announced its probe in January, it cited two cases, including that of a “Miss L”, who was found to have been mis-sold car finance by Barclays Partner Finance. Source link
U.S. President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House in Washington, D.C., on Aug. 24, 2022. Evan Vucci | AP Here is who benefits from this round of forgiveness In this round of forgiveness, more than 206,000 borrowers will collectively get $3.6 billion in debt erased […]
Let’s take a step back to explain what the Post Office scandal is. More than 900 sub-postmasters were prosecuted for stealing because of incorrect information from a computer system called Horizon, in what has been described as the UK’s most widespread miscarriage of justice. The Post Office itself took many cases to court, prosecuting 700 […]
The economy grew by 0.1%, official figures show, with the production sector providing the biggest boost. Source link
A robot prepares to pick up a tote containing product at the Amazon Robotics fulfillment center on April 12, 2019 in Orlando, Florida. Nurphoto | Nurphoto | Getty Images A top Amazon executive told CNBC Thursday that it’s a “myth” that robots and other technologies take jobs away from people. Stefano La Rovere, director of […]
Denver has announced that the state’s rate of inflation has hit its lowest in three years. The news means the Mile-High City’s inflation has hit under 3% and well below the United States average. The Denver-Aurora-Lakewood area would see this financial boon due to outsourced food and gasoline prices. Denver tops the low inflation charts […]
FanDuel has made campaign assurances to the one hundred tribes that call the Golden State home. Speaking at the Indian Gaming Tradeshow & Convention in Anaheim, California FanDuel Chief Executive Officer Amy Howe made assurances to the assembled representatives and the media. She said “If legalized wagering is going to be done in California, it […]
Record-breaking rainfall leaves fields under water, threatening this year’s harvest yield and quality. Source link