JPMorgan CEO Jamie Dimon has announced his intention to remain in his position for a few more years. During the latest town hall meeting, Dimon addressed employees and […]
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FEDERAL RESERVE BANK of NEW YORK
Good morning, everyone. I am pleased to be here today. My primary area of research has been monetary policy under uncertainty, and after 30 years in central banking, […]
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Commerce Secretary promotes Tesla stock on Fox News, raising ethics concerns
Commerce Secretary Howard Lutnick encouraged Fox News viewers to buy Tesla stock, potentially violating federal ethics rules that prohibit officials from endorsing products or businesses. This action aligns […]
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Fire at London electrical substation causes Heathrow Airport closure
A fire at an electrical substation near London’s Heathrow Airport has resulted in the closure of one of the world’s busiest airports. Heathrow Airport reported that the fire […]
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Governor Waller’s Statement on Federal Reserve Balance Sheet Normalization
At the latest Federal Open Market Committee (FOMC) meeting, Governor Christopher J. Waller supported maintaining the federal funds target range without change while continuing the current pace of […]
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More Women Are Leading Investments in Prominent Family Offices
Elizabeth Lilly started her own asset management firm in 2017, a dream she had nurtured since her 20s while working as an equity analyst. She envisioned her future […]
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CoreWeave Faces Investor Scrutiny Amid $7.5bn Debt Repayment Pressure
CoreWeave is testing the risk appetite of investors as it approaches $7.5 billion in looming debt repayments. The situation has drawn attention from industry leaders and financial experts, […]
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Klarna Partners with DoorDash for Buy Now, Pay Later Food Delivery Payments
Klarna has secured a buy now, pay later deal with DoorDash, marking another significant achievement ahead of its Initial Public Offering (IPO). This partnership aims to provide DoorDash […]
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Bank of England Holds Interest Rates Amid Global Trade Uncertainty
The Bank of England maintained interest rates unchanged on Thursday amidst uncertainty surrounding global trade and potential stagnation at home. The central bank’s benchmark interest rate remains at […]
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Amtrak CEO Resigns Amid Funding Uncertainty
The CEO of Amtrak has resigned following weeks of discussions regarding the potential privatization of the rail service. This decision comes amid threats of a transit funding pullback […]