JPMorgan Chase CEO has laid out the "worst outcome" for America's economic future, beyond recession.
"The worst outcome is stagflation," said Dimon. "And by the way, I wouldn't take it off the table."
68-year-old Jamie Dimon made his remarks on Tuesday at the Council of Institutional Investors in New York.
JPMorgan Chase...
The DPC has launched an enquiry into whether Google Ireland Limited complied with regulations ahead of Cross-Border processing personal data of EU or EEA data subjects when developing its foundational AI model, Pathways Language Model 2 (PaLM 2).
Before individual data is leveraged, organisations must complete a Data Protection Impact...
In June 2024, Revolut was in talks with Morgan Stanley to sell $500 million in shares, and hit a valuation of $40 billion.
Last month, Storonsky sold 40-60% of Revolut stock in a secondary share sale, which was worth between $200 and $300 million. The secondary sale of staff shares...
Federal Reserve officials head into their policy meeting Tuesday closer to their goal of low inflation, but how much they will ease back on interest rates remains an open question.
A week’s worth of inflation data showed that price pressures have eased substantially since their meteoric rise in 2021-22. One...
As AI-powered drive-thru lanes and automated back of house operations continue to dominate conversations about hot restaurant technologies, operators should remember to take care of the basics too. This month, GoTab and Ansa both announced new digital payment solutions that give operators options for purchasing hardware-free iOS payment capabilities...
The "agreement in principle" comes as the college and pro football seasons are ramping up.
"Through this first-of-its-kind collaboration, DIRECTV and Disney are giving customers the ability to tailor their video experience through more flexible options," a joint statement from both companies said.
"Disney and DIRECTV have a long-standing history of connecting customers...
Americans are feeling a greater sense of optimism about the US economy this month, thanks to slower inflation. Voters also see a greater likelihood that Vice President Kamala Harris will defeat former President Donald Trump in the upcoming November election.
The University of Michigan’s latest consumer survey, released Friday, showed...
A powerful U.S. national security panel reviewing Nippon Steel's (5401.T), opens new tab $14.9 billion bid for U.S. Steel (X.N), opens new tab faces a Sept. 23 deadline to recommend whether the White House should block the deal, two people familiar with the matter said.
The Committee on Foreign Investment...
The financial sector is at a pivotal moment, driven by a shift in consumer preferences and technological advancements.
A PYMNTS Intelligence report “Tapping Into the Future of Payments” explored how the rise of digital payments, especially among younger generations, is transforming the traditional banking landscape, presenting both opportunities and challenges for financial institutions and payment providers.
Digital Wallets: The New Norm...
Tuesday was the first day U.S. Bank customers could use the Paze services through their debit cards, a bank spokesperson said in an email. “Making an online purchase without entering card data and trusting that the payment will process quickly is what clients expect, and what is delivered with...
