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Monthly Archives: October 2022

JPMorgan CEO says UK government deserves benefit of the doubt

JPMorgan Chase CEO Jamie Dimon said new governments “always have issues” and U.K. Prime Minister Liz Truss should be “given the benefit of the doubt” following a turbulent first month in office. “It’ll take time to execute the policies and kind of drive growth and what’s important … [but] there’s …

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China rushes to control new Covid cases across the country

Workers in Shanghai’s Changning district put up fencing on Oct. 7, 2022, around a neighborhood lockdown after reports of new Covid cases. Hector Retamal | Afp | Getty Images BEIJING — New Covid cases are spiking across mainland China, prompting many local authorities to tighten controls on movement. About 4.8% …

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Jamie Dimon says Musk should ‘clean up Twitter,’ echoes bot concerns

JP Morgan CEO Jamie Dimon speaks at the Boston College Chief Executives Club luncheon in Boston, Massachusetts, U.S., November 23, 2021. Brian Snyder | Reuters Jamie Dimon appears to be a fan of Elon Musk’s $44 billion Twitter takeover. “I hope Musk cleans up Twitter,” the JPMorgan CEO told CNBC’s …

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Analysts discuss whether they’re bullish on the emerging market

India has become the go-to destination for many investors — and that’s partly because it’s doing better than many of its peers in a time of economic volatility, economists and analysts say. But research also shows India has a long way to go toward building infrastructure and enacting reforms that …

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More flights in Asia may cause airfares to fall, but it may take time

Many flights that were canceled during the pandemic are returning to the skies this month. Last week, Singapore Airlines and Scoot announced they’re adding dozens of flights to cities across Asia. Citing strong demand and relaxed border restrictions, both airlines announced more flights between Singapore and Japan, South Korea and …

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Jim Cramer goes over the best and worst Q3 performers on the Dow

CNBC’s Jim Cramer on Monday named the biggest losers and winners on the Dow Jones Industrial Average during the third quarter. “Anything economically sensitive has been crushed and even high-dividend yields are no protection when the Fed is on the warpath,” he said. Here are the winners: Winners  Walmart Apple …

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U.S. should pump more oil to avert war-level energy crisis: JPMorgan’s Jamie Dimon

Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine. Al Drago | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Monday that the U.S. should forge ahead in pumping more oil and gas …

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Millennials are going into debt from dating: LendingTree

Love may not “cost a thing,” as Jennifer Lopez once sang, but dating sure does. And it’s hitting millennials’ and Gen Z’s wallets particularly hard. In fact, 22% of millennials (ages 26 to 41) and 19% of Gen Zers (ages 18 to 25) have gone into debt from what they’ve …

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Market rallies will be temporary until the Fed beats inflation

CNBC’s Jim Cramer on Monday warned that any market rally will be temporary until the economy cools down. “Right now you can get a bounce. Without some more data that shows the Fed’s actually winning the war against inflation, though, rates will keep going relentlessly higher and any rally will …

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Chick-fil-A has the longest drive-thru lines in America

When you need to grab a meal in a pinch, few options are faster than the drive-thru lane. But as fast food connoisseurs know, not all chains are created equal. If you’re in a hurry, stay away from Chick-fil-A. The fried chicken chain has the slowest average drive-thru experience at …

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