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Monthly Archives: February 2023

Jamie Dimon says the Federal Reserve has ‘lost a little bit of control of inflation’

JPMorgan Chase CEO Jamie Dimon said Thursday that the Federal Reserve has lost some control of inflation, but noted the U.S. economy continues to show signs of strength. “I have all the respect for [Fed Chairman Jerome] Powell, but the fact is we lost a little bit of control of …

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DOJ reportedly probes Google Maps, adding to antitrust concerns

CEO of Alphabet and Google Sundar Pichai in Warsaw, Poland on March 29, 2022. Mateusz Wlodarczyk | Nurphoto | Getty Images The Department of Justice has renewed its focus on Google Maps, adding to its already-sprawling antitrust investigation into the company, Politico and Bloomberg reported Wednesday. The DOJ is homing …

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A24 is auctioning off ‘Everything Everywhere’ props and memorabilia

Some of the biggest props from “Everything Everywhere All at Once” will soon be going once, going twice, sold. A24 is auctioning off memorabilia from one of the year’s top Oscar-nominated films over the next week and a half, with proceeds going to a trio of charities selected by the …

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401(k) retirement savings account balances sank in 2022, Fidelity says

Fluxfactory | E+ | Getty Images In a year marked by stiff economic headwinds, retirement savers paid the price. Although the average 401(k) balance rose in the fourth quarter of last year, balances ended 2022 down 23% from a year earlier to $103,900, according to a new report by Fidelity …

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EU Commission bars employees from using TikTok, citing security risks

Shou Zi Chew, chief executive officer of TikTok Inc., speaks during the Bloomberg New Economy Forum in Singapore, on Wednesday, Nov. 16, 2022. Bryan van der Beek | Bloomberg | Getty Images The European Commission, the executive arm of the EU, banned its employees from using TikTok on their smartphones …

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FTX founder Sam Bankman-Fried faces new criminal charges

FTX co-founder Sam Bankman-Fried was hit with four new criminal charges on Thursday in a superseding indictment filed in New York federal court. A source familar with the new counts said that SBF, as he is popularly known, could face an additional 40 years in prison if convicted in the …

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Nvidia stock up 12% on earnings, A.I. potential

Nvidia shares opened up more than 12% Thursday morning, a day after the chipmaker reported a beat on the top and bottom line. Analysts are also bullish on the company’s AI vision. Nvidia reported $6.05 billion in revenue for the fiscal fourth quarter and adjusted EPS of 88 cents, edging …

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U.S. will resume economic talks with China ‘at an appropriate time’: Yellen

Alex Wong / Staff / Getty Images U.S. Treasury Secretary Janet Yellen said Thursday the United States would resume economic talks with China “at an appropriate time” as Beijing continues to sell its vast stock of Treasurys and as Washington warns against possible sanctions violation in relation to Russia. “I …

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England’s prized soccer league to face regulation and tough new ownership rules

Fans of Chelsea Football Club protest against the European Super League outside Stamford Bridge on April 20, 2021 in London, England. Plans for the league were scrapped following mass opposition. Rob Pinney | Getty Images News | Getty Images LONDON — The U.K. government on Thursday confirmed plans to set …

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HKEX CEO Nicolas Aguzin on new IPOs, China, Middle East and Aramco

Nicolas Aguzin, chief executive officer of Hong Kong Exchanges & Clearing Ltd., speaks at event on the sidelines on the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2023. Bloomberg | Bloomberg | Getty Images Excess savings from Chinese households could be growth …

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