Finance
Sahm Rule creator doesn’t think that the Fed needs an emergency rate cut
The U.S. Federal Reserve does not need to make an emergency rate cut, despite recent weaker-than-expected economic data, according to...
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Container explodes on cargo ship at China’s key Ningbo port
An aerial photo is showing containers at Beilun Port in Ningbo, Zhejiang province, China, on April 11, 2024.Nurphoto | Nurphoto...
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JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI
JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks,...
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The unemployment insurance program is unprepared for a recession, experts say
Job seekers attends the JobNewsUSA.com South Florida Job Fair on June 26, 2024 in Sunrise, Florida.Joe Raedle | Getty ImagesRenewed...
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A ‘soft landing’ is still on the table, economists say
Traders on the floor of the New York Stock Exchange during afternoon trading on Aug. 02, 2024.Michael M. Santiago |...
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Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
Traffic_analyzer | Digitalvision Vectors | Getty ImagesFinancial services companies and their digital technology suppliers are under intense pressure to achieve...
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Italy looks like fertile ground for a mega merger deal in banking
Banking analysts assess the possibility of a banking merger in Italy.Bloomberg | Bloomberg | Getty ImagesMILAN, Italy — European policymakers...
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Jamie Dimon says he still sees a recession on the horizon
JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a "soft landing" for the U.S....
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Markets are counting on the Fed to head off recession with sizable interest rate cuts
Federal Reserve Chairman Jerome Powell takes a question from a reporter during a news conference following a Federal Open Market...
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Consumer giants from Starbucks to General Mills have one big sales problem: China
Pictured here is a McDonald's store in Yichang, Hubei province, China, on July 30, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING...
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