New Covid cases are spiking across mainland China, prompting many local authorities to tighten controls on movement.
Category: Finance News
Jamie Dimon says Musk should ‘clean up Twitter,’ echoes Tesla CEO’s bot concerns
Jamie Dimon appears to be a fan of Elon Musk’s $44 billion Twitter takeover deal.
Airlines are adding more flights in Asia. Here’s how that may affect airfares
Recent announcements from major airlines show that commercial aviation continues to rebound in the region. But it may take some time before airfares fall.
U.S. should pump more oil to avert war-level energy crisis, says JPMorgan’s Jamie Dimon
JPMorgan Chase CEO Jamie Dimon said Monday that the U.S. should forge ahead in pumping more oil and gas to help alleviate the global energy crisis.
Here’s how uber-rich pass wealth to heirs tax-free when markets are down
Wealthy people like Michael Bloomberg and Mark Zuckerberg have used grantor-retained annuity trusts. The trusts have better odds of success in down markets.
‘This is serious’: JPMorgan’s Jamie Dimon warns U.S. likely to tip into recession in 6 to 9 months
JPMorgan Chase CEO Jamie Dimon warned that a “very, very serious” mix of headwinds was likely to tip both the U.S. and global economy into recession.
Fed’s Evans says fighting inflation is the top priority even if that means job losses
Chicago Fed President Charles Evans said the central bank is holding fast in its commitment to bring down inflation.
IRS delays guidelines, waiving penalties for some inherited retirement accounts until 2023
If you inherited a retirement account in 2020 or 2021, the IRS is waiving penalties for some heirs who needed to start taking required minimum distributions.
Stocks making the biggest moves midday: Ford, Las Vegas Sands, Nvidia, Kraft Heinz and more
These are the stocks posting the largest moves in midday trading.
ARK’s Cathie Wood issues open letter to the Fed, saying it is risking an economic ‘bust’
The Fed likely is making a mistake in its hardline stance against inflation, Ark Invest’s Cathie Wood said Monday.