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Financial News Around the World

Jamie Dimon warns ‘all these very powerful forces’ will impact U.S. economy in 2024 and 2025

Dimon has remained cautious over the past few years, despite record profits at JPMorgan Chase and a U.S. economy that has defied expectations.

Published 17 January 2024
Categorised as Finance News

Retail sales rise 0.6% in December, topping expectations for holiday shopping

Retail sales increased 0.6% for the month, buoyed by a pickup in clothing and accessory stores as well as online non-store businesses.

Published 17 January 2024
Categorised as Finance News

Stocks making the biggest moves before the bell: Spirit, Tesla, Teladoc, Rivian and more

These are the stocks posting the largest moves in premarket trading.

Published 17 January 2024
Categorised as Finance News

Mega rich renew call on global leaders at Davos to ‘tax our extreme wealth’

The signatories include Disney heir Abigail Disney, screenwriter Simon Pegg and Valerie Rockefeller, inheritor of the famed U.S. family.

Published 17 January 2024
Categorised as Finance News

AI era is a ‘seismic moment’ in tech we’ve not seen in a decade, top Meta exec says

Nicola Mendelsohn, head of global business group at Meta, reflected on her outlook for artificial intelligence in 2024.

Published 17 January 2024
Categorised as Finance News

UBS CEO says Swiss public ‘indoctrinated’ to worry about bank’s balance sheet

UBS CEO Sergio Ermotti on Wednesday said people with concerns about the size of the bank’s balance sheet “are getting indoctrinated” by academics.

Published 17 January 2024
Categorised as Finance News

UK inflation rate surprises with rise to 4%, led by alcohol and tobacco

U.K. inflation unexpectedly nudged upwards to 4% year-on-year in December.

Published 17 January 2024
Categorised as Finance News

OpenAI CEO Sam Altman opens up about being fired by the board: ‘Super caught off guard’

OpenAI CEO Sam Altman speaks out about being unexpectedly fired by the board in November, and said he felt “super confused” and was “super caught off guard.”

Published 17 January 2024
Categorised as Finance News

China misses fourth-quarter GDP estimates, resumes posting youth unemployment data

GDP for the last three months of 2023 rose by 5.2%, missing analysts’ estimates of 5.3% in a Reuters poll.

Published 17 January 2024
Categorised as Finance News

China’s economic growth is set to slow in 2024. Here’s what Wall Street is predicting

Major investment banks expect China’s economy to grow at a slower pace in 2024 than in 2023, according to forecasts released in the last few months.

Published 17 January 2024
Categorised as Finance News

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