News

In light of mounting concerns regarding the US’s ballooning fiscal deficit, JPMorgan Chase CEO Jamie Dimon has urged the government to take immediate action to decrease its spending levels. Speaking to Sky News on Wednesday, Dimon warned that failing to address the issue would result in a “far more uncomfortable” problem in the future.…

While some innovative cabin concepts envision the overhead locker area as a space for relaxation, this is not currently a reality for passengers. Climbing into an overhead locker is strongly advised against due to safety concerns. Passengers risk injury if they encounter turbulence or fall out of the locker, and they would also not…

President Joe Biden has announced that tariffs on electric vehicles (EVs) imported from China will quadruple from 25% to 100%. This move is aimed at protecting American manufacturers from what the White House calls China’s unfair trade practices. The decision follows investigations into allegations that heavily subsidised Chinese products are flooding European and US…

The current mortgage rates as of May 15, 2024, are as follows: * 30-year fixed-rate mortgage: 6.990% * 15-year fixed-rate mortgage: 6.250% These rates are unchanged from the previous day. It’s recommended to always check today’s rates before applying for a loan, as they can fluctuate daily. When applying for a mortgage, various factors…

The latest data shows that U.S. retail sales remained stagnant in April, with no growth recorded compared to the previous month. This surprising development follows a slight downward revision to the 0.6% increase in sales observed in March, previously reported as 0.7%. Analysts had predicted a 0.4% rise in sales during April. Despite this,…

Small business owners face significant challenges in navigating economic uncertainty and staying resilient, according to a survey by Capital One. The study revealed that over 1,000 small business owners with less than $20 million in annual revenue and at least one employee experience high levels of stress, anxiety, and burnout as a result of…

Based on the latest information provided, it appears that Charles Schwab’s acquisition of TD Ameritrade has not been without issues. Many customers have expressed frustration with the transition process, citing difficulties with the new platform and interface. Some users reported being locked out of their accounts during the transition and experiencing longer-than-expected wait times…

Goldman Sachs has announced the hiring of two investment bankers, Kerry Burke from Evercore and Eddie Rubin from Lazard, as part of their push to expand their business in advising on deals valued under $2 billion. The unit, named Cross Markets Group (CMG), was established in 2019 to increase Goldman’s share of fees from…

In April, retail sales in the United States remained unchanged from the previous month, as consumers continued to grapple with rising inflation and the impact of increased interest rates. This contrasted with recent months, where retail sales had shown steady growth. Analysts had predicted a 0.4% increase in spending during this period. Excluding sales…