JPMorgan Chase CEO Jamie Dimon recently shared his thoughts on the current state of the U.S. economy. Despite previous concerns, Dimon still believes that the chances of a “soft landing” are relatively low, sitting at around 35% to 40%. This means that he sees a recession as the more probable scenario. Dimon’s stance echoes his
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Retirees are finding it increasingly difficult to make ends meet as they struggle to afford basic necessities. The issue of exempting Social Security from income taxes has gained bipartisan support across the political spectrum. This has become a point of contention in the 2024 election, with Former President Donald Trump proposing a federal policy and
On Wednesday, the U.S. stock market saw a positive trend following a three-day losing streak. The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite all experienced gains, with percentages ranging from 1% to 1.9%. Jim Cramer described the day as a “good day” after Monday’s decline, attributing the sell-off to the unwinding of the
In a surprising turn of events, Disney’s media business is no longer seen as a burden on the company. For the past few years, the prevailing narrative has been that Disney’s streaming losses, coupled with a decline in traditional pay TV, have been overshadowing the success of its theme parks and resorts. Consequently, this has
Sony’s finance chief, Hiroki Totoki, recently announced that Sony will not be reconsidering a fresh bid for film and TV production group Paramount Global. Totoki stated that acquiring Paramount does not align with Sony’s strategic goals, citing potential risks associated with such a large acquisition. This decision comes after reports from the Japanese financial newspaper
The recent weaker-than-expected economic data in the United States has raised concerns about the need for an emergency rate cut by the U.S. Federal Reserve. However, Claudia Sahm, chief economist at New Century Advisors, has expressed her opinion that an emergency cut may not be necessary at this point in time. She believes that the
In light of the recent volatility in the market, it is crucial for investors to consider the role of bonds in their portfolios. Joanna Gallegos, the co-founder and CEO of BondBloxx, emphasizes the significance of prioritizing income and high-yield bonds as part of a diversified investment strategy. According to Gallegos, fixed income assets play a
The latest data on unemployment rates for the month of July has revealed a concerning trend that has caught the attention of many economists. The Bureau of Labor Statistics has identified a group of workers known as marginally attached workers. These individuals are willing and available to work, but have not actively searched for a
Disney has recently announced that it will be increasing prices on its streaming platforms, including Disney+, Hulu, and ESPN+. These price hikes are set to take effect in mid-October, with most plans seeing an increase of $1 to $2 per month. The most expensive plans on Hulu, which include live TV, will see a significant
SunPower, once a leading rooftop solar installer, has recently filed for bankruptcy after facing months of financial struggles. The company’s stock plummeted by 32% to just 55 cents per share on Tuesday, marking a nearly 90% collapse in value over the course of the year. SunPower’s Chapter 11 protection filing in U.S. Bankruptcy Court for
