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
Business
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
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
Yum Brands recently reported a mixed quarter as both Pizza Hut and KFC reported declining same-store sales. The company’s CEO, David Gibbs, attributed these declines to the impacts of the Middle East conflict and a more cost-conscious consumer base. These factors have presented significant headwinds for same-store sales, making it difficult for Yum Brands to
After the recent chaos that ensued due to a botched CrowdStrike software update, Delta Air Lines CEO Ed Bastian has taken a step towards showing appreciation to the staff members who bore the brunt of the disruptions. By offering employees two free travel passes, Bastian aims to acknowledge the hardships faced by the team during
The recent update on the availability of Eli Lilly’s weight loss injection Zepbound and diabetes drug Mounjaro in the U.S. market reflects a persistent issue of inconsistent supply. It is concerning to note that doses of Mounjaro have been in short supply since as early as 2022, while Zepbound faced shortages following its approval in
Tadge Juechter, often referred to as the “godfather” of the modern Corvette, recently retired from General Motors after a successful career spanning close to five decades. He played a pivotal role in introducing the new 2025 Chevrolet Corvette ZR1, which has been hailed as the most powerful and fastest version of the iconic sports car.
The Summer Olympics in Paris has been a major event drawing millions of viewers across the U.S. With the emergence of new faces and personalities during the coverage, one name that stands out is Snoop Dogg. His involvement in the Games has sparked both excitement and controversy, leading to a shift in the dynamic of
In a groundbreaking move, Morgan Stanley has given the green light to its financial advisors to offer bitcoin exchange-traded funds (ETFs) to eligible clients. This decision sets the bank apart from its Wall Street counterparts and underscores the mainstream acceptance of bitcoin in the financial world. Morgan Stanley’s 15,000 financial advisors will be able to
Eli Lilly’s latest weight loss drug, Zepbound, has shown promising results in patients suffering from a common type of heart failure and obesity. The late-stage trial data released by the company indicates that Zepbound may offer additional health benefits beyond weight loss and blood sugar regulation. This has the potential to broaden insurance coverage for