Month: November 2023
Jamie Dimon says JPMorgan Chase would exit China if ordered to
Chairman and C.E.O. of JPMorgan Chase & Co. Jaime Dimon speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty Images JPMorgan Chase CEO Jamie Dimon said Wednesday that his bank would exit China if the U.S. government ordered him to. “If the […]
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COP28 host UAE lashes out at ‘fake news’ on eve of the significant UN local weather summit
The Blue Zone entrance at the Dubai Exhibition Center forward of the COP28 local climate conference at Expo City in Dubai, United Arab Emirates, on Wednesday, Nov. 29, 2023. Far more than 70,000 politicians, diplomats, campaigners, financiers and organization leaders will fly to Dubai to communicate about arresting the world’s slide towards environmental catastrophe. Photographer: Annie Sakkab/Bloomberg through […]
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U.S. GDP grew at a 5.2% level in the third quarter, even more powerful than very first indicated
The U.S. economy grew at an even stronger speed then beforehand indicated in the third quarter, the product or service of better-than-envisioned small business financial commitment and more powerful govt paying, the Commerce Division noted Wednesday. Gross domestic merchandise, a evaluate of all items and providers manufactured throughout the a few-thirty day period period of […]
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Google Maps altered shades and some folks are upset, which includes a former designer
Combo reveals Google Maps previous appear and new up-to-date design and style. Courtesy: Google Maps If you want to spark a very good-hearted debate at the business office water cooler, request your coworkers what they imagine about the new Google Maps color plan. The new update, which has been out for months, was a lightning […]
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Elliott can take $1 billion stake in Phillips 66, options to look for two board seats
Elliott Administration has taken a $1 billion stake in Phillips 66 and is in search of as numerous as two board seats as the company underperforms its peers, in accordance to a Wednesday letter from the activist trader. Phillips 66’s stock rose almost 6% in early investing Wednesday. The crude refining organization has a market […]
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GM says union labor deals will increase costs by $9.3 billion
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty Images General Motors expects new labor contracts with the United Auto Workers and Canadian union Unifor to increase its costs by $9.3 billion and add approximately $575 in costs per vehicle during […]
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OPEC+ oil producers head into conference with quota unease and geopolitical risks casting a shadow
Saudi electrical power minister Abdulaziz bin Salman on Oct. 5, 2022. Bloomberg | Bloomberg | Getty Pictures The influential Organization of Petroleum Exporting Countries and its allies, collectively identified as OPEC+, convene to determine subsequent creation plan methods on Thursday, in a postponed digital meeting overshadowed by conflict in the Middle East, inner disgruntlement and […]
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GM initiates $10 billion buyback, boosts dividend and reinstates 2023 guidance after UAW strikes
General Motors is working to regain Wall Street’s confidence leading into 2024 with several investor-focused initiatives Wednesday following a tumultuous year of labor strikes and setbacks in its plans for electric and autonomous vehicles. The Detroit automaker plans to increase its quarterly dividend next year by 33% to 12 cents per share; initiate an accelerated […]
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Israel-Hamas war updates: Israel-Hamas truce nears end; Erdogan blasts Netanyahu as ‘butcher of Gaza’
Erdogan blasts Netanyahu as the ‘butcher of Gaza’ Turkish President Recep Tayyip Erdogan. Anadolu Agency | Anadolu Agency | Getty Images Turkish President Recep Tayyip Erdogan ramped up criticism of Israeli Prime Minister Benjamin Netanyahu, whom he has dubbed the “butcher of Gaza,” amid ongoing objections to the Israeli incursion in the enclave. “Netanyahu, who […]
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Foot Locker shares rise as retailer posts earnings beat, gives more upbeat sales outlook
A Foot Locker store near the Times Square neighborhood of New York, US, on Monday, Nov. 13, 2023. Bing Guan | Bloomberg | Getty Images Shares of Foot Locker rose on Wednesday after the company posted surprise earnings and sales beats and said it saw strong results over Thanksgiving weekend. The sneaker and sportswear retailer […]
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