Jamie Dimon, JPMorgan Chase’s chief executive, repeatedly warned about tariffs during President Trump’s first term. They were a threat to the economy, he said several times in 2018, and “wouldn’t be a positive,” he said in 2019. Now, two days into Mr. Trump’s second term, Mr. Dimon has called tariffs a valuable “economic weapon.” “If…
The crypto market will see a new all-time high in 2025 on the back of positive regulatory movements in the U.S. under newly inaugurated President Donald Trump, the CEO of Binance told CNBC Tuesday. Richard Teng, who took the reins from former Binance boss Changpeng Zhao last year, told CNBC’s Arjun Kharpal that he sees…
D-Wave Quantum CEO Alan Baratz said Nvidia’s Jensen Huang is “dead wrong” about quantum computing after comments from the head of the chip giant spooked Wall Street on Wednesday. Huang was asked Tuesday about Nvidia’s strategy for quantum computing. He said Nvidia could make conventional chips that are needed alongside quantum computing chips, but that…
This picture taken on Feb. 16, 2024 shows a logo of Nippon Steel Corp. at the company’s Kyushu manufacturing base in Kitakyushu city of Fukuoka Prefecture. U.S. President Joe Biden plans to express concern over Nippon Steel’s proposed $14.9 billion purchase of U.S. Steel, a person familiar with the matter said on Wednesday, pushing the…
Reuters The flight touched down around a third of the way down the runway without its landing gear down A pre-flight inspection of a Jeju Air passenger plane hours before it crashed in South Korea, killing 179 people, found “no issues”, the airline has said. “Nothing abnormal was noted with the landing gear,” the airline’s…
The former CEO of Abercrombie & Fitch (A&F) has dementia and late onset Alzheimer’s disease, his legal team has said in a court document filed in New York. Lawyers for Mike Jeffries have requested a hearing to determine whether he is mentally fit to stand trial on federal sex trafficking charges. The 80-year-old was arrested…
The suspect accused of killing UnitedHealthCare CEO Brian Thompson has pleaded not guilty to New York state murder and terrorism charges. Luigi Mangione, 26, appeared in court on Monday to be arraigned on 11 state criminal counts, including murder a crime of terrorism. He also faces federal stalking and murder charges that could lead to…
Changpeng Zhao, founder of Binance, attends the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris on June 16, 2022. Benoit Tessier | Reuters The estate of collapsed crypto exchange FTX has filed a suit against Binance and its former CEO Changpeng Zhao in an effort to wrest…
People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images On Starbucks’ fourth-quarter earnings call, newly installed CEO Brian Niccol told investors he needed to spend more time in China to understand the challenges. The company’s same-store sales in the country plummeted 14% as foot traffic and the…
Nov 01, 2024 02:21 AM IST Longtime PEN America CEO Suzanne Nossel is stepping down to head Freedom House NEW YORK — The CEO of PEN America, Suzanne Nossel, is stepping down after more than a decade marked by substantial growth and recent controversy, In January, she will be heading the pro-democracy Freedom House. Longtime…
