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Israel's Minister of Defense Yoav Gallant says the Gaza residents who want to save their lives must “go south," after the Israeli military directed hundreds of thousands of residents in Gaza City to evacuate. ——– Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to Bloomberg…
#israel #yoavgallant #gaza #israeli #gazacity #subscribe #bloombergoriginals #bloombergquicktake #breakingnewson
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Canon , the Japanese firm best known for its printers and cameras, launched a critical tool on Friday it says can help manufacture the most advanced semiconductors around. The latest "nanoimprint lithography" system is Canon's challenge to Dutch firm ASML , which dominates the extreme ultraviolet…
#dutch #asml #appleiphones #taiwan #tsmc #euv #apple #promax #samsung #nil
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Jamie Dimon, Chairman of the Board and Chief Executive Officer of JPMorgan Chase & Co., gestures as he speaks during an interview with Reuters in Miami, Florida, U.S., February 8, 2023.
Marco Bello | Reuters
JPMorgan Chase delivered strong profits for the third quarter along with a stern warning Friday from its top executive about the perils the world faces from multiple threats.
“This may be the most dangerous time the world has seen in decades,” CEO Jamie Dimon said in a statement that accompanied the bank’s earnings news release.
The head of the largest U.S. bank by assets cited the ongoing war in Ukraine as well as the attacks Hamas launched on Israel last weekend that he said “may have far-reaching impacts on energy and food markets, global trade, and geopolitical relationships.”
Beyond the military conflicts, Dimon cited the burgeoning national debt and “the largest peacetime fiscal deficits ever” that he said are raising the risks that inflation and interest rates remain high.
Along with the high rates, he mentioned the Federal Reserve’s efforts to reduce its bond holdings. The process, known as quantitative tightening, “reduces liquidity in the system at a time when market-making capabilities are increasingly limited by regulations,” he said.
Dimon recently has said that he has been warning clients about the possibility that interest rates may not only stay elevated but also could rise significantly from here.
“While we hope for the best, we prepare the Firm for a broad range of outcomes so we can consistently deliver for clients no matter the environment,” he said.
JPMorgan Chase showed a $13.15 billion, or $4.33 a share, profit for the July-through-September period, a 35% jump from a year ago. Dimon further cautioned that the performance came from benefits to net interest income and credit costs that likely won’t last.
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In the third episode of "We Don't Talk About Leonard," Leonard Leo is in Maine, a man in his castle, at the height of his powers. He has helped remake the American judicial system, and now he has a plan to do the same for society and politics — to make a Federalist Society for everything.…
#leonardleo #maine #afederalistsociety #propublica #andreabernstein #andykroll #ilyamarritz #supremecourt #wisconsin
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Jack Dorsey, co-founder of Twitter and current CEO of Square Inc., is contributing $1 million to support the launch of a pilot program for guaranteed basic income in his hometown of St. Louis, Missouri. According to the city, applicants will be selected on a first come, first serve basis “for $500…
#jackdorsey #twitter #squareinc #stlouis #missouri #tishaurajones #bb116 #alderwomanshameem #clarkhubbard #deaconessfoundation
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There’s probably very few people in the world that could leave Taylor Swift starstruck, but you best believe Beyoncé is one of them. Two of the world’s biggest pop stars — and 2023’s hugest touring artists — met up at the premiere of the “Anti-Hero” singer’s Eras Tour film premiere Wednesday (Oct.…
#taylorswift #antihero #grammy #queenbey #sofistadium #inglewood #superfans #swiftie #erastour #mexico
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Negotiations between Hollywood studios and the Sag-Aftra actors’ union were suspended on Wednesday as the two sides clashed over streaming revenue, the use of artificial intelligence and other issues at the core of a three-month work stoppage. The breakdown in talks interrupted attempts to end…
#hollywood #wga #amptp #netflix #waltdisney
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Jozef Polc / 500Px | 500Px Plus | Getty Images
The Social Security Administration has announced a 3.2% cost-of-living adjustment for 2024.
These benefit adjustments are made annually to help benefits keep place with inflation. Recipients will see the increase reflected in their January checks.
The 2024 benefit increase is much lower than record 8.7% cost-of-living adjustment Social Security beneficiaries saw this year, the biggest boost in four decades in response to record high inflation. It is also lower than the 5.9% cost-of-living adjustment for 2022.
The 3.2% increase is in line with an estimate released last month by The Senior Citizens League, a nonpartisan senior group.
This is breaking news. Please check back for updates.
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Walgreens Boots Alliance (WBA) – Get Free Report shares edged higher in pre-market trading ahead of the pharmacy benefits manager and retailer's fourth quarter earnings prior to the opening bell. Walgreens, which slashed its full-year profit forecast in late July, is expected to see adjusted…
#wba #dow #rosalindbrewer #timwentworth #actionalertsplus
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Throughout historical periods of exploration, naturalists assembled cabinets of curiosities. These explorers amassed an amalgamation of biological artifacts — like shells, preserved bugs, and stuffed birds — along with other items or sketches from their travels, and placed them in wooden cabinets.…
#legendofzelda #pokémon #saltseachronicles #mutazione #saltsea #grace #molpe #nt #youlouca #neshko
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While most computer-chip makers over the past decades have touted the benefits of an ever-shrinking product, a well-funded Silicon Valley company has built what it says is the largest and fastest-ever computer chip, dedicated to AI. When the five friends who formed Cerebras Systems Inc. decided to…
#siliconvalley #cerebrassystemsinc #seamicro #cerebras #nvidiacorpnvda #nvidia #andrewfeldman #losaltos #sunnyvale #santaclara
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After testing it out over the past month, X has now launched its new expanded profile bio display to X Premium users on the web. As you can see in this example, shared by X News Daily, now, when you visit a profile that has the expanded profile option available, you’ll be able to tap on a “View…
#xpremium #xnewsdaily #linkedin
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Legacy automakers delivered mixed results following third-quarter financial reports, however, sales of electric vehicles (EVs) and battery-operated electric vehicles (BEVs) continued to outperform analyst's forecasts. American automaker, General Motors (NYSE: GM ) concluded the quarter with…
#generalmotors
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RIYADH: A “just transition” to net-zero emissions needs fairer financing and cooperation, a senior director at the Organization of the Petroleum Exporting Countries’ development fund has said. Speaking to Arab News, Shaimaa Al-Sheiby, senior director of Strategic Planning and Economic Services at…
#shaimaaalsheiby #middleeast #northafricaclimate #riyadh #alsheiby #bogolokenewendo #rihamelgizy #westerneurope #southasia #africa
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