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“JPMorgan’s Jamie Dimon warns ‘cold war is back’” JPMorgan chief Jamie Dimon gave another dire warning about the Ukraine war’s potential long-term impact on the global economy on Wednesday – cautioning that an escalation in the brutal Russian invasion is a potential “disaster” that could cause an economic slowdown. Dimon indicated that he is more…
“Clorox, P&G, Kraft boost defenses against generic brands” The makers of brand-name products such as Tide detergent and Kraft Macaroni & Cheese are bolstering their defenses against store-brand rivals like Walmart’s Great Value products as shoppers’ budgets start to show signs of strain due to persistent inflation. Executives at Clorox said they have seen private-label rivals make…
” Argentina’s largest two banks to allow crypto trading “ Argentina’s largest and second-largest private banks, Banco Galicia and Brubank, have announced that they will allow customers to make crypto purchases. Bloomberg reported on May 2 that a resounding 60% of respondents to an Argentinian poll asked for more access to crypto, which catalyzed the…
“Biden sees no evil on inflation and other commentary” Conservative: Biden Sees No Evil on Inflation “There’s something strange about the way that inflation . . . falls out of the news cycle for days or even weeks,” notes Jim Geraghty at National Review — as the media dodge “the issue that is currently crushing” President Biden…
” Afraid to buy the dip? Bitcoin options provide a safer way to ‘go long’ from $38K “ The last time Bitcoin (BTC) traded above $50,000 was Dec. 27, 2021. Since then, four months have passed, but traders seem somewhat optimistic that inflation has hit the necessary threshold to trigger cryptocurrency adoption. In theory, the…
“Inflation is ‘swindling’ investors, cash hoarders” Billionaire Warren Buffett said rampant inflation is squeezing Americans everywhere — regardless of whether they’re taking steps to avoid it. “Inflation swindles the bond investor… it swindles the person who keeps their cash under their mattress, it swindles almost everybody,” the legendary investor said at Berkshire Hathaway’s annual meeting…
“Why Biden’s Hispanic support has collapsed” Hispanics are America’s largest minority voting bloc. In 2020, President Joe Biden received 61% of our vote, support that’s indisputably plummeted. One recent poll shows the president’s approval rating among Hispanics is an abysmal 26%, and an astonishing 41% “disapprove strongly” of his performance. There are several reasons his…
“Joe and Kamala’s ‘rocky’ ties and other commentary” White House watch: Joe, Kamala’s ‘Rocky’ Ties As vice president, Joe Biden’s weekly meal with President Barack Obama wasn’t just a meal but “a meeting when things really got done,” and Biden vowed the same relationship with his veep, Kamala Harris, notes RealClearPolitics’ Philip Wegmann. Yet the…
“Stocks tank as Amazon, Apple reports worry investors” US stocks tumbled Friday to cap a week of volatile trading as investors reacted to downbeat earnings reports from blue-chip tech firms and worrisome economic data. The Dow Jones Industrial Average plummeted 939.18 points, or 2.77%. The tech-heavy Nasdaq index fell 536.89 points, or 4.17%, and the…
“We need economic vision, not Joe Biden’s nonsense” “No one is predicting a recession now,” President Joe Biden fibbed Thursday, though “there may be recession in 2023.” In fact, America’s already at the brink, as the US economy shrank in the first quarter of 2022, contracting by an ugly 1.4% — the first such drop…