Jamie Dimon criticizes Zohran Mamdani as 'more Marxist than socialist,' blasts Democrats' DEI focus, and faults Biden's economic expertise. A group is forming to counter Mamdani's mayoral bid.
Goldman Sachs is implementing a new policy requiring junior bankers to periodically recommit to the firm, aiming to reduce defections to private equity. Concerns are raised about early career decisions and potential conflicts.
A study shows tariffs are changing US consumer behavior. Many are cutting spending, compromising on groceries, and value brand transparency regarding price increases due to tariffs. Openness is key.
US & China trade face tensions over tariffs. China warns against reigniting trade war and threatens retaliation. Dialogue and collaboration are crucial. Averages are US 51.1% and China 32.6%.
The end of US EV tax credits ($7500 new, $4000 used) on Sept 30 is expected to boost sales short-term, followed by a drop. Automakers gain from relaxed fuel economy fines. China may benefit. Impacts EV penetration.
Trump's administration to impose tariffs as high as 70% on trading partners. EU seeks to avoid toll hikes. US-China trade truce fragile. US house passed financial bills on border security and military operations.
Treasury Secretary Bessent addresses leading both Treasury & Fed, tariff impacts, and a replacement for Fed Chairman Powell. Tariffs may cause a one-time cost bump but shouldn't increase inflation long-term.
Meta's aggressive talent acquisition from OpenAI sparks concerns about cultural impact and fair compensation. OpenAI responds by rectifying compensation and exploring creative methods to retain top talent amidst lucrative Meta offers.
Trader Joe's will keep both Sherman Oaks stores open despite a new location across from an older one. The company cites growth and bringing value to customers as reasons. Founded in 1967, Trader Joe's aims to expand access.
NYC faced a near Detroit-style financial crisis due to corruption, rising crime, and unemployment. Rich Farley's account details the city's fall and rise from this economic void. The 1970s crisis deeply impacted working families.
Florida's retail market is booming due to low taxes, growing population, and high-net-worth individuals relocating. Low vacancy rates and increasing demand drive expansion. Key players like Publix and Foot Locker are expanding.
ONGC successfully capped a well blowout at the RDS 147A site in Sivasagar, with help from Cudd Pressure Control. The damaged BOP was removed and a covering pile installed. No casualties reported.
