Financial – Town Rochelle

This is why Jamie Dimon is always so gloomy on the economy
on May 30, 2025 at 6:59 pm
JPMorgan Chase CEO Jamie Dimon has regularly warned that the U.S. economy faces perils, but even as he sounds the alarm, his bank is doing better than ever.
U.S.-China talks 'a bit stalled' and need Trump and Xi to weigh in, Treasury Secretary Bessent says
on May 30, 2025 at 12:19 pm
U.S.-China trade talks are "a bit stalled," requiring the two countries' leaders to speak directly, Treasury Secretary Scott Bessent told Fox News.
Trump tariffs would still 'pinch' consumers even if trade court block holds, economist says
on May 30, 2025 at 9:15 am
Tariffs on automobiles, steel and aluminum would cost households nearly $1,000 this year, on average, even if country-specific duties are blocked in court.
China’s EV price war is heating up. What’s behind the big discounts?
on May 29, 2025 at 11:22 pm
China's electric car market is getting even more competitive, with significant consequences for the domestic economy and even the global auto market.
GameStop drops nearly 11% despite initiating bitcoin buying plan with $500 million purchase
on May 28, 2025 at 8:00 pm
The purchase, GameStop's first investment in bitcoin, was worth $512.6 million with bitcoin's price of $108,837 Wednesday.
Fed worried it could face 'difficult tradeoffs' if tariffs reaggravate inflation, minutes show
on May 28, 2025 at 7:13 pm
Officials were concerned that tariffs could aggravate inflation and create a difficult quandary with interest rate policy.
Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud
on May 28, 2025 at 6:33 pm
Palantir CEO Alex Karp said the checks can be done in a way that "protects the underlying data and protects the privacy of the people submitting their forms."