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Jamie Dimon says Trump’s $5B JPMorgan lawsuit has ‘no merit,’ but he’d be angry about debanking too

Ravi Singh3 days ago03 mins

While he dismissed President Donald Trump’s $5 billion debanking lawsuit against his company, JPMorgan CEO Jamie Dimon said he also understands why the president is angry. Trump named both Dimon and JPMorgan as defendants in a January lawsuit that accused the bank of cutting business ties with the president for political reasons after his supporters…

Job losses due to AI: US Fed gov Cook has important observation; says unemployment could rise in short-term

Ravi Singh1 week ago02 mins

Federal Reserve governor Lisa Cook on Tuesday (local time) cautioned that artificial intelligence is beginning to reshape the US labour market in ways that could further push unemployment rates higher and limit how effectively the central bank can respond with interest rate cuts.Speaking in remarks for a national association for business economics conference, Cook said,…