JPMorgan CEO Jamie Dimon, predicts rough times ahead for regional banks and warns of more deposit runs, as future interest rate hikes become increasingly likely. Dimon warned at a May 22 Q&A Investor Day meeting at JPMorgan Chase that interest rates were likely to go higher from here and rise to as much as 7 percent….
Jamie Dimon Sees Rough Times Ahead for Smaller Banks, Predicting Interest Rates as High as 7 Percent
May 24, 2023
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Business & MarketsCompanieseconomic policieseconomyinflationJamie DimonJPMorgan ChaseMarketsrecessionregional banksUS
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Tesla to Pick Location for New Factory This Year, Musk Says
Tesla Inc. Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year. When the Wall Street Journal’s Thorold Barker asked Musk at an event if India was interesting, he said, “Absolutely.” Tesla is “serious” about its plans to establish a…
Stocks Slide on US Debt Ceiling and Inflation Woes
LONDON—Stocks lurched downwards on Wednesday as U.S. debt ceiling negotiations dragged on without resolution, stoking a general malaise in markets that saw safe haven assets like the dollar and gold hold near recent highs. The New Zealand dollar meanwhile tumbled after the central bank caught markets off-guard by flagging that its tightening cycle is over….
Meta Sells Giphy for $53 Million to Shutterstock After UK Blocked GIF Platform Purchase
WASHINGTON—Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53 million, the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the GIF-sharing platform over competition concerns. The stock image service said it’s paying cash for Giphy, which has 1.7 billion daily users and partners including…
Elon Musk Signals Twitter’s Headquarters May Not Stay in San Francisco
May 24, 2023
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Business & MarketsCaliforniaCompaniesheadquartersMuskNorthern CaliforniaRegional & State NewsState NewsTechTech NewsTwitterUSUS News
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SAN FRANCISCO—Twitter might not keep its headquarters in San Francisco forever, its owner Elon Musk signaled Tuesday. Speaking virtually at the Wall Street Journal’s CEO Council Summit in London, Musk gave a noncommittal answer to an interviewer’s question about whether the company will stay in the California city. San Francisco officials announced last week they…
Target Removes Controversial Kids LGBT Products From All Stores After Boycott Threats
Target has removed a range of controversial LGBT-themed children’s products from all of its U.S. stores and online after calls to boycott the retailer spread on social media. The retail giant cited employee safety concerns and angry backlash in some stores as motivating the move. It comes after calls spread on social media to boycott…
Australian Authorities Made 4,000 Requests to Big Tech to Censor COVID-19 Content
May 23, 2023
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AustraliaBusiness & MarketsCCP VirusCompaniescovid censorshipInternationalMedia & Big TechVaccines & SafetyWorld
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The Australian Home Affairs Department—normally responsible for dealing with terrorism and border security—made over 4,000 requests to U.S. tech giants to review COVID-19-related content during the pandemic years. The revelations come after a Freedom of Information request (pdf) from Senator Alex Antic and highlight the extent to which government authorities attempted to control public discourse around…
PwC Facing Potential Criminal Charges
The Australian government is considering taking criminal action against one of the world’s largest consulting firms PriceWaterhouseCooper (PwC) following revelations the company used confidential treasury information to create a system that enabled large companies to avoid paying Australia’s newly devised taxes. Australia’s Assistant Treasurer and Minister for Financial Services Stephan Jones has confirmed that the Australian…
[PREMIERING 9:30AM ET] Paul D. Thacker: Twitter’s Secret Meetings and How Certain Journalists and Officials Gained ‘Exclusive Access’ to the Social Media Giant
May 23, 2023
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American Thought LeadersATL:NOWBig TechBig Tech CensorshipBig Tech, Censorship, and SocialismBusiness & Marketscancel cultureCCP VirusCompaniesCOVID vaccineCOVID-19EpochTVFacebookFDAFeatured TopicsLive VideosMedia & Big TechPfizerTaylor LorenzTony FauciTucker Carlsontwitter filesUSVideo
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“What Elon Musk did is, by buying Twitter, he severed ties between Twitter officials and some very privileged journalists who had exclusive or premier access to Twitter,” says Paul D. Thacker, an investigative reporter and Twitter Files journalist. Thacker recently revealed a number of relationships between Twitter staff and certain journalists, pharmaceutical companies, and government…
Growing Number Calls for Boycott Target Over LGBT Clothes for Kids
Calls to boycott Target have spread on social media after the retailer released another line of LGBT clothing for kids, including for newborn children. According to Target’s website, it recently released its so-called “Pride Collection” for 2023, including onesies for infants that feature pro-LGBT content coming in sizes of zero to three months. One onesie…
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