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Dimon warns credit card rate cap would be ‘disaster’
JPMorgan CEO Jamie Dimon says Trump’s proposed 10% credit card rate cap would slash access to credit and hurt consumers.
Intel results to spotlight turnaround efforts as AI data centers boost chip demand
Intel shareholders are increasingly optimistic as CEO Lip-Bu Tan’s turnaround plan boosts data center demand and shares.
Blackstone weighs $5 billion sale of Beacon Offshore, source says
Blackstone is exploring a sale or IPO of Beacon Offshore Energy, valuing the Gulf of Mexico oil and gas operator at over $5B.
Oil edges up as investors assess US tariff threats, weaker dollar
LONDON, Jan 20 (Reuters) – Oil prices were slightly higher on Tuesday as investors monitored U.S. President Donald Trump’s tariff threats against European states opposing his push to acquire Greenland, while firmer global economic growth expectations and a weaker U.S. dollar supported prices. Brent futures gained 49 [...]
Congressional spending deal provides funding for 2,500 new air traffic controllers, $2.4 billion for Amtrak
WASHINGTON, Jan 20 (Reuters) – A bipartisan spending deal announced Tuesday provides funding for 2,500 air traffic controllers and $2.4 billion for U.S. passenger railroad Amtrak. The funding deal also includes $514 million to subsidize air services to rural communities in a program called the Essential Air Service program[...]
Netflix makes all-cash bid for Warner Bros assets
LOS ANGELES, Jan 20 (Reuters) – Netflix has switched to an all-cash offer for Warner Bros Discovery’s studio and streaming assets without increasing the $82.7 billion price in a bid to shut the door on Paramount’s rival efforts to snag the Hollywood giant. The new all-cash bid – at $27.75 a share – [...]
White House seeks emergency power auction for largest US electric grid
WASHINGTON, Jan 16 (Reuters) – The White House on Friday urged the largest U.S. electric grid to conduct an emergency power auction to protect against rolling blackouts as energy demand from data centers grows faster than the country can build new generation plants. The Trump administration initiative calls on PJM Intercon[...]
Fed should be ready to cut rates again amid job market risks
FOXBOROUGH, Massachusetts, Jan 16 (Reuters) – Federal Reserve Vice Chair for Supervision Michelle Bowman said on Friday a fragile job market that could weaken quickly means the U.S. central bank should stand ready to cut interest rates again if needed. “Absent a clear and sustained improvement in labor market conditi[...]
US, Taiwan reach trade deal focused on semiconductors, US Commerce Department says
WASHINGTON, Jan 15 (Reuters) – The U.S. and Taiwan clinched a trade deal on Thursday that cuts tariffs on many of the semiconductor powerhouse’s exports, directs new investments in the U.S. technology industry and risks infuriating China. The deal deepens the Trump administration’s ties with Taipei at a critica[...]
Goldman’s profit beats on record stock trading, sees robust M&A activity in 2026
Jan 15 (Reuters) – Goldman Sachs’ fourth-quarter profit beat Wall Street expectations on Thursday, driven by a surge in dealmaking and trading, as it expressed optimism for investment banking in the year ahead. A friendlier regulatory environment under U.S. President Donald Trump, lower interest rates and excess cash[...]
Morgan Stanley beats profit estimates on dealmaking windfall
Morgan Stanley beat profit estimates as investment banking revenue jumped 47% on a surge in M&A and debt underwriting.
US weekly jobless claims fall, but labor market is still in a holding pattern
U.S. jobless claims fell last week, but seasonal distortions and weak hiring signal a labor market stuck in neutral.
