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JPMorgan CEO Jamie Dimon expresses skepticism about DEI initiatives, while rivals like Goldman Sachs adjust policies amid conservative pressure.
Published on: February 15, 2025, 03:00 PM UTC
Ukraine's defense industries could drive its postwar economic recovery, said its former foreign minister. Utilizing military tech in the private sector could help Ukraine overcome challenges and become a defense powerhouse in Europe.
Published on: February 15, 2025, 02:00 PM UTC
Airbnb's stock jumped over 14% after CEO Brian Chesky revealed plans to expand the app beyond vacation rentals into a one-stop shop for travel and living needs.
Published on: February 15, 2025, 02:00 PM UTC
Government-backed home loans are increasingly falling behind on payments, potentially signaling financial struggles for lower-income Americans. Delinquency rates on FHA and VA loans have surpassed pre-pandemic levels, highlighting the economic pressures faced by these borrowers amidst high home prices, inflation, and rising interest rates. Despite gradual increases in conventional mortgage delinquencies, they remain below pre-pandemic lows. Experts anticipate a potential rise in delinquencies outside the FHA sector, reflecting the vulnerability of lower-income households. Higher-income consumers are also facing the impact of inflation, with growing delinquencies observed in this group. However, current delinquency rates remain lower than during the 2008 financial crisis and the pandemic lockdowns, suggesting a stronger overall financial position among homeowners.
Published on: February 15, 2025, 02:00 PM UTC
Rachel Reeves, the Shadow Chancellor, wants businesses to invest more in their workforce. However, she has also just imposed a £25bn tax raid that could lead to job losses and reduce investment. Some speculate that the tax raid is part of a plan to push companies to invest in technology and training, rather than rely on low-cost, low-skilled workers. However, there are concerns that this could disproportionately impact sectors like hospitality, which rely heavily on service and people.
Published on: February 15, 2025, 01:00 PM UTC
World-renowned DJ Tiesto's former tax attorney, Frank Butselaar, has been sentenced to 30 months in prison for tax fraud. Prosecutors allege Butselaar hid $100 million in income for his wealthy clients, including Tiesto and fellow DJ Afrojack, through offshore tax shelters. Tiesto and Afrojack have reportedly resolved their differences with the IRS but may have to pay back the $19 million in taxes that Butselaar allegedly saved them.
Published on: February 15, 2025, 01:00 PM UTC
Compare money market account rates to earn the most interest on your savings. Find the highest MMA rates from national and local banks today. Includes current rates, pros and cons, and FAQs.
Published on: February 15, 2025, 12:00 PM UTC
Reddit's logged-in users have declined while logged-out users increase, leading to a drop in stock price
Published on: February 15, 2025, 12:00 PM UTC
Twitter cofounder Jack Dorsey says users are "running away from X" to join BlueSky, despite BlueSky's algorithm-store feature allowing users to choose their own algorithms.
Published on: February 15, 2025, 11:00 AM UTC
Fabio Panetta, ECB Governing Council member, suggests that further interest rate cuts are unnecessary as inflation nears the 2% target and risks are to the downside.
Published on: February 15, 2025, 11:00 AM UTC