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JPMorgan Chase CEO Jamie Dimon recently shared his view on the U.S. economy, stating that he believes the chances of a “soft landing” are minimal, with a recession being the more probable scenario. Despite the economy defying expectations so far, Dimon remains cautious about the future, citing various factors such as geopolitics, housing, deficits, spending,
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Disney’s media business, which has been under scrutiny for its financial performance in recent years, seems to be turning a corner. Despite facing challenges with streaming losses and declining traditional TV revenue, Disney’s combined streaming services, including Disney+, Hulu, and ESPN+, recorded their first-ever quarterly profit of $47 million. This marks a significant improvement from
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Sony’s finance chief, Hiroki Totoki, recently made a statement indicating that the company will not be making a fresh bid for film and TV production group Paramount Global. This decision was based on their current strategy and capital allocation structure, suggesting that acquiring Paramount may not align well with their financial objectives. Totoki’s remarks during
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As the U.S. economy faces challenges from weaker-than-expected economic data, there have been discussions around the necessity of an emergency rate cut by the Federal Reserve. Claudia Sahm, the chief economist at New Century Advisors, believes that despite the concerns, an emergency rate cut may not be needed at this point in time. Sahm argues
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Uber has recently released its second-quarter earnings report, surpassing Wall Street estimates. The company reported earnings per share of 47 cents, compared to the expected 31 cents. Additionally, Uber’s revenue for the quarter reached $10.7 billion, exceeding the projected $10.57 billion. This marks a significant growth of 16% from the previous year’s revenue of $9.23
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