Business

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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Yum Brands’ recent quarter report highlighted a variety of challenges that the company is facing, particularly with declining same-store sales at both Pizza Hut and KFC. CEO David Gibbs pointed out that factors such as the impact of the Middle East conflict and a more cost-conscious consumer have created headwinds for sales. This situation poses
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The 2024 Summer Olympics in Paris saw a significant boost in viewership, with a five-day total audience delivery average of 34 million viewers, representing a substantial 79% increase from the previous 2021 Tokyo Olympics. One of the key factors contributing to this surge in viewership was the presence of Snoop Dogg, the iconic hip-hop artist
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In a surprising move, Morgan Stanley has announced that it will allow its financial advisors to offer bitcoin ETFs to certain clients. This decision sets them apart from other major Wall Street banks and highlights a shift towards mainstream acceptance of cryptocurrency in the financial world. Morgan Stanley’s 15,000 financial advisors will now be permitted
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