J.P. Morgan Chase CEO Jamie Dimon raised concerns Friday that rising interest rates and geopolitical flareups could derail U.S. economic growth. “The economy is still very strong, and that’s across wages, job creation, capital expenditure, consumer credit; it’s pretty broad-based and it’s not going to be diminished immediately,” Dimon said in a media…
Dow futures imply a more than 400-point surge at Friday’s open as stocks try to rebound from rout
U.S. stock futures traded higher on Thursday night, pointing to a rebound for Wall Street after back-to-back sell-offs. As of 1:17 a.m. ET, Dow Jones Industrial Average futures rose 279 points, indicating a gain of 406.17 points at Friday’s open. S&P 500 and Nasdaq 100 futures also pointed to solid…
Cramer admits he’s getting ‘a little cautious’ about the Fed’s effect on the economy
“Sometimes we need to do a little reassessment,” the “Mad Money”host admitted on Tuesday. “I’m starting to get a tad concerned about the health of more and more industries here. The universe of potential winners does feel, at least to me, [like] it’s getting smaller.” And while he insisted that this…
Following the money: where China’s $40bn investment in Australia is going
New data out on Chinese investment in Australia has revealed that while the mining industry is the dominant destination of funds, investment in real estate and transport infrastructure also accounts for a large proportion of Chinese activity. And while most of the investment projects are by privately owned companies, the…
Italy should implement reforms and austerity policies, candidate to top EU job says
Italy’s coalition government should look to implement structural reforms and austerity policies now that the country’s economy is growing, according to a European Commission presidential candidate. Alexander Stubb, the Europhile former prime minister of Finland who has experience co-governing with populist parties, was clear about what path to take when…
Unilever withdraws proposal to move to Netherlands
Unilever on Friday said its board had withdrawn its proposal to move to the Netherlands, after a growing tide of opposition by U.K.shareholders. The company decided to collapse its Anglo-Dutch structure following a deep business review sparked by last year’s failed $143 billion takeover approach by Kraft-Heinz. The aim was to make it…
