JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said growing competitive pressures across finance are beginning to resemble conditions that preceded the 2008 financial crisis, raising concerns about risk-taking in lending markets.Speaking to investors during a company update, Dimon said some lenders appear to be loosening standards in pursuit…
President Donald Trump delivers his first State of the Union address of his second term on Tuesday night with Washington still digesting a major reset in trade policy and a jumpier global backdrop.Days after the Supreme Court struck down most of his sweeping emergency tariffs, Trump is expected to use…
US President Donald Trump defended his economic record during a lengthy address to Congress on Tuesday, saying he brought a “golden age,” describing the current period as a strong national performance while confronting declining approval ratings, policy disputes, and geopolitical uncertainty.The speech, lasting one hour and 47 minutes, became the…
The UK Housing market has seen an uptick as homes being put up for sale, are increasing as borrowing conditions improve and confidence steadies.Data from property website Zoopla shows February is on track to record the highest number of newly listed homes for any February in the past decade.The figures…
Senior US military leaders, including Defense Secretary Pete Hegseth, met executives from artificial intelligence firm Anthropic on Tuesday as a simmering dispute over military use of AI entered a critical phase.At issue is how far the US government should be allowed to go in deploying Anthropic’s powerful large language model,…
European business tensions are intensifying as corporate setbacks and policy shifts collide.Tesla’s European sales slide has stretched into a 13-month decline, even as EV demand holds up for rivals.The UK is moving to regulate streaming platforms like traditional broadcasters, marking a major shift in media oversight.In Berlin, Chancellor Friedrich Merz…
Markets are navigating a fresh wave of policy and corporate crosscurrents.Investors largely shrugged off President Donald Trump’s latest tariff move, with equities holding steady despite renewed trade uncertainty.In tech, Meta deepened its AI infrastructure push through a multiyear chip deal with AMD, underscoring intensifying competition for compute capacity.Meanwhile, Novo Nordisk…
Spirit Airlines has reached an agreement with its lenders that would allow the carrier to emerge from bankruptcy by early summer as a smaller, leaner airline, marking its second attempt in less than a year to stabilise its finances.The discount airline told a US bankruptcy judge on Tuesday that the…
President Donald Trump delivers his first State of the Union address of his second term on Tuesday night with Washington still digesting a major reset in trade policy and a jumpier global backdrop.Days after the Supreme Court struck down most of his sweeping emergency tariffs, Trump is expected to use…
The USD/JPY exchange rate continued rising this week, reaching its highest level since February 10 after Sanae Takaichi nominated two dovish central bank officials. It rose to a high 156, much higher than the year-to-date low of 152.28.Sanae Takaichi nominates dovish Bank of Japan officialsThe Japanese yen has retreated in…