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Inside JPMorgan Chase's push to become the startup world’s new Silicon Valley Bank
8+ hour, 49+ min ago (893+ words) Three years ago, JPMorgan Chase executive Doug Petno was at a New York City party celebrating a colleague's retirement when his boss, Jamie Dimon, called Petno over. It was March 9, 2023, and the customers of a West Coast lender known for…...
Markets hopes for Fed interest rate cuts are rapidly fading away
1+ day, 3+ hour ago (575+ words) As both energy prices and inflation fears pop, expectations for Federal Reserve interest rate cuts are sliding. Traders in recent days have abandoned hopes of an early summer easing from the central bank, a change in thinking that coincided with…...
Lobster buffet: China’s tech firms feast on OpenClaw as companies race to deploy AI agents
1+ day, 13+ hour ago (1005+ words) China is rapidly embracing the popular artificial intelligence tool OpenClaw, with major tech companies and even local governments rushing to expand access to the lobster-themed, open-source AI agent in recent weeks." AI agents are digital assistants that can handle tasks…...
Berkshire Hathaway shares drop more than 4% after poor fourth-quarter results, no bold moves by new CEO Abel
1+ week, 4+ day ago (263+ words) Berkshire Hathaway shares fell Monday after the conglomerate reported a sharp decline in fourth-quarter operating earnings, while new CEO Greg Abel offered few signs of an immediate strategic shift in his first communication with shareholders. The results mark an early…...
Supreme Court ruling throws Trump administration's tariff strategy into flux. What it means for global trade, U.S. economy
2+ week, 4+ day ago (734+ words) The Supreme Court struck down U.S. President Donald Trump's tariffs on Friday, but the trade tax turmoil is far from over. Fallout over the ruling is already threatening to further strain global trade relations, and the U.S. economy is likely to suffer,…...
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