In a series of candid remarks, JPMorgan Chase CEO Jamie Dimon has once again issued a stark warning about the U.S. economy’s potential descent into recession. Speaking at various forums, including a notable interview on CNBC, Dimon detailed his concerns, highlighting several economic indicators that suggest turbulent times ahead.

Jamie Dimon Predicts Economic Turbulence: An Analysis of JPMorgan CEO’s Recession Warning

Markets Insider

Bank of America's Michael Hartnett isn't very optimistic about the future of the US economy and stock market.

'Sell the first rate cut': Bank of America's top global strategist warns stocks could be in for trouble as the economy heads toward a hard landing and the Fed gets set to slash rates

Chief US Economist Michael Gapen says markets are overreacting. 3 reasons why — including how Hurricane Beryl skewed the latest economic data.

'Recession risk is low': 3 reasons why the market meltdown is an overreaction, according to Bank of America

Gold prices firmed on Wednesday on mounting bets of U.S. interest rate cuts in September and rising geopolitical tensions in the Middle East, with markets awaiting U.S. economic data for clues on the Federal Reserve's interest rate path. Spot gold rose 0.4% to $2,399.38 per ounce, as of 11:29 a.m....

Gold buoyed by Fed rate-cut hopes, geopolitical concerns

Goldman Sachs analysts have raised their estimated odds for a U.S. recession to 25% from 15%. The investment firm's research analysts said recession risk remains "limited" overall, noting that the Fed has ample room to cut interest rates to support the economy. The July jobs report showed unemployment increasing to...

Goldman Analysts Say Chance of US Recession in 2025 Has Risen to 25%

JPMorgan Chase, Bank of America and Wells Fargo are boosting their financial defenses, preparing for customers to increasingly lose the ability to pay their bills. In their new Q2 2024 reports, the banks say they’re significantly increasing the amount of capital they’re holding to cover potential losses from credit card and loan insolvencies – collectively setting aside billions of dollars in emergency provisions.

JPMorgan Chase, Bank of America and Wells Fargo Quietly Brace for Customers’ Financial Fallout Amid Increasing Economic Uncertainty

Wisconsin State

NewsNation

Lara Trump, the co-chair of the Republican National Committee, said there won't be any problems should the former president lose the election.

Lara Trump: ‘If we lose 2024 election, there will be no problem’

Hendersonville, NC

The US Sun

A FURIOUS Walmart shopper has hit out at the retailer, claiming their checkout process is disorganized and inefficient. The chain's reliance on self-checkout in several stores across the US has been a source of controversy for many. Shoppers have flooded to social media to complain about understaffed stores and long...

‘Just walked out’ fumes Walmart shopper who left cart with $130 of groceries after store had 19 unmanned registers

Warren, MI

Stellantis will indefinitely lay off up to 2,450 U.S. plant workers in Warren, Michigan, later this year as it discontinues production of an older version of its Ram 1500 pickup. The company has not announced a vehicle to replace the truck. The layoffs are expected to start as soon as...

Stellantis laying off 2,450 plant workers due to discontinuation of Ram 'Classic' pickup truck

Florida State

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Jacksonville Today

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

Joe Brusuelas, Chief Economist at RSM, joins 'Fast Money' to talk a big week for consumer data ahead.

Unemployment rate may rise slightly more this year, but won't break the economy: RSM's Joe Brusuelas

Sen. Elizabeth Warren sent a letter to Tesla Chairperson Robyn Denholm on Thursday concerning CEO Elon Musk and possible breaches of his fiduciary duty to the company. Warren wants to know whether the board has ever bothered to investigate Musk's use of Tesla resources to benefit his other companies, including SpaceX and xAI.

Tesla's board faces questions from Elizabeth Warren about Musk's corporate 'entanglements'

Mediaite

Rep. Cori Bush (D-Mo.) attacked the American Israel Public Affairs Committee (AIPAC) in a fiery concession speech on Tuesday in which she blamed the organization’s influence on Democratic politics, vowing to “tear [AIPAC’s] kingdom down.” Bush, a prominent member of the progressive group of congressional lawmakers known as The Squad, lost her bid for reelection […]
The post ‘I’m Coming To Tear Your Kingdom Down!’ Cori Bush Unleashes Stunning Rant Against AIPAC After Her Primary Defeat first appeared on Mediaite.

‘I’m Coming To Tear Your Kingdom Down!’ Cori Bush Unleashes Stunning Rant Against AIPAC After Her Primary Defeat

Chris Pyle spends the entirety of his workdays wearing a white tank top and boxer shorts, sitting in a recliner. It's an unusual setting for a mechanic, but a profitable one. Pyle started answering strangers' questions about their gas and diesel engines on JustAnswer as a side hustle in October 2006.

45-year-old mechanic quit his full-time job for his side hustle—now he makes $14,200 a month: My paycheck is 'very consistent’

Jessica Jackson was afraid of heights when she first started her job as a wind turbine service technician — now, she spends most of her days working 300 feet in the air. Jackson, 37, is a technician at Vestas, a wind turbine manufacturer, in Bee County, Texas, and earns $73,000 per year.

37-year-old mom earns $73,000 in one of the most in-demand jobs in the world—and it doesn't require a degree: 'I love what I do'

Chicago, IL

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Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

The US economy is set to enter a recession by early next year, according to Steve Hanke. The economist pointed to a troubling trend in the money supply in an interview on YouTube this week. He predicted inflation will likely fall below 2% as economic activity slows. The US hasn't...

Why a recession will strike in 2025, according to a veteran economist

The Independent

 Kamala Harris appears to be pulling ahead of Donald Trump in presidential election polling for the first time, with the Democrat taking a three-point lead over the Republican former president in a new survey.A poll for NPR, PBS and Marist published on Wednesday places the Vice President on 51 per cent of the vote overall, compared to Trump’s 48 per cent, and comes after her choice of Minnesota governor Tim Walz as her running mate was met with an overwhelmingly positive response.Harris also leads Trump on abortion by a huge 15 per cent margin, although the latter has a...

Kamala Harris begins to pull away from Donald Trump for first time in latest election polling

The US national debt is closing in on $35 trillion, triggering a warning to investors from analysts at JPMorgan Chase. According to new data from the Treasury, the total outstanding public debt amounts to $34.99 trillion – or $34,997,540,505,103 to be exact – as of July 25th. That’s...

JPMorgan Chase Issues Warning To Investors As US National Debt Hits $34,997,540,505,103

The Motley Fool

Buffett buys good companies when they are temporarily out of favor, like when he bought Bank of America stock. TD Bank offers a similar opportunity.

Warren Buffett Took Profits in Bank of America. TD Bank Looks Like a Good Place for the Cash.

NewsBreak

Jamie Dimon says he still sees a recession on the horizon

CEO Jamie Dimon said Wednesday he still believes that the odds of a \"soft landing\" for the U.S. economy are around 35% to 40%, making recession...

CEO Jamie Dimon said Wednesday he still believes that the odds of a "soft landing" for the U.S. economy are around 35% to 40%, making recession...

Jamie Dimon says he still sees a recession on the horizon

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