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Category: Lifestyle

JPMorgan Chase CEO Jamie Dimon Warns of Economic Pain From Trump’s Tariffs

JPMorgan Chase CEO Jamie Dimon Warns of Economic Pain From Trump’s Tariffs

President Trump’s wave of tariffs threatens to bring both short-term economic pain, including lower growth, and long-term damage to America’s standing and trade relationships around the world, the chief executive of Wall Street’s biggest bank warned on Monday. “The recent tariffs will likely increase inflation and are causing many to consider a greater probability of […]
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‘The Tsunami Is Coming’: China’s Global Exports Are Just Getting Started

‘The Tsunami Is Coming’: China’s Global Exports Are Just Getting Started

For decades, the world’s largest car factory was Volkswagen’s complex in Wolfsburg, Germany. But BYD, the Chinese electric carmaker, is building two factories in China, each capable of producing twice as many cars as Wolfsburg. Recent data from China’s central bank shows that state-controlled banks lent an extra $1.9 trillion to industrial borrowers over the […]
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