Article content (Bloomberg) — JPMorgan Chase & Co.’s Jamie Dimon said that tariffs, if properly used, can help resolve issues such as unfair competition and national security. Article content “Like any tool, if it’s misused it can do damage too,” the chief executive officer of the largest US bank said in an interview on CBS […]
Breadcrumb Trail Links PMN Business Underlying US inflation probably cooled only a touch at the close of 2024 against a backdrop of a resilient job market and steadfast economy, supporting the Federal Reserve’s go-slow approach to further rate cuts. Author of the article: Bloomberg News Vince Golle and Craig Stirling Published Jan 11, 2025 • […]
Article content (Bloomberg) — Enbridge Inc. is devising plans to rapidly boost capacity on its US oil pipeline system if the incoming Trump administration succeeds in kicking off a drilling boom. Article content The company sees an opportunity to move “several hundred thousand” more barrels of oil a day within the US in the next […]
Breadcrumb Trail Links PMN Business German Chancellor Olaf Scholz amped up on criticism of US President-elect Donald Trump over the integrity of borders during an animated speech meant to motivate Social Democrats ahead of a federal election next month. Author of the article: Bloomberg News Michael Nienaber and Arne Delfs Published Jan 11, 2025 • […]
Breadcrumb Trail Links PMN Business Texas refineries are bracing for an onslaught of cold, snow and freezing rain as the US South’s first major winter storm sweeps in during what’s projected to be a frigid month. Author of the article: Bloomberg News Barbara Powell and Nathan Risser Published Jan 09, 2025 • 2 minute read […]
Breadcrumb Trail Links PMN Business President Joe Biden said he was increasing federal assistance to California as the state deals with raging wildfires that have ravaged communities and that he had urged Governor Gavin Newsom to spare no expense in combating the deadly flames. Author of the article: Bloomberg News Josh Wingrove Published Jan 09, […]
Breadcrumb Trail Links PMN Business Japanese workers’ base salaries grew the most in 32 years, offering signs that a positive economic cycle is emerging, keeping the central bank on track for near-term additional rate hikes. Author of the article: Bloomberg News Erica Yokoyama Published Jan 08, 2025 • 2 minute read plvym993u]ty4cjqc824dw8w_media_dl_1.png Labor ministry Article […]
Breadcrumb Trail Links PMN Business Asian stocks were poised for a mixed open after Wall Street traders refrained from making big bets, with US equity markets set to close ahead of Friday’s jobs report. Author of the article: Bloomberg News Stephen Kirkland Published Jan 08, 2025 • Last updated 19 minutes ago • 5 minute read […]
Article content (Bloomberg) — More Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on profits at power suppliers. Article content The richest coastal provinces have reduced their benchmark thermal power prices by about 10% from last year, according to a briefing by UBS Group […]
Article content (Bloomberg) — Honda Motor Co. revealed two electric vehicle prototypes heralding a wave of new battery-powered models it plans to release in the years ahead, though the carmaker may dial back the pace of its EV investments if demand continues to lose steam. Article content The two models — a sedan and and […]