JPMorgan Chase CEO Jamie Dimon said Wednesday that the looming tariffs that President Donald Trump is expected to slap on U.S. trading partners could be viewed positively.Despite fears that the duties could spark a global trade war and reignite inflation domestically, the head of the largest U.S. bank by assets...
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A record number of consumers are making minimum credit cards payments as delinquencies also rise
In this photo illustration the Visa, Mastercard and American Express logo on various credit cards and debit cards are seen beside US one dollar bills on January 4, 2025 in Somerset, England. Anna Barclay | Getty ImagesConsumer stress has intensified, with an escalating share of credit card holders making only minimum...
Home insurance costs soaring as climate-related events surge, Treasury Department says
A firefighter douses flames during the Eaton fire in Pasadena, California on January 08, 2025. Josh Edelson | Afp | Getty ImagesClimate-related natural disasters are driving up insurance costs for homeowners in the most-affected regions, according to a Treasury Department report released Thursday.In a voluminous study covering 2018-22 and including some...
Shares of Cartier owner Richemont jump 16% as sales rise in December quarter
Shoppers pass a Cartier luxury store, operated by Cie. Financiere Richemont SA, in the Galeries Lafayette SA luxury department store in Paris, France.Bloomberg | Bloomberg | Getty ImagesShares of Cartier owner Richemont jumped on Thursday after the luxury group reported a 10% increase in fiscal third-quarter sales even as China...
SpaceX’s Starship rocket breaks up after launch, flights divert after FAA debris warning
SpaceX's mega rocket Starship launches for a test flight from Starbase in Boca Chica, Texas, Thursday, Jan. 16, 2025.Eric Gay | APSpaceX launched the seventh test flight of its Starship rocket on Thursday, but lost communication with the upper stage of the rocket that continues on into space.The company's webcast showed data stopped...