Finance

Jamie Dimon is skeptical about a soft landing after rate cut

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said he remains skeptical about a soft landing in the US following the Federal Reserve’s first

Finance

Nuclear Commission greenlights a nuclear reactor on a college campus

Abilene Christian University is going nuclear. The small college in Texas has received the green light by the Nuclear Regulatory Commission (NRC) to build the

Finance

Rich Americans are taking over this part of Portugal

The Algarve, the sunny southern coast of Portugal, is more popular than ever with visitors, and the region’s housing market is booming as a result. Real estate agency Savills

Finance

Nvidia stock won’t suffer from DOJ probe, Bank of America

It’s too early to say whether rumors of a Department of Justice (DOJ) probe into Nvidia will stop its runaway stock, according to Bank of

Finance

It’s getting easier to find a starter home but harder to afford one

There are more starter homes ready for people to buy, but they are not getting any cheaper. Still, there’s some increased interest among buyers. Pending

Finance

Mike Lynch yacht sinking: Witness blames ‘extreme mast’

An eye witness to the sinking of British tech entrepreneur Mike Lynch‘s yacht on Monday attributed the tragedy to the extremely tall mast, which made the

Finance

Forget the 30-year mortgage: The 40-year mortgage needs to become the new American standard, CEO says

It’s no secret that people can’t afford to buy homes in this post-pandemic era. Home prices skyrocketed during the pandemic, mortgage rates soared after, and

Finance

Debt strategy seen as unsustainable is getting more popular

A three letter acronym is increasingly cropping up in corporate filings and it’s fueling concern among ratings companies and fund managers. Mentions of PIK in

Finance

Why rich people are suddenly flocking to Walmart

Pinching pennies isn’t just for cash-strapped shoppers. More affluent consumers are looking to save money, and they’ve been a key demographic in propelling the continued

Finance

As Ripple’s stablecoin edges closer to debut, making its mark won’t be easy

On Friday, Ripple began testing its stablecoin on the company’s own blockchain, XRP Ledger, and Ethereum. The crypto firm first announced its plans to launch