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World

priority for the US national securityUS national security prioritizes Ukraine invasion, says JPMorgan Chase CEO Jamie Dimon.

New York CNN  —  The war in Ukraine and US-China relations are two of JPMorgan Chase CEO Jamie Dimon’s largest economic concerns, he said Monday. “The thing I worry the most about is Ukraine,” he told… Read Full Article Here Source link

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Pets

In Japan, pet fish playing Nintendo Switch run up bill on owner’s

CNN  —  Here’s something you don’t see everyday. Pet fish playing a video game in Japan managed to log on to the Nintendo Switch store, change their owner’s avatar, set up a Pay Pal account and rack up a credit card bill. And it was all seemingly livestreamed, in real time, on the internet. The […]

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World

Russia’s war in Ukraine sparked a historic food crisis. It’s not

London CNN  —  Grain is once again leaving Ukrainian ports. The price of fertilizer is falling sharply. Billions of dollars in aid has been mobilized. Yet the world is still in the grips of the worst food crisis in modern history, as Russia’s war in Ukraine shakes global agricultural systems already grappling with the effects […]

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US

Jack Ma to relinquish control of Ant group | CNN Business

CNN  —  Chinese billionaire Jack Ma will no longer control Ant Group after the fintech giant’s shareholders agreed to reshape its shareholding structure, according to a statement released by the company on Saturday. After the adjustment, Ma’s voting rights will fall to 6.2%, according to the statement and CNN calculations. Before the restructure, Ma held […]

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US

Alzheimer’s drug lecanemab receives accelerated approval amid

CNN  —  The US Food and Drug Administration granted accelerated approval Friday for the Alzheimer’s disease drug lecanemab, one of the first experimental dementia drugs to appear to slow the progression of cognitive decline. “Alzheimer’s disease immeasurably incapacitates the lives of those who suffer from it and has devastating effects on their loved ones,” Dr. […]

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US

These three big unknowns will drive markets in 2023 | CNN

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN  —  We’re in the salad days of the New Year — that period where many […]

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US

Chaos in Congress sends an ominous signal to Wall Street | CNN

New York CNN  —  Many on Wall Street cheered last fall when the midterm elections ushered in a return of divided government in Washington. The old mantra is that gridlock is good because it means neither political party can mess things up. But the historic dysfunction playing out in Congress this week is a reminder […]

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US

Sales of Manhattan apartments nosedived at the end of 2022 | CNN

Washington, DC CNN  —  It is almost as if the wild turns in the Manhattan real estate market during the pandemic didn’t happen. Almost. The frenzy to buy apartments in Manhattan took off in 2021 as the city bounced back from the worst of the pandemic. But it nosedived at the end of 2022, with […]

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US

Europe’s recession may not be as bad as feared | CNN Business

London CNN  —  European stocks are pushing higher for the third straight day as investors cheer signs that inflation, supply chain bottlenecks and natural gas prices are all easing Europe’s Stoxx 600 (SXXL) index rose 1% in Wednesday trading, and is now up 3.3% since markets kicked off 2023 trading on Monday. Germany’s DAX (DAX) […]

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US

Get ready for a ‘slowcession’ in 2023, Moody’s says | CNN

New York CNN  —  Many CEOs, investors and consumers are worried about a recession in 2023. But Moody’s Analytics says the more likely scenario is a “slowcession,” where growth grinds to a near halt but a full economic downturn is narrowly avoided. “Under almost any scenario, the economy is set to have a difficult 2023,” […]