You might have heard that the U. S. stock market is going through a bull run, with amazing gains over the past few years. But hold on, says Jamie Dimon, the CEO of JPMorgan Chase, the biggest American bank. He's got his eye on some serious risks that could pop this market bubble. Dimon thinks the p
Kingston faces many challenges, from housing to healthcare. But a new problem has emerged: food insecurity. The city declared an emergency, raising questions about what needs to be done. While awareness is great, the real solution might lie in boosting the economy. This isn't just about helping thos
It's official: North Carolina homeowners will see their insurance premiums go up by about 15% by mid-2026. This is all part of a deal the state's Insurance Department made with insurance companies. Commissioner Mike Causey led the charge, standing firm against the industry's initial request for a wh
Glencore, a big name in mining, saw its shares rise by about 2% early in the London trading day. The most significant stock market index in Europe, the Stoxx 600, was up by 0. 3% shortly after opening. Most sectors and all major stock exchanges were showing gains. Mining stocks led the way, up over
Lately, inflation has been tough to handle. Last month, prices went up by 2. 9% compared to the same time last year, according to the Labor Department. This shows that the Federal Reserve is still fighting against quick price increases. Last year, the Fed started lowering interest rates to levels no
In a surprising turn, the UK's inflation rate dropped to 2. 5% in December 2024, catching economists off guard. The consumer price index (CPI) had previously been at 2. 6% in November. Core inflation, which doesn't include the ups and downs of food and energy prices, also dipped to 3. 2%, down from
Bitcoin has made a comeback, nearing the $100, 000 mark. This jump happened after recent inflation reports showed a slowdown, and the stock market started to rebound. On Wednesday, the top cryptocurrency was trading at $99, 442, which is a 3. 5% increase from previous days. Two days ago, Bitcoin hi
On Wednesday, all eyes are on the Bureau of Labor Statistics' inflation report. JPMorgan has weighed in on how the stock market might respond. The report, due at 8:30 a. m. ET, is expected to show monthly gains of 0. 3% for both headline and core consumer price index (CPI), with annual inflation rat
You might be surprised to learn that wholesale prices didn't jump as high as expected in December. This is good news for those worried about inflation. The Producer Price Index, which tracks changes in what producers pay, only went up by 0. 2% month-to-month and 3. 3% over the year. However, expert
Treasury Secretary Janet Yellen recently shared her views on the ongoing inflation issue, suggesting that the stimulus packages implemented during the COVID-19 pandemic might have played a small role. However, she emphasized that the primary cause of rising prices was the pandemic itself, which led
