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JPMorgan CEO Jamie Dimon strongly supports an independent Federal Reserve. Dimon called the Fed’s independence “absolutely critical.” This statement comes as President Trump publicly pressures the central bank to cut interest rates. Dimon warned against political interference with the Fed. He noted that “playing around with the Fed” often leads to bad results. The White…
Berkshire Hathaway announced its third-quarter results on 1 November 2025. Net income rose to $30.8 billion, up about 17% from the same quarter last year. Operating profit—reflecting the performance of wholly-owned businesses such as insurance and railroads—jumped around 34% year-on-year to $13.5 billion. This rise was powered by strong gains in insurance underwriting. Meanwhile, the…
The US government is facing growing questions over its risky financial support for Argentina, even as Washington defends its decision to help a key political ally. US Treasury Secretary Scott Bessent, trusted with selling President Donald Trump’s bold economic policies, played a central role in backing Argentina during a sharp fall in its currency, the…
The Federal Reserve (the Fed), which oversees the US banking system, has proposed significant changes to its annual bank stress tests. Stress tests are critical yearly exercises where the Fed checks to see if major banks can survive a severe economic downturn, like a deep recession or a financial crisis. Why the Fed is Changing…
The CNBC Daily Open is focusing on the details of the new four-year economic strategy being implemented by the current US administration. This plan comes with a “Trump twist,” indicating a clear continuation of policies centered on economic nationalism, aggressive trade measures, and deregulation. The core of the strategy includes significant adjustments to US trade…
Inside Chris Zephro’s warehouse, latex masks, “Saw” props, and zombie board games line the shelves, reflecting his lifelong passion for horror. But this Halloween season, the real fright isn’t gory props — it’s the financial bleeding caused by U.S. tariffs on Chinese imports. Zephro’s company, Trick or Treat Studios, supplies more than 10,000 retailers worldwide,…
