JPMorgan Chase chairman and CEO Jamie Dimon says the U.S. is speeding toward a cliff as the nation’s runaway debt continues to mount, sounding the alarm that the situation needs to be tackled before it results in a crisis. The chief executive of the nation’s largest bank issued the warning during a panel discussion at…
A company that just listed shares in the US is making a brazen bet that cocaine will be legalized. Canada-based Safe Supply claims it’s on “the forefront of the third wave of drug policy reform” – and is lobbying for an end to the war on drugs and the legalization of banned substances like LSD…
LONDON — Climate activist Greta Thunberg joined a march in southern England on Saturday to protest the use of private jets and the expansion of an airport. Hundreds of local residents and activists holding banners and placards that read “Ban Private Jets” marched to Farnborough Airport, which mostly serves private aircraft. Some beat drums while…
Las Vegas is gearing up to score a royal flush of sports franchises — by bringing basketball to Sin City. The city best known for gambling is just one NBA team short of a full set of major teams having snared franchises from the NHL, NFL, and by 2028, the MLB. Vegas may create its…
GM’s Cruise self-driving car unit on Thursday revealed Justice Department and Securities and Exchange Commission probes stemming from an October accident in which one of its robotaxis dragged a pedestrian who had been struck by another car. Cruise reported the government investigations in a blog post in which the company also vowed to reform its culture stemming from…
Bud Light is back in the game. The controversial beer brand launched a teaser Thursday for what is promised to be a humorous Super Bowl commercial, marking a return to basics after a months-long boycott that cost it its best-selling beer title. “The Super Bowl is advertising’s biggest moment, and our goal is to once…
Stanley tumblers have become immensely popular in recent months, surging on platforms like Instagram and TikTok, but consumers have begun asking whether they are safe to use. At the center of debates online about Stanley products — insulated steel beverage containers sold in various colors like pink, green, blue, and white — is whether they…
After beating Nikki Haley in New Hampshire on Tuesday, Donald Trump reaffirmed his position as the leading candidate to win the Republican nomination. That has business leaders facing the possibility of another Trump presidency, and their investors trying to figure out what it could mean for their bottom lines. The questions are, perhaps not surprisingly,…
JPMorgan Chase shuffled executives in its investment banking and consumer units on Thursday, giving them more experience running different businesses as Wall Street focuses on the bank’s succession plans for CEO Jamie Dimon. The largest US lender appointed Marianne Lake sole CEO of the consumer division, which was previously run together by Lake and Jennifer Piepszak, according to a filing….
Mercedes-Benz debuted a $1 billion residential luxury tower in Dubai, where apartments are expected to cost as much as $10 million each. Dubbed “Mercedes-Benz Places,” the upscale auto company announced its venture into the real-estate world on Instagram on Thursday, which it’s doing with the help of Emirati developer Binghatti. The 65-story building is expected…
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