J.P. Morgan Chase CEO Jamie Dimon is not bullish on the future of Facebook's libra cryptocurrency."It was a neat idea that'll never happen," Dimon said Friday at a conference in Washington, D.C.Dimon's comments come as a raft of corporate partners have dropped out of the libra crypto project....
Dow Jones Industrial Average falls 255 pointsBoeing, JNJ and Netflix zap market's earnings enthusiasmSharp declines in Boeing and Johnson and Johnson were a drag on the Dow. Boeing fell 6.79% after the Federal Aviation Administration said the aerospace giant withheld "concerning" pilot messages about the 737 Max's safety....
After twenty-four days on the road, I'm back home in Portland. It feels good. In mid-August, Kim and I flew to Italy. For the first week, we visited Florence and Rome on our own. We rode trains, drank wine, toured museums, ate gelato, and explored ancient Roman ruins. We...
Pigs raised by farmers are seen at Linquan county on December 5, 2018 in Fuyang, Anhui Province of China.Visual China Group | Getty ImagesBEIJING — China needs more pork imports than ever as the country grapples with an outbreak of a swine disease — and that could become...
Note: I've added a short addendum to this piece in an attempt to clarify some things. This may or may not have helped. Earlier this week at The Washington Post, Helaine Olen wrote that the world of personal finance needs more politics. Olen specifically calls out FinCon, the financial media...
Chris Britt, CEO, ChimeSource: ChimeChime, the leading branchless bank in the U.S., is in the midst of a service outage that has left millions of customers without access to their accounts.Issues cropped up Wednesday, leaving users stranded at restaurants, parking garages and gas stations, unable to use their...
Could you pay your mortgage, groceries, rent, insurance, medical expenses, and other bills on $2000/month? If you could, what kind of lifestyle might you lead? Millions of retirees across America live it every day. The Social Security Administration reports that 50% of elderly married beneficiaries and 70% of singles rely...
A slew of Wall Street's top hedge fund managers shared their best ideas on Wednesday at the annual Sohn San Francisco Investment Conference.The conference is best known for hedge fund managers making market-moving presentations. The Sohn conference held in San Francisco is the West Coast version of the...
Co-founder and CEO of Netflix Reed HastingsAlbert Llop | Anadolu Agency | Getty ImagesThe best way to defeat an enemy is to make him your friend.Netflix said today in its third-quarter earnings letter to shareholders that it welcomes upcoming competition from Apple, Disney, Comcast's NBC Universal, AT&T's WarnerMedia...
Pro-democracy protesters set barricade on fire at a demonstration in Causeway Bay district on October 6, 2019 in Hong Kong, China.Anthony Kwan | Getty Images News | Getty ImagesBEIJING — China will take countermeasures against the U.S. in response to a bill that favors the Hong Kong protesters,...