Jamie Dimon: Businesses must work to solve inequality

New York (CNN Business)JPMorgan Chase CEO Jamie Dimon is bullish about the economy, but he remains concerned about the growing wealth gap, particularly for Black people, in the United States. “The American dream is fraying and income inequality is like the fault line,” Dimon said in an interview with David Axelrod, the founder and director of the University of Chicago […]

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Bank of America profit more than doubles on reserve release boost

Which bank stocks should you own ahead of earnings season? Key Advisors Group CEO Eddie Ghabour on earnings season, the Coinbase IPO and investing in today’s markets.  Bank of America Corp reported a jump in first-quarter profit that breezed past estimates on Thursday as it released reserves it had set aside to cover potential coronavirus loan losses. The bank released […]

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European markets edge higher with earnings, data and vaccines on the radar

French luxury goods group LVMH posted a sharp rebound in first-quarter earnings after the bell on Tuesday, bolstered by Chinese and American demand for Louis Vuitton handbags and Dior products. German software giant SAP slightly raised its 2021 revenue outlook on Tuesday after first-quarter earnings showed robust progress in cloud sales. U.S. health authorities on Tuesday recommended pausing distribution of […]

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Ford, GM among Michigan companies opposing Republican-backed voting limits

Fox Business Flash top headlines for April 13 Check out what’s clicking on FoxBusiness.com. The top executives of more than three dozen Michigan-based companies, including General Motors Co and Ford Motor Co, on Tuesday issued a joint statement opposing Republican-backed legislation to restrict voting. The move appeared to be pre-emptive, after Georgia companies such as Coca-Cola Co and Delta Air […]

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Uber rival to end year with $3 billion in its war chest

Hong Kong (CNN Business)Southeast Asia’s ride-hailing giant Grab is setting the stage for an eye-popping Wall Street debut. The Singapore-based startup announced Tuesday that it would merge with a special purpose acquisition company (SPAC) backed by Altimeter Capital in a deal that would pave the way for a New York listing and value Grab at about $39.6 billion. That’s more […]

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