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Big US banks say consumers are still strong, despite economy fears – Yahoo! Voices

Written by Michelle Price and Nupur Anand NEW YORK (Reuters) – U.S. consumers remained resilient with strong spending in the third quarter, two of the country's largest financial institutions said on Friday. However, there are signs that some Americans are unable to bear the loss of income due to rising inflation. JPMorgan Chase and Wells […]

Big US banks say consumers are still strong, despite economy fears – Yahoo Finance

Written by Michelle Price and Nupur Anand NEW YORK (Reuters) – U.S. consumers remained resilient with strong spending in the third quarter, two of the country's largest financial institutions said on Friday. However, there are signs that some Americans are unable to bear the loss of income due to rising inflation. JPMorgan Chase and Wells […]

JPMorgan’s Jamie Dimon warns of ‘critical issues’ that could affect US economy

JPMorgan Chase CEO Jamie Dimon talks about the Federal Reserve's interest rate trajectory, the 2024 economy, looming banking regulation, and artificial intelligence. JPMorgan Chase & Co. CEO Jamie Dimon on Friday warned investors about the current risks to the global economy, noting in particular the “significant challenges” facing the United States. “We have been closely […]

Trump’s Economy Was Good Because of Obama, Then COVID Happened

On Thursday's broadcast of MSNBC's “Alex Wagner Tonight,” Adrian Elrod, a senior adviser and press secretary for the Harris-Waltz campaign, said, “The economy was initially a big deal for President Trump because of President Barack Obama's economy. It was good,” he said. But at the end of President Trump's term, “When the pandemic hit, President […]

Politico says Harris is running on a ‘dream economy’ but voters aren’t noticing

A Thursday article in Politico questioned why Vice President Kamala Harris' approval ratings aren't increasing due to the current “dream economy.” The headline reads: “Harris enters election riding on a dream economy. Voters may realize too late.'' politiko Economics correspondent Victoria Guida wrote that current figures on inflation, unemployment and GDP show “solid economic conditions” […]