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JPMorgan Chase CEO Jamie Dimon warns interest rates could stay high

Wall Street may be ready to declare victory over sky-high inflation, but Jamie Dimon thinks the fight is far from over. The head of JPMorgan Chase & Co. says investors will have to endure an extended period of high interest rates as price pressures are exacerbated by rising costs, rising defense spending, a ballooning budget […]

Trump asks NY high court to intervene in gag order fight

Former President Trump asked the New York State Supreme Court to intervene in his ongoing fight to overturn the gag order in his hush money criminal trial, a day after an intermediate appellate court upheld the gag order. Trump’s lawyers filed a notice of appeal Wednesday, but it remained sealed in the court docket as […]

NYC high school employee busted for inappropriate contact with girl, 17: sources

A crooked custodian at a public high school in Queens was arrested Wednesday for having inappropriate contact with a 17-year-old student, police and law enforcement officials announced. A John Adams High School employee, whose name is being withheld pending charges, allegedly rubbed the inside of a female student’s thigh on Monday, officials said. And on […]

Struggling restaurants announce deals to lure in customers as inflation remains high

As rising inflation continues to affect businesses across the country, several restaurant chains have announced value deals to get cash-strapped customers to return. This week, Red Lobster announced it was shuttering over 50 locations. It comes as the Bureau of Economic Analysis reported on Tuesday that inflation went up 2.2% for the year ending in […]

Assaults on law enforcement reached 10-year high in 2023: FBI

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Fed’s Powell says confidence that inflation will slow is ‘not as high’ as before

Darrell Cronk, chief investment officer of Wells Fargo’s Wealth and Investment Management division, said April’s labor report was exactly what the Fed wanted to see in “making money.” Chairman of the Federal Reserve System Jerome Powell He reiterated Tuesday that the central bank will be patient and wait for evidence of slowing inflation before cutting […]