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Jamie Dimon calls Zohran Mamdani’s movement ‘more Marxist than socialist,’ but he’s offering his help: ‘Get involved and grow up’

Jamie Dimon, CEO of JPMorgan Chase, long considered Wall Street’s most Democrat-friendly executive, has broken with the party this year, calling them “idiots” with “little brains” in July. He added some fierce criticism of New York City’s leading mayoral candidate, the Democratic Socialist assemblyman Zohran Mamdani, from Queens, calling him “more a Marxist than a … Read more

Global selloff underway as traders sour on U.S. government shutdown and doubts about Fed rate cut schedule grow

Stocks sold off in Asia this morning and Europe ticked down as well. U.S. futures were marginally down before the bell following yesterday’s 0.28% decline in the S&P 500. Analysts pointed to the U.S. government shutdown, where a resolution is nowhere in sight. And some no longer see two more rate cuts from the Fed … Read more

Adobe predicts AI-assisted online shopping to grow 520% during the 2025 US holiday season

The U.S. holiday shopping season is expected to bring in $253.4 billion in online sales this year, up 5.3% year-over-year, according to a new report from Adobe’s e-commerce connected division, Adobe Analytics. Adobe Analytics develops its predictions by analyzing over 1 trillion visits to U.S. retail sites, encompassing 100 million SKUs across 18 product categories. … Read more

Trump says the U.S. can grow its way out of $37 trillion in debt. Ray Dalio’s debt-cycle research says not so fast

President Donald Trump’s assertion that U.S. growth can tame debt echoes what Ray Dalio has called the most dangerous phase of a debt cycle: when leaders mistake prosperity for immunity. In an interview with One America News on Thursday, Trump pointed to his “Big, Beautiful Bill” that locks in and expands tax cuts from his … Read more

Former Tesla exec claims EV industry will grow, not shrink, after death of $7,500 tax credit: ‘The market’s established’

The U.S. electric vehicle market is established and ready to grow without federal subsidies, according to Jon McNeill, a former Tesla president of global sales and service and current GM board member. Speaking to CNBC on Thursday, McNeill expressed confidence that despite the recent expiration of a key EV tax credit, the industry will continue … Read more

NFL news: Giants fans grow frustrated with Russell Wilson

NEWYou can now listen to Fox News articles! “We want Dart” chants filled MetLife Stadium on Sunday night as New York Giants fans grew frustrated with Russell Wilson’s play against the Kansas City Chiefs. The first notion of fans loudly expressing their desire to see Jaxson Dart play came toward the end of the second … Read more

Larry Ellison loses $34 billion days after topping world’s richest list as ‘AI bubble’ fears grow

That meant a sizable gain for Ellison’s net worth, which is heavily tied to the company. The 81-year-old entrepreneur co-founder, who currently owns more than 40% of Oracle, subsequently enjoyed a $101 billion surge in wealth overnight, to $393 billion—placing him ahead of Musk’s $385 billion fortune. He joined the likes of Amazon executive chairman … Read more

Nvidia CEO Jensen Huang sent research reports on Sundays to SoundHound’s CEO for feedback—an unusual ritual that helped grow the $5 billion AI firm

One random encounter can change the course of an entire business career—and for SoundHound AI cofounder Keyvan Mohajer, that came when he met Nvidia CEO Jensen Huang around 10 years ago. “It’s been one of the good things in my life to cross paths with Jensen and Nvidia,” Mohajer told Fortune, recalling that the two … Read more

CPG startup Keychain snags $30M to build in India, grow in the U.S.

Keychain, a U.S. startup that helps consumer brands find manufacturing partners, has raised $30 million in fresh funding as it looks to scale its India-based development team to drive growth in North America. While headquartered in New York, Keychain operates as a distributed company with its core engineering and product development centered in India. The … Read more

Solana RWAs grow reach $390M, up 124% YTD: Messari report

A quarterly report by Messari shows a significant rise in RWAs on Solana, as BlackRock, Apollo expand funds. Summary RWAs on Solana rise 124% YTD, to $390 million Solana’s DeFi TVL rose to $8.6 billion, rising 30% QoQ Staking and liquid staking are on the rise, with 12% liquid staking penetration Solana’s (SOL) ecosystem continues … Read more

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