Jamie Dimon says rates will rise above 5% because there is still ‘a lot of underlying inflation’
Jamie Dimon believes that interest rates could go higher than what the Federal Reserve currently projects as inflation remains stubbornly elevated.
The UK is fiscally unstable, says North Sea oil CEO
The U.K. is fiscally unstable and its government is indulging in “short-termism” by slapping oil majors with windfall taxes, according to Amjad Bseisu, CEO of EnQuest.
Greta Thunberg says Davos elite are prioritizing greed and short-term profits over people and the planet
Thunberg said it was “absurd” that the world seems to be listening to Davos delegates rather than those on the frontlines of the climate emergency.
Ad mogul sees Meta rebounding ‘extremely strongly,’ Amazon ad revenue hitting $100 billion
Advertising titan Martin Sorrell believes Meta will rebound “extremely strongly this year” and sees a promising outlook for U.S. tech giants, despite a bruising 2022 and mass layoffs.
Davos crypto crowd distance themselves from FTX and Sam Bankman-Fried: “It’s fraud”
Executives at Davos said the FTX collapse was not a crypto problem but alleged “fraud” by Sam Bankman-Fried.
‘Discriminatory’ measures in U.S. Inflation Reduction Act still need addressing, top EU minister says
Valdis Dombrovskis said the EU and U.S. should be “building transatlantic value chains” for the green transition, “not breaking them apart.”
Top pharma CEO says Covid likely to become endemic, urges investment in pandemic preparedness
Novartis CEO Vas Narasimhan made clear that world leaders must learn from the coronavirus crisis to be in a better place for future pandemics.
European Central Bank member says market is mispricing rate hikes, expects more to come
The European Central Bank will not stop with one single 50 basis point hike at its next rate-setting meetings, a board member told CNBC Thursday.
Vietnam’s market risks missing a 2025 deadline for an upgrade to emerging economy status
Vietnam’s prefunding requirement and strict limits on foreign ownership of shares are main hurdles to an emerging market status upgrade, say FTSE and MSCI.
China’s recovery may mean the Fed will have to hike rates longer
China’s speedier economic recovery could mean bad news for the U.S. Federal Reserve.
