JPMorgan Chase CEO and chairman Jamie Dimon has sparked controversy with comments about the bank’s diversity, equity, and inclusion (DEI) programs. In a recent town hall discussion in Ohio, Dimon reportedly expressed frustration with the bank’s spending on some of these initiatives. Dimon stated that he was never a firm believer in bias training and … Read more
Taiwan has pledged to boost US investment and strengthen economic ties with the US following President Donald Trump’s threat to impose tariffs on the island nation. The move aims to mitigate potential economic losses and reduce reliance on China, a major trading partner for Taiwan. Source: https://www.ft.com/content/bdb5381f-786e-404b-9b24-8735bdc95265
The daughters of Target’s late co-founder Bruce Dayton have expressed alarm over the company’s recent pullback on diversity, equity and inclusion (DEI) efforts. In letters to The Financial Times and Los Angeles Times, Anne and Lucy Dayton criticized the business community for giving in to what they see as retaliatory threats from the White House. … Read more
Carmelo Anthony, Dwight Howard, and a team they were part of – the gold medal-winning 2008 US Olympic men’s basketball team – are among the finalists for this year’s Naismith Basketball Hall of Fame class. Other notable nominees include women’s basketball legends Sue Bird, Maya Moore, and Sylvia Fowles. Anthony, a 10-time NBA All-Star, is … Read more
The Democratic Republic of Congo’s second-largest city, Bukavu, has been entered by rebels from the M23 group. The rebel leader, Corneille Nangaa, stated that the group had advanced into the city and would continue their push on Saturday. Despite international calls for a ceasefire and peace talks, the M23’s progress raises concerns about the region’s … Read more
A 23-year-old man and his father were packrafting through the Strait of Magellan in Patagonia, Chile, when a humpback whale suddenly lunged from the waves below. The kayaker was briefly “swallowed” by the whale’s mouth before being spat out, leaving him shaken but unharmed. The incident occurred near the San Isidro Lighthouse and Bahía El … Read more
Blue Origin, Jeff Bezos’ rocket company, has cut 10% of its workforce just a month after launching its New Glenn rocket successfully into orbit. The move comes as the company seeks to speed up manufacturing and launch rates amid growing pains from rapid expansion over the past few years. CEO Dave Limp explained that the … Read more
Crypto scams are likely hitting a new record in 2024, driven by “pig butchering” romance scams and AI technology. A report by Chainalysis estimates that cryptocurrency scams amounted to $9.9 billion last year, with the figure likely to be revised higher. Revenue from “pig butchering,” a type of romance and investment scam, grew nearly 40% … Read more
The M23 rebel group, backed by Rwanda, has seized control of Kavumu airport near Bukavu in the Democratic Republic of Congo (DRC), the capital of South Kivu province. The move comes just days before an African Union summit starts in Ethiopia and raises concerns about the stability of the region. Congolese President Felix Tshisekedi had … Read more
Donald Trump’s influence on international economics cannot be denied, but his company, Truth Social DJT, poses significant investment risks due to its highly overvalued and speculative nature. The NASDAQ-listed media and tech company boasts Trump’s $4 billion stake, worth roughly 50% of the company’s net worth. Trump Media & Technology Group Corp.’s (DJT) business is … Read more