• Nov 16, 2024

J.P. Morgan Says These 2 Stocks Are Top Picks for 2025

With 2025 on the horizon, investors are sharpening their focus on the year ahead, selecting portfolio additions that aim to bring solid returns. “There is reason to be bullish,” says Jordan Jackson, a JPMorgan strategist covering the markets. He highlights positive trends in inflation and interest rates, noting that consumer spending is likely to respond in kind. “I think over the course of next year, we should continue to see consumers start to feel a little bit more confident about their walle

  • Nov 16, 2024

Charting the Global Economy: US Inflation Progress Stalls

(Bloomberg) -- US inflation is proving stubborn while consumer spending shows scant signs of any concerning slowdown, laying the groundwork for a more cautious approach to interest-rate cuts from the Federal Reserve.Most Read from BloombergIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftUnder Trump, Prepare for New US Transportation PrioritiesNYC Congestion Pricing Plan With $9 Toll to Start in JanuaryZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $

  • Nov 16, 2024

2024 FBS Summit: Hong Kong confab of family businesses talk about AI, geopolitics, markets

More than 100 of the world's wealthiest business owners gathered in Hong Kong this weekend, as the city stepped up its appeal to be the Asia-Pacific region's wealth management and family office hub. Business owners from the US, Europe, the Middle East, Southeast Asia and mainland China joined their Hong Kong counterparts at the principals-only 2024 Family Business Summit, organised by South China Morning Post and Blue Pool Capital with JPMorgan as the presenting partner. "Family businesses form

  • Nov 16, 2024

Alaska political leaders hope to see Trump undo restrictions on oil drilling

President-elect Donald Trump promised repeatedly during his campaign to expand oil drilling in the U.S., which is good news for political leaders in Alaska, where oil is the economic lifeblood and many felt the Biden administration has obstructed efforts to boost the state's diminished production. A debate over drilling on federal lands on Alaska's petroleum-rich North Slope will likely be revived in the coming months, particularly in the Arctic National Wildlife Refuge, which environmentalists have long sought to protect as one of the country's last wild places.