Business News

NEW YORK (Reuters) — JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Wednesday the United States could be in store for an economic boom through 2023 if more adults get vaccinated and federal spending continues. “I have little doubt that with excess savings, new stimulus savings,…

ZURICH (Reuters) — Thomas Gottstein may have acted decisively enough this week to stay as Credit Suisse chief executive, but investors are likely to require more radical action after the bank’s $4.7 billion loss from the Archegos hedge fund scandal. Credit Suisse shares have dropped by 25% in the s…

WASHINGTON (Reuters) — The U.S. job market may have picked up steam in March, but the improvement was only a small step towards the Federal Reserve’s threshold for considering reining in its massive support for the economy. That’s the signal from a broad index of labor market indicators developed b…

(Reuters) — Forbes’ annual world’s billionaires list includes a record-breaking 2,755 billionaires, with Amazon.com Inc founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday. The ranks of the ultra-wealthy are expanding after a year in which the coronaviru…

LONDON (Reuters) — World stocks hit record highs on Tuesday, supported by strong economic data from China and the United States, while currency and bond markets paused after a month of rapid gains in the dollar and Treasury yields. Equities as measured by the 49-country spanning MSCI All Country Wo…

MANILA (Reuters) —  Philippine inflation eased for the first time in six months in March as price increases for certain food items slowed down, but it stayed outside the central bank’s target range of 2%-4% for the year. The Consumer Price Index rose 4.5% from a year earlier, versus a 26-month high…

SEOUL (Reuters) — South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it the first major smartphone brand to completely withdraw from the market. Its decision to pull out will leave its 10% share in North America,…

(Reuters) — Tesla Inc was set to add about $50 billion to its market value as the electric car-maker’s shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset the impact of a global shortage in auto parts. The stock jumped nearly 8% in pre-market t…

PHUKET, Thailand (Reuters) —  In Thailand, it’s the all-important tourism sector that has jumped to the head of the Covid-19 vaccination line, with the country’s most popular resort island embarking on a mass inoculation program two months ahead of the rest of the country. The island of Phuket aims…

WASHINGTON (Reuters) — The U.S. economy created the most jobs in seven months in March as more Americans got vaccinated and the government doled out additional pandemic relief money, marking the start of what could be the strongest economic performance this year in nearly four decades. The Labor De…