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  • Business
    The Canadian Press

    JPMorgan's Dimon hopes for soft landing for US economy but says stagflation is a possible scenario

    NEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the U.S. economy and said inflation may be stickier for longer and that “stagflation is on the list of possible things” that could happen to the U.S. economy. “You sho

  • Business
    The Canadian Press

    U.S. election uncertainty making ‘very difficult’ freight market worse, TFI CEO says

    MONTREAL — The head of Canada's biggest trucking firm says the upcoming U.S. election is straining an already weak market for freight. Uncertainty over the outcome of the political contest this fall means some customers are holding off on shipments until the result becomes clear, Alain Bédard, chairman and CEO of TFI International Inc., said Friday. On a conference call with analysts, Bédard gave the example of a green energy company spun off from General Electric, claiming GE Vernova's wind tur

  • Business
    The Canadian Press

    Williams-Sonoma must pay almost $3.2 million for violating FTC's 'Made in USA' order

    NEW YORK (AP) — Home products retailer Williams-Sonoma will have to pay almost $3.2 million for violating a Federal Trade Commission “Made in USA” order. Williams-Sonoma was charged with advertising multiple products as being “Made in USA” when they were in fact manufactured in other countries, including China. That violated a 2020 commission order requiring the San Francisco-based company to be truthful about whether its products were in fact made in the U.S. The FTC said Friday that Williams-S

  • Business
    Yahoo Finance Video

    What Exxon, Chevron Q1 earnings mean for the energy sector

    Energy giants Exxon Mobil (XOM) and Chevron (CVX) are experiencing divergent stock performance following the release of their respective first quarter earnings reports today. Both companies faced headwinds from lower national gas prices and narrowing refining margins, which put pressure on their first quarter profits. However, Chevron managed to surpass expectations on adjusted earnings per share. Yahoo Finance's Jared Blikre and Julie Hyman discuss each company's first quarter earnings report, providing insights into how their financial performance is impacting share prices. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith