JPMorgan CEO Dimon Says Bank is Convening a 'War Room' on Debt Ceiling
The bank is convening weekly meetings to discuss the implications of a potential U.S. default, according to an interview on Bloomberg TV.
Wealthy Americans are Getting Hit Hardest by the Economy Slowing Down
Bank of America Institute data shows households making more than $125,000 are seeing wage growth decline faster than any other income cohort.
Icahn Enterprises Shares Fall After US Attorney’s Office Requests Information
Investors wiped as much as $2.3B off market value of Carl Icahn’s investment firm Wednesday after it disclosed a federal inquiry into its practices.
US Default Swaps Are Now More Expensive Than Brazil, Mexico
The cost of insuring Treasuries against default now eclipses some emerging markets as the American government gets closer to running out of money.
Shark Tank’s Kevin O’Leary Says Failing Regional Banks Should be Allowed to Collapse
Kevin O’Leary says, ‘Let the ones run by idiots go to zero’.