What bank earnings can tell us about the economy
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JPMorgan CEO Dimon says US economy is booming
(Reuters) -JPMorgan Chase CEO Jamie Dimon expressed confidence in a robust U.S. economy backed by strong employment and healthy consumer finances. The U.S. economic boom is "unbelievable," Dimon said at an Economic Club of New York event on Tuesday. Dimon, who has run the largest U.S. lender for more than 18 years, has cautioned that inflation could be more persistent than expected, keeping interest rates higher for longer.
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US vetoes Palestinian bid for full UN membership
America vetoed the draft resolution of the Security Council for Palestine’s membership in the United Nations. Britain and Switzerland abstained from voting on this draft, but 12 other members of the Security Council voted in favor. The US has stated that the formation of a Palestinian state should be through direct negotiations between Israel and […]
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US vetoes Palestinian request for full UN membership
Washington blocks security council resolution supported by 12 member countries, with two abstentions including UKThe US has vetoed a Palestinian request to the United Nations security council for full UN membership, blocking the world body’s recognition of a Palestinian state.The vote in the 15-member security council was 12 in favor, the US opposed and two abstentions, the UK and Switzerland. Continue reading