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Elite Financial Group

This is why Jamie Dimon is so gloomy on the economy

by Elite Financial Group | May 30, 2025 | Financial Services

JPMorgan Chase CEO Jamie Dimon has regularly warned that the U.S. economy faces perils, but even as he sounds the alarm, his bank is doing better than ever.Read More…

U.S.-China talks ‘a bit stalled’ and need Trump and Xi to weigh in, Treasury Secretary Bessent says

by Elite Financial Group | May 29, 2025 | Financial Services

U.S.-China trade talks are “a bit stalled,” requiring the two countries’ leaders to speak directly, Treasury Secretary Scott Bessent told Fox News.Read More…

China’s EV price war is heating up. What’s behind the big discounts?

by Elite Financial Group | May 29, 2025 | Financial Services

China’s electric car market is getting even more competitive, with significant consequences for the domestic economy and even the global auto market.Read More…

Palantir teams up with Fannie Mae in AI push to sniff out mortgage fraud

by Elite Financial Group | May 28, 2025 | Financial Services

Palantir CEO Alex Karp said the checks can be done in a way that “protects the underlying data and protects the privacy of the people submitting their forms.”Read More…

Fed worried it could face ‘difficult tradeoffs’ if tariffs reaggravate inflation, minutes show

by Elite Financial Group | May 28, 2025 | Financial Services

Officials were concerned that tariffs could aggravate inflation and create a difficult quandary with interest rate policy.Read More…

GameStop shares rise as retailer meme stock buys first bitcoin batch, scooping up $500 million

by Elite Financial Group | May 28, 2025 | Financial Services

The purchase, GameStop’s first investment in bitcoin, was worth $512.6 million with bitcoin’s price of $108,837 Wednesday.Read More…
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