Category: people
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Jamie Dimon says inflation is worse than people think, and that the market is too optimistic about a soft landing
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CNBC/Jamie Dimon JP Morgan CEO Jamie Dimon told Bloomberg TV that inflation may be higher for longer than people think. Dimon said markets are very optimistic about inflation, interest rates and the US economy. He added that rates are likely to rise higher than people might think. Markets are underestimating…
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The PPI report is a lesson in how algos and real people operate in markets
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Occasionally, real people can still obtain outstanding trading economic data. The PPI movement was almost completely reversed but it took 9 minutes, which is a long time in markets terms. What happened was that the algae vomited on the headline with a reading of +0.5% compared to +0.2%. The loss…
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Warren Buffett cautions against role of AI in scamming people (NYSE:BRK.A)
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G studios Berkshire Hathaway (New York Stock Exchange:BRK.A)(New York Stock Exchange:BRK.B) Chairman and CEO Warren Buffett on Saturday made some cautious words regarding the potential of artificial intelligence (AI). Speaking at the group’s annual shareholders meeting, the veteran investor warned of the role of artificial intelligence in defrauding people He…