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US bank CEOs say they could exit China if it ever attacks Taiwan
Hong Kong (CNN Business)Leaders of America's biggest banks say they would follow any US directive on pulling business from China if Taiwan is ever attacked by Beijing. JPMorgan (JPM) CEO Jamie Dimon, Citi (C) CEO Jane Fraser, and Bank of America (BAC) CEO Brian Moynihan were all pressed on the subje
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The Fed's fight against inflation could cost the US 1.2 million jobs
Minneapolis (CNN Business)In its efforts to bring down historic inflation and cool the economy, the Federal Reserve has used multiple euphemisms to describe the potential impact on Americans' jobs, from economic "pain" to "unfortunate costs" and a "softening labor market." Data, however, doesn't min
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Vince McMahon retires from WWE amid hush money investigation
New York (CNN Business)Vince McMahon, the former WWE chief executive, is retiring from the company, he said in a statement on Friday. The news follows an investigation into McMahon paying millions of dollars in hush money to cover up alleged infidelity and misconduct with multiple women. "As I appro
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Oil plunges below $80 to eight-month low as recession fears mount
New York (CNN)Recession fears are slamming the oil market, with crude tumbling on Friday below $80 a barrel for the first time since January. The good news is the selloff should drive prices at the gas pump down, easing crushing inflation that has been harming consumers. The bad news is the sharp dr
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