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JPMorgan CEO Jamie Dimon expects US Recession in six to nine months

JPMorgan CEO Jamie Dimon expects US Recession in six to nine months
One of the biggest topics of the year 2022 has been the economy. That’s the case due to the heavy fluctuations within it over the course of the past several months. There are numerous causes for the changes in the economy, but overall all indications reveal that the U.S, along with the world, could be headed for a down year economically.  According to the CEO of JPMorgan Chase, Jamie Dimon, the looming recession is poised to take hold around the midpoint of next year. The factors contributing to the economic downturn include multiple factors like high interest rates, along with the ongoing Russian conflict with Ukraine.  In an interview with CNBC, Dimon said, “These are very, very serious things which I think are likely to push the US and the world - I mean, Europe is already in recession - and they’re likely to put the US in some kind of recession six to nine months from now.” Despite challenges that are expected to arrive soon he also said that he believes that the American economy is “actually still doing well” even in the midst of the obstacles that are present currently.  Dimon also revealed that he believes that consumers...
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Patagonia founder gives away his entire $3 Billion Dollar Estate to tackle climate change

Patagonia founder gives away his entire $3 Billion Dollar Estate to tackle climate change
Eccentric billionaire and founder of the clothing brand Patagonia has come up with a unique way to fight climate change. He’s given up his entire nearly $3 billion empire. Yvon Chouinard, his wife and two adult children have transferred ownership of the company to a nonprofit organization devoted to combating climate change and protecting undeveloped land worldwide. All the company’s profits, which come to over $1 million a year, will go to the nonprofit Patagonia Purpose Trust and the Holdfast Collective. Chouinard, 83, refers to the move as “reimagining capitalism.” He explained how the world needs to do more to fight climate change and how he came to his decision to start a nonprofit. “One option was to sell Patagonia and donate all the money. But we couldn’t be sure a new owner would maintain our values or keep our people around the world employed." “Another path was to take the company public." “What a disaster that would have been. Even public companies with good intentions are under too much pressure to create short-term gain at the expense of long-term vitality and responsibility." “Truth be told, there were no good options available. So we created our own." “Every dollar that...
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Coca-Cola is moving forward with its alcohol experiment

Coca-Cola is moving forward with its alcohol experiment
When someone brings up Coca-Cola, you likely think of the popular soft drink or another Coca-Cola product. However, few are aware that the soda giant has partially pivoted to alcoholic beverages. The company is moving forward with its experiment in the alcoholic drink space that has the potential to transition to the sale of Coca-Cola spirits and other alcoholic beverages across the world. Will Coca-Cola Shake up the Alcoholic Drink Game? Coca-Cola’s Chief Executive Officer and Chairman Jams Robert B. Quincey recently gave a speech at the Sanford C. Bernstein Strategic Decisions conference earlier this month in which he touched on the prospect for the company’s experimentation with alcoholic beverages to grow into something more significant. Quincey responded to the inquiry by stating that Coca-Cola’s experiments with alcoholic beverages have been interesting. Coca-Cola has branched out in recent years, offering its own soda-coffee concoction along with Topo Chico Hard Seltzer through a partnership with Molson Coors Beverage Co. The corporate tandem is also poised to release Simply Spiked to the public in the months ahead.  Spiked is the alcoholic form of the company’s Simply brand drinks. Fortune Favors the Bold When it comes to business and most other aspects of...
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ExxonMobil Boasts Highest Profits in 13 Years Amidst Surging Oil Prices

ExxonMobil Boasts Highest Profits in 13 Years Amidst Surging Oil Prices
As the winter weather subsides in exchange for more sunshine and warmth, an increasing amount of Americans will be hoping to travel. Unfortunately, that may not be a possibility for some due to the fact that gas prices are steadily rising with no end in sight. The increase in gas prices has a trickle-down effect on everything from flight tickets to shipping costs. Even though the rise in gas prices is bad news for most Americans, that isn’t the case across the board. In fact, there are some people who are relishing over the pain being experienced at gas pumps across the nation. Among the people who are most thrilled to see the continued rise in gas prices are the executives at ExxonMobil who have been raking in heavy profits as a result of the surge in oil prices.  The Company has done so well during the surge in oil prices that their first-quarter earning results may have reached up to $13 billion. This represents the highest profits for ExxonMobil since 2008. The first-quarter results are said to have been about $2 billion higher than the results of the 4th quarter of 2021. Whether or not the Company will be...
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Weird Airbnbs Make Successful Business Venture for One Creative Designer

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The Airbnb industry continues to be quite lucrative for some folks. One designer decided to get creative with the rentals she was offering, and it paid off in a big way.  Kristie Wolfe is profiting off her ideas which include a Big Idaho Potato Hotel (a converted fire lookout at $200 a night), a Hawaiian treehouse ($300 a night) and a hobbit hole ($400 a night).  She was inspired by the tiny house movement back in 2010 while working on a potato farm in Idaho. She launched her first property, the big potato hotel when she was just 27. It was a 97 square foot “shed on wheels” but Wolfe loved living there and she knew others would enjoy it as well.  Her next venture was a treehouse built on Hawaii’s big island which she created for a total of $11,000 and rented it out for $300 a night. She made her money back within a hundred days.  “I could’ve stopped right there and chilled with the income, but I have no chill,” Wolfe said.  She continued to build her other units earning her status as a legendary builder in the Airbnb space and enough passive income to last a...
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