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JPMorgan stockpiling cash, waiting for interest rates to rise -CEO

JPMorgan stockpiling cash, waiting for interest rates to rise -CEO FILE PHOTO: JPMorgan Chase CEO Jamie Dimon speaks at the North America s Building Trades Unions (NABTU) 2019 legislative conference in Washington, U.S., April 9, 2019. REUTERS/Jeenah Moon July 13, 2021 (Corrects June 14 story to clarify Dimon believes rising inflation will eventually lead to higher interest rates, and that the bank’s investing decisions depend on internal choices in next 6-9 months) NEW YORK (Reuters) – JPMorgan Chase & Co Chief Executive Jamie Dimon said on Monday the bank is holding around $500 billion in cash, putting it in a position to benefit from higher interest rates.

Home care workers hit the streets to demand living wages, respect

Home care workers hit the streets to demand living wages, respect
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Business and Labor Join Forces to Lobby for Infrastructure Deal

Please verify your request Advertisement A group of business and labor organizations including the U.S. Chamber of Commerce, the Business Roundtable, the AFL-CIO and North America’s Building Trades Unions announced Thursday that they support the $1.2 trillion bipartisan infrastructure proposal outlined by the White House and Senate negotiators. “We urge Congress to turn this framework into legislation that will be signed into law, and our organizations are committed to helping see this cross the finish line,” the newly launched coalition said in a statement. “Enacting significant infrastructure legislation, including investments in our roads, bridges, ports, airports, transit, rail, water and energy infrastructure, access to broadband, and more, is critical to our nation and will create middle-class family sustaining jobs. Don’t let partisan differences get in the way of action – pass significant, meaningful infrastructure legislation now.”

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