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Iraq Bulletin

Tag : JPMorgan

Business

CEO of JPMorgan says it is too soon to declare victory over inflation

iraqbulletin.co
JPMorgan Chase & Co.‘s CEO Jamie Dimon cautioned against declaring victory too soon against inflation, warning the Federal Reserve might raise interest rates above 5% if prices remain “sticky.” Several Federal Reserve officials said more rate increases were on the way, though none was ready to suggest January’s strong jobs......
Business

Saudi wealth fund PIF purchases Alphabet, Zoom, and Microsoft shares

iraqbulletin.co
A broad selection of US stocks was purchased by Saudi Arabia’s Public Investment Fund (PIF), bringing its investment portfolio’s value to about $40.8 billion at the end of the second quarter. According to a US Securities and Exchange Commission filing, the PIF acquired 213,000 class A shares in Alphabet, 4.7......