Business

Brace yourselves for an economic ‘hurricane,’ Jamie Dimon says

“Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this,” Dimon said at a Bernstein conference. “That hurricane is right out there down the road coming our way.” “We just don’t know if it’s a minor one or Superstorm Sandy. You better brace yourself,” Dimon said, adding that …

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2023 Corolla Refreshed With New All-Wheel-Drive Hybrid Trims

The 2023 Toyota Corolla adds new hybrid trim levels with optional all-wheel drive. The 139-hp 1.8-liter engine is no longer offered, making the 169-hp 2.0-liter four-cylinder engine the only choice for nonhybrid Corollas. New Corollas also receive subtle visual updates like redesigned LED headlights, slightly changed front and rear fascias, and a redesigned 8.0-inch infotainment …

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Facebook parent Meta COO Sheryl Sandberg is stepping down

Sheryl Sandberg is stepping down from her role as Chief Operating Officer at Meta, the company formerly known as Facebook. Sandberg joined Facebook in early 2008 as the No. 2 to Facebook CEO and co-founder Mark Zuckerberg, and helped turn Facebook into an advertising juggernaut and one of the most powerful companies in the tech …

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Report: Electric vehicle sales will triple by 2025, sales of gas-powered vehicles already past their peak

Sales of plug-in vehicles are also expected to triple their current levels by 2025, according to the report. “Most importantly, the market is shifting from being driven primarily by policy, to one where organic consumer demand is the most important factor,” lead authors Colin McKerracher and Aleksandra O’Donovan wrote in the BloombergNEF report. In 2025, …

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Fed report sees ‘slight or modest’ economic growth as inflation surges

Most of the US has been seeing just “slight or modest” economic growth over the past two months or so, according to a Federal Reserve report released Wednesday. While all 12 Fed districts reported continued growth, the central bank’s periodic “Beige Book” indicated that four of the regions showed “that the pace of growth had …

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