Here’s what we have for you today:
• Hands are full
• What a sport
• On the verge
JPMorgan Chase is reluctant for more
Tough times: After its government-brokered acquisition of First Republic, JPMorgan Chase CEO Jamie Dimon said it’s not likely his bank would acquire another struggling lender.
Evidently: Jamie said “regarding the current disruption in the U.S. banking system, most of these risks were hiding in plain sight”, in correlation to the interest rate risks that helped toppled SVB and First Republic.
The stretch: Jamie stated JPMorgan is prepared for interest rates and inflation to remain higher for longer potentially.
NBCUniversal joins Amazon on streaming
The start: NBCUniversal is investing $110 million on a one year deal to become the first to broadcast an NFL playoff game exclusively on a streaming platform.
Interestingly: NBCUniversal and the NFL’s partnership comes just a week after Amazon announced it would be investing $100 million to air the NFL’s first Black Friday game.
Prior: Amazon kickstarted the movement of NFL games to streaming services in 2022 after investing over $1 billion to acquire the rights to NFL Thursday Night Football until the 2033 season.
Tipping point for US debt again
Currently: The US Treasury has been using what it terms as “extraordinary measures” to avert a default since January 2023 as it struck the statutory borrowing limit (the amount of debt that the US is allowed to take on to pay its bills).
Afterward: Congress and the White House will need to agree to raise the debt ceiling to avert a government default or else default.
Be warned: Even coming close to a default could lead to a national credit downgrade according to Fitch Ratings.
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