JPMorgan Chase & Co has committed $150 million to advance racial equity in Chicago's South and West sides. This commitment is part of the firm's $30 billion national commitment to advance racial equity.
JPMorgan Chase & Co invested $200 million through philanthropic capital, volunteerism, low-cost loans and equity investments into the city after the city historically went bankrupt in 2013.
Leadership for Morgan Stanley is changing as Ted Pick was announced as the next CEO of the company once James Gorman retires. Pick has been with the firm for three decades and was selected over Andy Saperstein and Dan Simkowitz.
According to the Wall Street Journal, crypto executives are adapting their growth strategies as the U.S. market becomes a challenging terrain due to increased regulatory scrutiny. This shift is exemplified by major players like Ryze Labs, Ripple Labs, and Zodia Markets, who are now setting their sights on opportunities beyond American borders.
Federal Reserve Chair Jerome Powell, in a press conference held on June 14, 2023, laid out a roadmap for the Federal Reserve's strategic response to the ongoing inflation situation.
MIT researchers have published a paper in Nature Energy outlining a path for scaling the clean hydrogen industry while limiting emissions. The researchers aim to assist regulators in supporting the growth of the clean hydrogen industry, which is crucial for decarbonizing various industries such as steel manufacturing and fertilizer production.One of the main challenges in scaling hydrogen production is the sourcing of clean electricity. Currently, the US electric grids are primarily powered by fossil fuels, so if hydrogen production increases, it could result in a...
