>>JPMorgan Chase Warns A Recession Is Still On The Table

(New York, NY) -- JPMorgan Chase is warning inflation could rise more and a recession is still possible. CEO Jamie Dimon said at the New York Times DealBook Summit in New York that interest rates could continue to go up. He noted that governments across the world needing more money for their militaries and to address energy crises would contribute to inflation. Dimon said that while the US labor market has been stable, "inflation is hurting people."

 

>>Disney CEO Iger Will 'Definitely' Step Down In 2026

(New York, NY) -- Disney's CEO will, in his words, 'definitely' step down when his contract expires in 2026. That's what Bob Iger told CNBC yesterday at the New York Times' DealBook Summit. Iger took over Disney last year for the second time after Bob Chapek [[ CHAY-peck ]] was removed by the board. Iger says he was disappointed in what he saw in the last transition period, and he discovered certain things that could have been done better. He tells CNBC he's involved in the search for a new CEO to ensure a smoother succession this time.

 

>>Former Google CEO: AI Could Endanger Humanity This Decade

(Mountain View, CA) -- Google's former CEO says artificial intelligence could endanger humanity within the decade. In an interview at Axios's AI+ Summit, Eric Schmidt said AI development is similar to the development of nuclear weapons at the end of World War Two. The dangers of AI begin when "the computer can start to make its own decision to do things," including discovering weapons, Schmidt said. He said humanity would see the effects of AI within five to 10 years, but many experts say it could even be just two to four years away.

 

>>Detroit's Three Automakers Miss Top Spots In Reliability Survey

(Detroit, MI) -- The latest Auto Reliability study from Consumer Reports finds Detroit's automakers did not perform well. The top five spots were taken by Lexus, Toyota, Mini, Acura and Honda while Buick was the best performing domestic brand coming in at number 12 in the report. General Motors Cadillac division placed 16th with Chevrolet at 20 and GMC in the 24th spot. Ford came in 22nd and Lincoln placed 23rd. The Ram Truck division of Stellantis was 15th with Jeep at number 26 and Chrysler was 30th. The survey from members covers 20 areas of vehicle performance which the publication then uses to predict reliability.