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Chevron (CVX.US) CEO criticizes the US's suspension of approval for new LNG export projects and accuses Biden of 'damaging' energy security.
Chevron CEO Mike Wirth criticized the Biden administration's "attack on the natural gas" industry and the decision to stop issuing new liquefied natural gas export permits, stating that this will increase energy costs, threaten the supply of US allies, and increase emissions by slowing the transition from coal to natural gas.
Chevron CEO Slams Biden LNG Export Pause as 'Undermining' Energy Security
JPMorgan and Apple are in deep negotiations and are expected to take over the Apple credit card project from Goldman Sachs.
As Goldman Sachs decides to withdraw from the consumer finance business, Apple needs to find a new bank to take over its credit card project with over 12 million users, which is a huge customer resource for any bank. Currently, Apple is still in negotiations with JPMorgan, and due to the high-risk customers involved in Apple's credit card project, JPMorgan hopes to take over at a more favorable price. The top management of JPMorgan is paying attention to the negotiations with Apple because technology companies like Apple are challenging the traditional role of banks, and banks must consider collaborating with these technology companies.
JPMorgan Chase Raises Quarterly Dividend by 8.7% to $1.25/share
Not Paying Your Bills? Wall Street Worries That Too Many Credit Card Balances Are Turning Delinquent
JPMorgan's Jamie Dimon to Travel to Africa in Growth Mission - Report