The ongoing demand for electricity will make oil production and exports a continued priority, says Enbridge CEO Gregory Ebel, who notes the impact of AI on energy needs. “We’ve had electricity demand largely flat for decades here in North America,” Ebel says. “Our view is that it will add somewhere between half a percent and 2%, which might not sound like much, but per annum through 2030, that’s a colossal move.” https://lnkd.in/eNVepTa2 #energy #oilandgas #artificialintelligence
The Business Council U.S.
Non-profit Organizations
Washington, District of Columbia 2,420 followers
The world’s top CEOs, across all industry sectors, convening to connect, share, learn and innovate.
About us
The Business Council is an association of the Chief Executive Officers of the world's most important business enterprises. Membership is personal, not corporate, and by invitation. Since its founding more than 75 years ago, The Business Council membership has consisted of a group of current and some former chief executive officers from a broad range of companies, all of which are primarily Fortune 500 companies. All major industries are represented among the members of The Business Council. Since its formation, The Business Council has been called upon by the President of the United States, the Administration and Congress for counsel and advice.
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http://www.thebusinesscouncil.org
External link for The Business Council U.S.
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- Non-profit Organizations
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- 2-10 employees
- Headquarters
- Washington, District of Columbia
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- Nonprofit
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- 1933
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Employees at The Business Council U.S.
Updates
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Federal Reserve Chairman Jerome Powell’s speech on Friday was a definitive signal that the Fed will cut interest rates in September “without declaring victory completely,” says Roger W. Ferguson, Jr., vice chairman of The Business Council U.S. and chair emeritus of The Conference Board. Ferguson expects a series of 25-basis-point cuts given current unemployment levels. “While [Powell] doesn't want to see it worsen, I don't think he feels the necessity to move dramatically,” Ferguson adds. https://lnkd.in/e7FGhAKN #interestrates #inflation #economy
Fed Chair Powell is 'a bit more definitive' on rate cuts than I'd imagined, says Roger Ferguson
https://www.youtube.com/
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AI is a potentially world-changing opportunity, but it’s on governments to work with business to find the right balance of regulation, security and innovation, says Palo Alto Networks CEO Nikesh Arora in this interview with The Conference Board. https://lnkd.in/e3uwB3_F #ai #cybersecurity #artificialintelligence
AI and Cybersecurity: The Future According to Nikesh Arora
conference-board.org
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JPMorganChase CEO Jamie Dimon calls himself an optimist who believes in American resiliency. And while there are negatives in American society that need to be addressed, it’s also worth considering what’s going well. “European GDP per person was very close to ours something like 20 years ago. It's now like 65 percent of ours,” he says. “So, when you compare us to the rest of the Western world, quite good. And we need to continue to do that. And I think we could continue to do that.” https://lnkd.in/eXq9MWb5 #economy #inequality #resiliency
Jamie Dimon on how economic inequality fueled political polarization and what can be done
pbs.org
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The Federal Reserve is likely to cut rates in September, although caution remains in order due to still-high inflation, says Roger W. Ferguson, Jr., vice chairman of The Business Council U.S. and chair emeritus of The Conference Board. “I would describe the data that we’ve seen as ‘good,’ in that it validates the thought that inflation is coming down, but it’s not concerning” in terms of economic weakness, he says. https://lnkd.in/e9RWJSPe #interestrates #federalreserve #inflation
The data right now supports a 'slower, more cautious' move in rates, says Roger Ferguson
https://www.youtube.com/
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Ken Griffin has made Citadel into the world's most profitable hedge fund with an innovative multimanager approach and commitment to excellence. “We hire people who are winners in life,” Griffin said. “Winners in finance is often not enough.” Citadel has regularly outperformed competitors with this approach, including during the early months of the pandemic. “It set up one of the greatest moments ever in the history of finance, getting to compete with people wearing their pajamas,” Griffin quipped. https://lnkd.in/eRsvZkiQ
Citadel’s Ken Griffin Has Remade the Hedge-Fund Industry, With Himself on Top
wsj.com
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The Federal Reserve should consider reducing interest rates soon, says Bank of America CEO Brian Moynihan, so that consumers and businesses don’t lose confidence. “Once the American consumer really starts going very negative, then it's hard to get them back,” he says. “And on the commercial side, the higher rate environment is slowing down commercial progress, so corporations aren't using their lines of credit.” https://lnkd.in/e9BkFuMk #interestrates #federalreserve #economy
Transcript: Bank of America CEO Brian Moynihan on "Face the Nation with Margaret Brennan," Aug. 11, 2024
cbsnews.com
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Uncertainty continues to be the theme for consumers and businesses alike, even as a soft landing remains in play and the Federal Reserve looks to cut rates. "You could say where we are today versus two months ago, the economy seems to be a little bit more fragile," says CSX CEO Joe Hinrichs. "And we're optimistic that it can pick itself up, but we're watching it very carefully." https://lnkd.in/eUWQm95M #economy #recession #consumerspending
Has the U.S. Economy Reached a Tipping Point?
wsj.com
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CEO confidence declined in Q3, although they remain moderately optimistic about the economy going forward, according to the latest The Conference Board survey in collaboration with The Business Council U.S.. “CEOs remained cautiously optimistic about the future but their views about the current economic situation weakened in Q3,” said Roger W. Ferguson, Jr., Vice Chairman of The Business Council and Chair Emeritus of The Conference Board. “Negative views about current economic conditions outweighed positive views of the economy, with more CEOs saying that conditions have worsened compared to six months ago than saying they improved.” https://lnkd.in/eskv7Tsw #economy #ceos #recession
CEO Confidence Declined Slightly in Q3 2024
conference-board.org
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The market for M&A and initial public offerings is getting stronger, says KKR co-CEO Scott Nuttall, who also believes private equity fundraising is due to improve. "This year, we not only have an open market, we have pent-up supply of deals that didn't get done in the last couple of years coming to market," he says. https://lnkd.in/eZut-k-5 #manda #privateequity #ipo
KKR's Nuttall declares 'the deal market is back'
spglobal.com