Chairman and C.E.O. of JPMorgan Chase & Co. Jaime Dimon speaks during the New York Times annual DealBook summit on November 29, 2023 in New York City. Michael M. Santiago | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Wednesday that his bank would exit China if the U.S. government ordered...
United Auto Workers members strike the General Motors Lansing Delta Assembly Plant on September 29, 2023 in Lansing, Michigan. Bill Pugliano | Getty ImagesGeneral Motors expects new labor contracts with the United Auto Workers and Canadian union Unifor to increase its costs by $9.3 billion and add approximately $575 in...
Shares of Foot Locker rose on Wednesday after the company posted surprise earnings and sales beats and said it saw strong results over Thanksgiving weekend.The sneaker and sportswear retailer narrowed its full-year forecast, reflecting slightly better sales trends. It said it now expects sales to drop by 8% to...
The U.S. economy grew at an even stronger pace then previously indicated in the third quarter, the product of a better than expected business investment and stronger government spending, the Commerce Department reported Wednesday.Gross domestic product, a measure of all goods and services produced during the three-month period, accelerated...
Check out the companies making headlines before the bell. Toyota — The stock added 1.3% before the bell upon news that the automaker planned to reduce its holdings in automotive components manufacturer Denso to 20% from more than 24%. Toyota plans to redirect this capital to improve its efforts...
Billionaire investor Mark Cuban is selling a majority stake of the Dallas Mavericks to Miriam Adelson and her family, a source familiar with the deal told CNBC.Cuban still owns a stake in the team and will run basketball operations.Adelson is selling $2 billion worth of Las Vegas Sands stock,...
Mary Barra, Chair and CEO of the General Motors Company (GM), speaks during the Milken Institute Global Conference in Beverly Hills, California, on May 2, 2022.Patrick T. Fallon | AFP | Getty ImagesGeneral Motors is seeking to regain Wall Street's confidence leading into 2024 with several investor-focused initiatives Wednesday...
Gary Cohn, vice chairman of International Business Machines Corp. (IBM), during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Tuesday, Oct. 19, 2021.Kyle Grillot | Bloomberg | Getty ImagesThe U.S. economy is "back to normal" for the first time in two decades, but the market is...
A security guard at the New York Stock Exchange (NYSE) in New York, US, on Tuesday, March 28, 2023.Victor J. Blue | Bloomberg | Getty ImagesWith central banks having hiked interest rates at breakneck speed and those rates likely to stay higher for longer while the lagged effects set...
JOHANNES EISELE | AFP | Getty ImagesSeveral investors mourned the passing of famed investor Charlie Munger, vice chairman of Warren Buffett's Berkshire Hathaway, on Tuesday. Known for his quick wit and his role in the firm's success, Munger's legacy reverberated throughout the investing world."Berkshire Hathaway could not have been built...