Like many financial firms, JPMorgan periodically trims staff during the year, even as it hires thousands more workers to fill roles.
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Disney still has plans to spend billions in Florida despite its battle with DeSantis
Disney’s fight with the Florida governor has taken on new significance now that DeSantis is running for president.
Continue readingGap shares soar after retailer reports big improvement in margins
Apparel retailer Gap reported another quarter of net losses and sale dips across its four brands but did manage to significantly improve its margins.
Continue readingFord EVs will use Tesla charging tech in surprise partnership between rival automakers
Ford Motor will partner with Tesla on several charging initiatives for its current and future electric vehicles in an unusual tie-up.
Continue readingJPMorgan is developing a ChatGPT-like A.I. service that gives investment advice
Banks including Goldman Sachs and Morgan Stanley are testing A.I. internally, but JPMorgan may be the first to release a GPT-like product directly to customers.
Continue readingIllumina shareholders oust board chair, CEO survives Carl Icahn proxy battle
Carl Icahn has accused Illumina’s management and board of poor oversight, particularly with regard to the company’s acquisition of cancer test maker Grail.
Continue readingJPMorgan Chase says Jeffrey Epstein paid tuition for kids of U.S. Virgin Islands governor
The U.S. Virgin Islands alleges in a lawsuit that JPMorgan Chase facilitated sex trafficking by Jeffrey Epstein, a predator who lived in the American territory.
Continue readingNRO director says commercial space industry helps fuel the spy satellite agency’s ambitious goals
NRO Director Chris Scolese said the agency is looking to advance new technologies like artificial intelligence, machine learning and quantum sensing.
Continue readingDirecTV reaches deal to provide NFL ‘Sunday Ticket’ to bars and restaurants
DirecTV gave up NFL Sunday Ticket residential rights for next season, but it will continue to be the commercial provider for the package.
Continue readingDollar Tree shares plunge after company misses on earnings, slashes full-year profit outlook
Dollar Tree disappointed Wall Street Thursday after it reduced its profit outlook for the year and missed on earnings estimates, sending shares plunging.
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