Dimon has remained cautious over the past few years, despite record profits at JPMorgan Chase and a U.S. economy that has defied expectations.
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Flight disruptions linger as winter storms, Max 9 grounding snarl travel
Airlines canceled more than 1,800 U.S. flights Tuesday as winter weather continues to disrupt travel for millions of travelers.
Continue readingPentagon awards $2.5 billion in satellite contracts to L3Harris, Lockheed Martin and Sierra Space
The Space Force unit on Tuesday announced about $2.5 billion in satellite contracts would go to L3Harris, Lockheed Martin, and Sierra Space.
Continue readingBoeing appoints independent advisor to lead 737 Max 9 review as groundings stretch on
Retired Admiral Kirkland Donald will lead a review of Boeing’s quality management system and provide a report to CEO Dave Calhoun.
Continue readingClassic car auction site Bring a Trailer’s sales hit record $1.4 billion even as prices drop
Bring a Trailer’s sales climbed in a rare bright spot for the classic-car market.
Continue readingJudge blocks JetBlue-Spirit merger after DOJ’s antitrust challenge
JetBlue’s proposed $3.8 billion purchase of discounter Spirit would have produced the country’s fifth-largest airline.
Continue readingSpace investment rebounded in 2023 with heavy sector M&A, report says
Space Capital’s report highlighted 2023 as “a year of consolidation,” with 39 M&A deals.
Continue readingPlease stop ignoring your flight attendants
One lesson to be learned from recent incidents on Japan Airlines and Alaska Airlines: It’s time to start paying attention to pre-flight safety demonstrations.
Continue readingBurger King owner Restaurant Brands buys chain’s largest U.S. franchisee
Restaurant Brands International will spend about $1 billion to buy Carrols Restaurant Group, the largest U.S. franchisee of Burger King.
Continue reading10 years in, GM CEO Mary Barra has built her legacy on change and crisis. 2024 will bring new tests
GM is facing challenges with EV demand and its Cruise autonomous driving unit, but those headwinds may play to Barra’s strengths.
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