JPMorgan Chase (JPM) earnings 3Q 2023
Jamie Dimon, chairman and CEO of JPMorgan Chase, at the U.S. Capitol for a lunch meeting with the New Democrat Coalition in Washington, D.C., June 6, 2023. Nathan Howard | Bloomberg | Getty Images JPMorgan Chase on Friday topped analysts’ expectations for third-quarter profit and revenue as the bank generated more interest income than expected, […]
Oil prices surge 4% as Middle East tensions rise with Israel ordering mass evacuations in Gaza
Escalating Middle East tensions were driving up oil prices on Friday, amid rising fears that Israel is close to launching a ground invasion of Gaza after its military ordered more than a million people in the territory to flee south. Price action West Texas Intermediate crude for November delivery CL00, +3.85% CL.1, +3.85% CLX23, +3.85% […]
Viasat won’t replace damaged Americas satellite
A long-exposure photo shows a trail left by SpaceX’s Falcon Heavy rocket while launching the ViaSat-3 Americas satellite from Florida on April 30, 2023. Viasat Viasat shares rose Thursday after the company said it expects to meet financial growth targets earlier than expected and that it won’t need to replace a damaged $750 million communications […]
Amazon says this week’s Prime Day event ‘outpaced’ 2022, but ‘halo effect’ mixed
Amazon.com Inc. on Thursday said that this week’s two-day Prime Day event “outpaced” the one the online retailer held last year, ahead of what is expected to be another holiday season driven by big discounts as shoppers continue to seek shelter from higher prices. But as other online retailers try to ride the Prime Day […]
David Beckham says he supports Manchester United sale
Inter Miami co-owner and President David Beckham backs a takeover of his original club Manchester United. “At the moment, there’s no stability,” the longtime former midfielder for the Premier League club told CNBC’s “Squawk on the Street” in an interview aired Thursday. “It’s the right time for somebody to take over.” Beckham also dispelled reports […]
Dollar General stock rallies as Todd Vasos returns as CEO
Dollar General Corp. shares rallied in the extended session Thursday after the company announced Todd Vasos will return as chief executive, effective immediately, and kept its sales forecast within analysts’ expectations. Dollar General DG, -1.77% shares rallied 8% after hours, following the announcement that Vasos, who previously served as CEO from June 2015 to November […]
Joe Biden meets with Target CEO Brian Cornell and business leaders
Target CEO Brian Cornell. Scott Mlyn | CNBC Target CEO Brian Cornell met with President Joe Biden on Thursday afternoon as the retailer — and the White House — try to figure out U.S. consumers. Cornell is one of about a half-dozen business leaders across industries who offered up their point of view on the economy […]
Dollar General stock jumps after it brings back former CEO
The exterior of a Dollar General convenience store is seen in Austin, Texas, on March 16, 2023. Brandon Bell | Getty Images Dollar General’s former CEO Todd Vasos is coming out of retirement to helm the company, which aims to rebound from slowing growth and allegations of unsafe working conditions. Vasos, who served as the […]
Stock-market moves show bond traders are still in charge as yields renew rise
The roughly $25 trillion Treasury sector remained in firm control of much of the financial market on Thursday as long-dated yields headed toward 5% again, taking the steam out of equities and helping the greenback recoup this week’s earlier losses. Investors resumed a selloff of government debt that’s sent 10- and 30-year yields to some […]
Hollywood, auto strikes dent Delta business travel
A Delta Airlines passenger jet approaches to land at LAX during the outbreak of the coronavirus disease (COVID-19) in Los Angeles, California, U.S., April 7, 2021. Mike Blake | Reuters Recent strikes by Hollywood talent and United Auto Workers union members are a “drag” on business travel demand, which is otherwise recovering, Delta Air Lines […]
