Jamie Dimon warns on U.S. economy in 2024, 2025
JPMorgan Chase CEO Jamie Dimon said he remains cautious on the U.S. economy over the next two years because of a combination of financial and geopolitical risks. “You have all these very powerful forces that are going to be affecting us in ’24 and ’25,” Dimon told Andrew Ross Sorkin on Wednesday in a CNBC […]
Richemont shares surge following boom in Cartier owner’s sales to China
Swiss watch seller Compagnie Financière Richemont on Thursday reported a sharp uptick in its revenues in the final three months of 2023, driven by surging jewelry sales in China and Japan which offset a drop in sales in Europe. The luxury goods conglomerate, which owns brands including Cartier and Net-A-Porter, posted a 8% uptick in […]
Boehringer Ingelheim, Terns, Viking may join market
Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity. Michael Siluk | UCG | Getty Images Drugmakers have been scrambling to join a two-horse race to lead the market for popular weight loss drugs, which could […]
Music publication Pitchfork is being merged with GQ magazine by Conde Nast
The iconoclastic online music publication Pitchfork, best known for its daily music criticism and its multiday festivals in Chicago and Paris, is being folded into the glossy monthly GQ, parent company Condé Nast announced Wednesday. Founded by a Minneapolis-area record-shop employee and based in Chicago for most of its 28-year history prior to its acquisition […]
Shein IPO: China launches security review
Clothes at the Shein headquarters in Singapore on June 19, 2023. Ore Huiying | Bloomberg | Getty Images China’s powerful internet regulator is conducting a security review of Shein as the fast-fashion giant gears up for its highly anticipated U.S. initial public offering, CNBC has learned. The Cyberspace Administration of China is reviewing Shein’s supply […]
Plug Power’s plan to sell stock is latest blow amid liquidity, supply challenges
Plug Power Inc. said Wednesday it could start to sell stock, and its shares were tumbling in late trading. The alternative-energy company has entered into an at-the-market issuance sales agreement with B. Riley Securities that will allow it to sell up to $1 billion in common stock, Plug Power PLUG, -10.03% said in an afternoon […]
Failed JetBlue buyout leaves Spirit Airlines with a tough path forward
A JetBlue airliner lands past a Spirit Airlines jet on taxi way at Fort Lauderdale Hollywood International Airport on Monday, April 25, 2022. Joe Cavaretta | Sun Sentinel | Getty Images Spirit Airlines is on shaky footing after JetBlue Airways‘ proposed $3.8 billion takeover of the budget carrier was blocked by a federal judge this […]
Spirit Airlines shares sink after judge blocks JetBlue merger
JetBlue Airways planes are seen near Spirit Airlines planes at the Fort Lauderdale-Hollywood International Airport in Fort Lauderdale, Florida, on May 16, 2022. Joe Raedle | Getty Images News | Getty Images Shares of Spirit Airlines fell about 23% Wednesday, its second day of double-digit losses, after a judge blocked its proposed merger with JetBlue […]
Jamie Dimon says ‘it’s a mistake to assume everything is hunky-dory’
“‘I think it’s a mistake to assume that everything is hunky-dory.’” — JPMorgan Chase Chief Executive Jamie Dimon at Davos JPMorgan Chase & Co. Chief Executive Jamie Dimon said Wednesday he remains cautious in the face of “powerful forces” ranging from war to fiscal policy, despite growing consensus that there will be a soft landing […]
Boeing 737 Max 9 review gets independent advisor
Alaska Airlines N704AL is seen grounded in a hangar at Portland International Airport in Portland, Oregon, on Jan. 9, 2024. Mathieu Lewis-rolland | Getty Images Boeing on Tuesday appointed retired Admiral Kirkland Donald to serve as a special advisor while the company grapples with the fallout from an Alaska Airlines midflight accident on a 737 […]
