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Ally Love, Dwyane Wade, JPMorgan Wealth Management CEO Kristen Lemkau, Tom Brady, A’ja Wilson and Megan Rapinoe during the JPMorganChase Athlete Council meeting on March 18, 2026. Shawn McMillan | CNBC JPMorgan Chase has recruited some of the biggest names in American sports to help tackle a persistent problem: professional athletes going broke. The bank […]
People line up outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Three years ago, JPMorgan Chase executive Doug Petno was at a New York City party celebrating a colleague’s retirement when his boss, Jamie Dimon, called Petno over. It was March […]
Ford on Tuesday posted its largest quarterly loss since 2008 amid losses in the automaker’s electric vehicle (EV) division, as well as the impact of tariffs and a fire that impacted an aluminum supplier. The Detroit automaker reported a fourth quarter net loss of $11.1 billion after previously disclosing large writedowns to its EV programs, […]
Kevin Hassett remains the odds-on favorite to succeed Jerome Powell as chairman of the Federal Reserve — despite vast misgiving from Wall Street and CEO types. “It’s in the president’s hands,” is how one person close to the process of nominating the next Fed chairman put it. Trump began meeting with other candidates this week as he […]
An Obamacare sign is displayed outside an insurance agency on Nov. 12, 2025 in Miami, Florida. Joe Raedle | Getty Images With enhanced Obamacare tax credits set to expire at the end of the year, Republicans are proposing new alternatives aimed at lowering the cost of health care. Their window for doing so is rapidly […]
Signage is displayed outside the Sinclair Broadcast Group Inc. headquarters in Cockeysville, Maryland, U.S. Andrew Harrer | Bloomberg | Getty Images Sinclair disclosed a stake in fellow broadcast station owner E.W. Scripps on Monday, in a move to push toward a merger of the companies. Sinclair, which acquired a roughly 8% position in Scripps per […]
The CEO of the UK’s Betting and Gaming Council has outlined a warning that £8.4 billion ($11.1 billion) in bets could go to the black market if the proposed tax hike goes ahead. On the heels of its warning about the potential impact on jobs at the end of last month, the CEO of the […]
Starbucks workers and supporters practice picket outside a Starbucks location in New York, US, on Wednesday, Oct. 1, 2025. Michael Nagle | Bloomberg | Getty Images More than 100 lawmakers urged Starbucks to resume bargaining talks with Workers United, the union representing the coffee giant’s baristas, in letters sent to CEO Brian Niccol on Monday. […]
As companies attempt to deepen their protections against gambling harm, BetMGM International has partnered with BetBlocker to increase its responsible gambling initiatives. The new addition will be signalled via BetMGM’s website, where a page dedicated to tools to prevent gambling harm now has a section just for BetBlocker. BetBlocker is an app that allows users […]
Meta Platforms narrowed its annual capital expenditures forecast on Wednesday, driven by the social media giant’s high-stakes push for “superintelligence” in the heated AI race, sending its shares up nearly 9% in extended trading. The Facebook and Instagram parent now expects capital expenditures to be between $66 billion and $72 billion, compared with its prior projection of $64 […]
