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JPMorgan names Doug Petno and Troy Rohrbaugh co-presidents as longtime exec Marianne Lake exits
The moves would appear to make Doug Petno and Troy Rohrbaugh the most obvious possible successors to JPMorgan Chase CEO Jamie Dimon.
Judge says lawsuit against Trump DOJ ‘anti-weaponization’ fund will proceed
A federal judge on Thursday said a lawsuit challenging the Department of Justice’s creation of a $1.8 billion “Anti-Weaponization” fund will proceed, citing the DOJ’s refusal to confirm in writing to her that the fund is dead. Read more Rafael Nadal says he won’t return to pro tennis following Serena Williams’ comeback Judge Leonie Brinkema, […]
Rafael Nadal says he won’t return to pro tennis following Serena Williams’ comeback
Rafael Nadal told CNBC Sport he has closed the chapter on playing pro tennis forever.
Iranian leader scoffs at Trump claim that Iran must buy U.S. farm products with unfrozen assets
“The only crop we’re harvesting is what you planted: decades of mistrust,” Iranian parliament speaker Mohammad Bagher Ghalibaf said in a social media post.
Luxury spending now driven by experiences and ‘inheritourism’
While luxury goods sales are expected to grow between 1% and 4%, experiences are on track for growth of between 3% and 7% this year, according to a new report.
U.S. judge blocks Trump’s mail-in voting executive order
The order followed Trump’s years-long effort to undermine faith in U.S. elections, including the false claim that his 2020 loss was the result of voter fraud.
GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling
The new GMC Sierra trucks are crucial to GM’s sales and earnings, especially highly profitable luxury Denali and off-road AT4 models.
Bayer wins Supreme Court case making it harder to sue over glyphosate in Monsanto’s Roundup
Glyphosate, used in Roundup weedkiller, is the most commonly used weedkiller in agriculture, and it has long been linked to cancer claims.
Federal Reserve says U.S. banks can withstand $708 billion in losses amid overhaul of capital rules
The Fed’s annual exercise comes at a pivotal moment for bank regulation because, unlike previous years, the results will not affect capital requirements.
Trump meets defense CEOs as Iran operations strain U.S. missile stockpiles
The White House is pressing major defense firms to expand missile and munitions output as Iran talks and weapons stockpile concerns put new pressure on the Pentagon’s industrial base.