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Bank of America is about to report earnings – here’s what Wall Street expects

Bank of America is about to report earnings – here’s what Wall Street expects

Business News

Brian Moynihan, CEO of Bank of America, leaves the U.S. Capitol after a meeting with Republican members of the Senate Banking, Housing and Urban Affairs Committee on the issue of debanking on Thursday, February 13, 2025.  Tom Williams | Cq-roll Call, Inc. | Getty Images Bank of America is scheduled to report third-quarter earnings before […]

Bank of America is about to report earnings – here’s what Wall Street expects Read More »

Most U.S. consumers expect higher holiday prices and a weaker economy, survey finds

Most U.S. consumers expect higher holiday prices and a weaker economy, survey finds

Business News

As the peak holiday shopping season approaches, most U.S. consumers have a downbeat outlook on the economy, according to an annual Deloitte survey published on Wednesday. Most consumers surveyed — 57% — said they expect the economy to weaken in the year ahead, the consulting firm found in a poll of roughly 4,000 respondents. That

Most U.S. consumers expect higher holiday prices and a weaker economy, survey finds Read More »

Walmart teams up with OpenAI to allow purchases directly in ChatGPT

Walmart teams up with OpenAI to allow purchases directly in ChatGPT

Business News

Serene Lee | SOPA Images | Lightrocket | Getty Images Walmart said Tuesday it has struck a deal with OpenAI to allow shoppers to make faster purchases directly through artificial intelligence chatbot ChatGPT. With the move, the retail giant and largest U.S. grocer is trying to keep up with changes in how consumers discover items to buy. Along

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‘The job is stressful enough’: Air traffic controllers get partial paychecks as government shutdown heads for third week

‘The job is stressful enough’: Air traffic controllers get partial paychecks as government shutdown heads for third week

Business News

An airplane takes off the control tower at Reagan National Airport in Arlington, Virginia, on Oct. 8, 2025. Brendan Smialowski | AFP | Getty Images U.S. air traffic controllers have received partial paychecks, their union said Tuesday, and they could miss their next paychecks altogether if the shutdown lasts another two weeks. “The job is

‘The job is stressful enough’: Air traffic controllers get partial paychecks as government shutdown heads for third week Read More »

Jamie Dimon says auto company bankruptcies reveal ‘early signs’ of excess in corporate lending

Jamie Dimon says auto company bankruptcies reveal ‘early signs’ of excess in corporate lending

Business News

Jamie Dimon, CEO of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, D.C., on March 12, 2025. Al Drago | Bloomberg | Getty Images JPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that corporate lending standards grew too lax in the

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Rockefeller Capital secures backing from Chanel dynasty’s family office and others

Rockefeller Capital secures backing from Chanel dynasty’s family office and others

Business News

Greg Fleming, Rockefeller Capital Management president and CEO, speaks during CNBC’s ‘Squawk Box’ on July 10, 2025. CNBC Rockefeller Capital Management, the wealth manager born from John D. Rockefeller’s family office, has raised new funds from investment firms of other ultra-rich families, CNBC has learned. On Tuesday, Rockefeller plans to announce the recapitalization and its

Rockefeller Capital secures backing from Chanel dynasty’s family office and others Read More »

Goldman Sachs tops estimates on better-than-expected investment banking, bond trading

Goldman Sachs tops estimates on better-than-expected investment banking, bond trading

Business News

David Solomon, CEO Goldman Sachs, speaking on CNBC’s Squawk Box on April 22nd, 2025. CNBC Goldman Sachs reported third-quarter earnings before the opening bell Tuesday. Here’s what the company reported compared with what Wall Street analysts surveyed by LSEG were expecting: Earnings per share: $12.25, vs. expected $11 a share Revenue: $15.18 billion, vs. expected

Goldman Sachs tops estimates on better-than-expected investment banking, bond trading Read More »

GM to take .6 billion charge related to EV pullback

GM to take $1.6 billion charge related to EV pullback

Business News

A Chevrolet Silverado EV and a Chevrolet Brightdrop, which is assembled in Canada, are seen on display at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2025.  Carlos Osorio | Reuters DETROIT — General Motors’ third-quarter results next week will include a $1.6 billion impact from its all-electric vehicle plans not playing out

GM to take $1.6 billion charge related to EV pullback Read More »

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