JPMorgan Chase CEO Jamie Dimon on Wednesday announced a $24 million effort to help revive American shipbuilding, his latest move under the bank’s $1.5 trillion security project aimed at bolstering industries critical to U.S. economic and national security. The figure includes $18 million in loans and $6 million in grants to finance a new submarine…
People shop for groceries at a store in Arlington, Virginia, the United States, on June 10, 2026. Li Rui | Xinhua News Agency | Getty Images Wholesale prices unexpectedly fell in June as sliding energy prices helped brighten the inflation picture, the Bureau of Labor Statistics reported Wednesday. The produce price index posted a seasonally…
To retire comfortably, Americans think they will need $1.2 million saved, according to a new survey from global investment manager Schroders. Yet just 30% of the workplace retirement plan participants surveyed said they think they’ll reach a $1 million savings mark before retiring, the survey found. More than half — 51% — said they…
Christine Lagarde, president of the European Central Bank (ECB), speaking at the ECB Forum in Sintra, Portugal on July 1st, 2026. CNBC Several consecutive days of strikes exchanged between the U.S. and Iran have once again thrown oil prices into the spotlight — and cast uncertainty on the European Central Bank’s interest rate decision next…
Ted Pick, CEO Morgan Stanley, speaking on CNBC’s Squawk Box at the World Economic Forum Annual Meeting in Davos, Switzerland on Jan. 18th, 2024. Adam Galici | CNBC Morgan Stanley is set to report second-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings per share: $2.94, according to LSEG Revenue: $19.64…
YANTAI, CHINA – JULY 14, 2026 – Containers parked at Yantai Port International Container Terminal in Yantai City, Shandong Province, China on July 14, 2026. Cfoto | Future Publishing | Getty Images China’s economy in the second quarter grew at its weakest pace since 2022, as an accelerating slide in investments deepened the strain on…
People walk with umbrellas outside of the U.S. Capitol Building on July 09, 2026 in Washington, DC. Heavy rain and lightning swept through the city on Thursday night. Finn Gomez | Getty Images A bipartisan group of senators is introducing a bill to initiate action on Social Security reform. The PROMISE Act — which stands…
Chairman and CEO of JPMorgan Chase & Co. Jamie Dimon and Goldman Sachs Chairman and CEO David Solomon. Angela Weiss | AFP | Getty Images American megabanks on Tuesday gave evidence that the global artificial intelligence boom isn’t just benefiting tech giants and chip makers. Goldman Sachs and JPMorgan Chase each posted record quarterly revenue…
A Lucid Air electric vehicle (EV) at the company’s showroom in Tysons, Virginia, US, on Saturday, Feb. 17, 2024. Samuel Corum | Bloomberg | Getty Images Lucid Motor stock fell more than 40% at one point and trading was halted for volatility multiple times Tuesday amid speculation that the company is considering new options. A…
“Gus”, a mounted Tyrannosaurus Rex skeleton, one of the largest T. rex ever found, is pictured during a press preview at the Sotheby’s Breuer building in New York, on July 1, 2026. Timothy A. Clary | Afp | Getty Images A Tyrannosaurus rex specimen sold at Sotheby’s for $50.1 million, becoming the most expensive dinosaur…