JPMorgan COO: 'There will be a recession at some point'

Top executives from JPMorgan Chase (JPM) and Citigroup (C) said Friday they are anticipating a tougher business climate through the end of 2023 and a slowdown in core Wall Street operations. "There

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Palo Alto Networks stock rallies on S&P 500 inclusion

MARKET PULSE Shares of Palo Alto Networks Inc. rallied in the extended session Friday after S&P Dow Jones said it would include the cybersecurity platform company’s stock in the S&P 500 index Palo

Newly Signed Home Contracts Fell In New York Last Month

High mortgage rates and elevated prices are keeping would-be homebuyers in New York out of the housing market.

Bank of America says healthy consumers will buoy retail unit in 2nd qtr

By Lananh Nguyen, Saeed Azhar and Nupur Anand NEW YORK (Reuters) -Bank of America Corp expects good performance for its retail business in the second quarter, buoyed by resilient consumer demand, a

Mining giant says it underpaid workers for 13 years

Australian mining giant BHP says it underpaid current and former workers across the country for 13 years. Around 28,500 employees received less holiday than they were entitled to, a review conducted

Elon Musk is once again the world’s richest man

Arnault surpassed Musk in December, as his wealth climbed due to a boom in luxury goods sales that helped drive up LVMH’s stock price. LVMH, one of the world’s biggest conglomerates, is home to

Airlines Are Weighing Passengers for Safety Reasons After Covid

Long lines, lost baggage and lengthy delays — common features of air travel these days. Now passengers in some places are being asked to step on the scales before boarding to help airlines calibrate

As debt ceiling deal passes House, stock futures take milestone in stride

S&P 500 futures were largely unchanged after House passed a debt ceiling deal that would let U.S. avoid default. Investors have long expected a deal

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