Jamie Dimon said JPMorgan Chase could consider an acquisition worth up to $20 billion in the next few years now that it has greater flexibility from regulators to spend capital. Dimon said at an investor conference Wednesday that the bank is first focused on growing its businesses organically, and would only consider a deal that is the right fit. Executives at JPMorgan have been suggesting an openness to big acquisitions in recent months, always with plenty of caveats that the firm is focused elsewhere and might not do anything.
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Abercrombie & Fitch (NYSE:ANF) reported record first-quarter fiscal 2026 net sales and maintained its full-year outlook, even as geopolitical pressure in the Middle East and parts of Europe weighed on results in the EMEA region. Chief Executive Officer Fran Horowitz said the company delivered i
The company lost about 70% of its value as Amazon gained ground and relationships with top ad agencies soured.
Abercrombie & Fitch stock rose Wednesday after the clothing retailer reported better-than-expected quarterly earnings despite stagnant sales. Abercrombie stock jumped 9.2%. Shares had tumbled 41% this year on weaker-than-expected holiday sales and a rough fiscal-year forecast.
BURL heads into May 28 Q1 earnings results with revenues seen up 12% and 2.0 strategy momentum, but Savannah DC startup costs may hit margins.
Dycom reports adjusted earnings per share of $4.42 from sales of $2 billion. Wall Street was looking for EPS of $2.72 from sales of $1.7 billion.
Bitcoin dropped roughly 2% on Wednesday to hover near $75,500 per token.
The partnership will initially focus on scaling up supply chains for spacecraft subsystems and the companies will also evaluate a path toward industrialized satellite bus platforms.
More diversified companies are expected to adopt Bitcoin as part of treasury diversification and fiat currency hedging strategies, Grayscale’s Head of Research says.
Everywhere investors look, the warning signs seem to be multiplying. Inflation ticked higher again in the latest Consumer Price Index report from the Bureau of Labor Statistics. Producer prices are climbing, too, raising concerns companies may eventually pass those costs onto consumers. The University of Michigan’s consumer confidence index recently hit its lowest reading in ... Trump’s Bull Market is Over? Not a Chance! JPM Says S&P Can Rally 22% From Here
May 27 (Reuters) - Wall Street's main indexes opened higher on Wednesday aided by sustained AI-driven momentum, while investors were cautiously optimistic that the U.S. and Iran would reach a deal.
T. Rowe Price’s Tony Wang is looking AI for bottlenecks and finding them, and also sees returns in space and light.
By Rishika Sadam and Sai Ishwarbharath B HYDERABAD/BENGALURU, May 27 (Reuters) - U.S. carrier American Airlines Group plans to double headcount at its India technology hub to about 800 by early next
The apparel retailer's earnings per share of $1.47 topped analyst estimates by 15.7%, though revenue fell slightly short of expectations
(Bloomberg) -- Veteran market strategist Ed Yardeni of Yardeni Research dismissed concerns that US stocks are in a bubble, arguing the rally is driven by “fabulous earnings momentum” rather than speculation.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From KyivUS Strikes Targets in Ir
For its annual analysis of CEO pa y, The Associated Press used data provided by Equilar, an executive data firm. Equilar examined regulatory filings detailing the pay packages of 337 executives. Equilar looked at companies in the S&P 500 index that filed proxy statements with federal regulators between Jan. 1 and April 30, 2026.
PDD (NASDAQ:PDD) Holdings reported first-quarter 2026 revenue of RMB 106.2 billion, up 11% from a year earlier, as management emphasized a multiyear push to deepen supply chain investments and expand a new first-party brand business. On the company’s earnings call, Co-Chairman and Co-Chief Executiv
Gold fell to a two-month low early on Monday, even as the dollar dipped as oil prices weakened ahead
(Bloomberg) -- Dwelly, a UK startup that acquires real estate property managers and introduces artificial intelligence to their business, is in discussions to raise around $200 million in equity and debt financing, according to people familiar with the matter.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Dip
May 27 (Reuters) - Robinhood will allow customers to deploy AI agents to trade stocks on its platform and make purchases on its credit card, the company said on Wednesday. The company said its users will be able to create a dedicated trading account, separate from their primary one, and have their AI agents trade on their behalf.
AI disruption fears continue weighing on Salesforce even as analysts project double-digit revenue growth and significant upside potential.
The typical CEO compensation package rose nearly 6% in 2025 to $17.7 million, as company boards rewarded their top executives for bigger profits and higher stock prices, and gave them incentives to stick around and make even more money for shareholders. The Associated Press’ CEO compensation survey, which uses data analyzed for The AP by Equilar, included pay data for 337 executives at S&P 500 companies who have served at least two full consecutive fiscal years at their companies, which filed proxy statements between Jan. 1 and April 30. While the biggest gaps occur at companies where the CEO received compensation loaded with one-time awards of stock, the pay ratio also tends to be highest at companies in industries where wages are typically low.
Report says prosecutors suspect Nvidia chips were routed to China through Japan.
Abercrombie (ANF) delivered earnings and revenue surprises of +16.36% and -0.48%, respectively, for the quarter ended April 2026. Do the numbers hold clues to what lies ahead for the stock?
Wall Street expects another solid quarter as sales momentum stays strong.
Costco is set to report earnings Thursday afternoon. Here's what to expect.
The brokerage’s new feature links artificial-intelligence tools to investment and credit-card accounts.
(Bloomberg) -- Robinhood Markets Inc. customers will soon be able to direct artificial intelligence agents to trade equities and make purchases on their credit cards for them.Most Read from BloombergIran’s Khamenei Says No Going Back for Middle East Rocked by WarSingapore Hands Byju's Founder His First Ever Jail TermPutin Signs Law on Use of Army to Aid Russians Detained AbroadRussia Tells US to Evacuate Its Diplomats and Citizens From KyivUS Strikes Targets in Iran Even as Trump Hails Progress