A new JPMorgan Chase branch in Charlotte, North Carolina. Courtesy: JPMorgan Chase JPMorgan Chase has built 1,000 new branches in seven years. That’s more locations than most of its competitors operate in total. The bank is marking the milestone opening in Charlotte, North Carolina, on Thursday where Chairman and CEO Jamie Dimon is attending a…
Containers reflected in a puddle following a rainfall, at the Yantian port in Shenzhen, Guangdong province, China May 9, 2025. Tingshu Wang | Reuters BEIJING — China’s official gauge for manufacturing activity on Thursday pointed to a worse-than-expected contraction in July amid slower economic growth and ongoing U.S. trade tensions. The Manufacturing Purchasing Managers’ Index…
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting in June. Text removed from the June statement is in red with a horizontal line through the middle. Text appearing for the first time in the new statement is in red and underlined. Black text appears in both statements….
Check out the companies making headlines after the bell : Qualcomm — The semiconductor company fell 5% despite posting a fiscal third-quarter beat on both the top and bottom lines. Qualcomm posted adjusted earnings of $2.77 per share on revenue of $10.37 billion. Analysts polled by LSEG had expected earnings of $2.71 per share and…
WASHINGTON – A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, despite a barrage of criticism from President Donald Trump and dissents from two top officials. The Federal Open Market Committee, the group that sets the overnight borrowing rate, voted 9-2 to stay on hold. The federal funds rate will…
Check out the companies making the biggest moves midday: Harley-Davidson — The motorcycle manufacturer rallied 16% after the company announced a partnership between its financing arm and private asset manager KKR as well as Pimco. “This partnership transforms [Harley-Davidson Financial Services] into a capital-light financing business through the sale of existing and future retail loans…
Check out the companies making headlines before the bell. Starbucks — The coffee chain jumped more than 4% after CEO Brian Niccol said the company’s turnaround plan was ahead of schedule. On top of that, Starbucks reported fiscal third-quarter revenue of $9.5 billion, beating an LSEG consensus estimate of $9.31 billion. HSBC — Shares dipped…
Check out the companies making headlines before the bell: Intel — Shares of the chipmaker dropped more than 7% after Intel said it will cut 15% of its workforce and slashed plans for chip factory construction in an attempt to revitalize its artificial intelligence strategy. Intel topped second-quarter revenue results, posting $12.86 billion in revenue,…
Chinese Premier Li Qiang spoke at the opening of the World Artificial Intelligence Conference in Shanghai on Saturday, July 26, 2025. Bloomberg | Bloomberg | Getty Images SHANGHAI — The tech race between the world’s two largest economies just intensified. China on Saturday released a global action plan for artificial intelligence, calling for international cooperation…
Check out the companies making headlines in extended trading: Starbucks — The coffee chain’s shares added 3% in extended trading after revenue for the fiscal third quarter came in higher than expected. Starbucks posted revenue of $9.46 billion, while LSEG consensus estimates called for $9.31 billion. Same-store sales fell for the sixth consecutive quarter, however….