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Earnings

Paramount Global announces it will cut 15% of U.S. workforce, shares rise on second-quarter earnings

August 10, 20240

The Paramount Studios in Los Angeles on April 29, 2024.Eric Thayer | Bloomberg | Getty ImagesParamount Global is cutting 15% of its U.S. workforc...

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Business

JPMorgan Chase is giving its employees an AI assistant powered by ChatGPT maker OpenAI

August 10, 20240

JPMorgan Chase has rolled out a generative artificial intelligence assistant to tens of thousands of its employees in recent weeks, the initial p...

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Finance

Italy looks like fertile ground for a mega merger deal in banking

August 9, 20240

Banking analysts assess the possibility of a banking merger in Italy.Bloomberg | Bloomberg | Getty ImagesMILAN, Italy — European policymakers hav...

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Economy

Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut

August 9, 20240

Jeremy SiegelScott Mlyn | CNBC Wharton School Professor Jeremy Siegel no longer thinks it's vital for the Federal Reserve to implement an emergen...

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Earnings

E.l.f. Beauty sales jump 50% on gains in color cosmetics and skin care, launch of Bronzing Drops serum

August 9, 20240

E.l.f. Beauty's growth story is still going.The cosmetics retailer on Thursday blew past quarterly estimates again, posting a 50% gain in sales.&...

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Business

Boeing’s new outsider CEO Ortberg takes the helm, this time from the factory floor

August 9, 20240

Robert K. "Kelly" Ortberg is the Boeing's new president and chief executive officer, effective August 8, 2024. Ortberg will also serve on Boeing'...

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Finance

Jamie Dimon says he still sees a recession on the horizon

August 8, 20240

JPMorgan Chase CEO Jamie Dimon said Wednesday he still believes that the odds of a "soft landing" for the U.S. economy are around 35% to 40%, mak...

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Economy

No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says

August 8, 20240

Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the com...

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Earnings

Warner Bros. Discovery stock falls as it writes down $9.1 billion, misses estimates

August 8, 20240

A sign outside of the Warner Brothers Discovery Techwood Turner Broadcasting campus is seen on June 26, 2024 in Atlanta, Georgia. Kevin Diet...

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Business

Federal safety hearing over 737 Max blowout puts Boeing, Spirit AeroSystems factories in spotlight

August 7, 20240

Jennifer Homendy, Chair of the National Transportation Safety Board, speaks during investigative hearing, into the blowout of a left mid exit doo...

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