Illinois’ football stadium will be known as Gies Memorial Stadium after alumnus and philanthropist Larry Gies made a $100 million donation to the school’s athletic department. The school announced Tuesday the gift is the largest in the athletic program’s history. Gies’ name is also on the university’s College of Business. Gies is the founder and…
One Wall Street strategist is wary of the near-term market outlook, even as the consensus grows more optimistic. JPMorgan equity strategist Dubravko Lakos-Bujas is worried the S & P 500 could suffer a near term pullback of roughly 5% to 8%, equal to the benchmark index slumping as low as 6,200 or 6,000, respectively, and…
An Embraer SA E190-E2 passenger aircraft stands on display on day two of the Farnborough International Airshow (FIA) 2018 in Farnborough, U.K., on Tuesday, July 17, 2018. Bloomberg | Bloomberg | Getty Images Brazilian airplane maker Embraer has landed its first U.S. sale of its efficient but slow-selling E2 jets with a 50-plane deal from…
Novo Nordisk ‘s move to cut 9,000 jobs could mark the first step in a critical overhaul of the ailing Wegovy weight-loss drug maker, according to analysts. The pharmaceutical giant on Wednesday announced plans to trim 11.5% of its workforce, largely in its Danish home market. It marks the first major shake-up under new CEO…
Wells Fargo CEO Charles Scharf said Wednesday that while corporations and higher-income consumers are thriving, lower income Americans are struggling to stay afloat. The bank’s data shows that “companies are in really great shape” and spending and debt repayment rates among all income levels has been steady, but there are signs of stress among lower…
Oracle stock roared 40% higher Wednesday, after reporting gobsmacking cloud demand numbers, setting the company on track for a historic gain. The cloud giant is on pace for its best day since 1992, and is now quickly approaching the $1 trillion market cap benchmark. Oracle is now at $950 billion. The company said it has $455…
Stephen Miran, chairman of the Council of Economic Advisers, following a television interview outside the White House in Washington, DC, US, on Tuesday, June 17, 2025. Aaron Schwartz | Bloomberg | Getty Images The Senate Banking Committee is set to vote Wednesday morning on whether to advance the nomination by President Donald Trump of Stephen…
Is the Big 12 in danger of becoming a one-bid conference for the College Football Playoff again? Saturday began on a hopeful note for the Big 12, but Week 2 ultimately took a turn for the worse. No. 12 Arizona State was upset by Mississippi State. Kansas blew a lead to Missouri. West Virginia and…
Wall Street once again sees the possibility of a super-sized rate cut by the Federal Reserve next week. The producer price index unexpectedly fell 0.1% in August . Economists polled by Dow Jones expected a gain of 0.3%. Following the report, the chance of a 50 basis-point rate cut increased to 10.2% from 7% the…
Fintech company Pipe is partnering with Uber in a new effort to help small businesses acquire loans with fewer barriers to access, CNBC has learned. Pipe is teaming up with Uber Eats to add its embedded technology to the company’s restaurant manager app. Eligible restaurants will see pre-approved capital offers from Pipe that are customized…
