JPMorgan isn’t convinced that Bill Ackman’s vision to transform real estate developer Howard Hughes Holdings into a “modern-day” Berkshire Hathaway will soon prove fruitful. The Wall Street investment bank downgraded its rating on Howard Hughes to neutral from overweight Monday after Ackman’s Pershing Square struck a deal in May to boost its holding to nearly…
Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview on the sidelines of the JPMorgan China Summit in Shanghai, China, on Thursday, May 22, 2025. Qilai Shen | Bloomberg | Getty Images Once a laggard in the online investing game, JPMorgan Chase now believes it is a leader. The…
People seen around the Starbucks coffee store in Shenzhen, China. Jakub Porzycki | Nurphoto | Getty Images U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained the information. Starbucks has held preliminary talks with more…
[The stream is slated to start at 10a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell delivers his semiannual monetary policy testimony to congressional leaders, starting Tuesday with an appearance before the House Financial Services Committee. In prepared remarks, Powell noted the…
Kate Ryder, CEO of Maven, speaking at the CNBC Changemakers Summit in New York on April 18th, 2024. Danielle DeVries | CNBC Women’s and family health platform Maven Clinic is partnering with smart ring maker Oura, a step forward in the integration of the increasing amount of data being collected by wearable devices and clinical…
A worker unloads boxes from an Amazon delivery van in San Francisco on Oct. 24, 2024. David Paul Morris | Bloomberg | Getty Images Amazon is expanding its rapid delivery machine to more rural corners of the U.S. The company said Tuesday it plans to bring same- or next-day delivery to more than 4,000 smaller…
Russia’s Security Council’s Deputy Chairman Dmitry Medvedev attends a meeting of the Council for Science and Education at the Joint Institute for Nuclear Research in the Moscow region’s city of Dubna, Russia June 13, 2024. Alexei Maishev | Via Reuters President Donald Trump on Monday lashed out at former Russian President Dmitry Medvedev for claiming…
A faster growth outlook could translate into sizable gains ahead for Electronic Arts shares, Roth Capital wrote Tuesday. The research firm upgraded the video game company to buy from neutral and hiked its price target 6%, to $185 from $175, implying about 20% upside from Monday’s close. “Sports remains a blue-chip cornerstone for the company’s…
Shares of Kroger rose more than 9% on Friday as the supermarket operator raised its full-year sales outlook and said it’s drawing shoppers seeking lower-priced store brands and cheaper alternatives to dining out. The Cincinnati-based grocer said it now expects identical sales, excluding fuel, to increase by 2.25% and 3.25% year over year, higher than…
U.S. President Donald Trump walks to board Marine One before departing from the South Lawn of the White House in Washington, DC on June 24, 2025, to attend the NATO’s Heads of State and Government summit in The Hague. Mandel Ngan | Afp | Getty Images The U.S. and President Donald Trump are totally committed…
