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JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects
Stocks News

JPMorgan Chase is set to report first-quarter earnings – here’s what the Street expects

JPMorgan Chase reports first-quarter earnings before the bell on Tuesday. JPM executives will host a call with analysts at 8:30 a.m. ET. JPMorgan Chase is scheduled to report first-quarter earnings before the opening bell Tuesday. This also touches on aspects of bull market. Here’s what Wall Street expects: Revenue: $49.17 billion, according to LSEG Furthermore, […]

The Iran war could cost the American taxpayer $1 trillion, says Harvard academic
Stocks News

The Iran war could cost the American taxpayer $1 trillion, says Harvard academic

After the first six days, the war in Iran racked up costs of $11.3bn, according to the Pentagon. But one academic believes the total cost will prove much higher, potentially reaching $1 trillion over the next decade. Such outlays will exacerbate the proliferating U.S. fiscal deficit, says Professor Linda Bilmes. The Iran war could end […]

Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested
Stocks News

Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested

Longtime conservative nationalist leader Viktor Orbán lost the election to one of his former allies, Peter Magyar, in an election on Sunday. Magyar’s win has been welcomed in Europe but will be a blow to Moscow and Washington. Russia and the U.S. had valued eurosceptic Orbán as a kindred spirit in Europe. The ousting of […]

Ineos Automotive: Startup backed by a knighted billionaire and soccer mogul wants to rekindle the rugged SUV sector
Stocks News

Ineos Automotive: Startup backed by a knighted billionaire and soccer mogul wants to rekindle the rugged SUV sector

Ineos Automotive, a startup backed by British billionaire James Ratcliffe, has set its sights on growing its U.S. business. The automaker has plans to grow sales in the U.S. by roughly 30% to 35% year over year, as well as a target to achieve breakeven this year, executives exclusively told CNBC. It’s also “fully looking […]

Delta Air Lines unveils first novel Delta One suite in premium cabin arms race
Stocks News

Delta Air Lines unveils first novel Delta One suite in premium cabin arms race

Delta is unveiling the first update to its Delta One suite in about a decade. The airline is logging a bigger portion of its revenue from premium seating compared with main cabin sales. Delta Air Lines on Monday unveiled an updated Delta One suite for some of its longest-haul planes, marking its first refresh of […]

Middle East oil production plunges due to Iran war, OPEC data shows
Stocks News

Middle East oil production plunges due to Iran war, OPEC data shows

Oil production has dropped sharply in Saudi Arabia, Iraq, the United Arab Emirates and Kuwait due to the Iran war, according to OPEC’s monthly report. This also touches on aspects of bull market. Production in Iran, meanwhile, has edged slightly lower. Oil executives and analysts have warned that it will take months for the Gulf […]

OpenAI touts Amazon alliance in memo, says Microsoft has 'limited our ability' to reach clients
Stocks News

OpenAI touts Amazon alliance in memo, says Microsoft has 'limited our ability' to reach clients

OpenAI revenue chief Denise Dresser sent a memo to staffers on Sunday, touting the company’s partnership with Amazon as a key way it will expand its enterprise economy share. The memo, viewed by CNBC, comes less than two months after Amazon published plans to invest up to $50 billion in OpenAI as part of a […]

LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war
Stocks News

LVMH sales miss expectations as luxury recovery is put on pause amid Middle East war

Organic sales grew 1% in the first quarter, but analysts surveyed by FactSet had expected 1.5% growth in the March quarter.  The Middle East conflict had a 1% negative impact on organic growth in the quarter, LVMH remarked Monday. Luxury has shown some signs of a long-awaited recovery after a years-long slump prompted by soft […]

Revolution Medicines says its potential breakthrough pancreatic cancer drug succeeds in late-stage trial
Stocks News

Revolution Medicines says its potential breakthrough pancreatic cancer drug succeeds in late-stage trial

Revolution Medicines stated its pancreatic cancer drug daraxonrasib succeeded in a Phase 3 trial. RevMed noted its drug almost doubled the typical length of survival and slashed the risk of death by 60% versus chemotherapy. The corporation mentioned it will soon seek FDA approval using a Commissioner’s National Priority Voucher, which grants a quicker review. […]

Judge dismisses Trump $10B defamation lawsuit against Murdoch, WSJ about Epstein letter
Stocks News

Judge dismisses Trump $10B defamation lawsuit against Murdoch, WSJ about Epstein letter

A Florida federal court judge tossed out a $10 billion defamation lawsuit by President Donald Trump against media baron Rupert Murdoch and The Wall Street Journal. Furthermore, experts in dividends note the continued relevance. Trump claimed he was defamed in a Journal article that stated he sent a birthday letter to Jeffrey Epstein, his then-friend. […]

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