Jamie Dimon to JPMorgan: You Need Me More Than I Need You
The Wall Street Journal reports JPMorgan CEO and Chairman Jamie Dimon has threatened to leave the company if shareholders vote the split up his two positions.
market news
Fed to Wind Down Stimulus Program, but When?
The Fed's bond-buying program has been one of the main drivers of the market rally over the past nine months. Now the central bank has reportedly decided on its next move.
Fast Food Chains Vie for Thrifty Diners Amid Low Growth
McDonald's, Burger King and Wendy's are fighting for cash-strapped customers. With growth sluggish and beef prices high, the dollar menu and chicken items are points of focus.
JPMorgan Sued by California Over Credit Card Robosigning
JPMorgan Chase has been sued by the state of California for allegedly using robo-signing and other illegal practices to collect debts from 100,000 credit card holders.
It's Electric! Tesla Motors Shifts Into Profitability
A business can’t have a much better week than Tesla Motors'. The electric car maker posted its first-ever quarterly profit and received Consumer Reports’ best-ever score.
Markets at Record Levels; More Bad News for J.C. Penney
The Dow Industrials closed yesterday above the 15,000 level for the first time. It's the Dow's 16th record this year. The S&P 500 also set another record.
With 15,000 in the Bag, What's Next for the Dow?
Now that the Dow Jones industrial average has pushed past 15,000, what's next? Four market experts give their views.
Dow Has Its First Close Above 15,000 Points
The Dow Jones industrial average is punching through another milestone: its first close above 15,000. The Dow rose 87 points to 15,056 points Tuesday, a gain of 0.6 percent.
Health Care Inflation Slows; Will It Last?
Since the recession hit, medical inflation has been roughly 3%, far less than the 7.4% long-term average from 1980 through 2008. Could this mean lower costs into the future?
Apple Stock Heats Up Again; Windows 8 Broken?
After a seemingly endless series of downgrades by Wall Street analysts, Barclay's has raised its price target on Apple stock to $525. It closed yesterday at $460.
Shares of Video Game Makers Soar Amid Sluggish Sales
Sales of video games and consoles have been sluggish, but shares of the game makers are soaring as investors focus on what they hope will be an exciting future.
Ray Irani, Billion-Dollar Oil Executive, Ousted
Ray Irani, 78 year-old chairman of Occidental Petroleum, sparked shareholder ire because he tried to oust the man who replaced him as CEO. Irani was forced to exit instead.
Dow, S&P 500 Close at Record Levels After Jobs Report
The Dow and S&P 500 advanced to all-time closing highs on Friday, with major indexes jumping 1 percent after an unexpectedly strong April jobs report.
Sell in May and Go Away? What Recent History Says
Sell in May and go away: Sage advice, or an old wives’ tale? Let's look at recent history to find out if there's truth to this market aphorism.
JPMorgan Facing Multiple Federal Investigations
At least eight federal agencies are reportedly investigating JPMorgan Chase for a broad variety of misdeeds, from improper debt collection to staying quiet on Bernie Madoff.