Business

JPMorgan Chase on Thursday promoted two of its top executives into newly created co-president roles, marking the latest step in CEO Jamie Dimon’s long-running succession planning while announcing the retirement of one of Dimon’s most prominent potential successors. Doug Petno and Troy Rohrbaugh, who have jointly led the bank’s commercial and investment banking division since

General view of the exterior of San Francisco Bay Area Stadium ahead of the FIFA World Cup 2026 Group B match between Qatar and Switzerland on June 13, 2026 in Santa Clara, California. Fran Santiago | Getty Images As people around the world tune into this summer’s World Cup, some of the brands generating the

HP computers at a Best Buy store on Black Friday in New York, Nov. 28, 2025. Victor J. Blue | Bloomberg | Getty Images As the global artificial intelligence race accelerates, memory chips are getting more expensive. As a result, costs of some consumer electronics are beginning to rise for retailers and consumers alike. Memory

Woman applying estrogen patch during hormone therapy. Halfpoint Images | Moment | Getty Images Estrogen patches are in short supply as demand for the menopause medications skyrockets, and it could take at least a year for manufacturers to catch up. Prescriptions of estrogen patches have increased 162% over the past two years, according to data

Key Points Rafael Nadal says he’s moved on with the next chapter of his life after retiring from tennis in 2024. A documentary about Nadal’s life, “Rafa,” debuted on Netflix on May 29. Nadal said he won’t rule out coaching down the road, but said it’s not in his near-term plans. Rafael Nadal won’t be

Filippobacci | E+ | Getty Images Luxury spending is expected to rebound this year, driven mainly by experiences rather than luxury goods, according to a new study. After two years of declines, luxury goods sales are expected to grow between 1% and 4% in 2026, according to a report from Bain & Co. and Altagamma.

2027 GMC Sierra 1500 AT4X (left) and Denali Ultimate models Courtesy GMC DETROIT – General Motors revealed its 2027 GMC Sierra 1500 pickup truck lineup on Thursday with new V-8 engine options and redesigned interior and exterior styling. The new GMC trucks are crucial to the automaker’s sales and earnings, especially the highly profitable Denali

An Olive Garden restaurant in Milpitas, California, US, on Tuesday, Dec. 16, 2025. David Paul Morris | Bloomberg | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as same-store sales growth at the company’s fine-dining restaurants and Olive Garden fell short of expectations. The company’s forecast for its fiscal 2027 earnings and revenue

Violetastoimenova | E+ | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer.Sign upto receive future editions, straight to your inbox. Donors gave an estimated $617.2 billion to U.S. charities last year, up 5.7% from the year prior

The 2026 World Cup is expected to bring a wave of global soccer fans to North America. But the travel boom is shaping up to look less like one uniform surge and more like a city-by-city, match-by-match test of pricing power. “Demand is real and positive, but it’s not evenly distributed across host cities,” said

As seen from Canaveral National Seashore, a SpaceX Falcon 9 rocket carrying 60 Starlink satellites launches from pad 39A at the Kennedy Space Center on October 6, 2020 in Cape Canaveral, Florida. This is the 13th batch of satellites placed into orbit by SpaceX as part of a constellation designed to provide broadband internet service

Close up of coastline near Palos Verdes Post_insignem | Istock | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer.Sign upto receive future editions, straight to your inbox. The SpaceX IPO is expected to mint thousands of new

Key Points Global credit activity among lenders as well as overall competitiveness of loan terms reached an all-time high in April, according to JLL. The month saw strong refinance demand and large loan placements. Data centers are driving much of the activity as the massive buildout fuels the real estate industry as well as the

The shockwaves of the Covid-19 pandemic are still hitting the U.S. car market and pushing prices up, even for exceptionally old cars. The pandemic dealt a severe blow to the total supply of new cars, which has rippled down to the used market. About 8 million vehicles that would have been made for U.S. buyers

LIV Golf CEO Scott O’Neil told CNBC Tuesday that as a funding cliff approaches, the organization has to trust Saudi Arabia’s Public Investment Fund will back the golf venture through the rest of the season as it has promised. “I can say they’ve been terrific partners so far, and you have to take an incredible

A GM energy display is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC General Motors is expanding efforts to capitalize on the expected growth of energy storage and data centers by promoting different battery cell chemistries, while also offering more support for its electric vehicle owners to

Novo Nordisk and Eli Lilly took their GLP-1 pill battle to the preeminent obesity meeting this weekend as they prepare for the next sea change in how patients receive their drugs. Novo Nordisk on Sunday announced that prescriptions of the Wegovy pill have topped 3 million since it entered the U.S. market about five months

Rivian CEO and founder RJ Scaringe (right) speaks with longtime employee and engineer Max Koff during a launch event on June 2, 2026 for the company’s R2 SUV in Park City, Utah. Michael Wayland / CNBC PARK CITY, Utah — Rivian CEO RJ Scaringe is energetic as he makes his way through displays for the

A person exits the JPMorgan Chase & Co. headquarters on Feb. 17, 2026, in New York City. Zamek | View Press | Corbis News | Getty Images JPMorgan Chase plans to deploy artificial intelligence agents later this year that can work autonomously for far longer than existing versions, marking another milestone in the corporate adoption

SpaceX signage outside the Space Exploration Technologies Corp. facility in Hawthorne, California, on June 3, 2026. Michael Yanow | Nurphoto | Getty Images A group of current and former SpaceX employees who joined forces to manage their post-IPO wealth has created a new, low-fee advisory option with Choreo, according to people familiar with the agreement.