Author: Daniel snow
JPMorgan Chase will increase its dividend by 7%, well above the 3% projection, after banks sailed through the Fed’s annual stress tests. Source link
Speaker of the House Mike Johnson (R-LA) speaks with reporters as he returns to his office after going to the House Rules Committee as it holds a hearing to consider the One, Big, Beautiful Bill Act at the U.S. Capitol on July 01, 2025 in Washington, DC. House Republicans began their work on the legislation less than two hours after the Senate passed its version. Chip Somodevilla | Getty Images News | Getty ImagesRepublican leaders in the U.S. House are racing to hold a vote Wednesday on President Donald Trump’s marquee domestic policy package, but weather woes and persistent GOP…
Investors have a new top concern as the second half of the year kicks off. Source link
Microsoft CEO Satya Nadella speaks at Microsoft Build AI Day in Jakarta, Indonesia, on April 30, 2024.Adek Berry | AFP | Getty ImagesMicrosoft said Wednesday that it will lay off about 9,000 employees. The move will affect less than 4% of its global workforce across different teams, geographies and levels of experience, a person familiar with the matter told CNBC.The announcement comes on the second day of Microsoft’s 2026 fiscal year. Executives at the Redmond, Washington-based company typically unveil reorganizations at the time of the new fiscal year.”We continue to implement organizational changes necessary to best position the company and…
Prime Minister Keir Starmer on Wednesday declined to say Chancellor Rachel Reeves would be in her position through the next election, when asked by Conservative leader Kemi Badenoch. Source link
Six months after wind-whipped wildfires killed 30 people and destroyed thousands of homes and businesses in and around Los Angeles, the scenes in Altadena and Pacific Palisades are still horrific, with block after block of burned out homes and businesses. But every so often, there are small signs of rebirth, from a property owner cleaning up their lot, or workers repairing a home that was merely damaged. Occasionally, one can even see homes being rebuilt — the owner having navigated the complicated permitting process, and, crucially, having managed to obtain insurance.”The situation in insurance has actually been remarkably stable, considering everything…
Paramount Global’s $8 billion merger with Skydance Media has faced opposition from the Trump administration. Source link
Tesla Model Y electric vehicles are collected from the Tesla Gigafactory Berlin-Brandenburg by a car transporter.Patrick Pleul | Picture Alliance | Getty ImagesTesla reported over 384,000 vehicle deliveries in the second quarter, a 14% decline from a year ago, and the second straight quarterly drop.Shares rose 5%.The electric vehicle maker reported 443,956 deliveries and production of 410,831 vehicles.during the same period last year.Here are the key numbers:Total deliveries Q2 2025: 384,122 vehiclesTotal production Q2 2025: 410,244 vehiclesWall Street analysts were expecting Tesla to report deliveries of around 387,000 according to FactSet.Deliveries in the first quarter of 2025 dropped 13% from a…
How thinness as a virtue shifts from debauchery to conservatism. Source link
A legendary investor known for contrarian bets says the best against-the-grain trade available at the moment would be to buy Chinese stocks. Source link