[ad_1] New York CNN — JPMorgan Chase, Bank of America, Citigroup and asset management giant BlackRock posted results that topped Wall Street’s forecasts Friday, but investors were nonetheless a little disappointed at first. Trading was choppy, with most bank stocks falling at the open before rebounding. Shares of JPMorgan Chase …
Read More »What to expect at work this year
[ad_1] New York CNN — The pandemic has transformed work over the past three years in ways few expected. It normalized remote work, created a shortage of critical workers and drove home to organizations that employees’ mental health and need for a sane work-life balance are critical to retention and …
Read More »Disney names Nike executive Mark Parker as new chairman
[ad_1] New York CNN — The Walt Disney Company has named Nike executive chairman Mark Parker as its new board chair, replacing longtime director Susan Arnold, whose term limit is expiring. Parker, a Disney board member since 2016, takes over Disney’s board at a time of transition for America’s largest …
Read More »House Oversight chairman seeks Biden family financial transaction data
[ad_1] CNN — Rep. James Comer, in one of his first moves as House Oversight Chairman, is seeking information from the Treasury Department about the Biden family’s financial transactions and calling on a handful of former Twitter executives to testify at a public hearing. The new round of letters from …
Read More »The US government is still trying to find ways to regulate Big Tech. He has some ideas
[ad_1] CNN — After years of hearings, reports and stalled proposals, Congress ended 2022 without taking major steps to regulate Big Tech. But a few blocks away in Washington, Jonathan Kanter is just getting warmed up. While the Justice Department’s top antitrust official has yet to file fresh lawsuits against …
Read More »Lovie Smith said the NFL had ‘a problem’ about Black coaches. A year later he was fired and the league is being criticized yet again about its lack of diversity
[ad_1] CNN — When Lovie Smith was hired by the Houston Texans in February 2022 as the team’s new head coach, he said the NFL had “a problem” with hiring Black coaches and diversity. “I realize the amount of Black head coaches there are in the National Football League,” Smith …
Read More »Wells Fargo is retreating from the mortgage market it once led
[ad_1] New York CNN — Wells Fargo, long one of the biggest players in the mortgage business, is taking a big step back. The scandal-ridden bank announced a significant shift on Tuesday to focus its mortgage business on serving bank customers and minority homebuyers instead of acquiring new customers. Wells …
Read More »China’s crackdown on Ant and other tech giants is ‘basically’ over, top official says
[ad_1] Hong Kong CNN — China’s heavy-handed crackdown on tech giants is coming to an end and the country’s economic growth is expected to be back on track soon, according to a top central bank official. The crackdown on fintech operations of more than a dozen internet companies is “basically” …
Read More »The US economy added 223,000 jobs in December
[ad_1] Minneapolis CNN — The US economy added 223,000 jobs in December, according to the monthly employment report from the Bureau of Labor Statistics, capping a year of extraordinary job growth and marking the second-best year for the labor market in records that go back to 1939. The unemployment rate …
Read More »A Wall Street Journal reporter was handcuffed by police while standing outside a Chase Bank. The newspaper is demanding answers
[ad_1] New York CNN — The Wall Street Journal is demanding answers from the Phoenix Police Department after an officer detained and handcuffed one of its reporters outside a Chase Bank — an incident that press freedom advocates say raises First Amendment concerns and mirrors a larger, growing hostility from …
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