Breaking News: Markets

JPMorgan Chase & Co. headquarters in New York, US, on Wednesday, Jan. 18, 2023.Gabby Jones | Bloomberg | Getty ImagesJPMorgan Chase cut about 500 positions this week, mostly among technology and operations groups, according to people with knowledge of the move.The cuts were spread across the New York-based firm's main divisions of retail and commercial banking, asset and wealth management and its corporate and investment bank, said the people, who declined to be identified speaking about personnel matters.Like many…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Friday's key moments. Equities rise on hopes for debt deal Watch Ford Stick with Eli Lilly 1. Equities rise on hopes for debt deal Stocks rallied Friday morning, with the S & P 500 up more than 1% and the tech-heavy Nasdaq Composite climbing 1.75%, amid investor optimism the White House and congressional Republicans could reach a deal to raise the debt ceiling as soon as today. Meanwhile, the…

The U.S. National Reconnaissance Office plans to quadruple the number of satellites on orbit over the next decade. It will need commercial space companies to help do it.The spy agency's success toward that goal will involve "a combination of our partnerships with industry, the advancement of technology, and the coincident reduction in cost of all of those systems," said NRO Director Chris Scolese, in a rare interview for CNBC's "Manifest Space" podcast."It's helped us improve our reliability so that we can achieve more…

Rafael Henrique | Lightrocket | Getty ImagesActivist investor Carl Icahn on Thursday won enough support from Illumina shareholders to oust the biotech company's board chair.Shareholders booted Chairman John Thompson. An Illumina spokesperson said a new chair will be chosen in the next few weeks.Icahn had urged shareholders to vote off the company's CEO, Francis deSouza, and Thompson from the nine-member board. DeSouza survived the proxy fight.Shareholders also voted to install one of Icahn's three board nominees, Andrew…

Jamie Dimon, chief executive officer of JPMorgan Chase, is planning his first visit to mainland China in four years as the American bank prepares to host three conferences in Shanghai at the end of May.Giulia Marchi | Bloomberg | Getty ImagesJPMorgan Chase is developing a ChatGPT-like software service that leans on a disruptive form of artificial intelligence to select investments for customers, CNBC has learned.The company applied to trademark a product called IndexGPT this month, according to a filing from the New…

A row of United Airlines passenger planes parked at gates at Denver International Airport in Denver, Colorado.Robert Alexander | Getty ImagesUnited Airlines plans to beef up its schedule and add new lounges at Denver International Airport, the carrier's bet that demand for flights at its fastest-growing hub will keep rising.United said Tuesday that it will add 35 flights at the Colorado airport this year. New nonstop routes include service to Greensboro, North Carolina; Dayton, Ohio; Lexington, Kentucky; and San Juan,…

Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, speaks during a Reuters investment summit in New York, November 7, 2019.Lucas Jackson | ReutersNEW YORK – When the bond chief of the world's biggest asset manager looks at the U.S. right now, he sees a lot to like.A combination of resilient government, corporate and consumer spending, improving homebuilder data, $1.5 trillion in excess savings and low unemployment tell BlackRock's Rick Rieder that the American economy is faring better than many…

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. ET. Here's a recap of Monday's key moments. 1. Stocks mixed Stocks were mixed Monday morning ahead of negotiations between President Joe Biden and House Speaker Kevin McCarthy over raising the debt ceiling . The U.S. government is hurdling toward a potential default in early June. Oil prices were mainly flat, with West Texas Intermediate crude trading at just under $72 a barrel. Treasuries yields were mostly high…

Jamie Dimon, CEO, JP Morgan Chase, during Jim Cramer interview, Feb. 23, 2023.CNBCDeposit runs have led to the collapse of three U.S. banks this year, but another concern is building on the horizon.Commercial real estate is the area most likely to cause problems for lenders, JPMorgan Chase CEO Jamie Dimon told analysts Monday."There's always an off-sides," Dimon said in a question-and-answer session during his bank's investor conference. "The off-sides in this case will probably be real estate. It'll be certain locations,…

Ford 's (F) new partnerships with top lithium producers give us more confidence that the automaker can accelerate electric vehicle production and reach its global target of 2 million EVs per year by 2026. We're also encouraged by Ford's financial roadmap for getting there, which was discussed at Monday's investor event. Ahead of its Capital Markets Day presentation, Ford announced strategic agreements with four of the world's prominent producers of lithium, a key component of EV batteries. The deals are all compliant with…