JPMorgan Chase on Friday posted second-quarter profit and revenue that topped analysts' expectations as investment banking fees surged 52% from a year earlier.Here's what the company reported:Earnings: $4.26 per share adjusted vs. $4.19 estimate of analysts surveyed by LSEGRevenue: $50.99 billion vs. $49.87 billion estimateThe bank said earnings jumped 25%...
Category: News
Costco hikes membership fee for the first time since 2017
Customers exit a Costco store in Teterboro, New Jersey, on June 28, 2023.Kena Betancur | Corbis News | Getty ImagesYou will soon have to pay more if you want to shop at Costco.The membership-based warehouse club said Wednesday that it will increase its membership fee by $5 in the U.S....
Saks Fifth Avenue parent HBC to acquire Neiman Marcus Group in $2.65 billion deal
Saks Fifth Avenue store at the Waterside Shops. John Greim | Lightrocket | Getty ImagesSaks Fifth Avenue parent HBC said on Thursday it will acquire Neiman Marcus Group in a $2.65 billion deal combining the storied retailers.The combination will establish Saks Global, which will include Saks Fifth Avenue, Saks OFF 5TH,...
Boeing delays Starliner return by ‘weeks’ for testing, NASA says astronauts aren’t stranded
Boeing's Starliner spacecraft is pictured docked to the International Space Station orbiting above Egypt's Mediterranean coast on June 13, 2024.NASANASA and Boeing are further extending the first Starliner crewed flight but are not yet setting a new target date for returning the capsule to Earth, the organizations announced Friday.Boeing's Starliner...
How Delta made itself America’s luxury airline โ and what United wants to do about it
A Boeing 767 passenger aircraft of Delta Air Lines arrives from Dublin at JFK International Airport in New York as the Manhattan skyline looms in the background on Feb. 7, 2024.Charly Triballeau | Afp | Getty ImagesDelta Air Lines is the country's most profitable airline. CEO Ed Bastian's challenge is...