JPMorgan's profit spikes 155% as US economy booms
CNN
JPMorgan Chase is minting money as the US economy races back from the pandemic.
America's largest bank said Tuesday it hauled in $11.9 billion in profit during the second quarter, up 155% from the same period of 2020. JPMorgan's (JPM) growth was driven in part by $3 billion of net reserve releases that underscore the bank's confidence in the economic recovery.
Tech giants are in a heated race to build data centers and dominate the AI landscape. But America might not be ready for the energy demand.
With our homes and lives swarming with AI-powered devices, assistants and chatbots, a backlash is brewing.
President Donald Trump purchased up to $2 million in Netflix and Warner Bros. Discovery investments days after the announcement of a megadeal between the two media giants, among other purchases, according to a financial disclosure from the White House, renewing questions from ethics experts around potential conflicts of interest.
ChatGPT may soon serve up ads for products it thinks you’d like to buy.
Dos Equis is reviving its famous “The Most Interesting Man” advertising campaign after a decade in an effort to turn around the beleaguered brand.
The Trump administration and a consortium of governors from northeastern states are asking PJM, the country’s largest electrical grid operator, to hold a power auction as part of an effort to make technology giants pay for surging power costs from new data centers.
President Donald Trump’s proposal for a one-year, 10% cap on credit card interest rates has struck a chord in debates about affordability — and set up a potential clash with Wall Street.
The end of production for the Nissan Versa means there are no new cars priced under $20,000 — a blow to some Americans who may find themselves priced out of the market.
The Trump administration is exerting political pressure on Stars & Stripes, the independent military newspaper that informs US servicemembers worldwide.
Ashley St. Clair, the mother of one of Elon Musk’s children, sued Musk’s xAI on Wednesday, alleging that the company’s AI chatbot Grok generated sexually explicit deepfake images of her without her consent.
Hundreds of millions of dollars that the United States is raising from the sale of Venezuelan oil is being sequestered in Qatar. It’s an indirect path that could speed the flow of much-needed money to Venezuela, but it also raises questions about the transparency surrounding those funds.
Tess Coward, a 27-year-old PR professional based in New York City, woke up feeling under the weather on Wednesday. But without the ability to make phone calls or receive text messages, she couldn’t get in touch with her doctor or log into the provider’s patient portal.
The average 30-year fixed mortgage rate was 6.06% for the week ending January 15, according to Freddie Mac. The last time home borrowing rates were this low was September 2022.