Author: Editor

Market volatility and geopolitical tensions haven’t slowed demand for private jets, although the travel patterns of the wealthy are changing, according to the president of NetJets. The summer travel season is shaping up to be another strong year for NetJets, with wealthy Americans traveling both within the U.S. and Europe, NetJets President Patrick Gallagher told CNBC. “In terms of what we see in future demand, there’s really been no signs of slowdown, even in this period of market volatility and uncertainty and tariff concerns,” Gallagher said. “We watch all the leading indicators very closely: How much are our existing customers…

Shares of Kroger rose about 9% on Friday as the supermarket operator raised its full-year sales outlook and said it’s drawing shoppers seeking lower-priced store brands and cheaper alternatives to dining out.The Cincinnati-based grocer said it now expects identical sales, excluding fuel, to increase by 2.25% and 3.25% year over year, higher than its previous expectations for an increase of between 2% and 3%. Identical sales is an industry-specific metric that takes out one-time factors, such as store openings, closures and renovations. Kroger include stores and delivery sales in regions that have been in operation for five full quarters in…

The Senate Parliamentarian has rejected the provision in the Trump tax bill that would have eliminated the Public Company Accounting Oversight Board and transferred its responsibilities to the Securities and Exchange Commission, ruling it ineligible for passage under a streamlined reconciliation procedure.The move had threatened to shutter the PCAOB within one year. Last month, the House passed the wide-ranging One Big Beautiful Bill Act, which contained provisions relating to taxes, border security, the debt limit, the PCAOB and more. Senate Republicans have been planning to use a budget reconciliation procedure to pass the bill by a simple majority without needing…

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during a Bloomberg Television interview on the sidelines of the JPMorgan China Summit in Shanghai, China, on Thursday, May 22, 2025. Qilai Shen | Bloomberg | Getty ImagesOnce a laggard in the online investing game, JPMorgan Chase now believes it is a leader.The bank on Friday is set to unveil new tools that allow investors to research and purchase bonds and brokered CDs through its mobile app, CNBC is first to report.Users can set up customized screens and compare bond yields on the same banking app or web portal that…

Customers enter an Olive Garden restaurant in Pittsburg, California, US, on Friday, Dec. 9, 2022.David Paul Morris | Bloomberg | Getty ImagesDarden Restaurants on Friday beat Wall Street’s earnings and revenue estimates, while the Olive Garden parent predicted solid growth for fiscal year 2026.Shares of Darden rose more than 2% in premarket trading Friday.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:Earnings per share: $2.98 adjusted vs. $2.97 expectedRevenue: $3.27 billion vs. $3.26 billion expectedDarden reported fiscal fourth-quarter net income of $303.8 million, or $2.58 per share, compared with…