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Robin Vince President & CEO BNY Mellon, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBCBNY, which calls itself the world’s largest custody bank, is raising a pair of key performance targets as CEO Robin Vince says a turnaround that began when he took over three years ago is taking hold.The bank is boosting its medium-term targets for pre-tax margin and return on tangible common equity by 5 percentage points each, to 38% and 28% respectively, according to materials provided by the bank.Vince, a former Goldman Sachs executive who…

A Delta Air Lines Boeing 767-332(ER).Joan Valls | Nurphoto | Getty ImagesDelta Air Lines’ earnings could jump more than 20% this year from 2025 thanks to robust travel demand, particularly at the high end of the market, and potentially reach a record, CEO Ed Bastian said.Delta on Tuesday forecast adjusted earnings per share of between $6.50 and $7.50 this year, compared with analysts’ estimate for $7.25 a share.The carrier, the first airline to report quarterly results this year, forecast an increase in sales of as much as 7% in the first three months of 2026 and adjusted earnings of between…

Early in its history, Whole Foods got some indirect help from an unlikely source: Walmart.John Mackey, who cofounded Whole Foods in 1980, told podcast host David Senra in an episode released last week that Walmart’s move into groceries in the late ’80s helped the grocery chain find a wider audience.In its early years, Whole Foods served a niche market of health-conscious shoppers. Its clientele was mostly “a bunch of hippies selling food to other hippies,” Mackey said, describing one venture capitalist’s summation of the store.In 1988, however, Walmart made a move that would send ripples through the US grocery industry:…

2026-01-13T10:37:01.261Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Retailers such as Dollar General and Aldi plan major store expansions in the US in 2026. Store openings are outpacing closures so far, with nearly 300 closures announced for 2026. From Uniqlo to L.L. Bean, see what retailers have said about plans to open new stores next year. While…

Getty Images; Tyler Le/BI 2026-01-13T10:14:01.223Z Share Copy link Email Facebook WhatsApp X LinkedIn Bluesky Threads lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Business Insider is exploring the future of capitalism as American confidence in the system erodes. High school teachers are finding new ways to engage students in an increasingly politicized subject. Here’s a version of a capitalism quiz high school students take — can you ace…

Becky Pepper-Jackson, 15, poses Sunday for a photograph outside of the U.S. Supreme Court in Washington. Jose Luis Magana/AP hide caption toggle caption Jose Luis Magana/AP The Supreme Court dives back into the culture wars full steam on Tuesday with oral arguments in two cases that test laws banning transgender girls and women from participating in women’s sports at publicly funded schools. Transgender participation in sports, though extremely rare, has become the newest flashpoint in both politics and law. Especially in 2024 when the Trump presidential campaign aired attack ads on the subject more than 15,000 times, putting Democrats decidedly…

People wait outside immigration court in October 2025 in San Francisco. Minh Connors/AP hide caption toggle caption Minh Connors/AP The Trump administration is ratcheting up the pressure on immigration courts and judges as it moves toward further constricting the due process available for immigrants. Court employees and judges at the San Francisco Immigration Court received a short email last week letting them know that their court will be shutting its doors by the end of the year. All personnel will be transferred to the Concord Immigration Court, about 30 miles away, according to the email sent by Teresa Riley, the…

Klarna CEO Sebastian Siemiatkowski has expressed support for President Donald Trump’s call to cap US credit card interest rates at 10% for one year.”I think Trump is wise here and is proposing something that makes a lot of sense,” Siemiatkowski told CNBC on Monday.Siemiatkowski said traditional credit cards are designed to push consumers to put most or all of their spending on credit and carry large balances at high interest rates. That structure, he said, incentivizes people to borrow as much as possible and leads to higher losses, particularly among lower-income borrowers.”Capitalism is great, but anarchy is not,” Siemiatkowski said,…

Jamie Dimon, chief executive officer of JPMorgan Chase & Co., during the America Business Forum in Miami, Florida, US, on Thursday, Nov. 6, 2025. Eva Marie Uzcategui | Bloomberg | Getty ImagesJPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects:Earnings: $5 a share, according to LSEGRevenue: $46.201 billion, according to LSEGNet interest income: $24.99 billion, according to StreetAccountTrading Revenue: Fixed income of $5.29 billion, equities of $2.55 billion, according to StreetAccountJPMorgan will give investors a view into how consumers and corporations fared toward the end of last year and issue guidance…

I grew up on the shores of Lake Erie, in a town just south of Buffalo, New York. Ice was something we chiseled off a car in winter, not something that’s dropped into a drink. For me, life on a tropical island was a pipe dream.In high school, I was the geeky kid, always excited to read stories in Time and The New York Times about exotic, far-off places. I knew early on that I wanted a job that would allow me to experience global events firsthand.A semester abroad in France cemented my ambition. I lived with a family who…