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An exterior view of the new JPMorgan Chase global headquarters building at 270 Park Avenue on Nov. 13, 2025 in New York City. Angela Weiss | AFP | Getty ImagesJPMorgan Chase has secured deals ensuring it will get paid by the fintech firms responsible for nearly all the data requests made by third-party apps connected to customer bank accounts, CNBC has learned.The bank has signed updated contracts with fintech middlemen that make up more than 95% of the data pulls on its systems, including Plaid, Yodlee, Morningstar and Akoya, according to JPMorgan spokesman Drew Pusateri.”We’ve come to agreements that will…

Walmart CEO is retiring in January, handing the reins to the head of the retailer’s US division, John Furner, on February 1, the company said Friday.McMillon has served as CEO since 2014 and has been with the company for more than 40 years.”I’ve worked with John for more than 20 years. His love for our associates and this company runs deep,” McMillon said in a statement. He said Furner is “uniquely capable of leading the company through this next AI-driven transformation,” and described him as “a merchant, an operator, an innovator, and a builder.”Shares of Walmart stock slid following the…

2025-11-14T14:28:01.248Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link 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. The US minted its last penny on November 12, ending a 232-year tradition. The Treasury said it was ending penny production due to high costs and limited practical use. Rare penny editions, like the 1943 Lincoln cent, remain valuable to coin collectors. The US penny is officially dead.First produced…

Finding the right talent for your business is one of the most important responsibilities of any founder, owner, or manager. And finding the right people to help you discover that talent can go a long way to making sure you get the right fit.Business Insider teamed up with Plant-A Insights, a leading insights and technology company that publishes business rankings in cooperation with world-class media brands, to find the 750 top recruiting firms in America. The list covers firms that can help find employees from temp services to the C-suite, in industries from tech to finance to healthcare, based all…

What gives Michael Burry his rizz?Short-sellers have long been despised by the retail investing crowd, who have often taken bullish positions on the stocks short-sellers are betting will fall. Inside Business stories reveal the inner workings of companies from Silicon Valley to Wall Street that are shaping our world today. “The Big Short” investor, though, seems to be an exception.The founder of Scion Asset Management skyrocketed to fame after successfully predicting the 2008 market crash. His ability to beat Wall Street banks at their own game is a source of inspiration for a lot of retail investors. It earned him enduring…

Walmart CEO Doug McMillon is retiring early next year, after overseeing the top U.S. retailer’s transformation into an e-commerce behemoth, the company said Friday in a filing.The longtime CEO will be succeeded by John Furner, the Walmart U.S. CEO, on Feb. 1, according to the filing.McMillon, who stepped into the top role at Walmart in February 2014, will officially retire as of Jan. 31. He will continue to serve as an executive officer of the company and be employed by Walmart as an advisor through Jan. 31, 2027.Furner, 51, has been the CEO of Walmart’s U.S. business since 2019. In…

The New Jersey Devils celebrate after Simon Nemec #17 scores the game-winning-goal in double overtime of Game Three of the First Round of the 2025 Stanley Cup Playoffs against the Carolina Hurricanes at Prudential Center on April 25, 2025 in Newark, New Jersey.Andrew Maclean | National Hockey League | Getty ImagesA version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox.For the ultra-wealthy, sports teams have evolved from status symbols to mainstream investment assets, according to a new survey…

Warren Buffett’s shareholder weekend in Omaha this May, and Anthony “The Mooch” Scaramucci’s crypto-heavy SALT conference in London last week, might seem like two different worlds — but they had more in common than you’d think.The famed investor and Berkshire Hathaway CEO welcomes tens of thousands of his shareholders to his hometown each year, hosting them in a vast arena with scores of concession stands and heaps of bargain merchandise.By contrast, the hedge fund manager’s SkyBridge Alternatives Conference was held in a grand Mayfair hotel, where guests were plied with endless hors d’oeuvres served by a platoon of waiters in…

A new Brookings Institution paper suggests that the artificial intelligence revolution may unfold like a classic boom-and-bust cycle — albeit not in markets, but in wages.At first, automation could boost pay as workers become more productive alongside smarter tools.However, as AI systems master more tasks, the demand for human workers in those areas could decline, potentially pushing people into lower-value or slower-growing jobs — and erasing those early gains.In simulations, Konrad Kording, a University of Pennsylvania Integrates Knowledge (PIK) professor of Neuroscience, and Ioana Marinescu, an associate professor at Penn’s School of Social Policy & Practice, found that “automation in…

Shoppers walk through Manhattan on Nov. 7, 2025, in New York City.Spencer Platt | Getty ImagesHigh-income consumers are trading down, Gen Z is spending less, and low-income shoppers are still struggling, according to many consumer companies that shared their latest quarterly results in recent weeks.Those trends may not bode well for the big-box and mall retailers that have yet to report their earnings. That is, unless the strength of their brands — or high-income consumers who see their products as a good deal — help them transcend the gloomier consumer climate.While the Atlanta Fed’s GDPNow tracker is projecting 4% U.S.…