Author: Editor

Jamie Dimon, the billionaire CEO of JPMorgan Chase, has led the massive finance company for the better part of the last two decades, driving its assets and stock value to new heights.”In the midst of the most serious and far-reaching financial crisis since the 1930s — much of it caused by plain old avarice and bad judgment — Dimon and JPMorgan Chase stood apart,” Duff McDonald, an author and journalist, wrote of Dimon in his 2009 book “Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase,” referring to the 2008 financial crisis.”Much of the melodramatic coverage of Wall…

Serene Lee | SOPA Images | Lightrocket | Getty ImagesWalmart said Tuesday it has struck a deal with OpenAI to allow shoppers to make faster purchases directly through artificial intelligence chatbot ChatGPT.With the move, the retail giant and largest U.S. grocer is trying to keep up with changes in how consumers discover items to buy. Along with purchasing items they see on social media or products recommended by retailers, shoppers are increasingly going to ChatGPT or similar AI chatbots for gift ideas or help finding the best deals.”For many years now, eCommerce shopping experiences have consisted of a search bar and a long…

BlackRock 3.0 is starting to take shape — revenues from its private markets businesses are outpacing fees coming in from its fixed-income mainstays.Despite its world-beating iShares ETF line hitting new highs in the third quarter of 2025, managing more than $5 trillion in assets after record net inflows of more than $150 billion, it’s not what the firm’s leadership is excited about.Instead, CEO Larry Fink and his team are giddy about subscriptions and a business unit that represents less than 3% of its overall asset base.The firm spent more than $27 billion to acquire private-credit giant HPS, infrastructure investor Global Infrastructure…

This as-told-to essay is based on a conversation with Laura Kerr, a hypnotherapist and founder of Elle Kay. It has been edited for length and clarity.Just over a year ago, I was working high up in our local government, managing hundreds of staff and millions of British pounds. I often worked seven days a week until two in the morning. Even when I took annual leave for vacation, I’d be getting emails and phone calls from work. It was a lot — relentless. I was completely consumed by work.At the same time, I didn’t see a way out.As a single…

Jamie Dimon, CEO of JPMorgan Chase & Co., speaks during the 2025 National Retirement Summit in Washington, D.C., on March 12, 2025.Al Drago | Bloomberg | Getty ImagesJPMorgan Chase CEO Jamie Dimon said Tuesday that bankruptcies in the U.S. auto market are a sign that corporate lending standards grew too lax in the past decade-plus.Dimon, the longtime leader of the largest U.S. bank by assets, was speaking about the recent collapse of auto parts firm First Brands and subprime car lender Tricolor Holdings.”We’ve had a credit bull market now for the better part of what, since 2010 or 2012? That’s…

Updated 2025-10-14T12:41:01Z 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. Donald Trump has brought his love of maximalism and gold furnishings to the White House He added gold embellishments to the walls and ceiling of the Oval Office and Cabinet Room. He has also renovated the Rose Garden and announced plans to build a ballroom in the East…

Greg Fleming, Rockefeller Capital Management president and CEO, speaks during CNBC’s ‘Squawk Box’ on July 10, 2025.CNBCRockefeller Capital Management, the wealth manager born from John D. Rockefeller’s family office, has raised new funds from investment firms of other ultra-rich families, CNBC has learned.On Tuesday, Rockefeller plans to announce the recapitalization and its new valuation of $6.6 billion, up from $3 billion in 2023. The terms of the recapitalization, which traditionally use equity or debt to fund growth, strengthen the balance sheet, or provide liquidity to investors, were not disclosed.The recapitalization was led by Mousse Partners, the family office of Chanel’s…

A Chevrolet Silverado EV and a Chevrolet Brightdrop, which is assembled in Canada, are seen on display at the Canadian International AutoShow in Toronto, Ontario, Canada, February 13, 2025. Carlos Osorio | ReutersDETROIT — General Motors’ third-quarter results next week will include a $1.6 billion impact from its all-electric vehicle plans not playing out as anticipated. The Detroit automaker Tuesday morning in a public filing said $1.2 billion of the impact will be non-cash, special charges as a result of adjustments to its EV capacity. The other $400 million in cash is primarily related to contract cancellation fees and commercial settlements associated…

Don’t care about supply chains, defense tech, or energy independence? Jamie Dimon just gave you 1.5 trillion reasons to start paying attention.The largest US bank’s focus on investing in four key sectors shows where Dimon is placing his bets: supply chain and advanced manufacturing, defense and aerospace, energy independence and resilience, and frontier and strategic technologies. And as is often the case, where Dimon goes, the rest of the country soon follows.(By the way: JPMorgan just reported third-quarter earnings, beating estimates with $47.12 billion in revenue — about $700 million above expectations — driven by strong trading and investment banking…

Dana Walden and Josh D’Amaro.Michael Buckner | Errich Petersen | Getty ImagesAs 2025 enters its final months, Disney inches closer to the announcement the entire entertainment industry has been waiting for — who will take over for Bob Iger as the company’s next CEO.Disney has publicly stated it will name Iger’s successor in early 2026. Two internal candidates stand out as the most likely contenders: Disney Entertainment co-chairman Dana Walden and Disney Experiences chairman Josh D’Amaro. Walden brings decades of Hollywood expertise; D’Amaro worked in consumer products before his elevation in the theme parks division all the way up to…