JPMorgan Chase appointed Doug Petno and Troy Rohrbaugh as co-presidents, creating new leadership roles amid CEO Jamie Dimon's succession planning. Petno will lead the Commercial & Investment Bank, while Rohrbaugh takes over Consumer & Community Banking, succeeding Marianne Lake, who is retiring. Lake had been a top contender to replace Dimon, but her retirement opens the field for new leadership. These changes aim to ensure strong leadership continuity at the largest U.S. bank.
The Chase Ink Business Unlimited credit card now offers a limited-time $1,000 bonus cash back after spending $8,000 in the first four months. Applicants typically need a credit score of 670 or higher for the best approval chances, though other factor...
Vanguard High Dividend Yield Index Fund ETF (VYM) provides income through dividends from over 500 U.S. stocks, focusing on large, profitable companies like Broadcom and JPMorgan Chase. With a very low expense ratio of 0.04%, nearly all dividends are ...
Tech stocks declined with Apple dropping over 6% and Microsoft down 3.5% after both raised prices citing higher memory chip costs driven by AI demand. Micron surged 15% post-earnings but later fell on OpenAI IPO delay news, dragging the Nasdaq to its...
Legendary investor Jeremy Grantham has issued a warning about what he calls the largest market bubble in American history, fueled by excitement around artificial intelligence and companies like SpaceX. Grantham highlights extreme market euphoria and ...
All 32 major U.S. banks successfully passed the Federal Reserve's 2026 stress test, demonstrating strong capital resilience even under severe economic conditions. The Fed has also frozen Stress Capital Buffer requirements through 2027, allowing banks...
