JPMorgan Chase on Thursday promoted two of its top executives into newly created co-president roles, marking the latest step in CEO Jamie Dimon’s long-running succession planning while announcing the retirement of one of Dimon’s most prominent potential successors. Doug Petno and Troy Rohrbaugh, who have jointly led the bank’s commercial and investment banking division since…
The Club’s 10 things to watch Thursday, June 25 1. The tech-heavy Nasdaq is set to rally today , led by semiconductor stocks after memory chipmaker Micron signaled supply still can’t keep up with growing AI-fueled demand. S & P and Dow futures are also positive, but to a much smaller degree. U.S. benchmark WTI…
Johner Images | Johner Images Royalty-free | Getty Images Americans are increasingly worried that retirement will be less secure for them than it was for their parents. About 76% of workplace savers surveyed said they believe their generation will have less certainty about retirement income than previous generations, according to a new BlackRock survey. The…
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 Images JPMorgan Chase on Wednesday unveiled a new $50 billion share repurchase program and raised its quarterly dividend after the Federal Reserve found the…
A person shields themselves from the rain while walking near the Bank of England building on the day the Monetary Policy Committee lowered interest rates, in London, Britain, Dec.18, 2025. Toby Melville | Reuters U.K. inflation held at 2.8% in May, slightly below expectations, official figures showed on Wednesday. Economists polled by Reuters had been…
Public markets are beginning to reopen for biotech companies after several years of muted activity. But the strongest companies may still be more likely to sell themselves to Big Pharma rather than testing investor appetite in an IPO, according to JPMorgan’s top healthcare dealmakers. The IPO window has reopened for high-quality biotech companies, but investors…
Charlie Javice leaves Manhattan federal court after being sentenced to 85 months in prison for defrauding JPMorgan Chase & Co., in New York City, U.S., Sept. 29, 2025. Jeenah Moon | Reuters Charlie Javice, who was convicted of defrauding JPMorgan Chase after selling her company, is seeking a pardon from the Trump administration, The Wall…
A video displays Elon Musk, founder of SpaceX, after the company’s initial public offering at the Nasdaq MarketSite in New York on June 12, 2026. Michael Nagle | Bloomberg | Getty Images Shortly before the opening of Nasdaq trading on Friday, Elon Musk stepped in front of a cheerful crowd at SpaceX’s company town in…
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, is sworn in during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing in Washington, DC, US, on Tuesday, April 21, 2026. Graeme Sloan | Bloomberg | Getty Images It’s officially “Chairman” Kevin Warsh, not “chair.” The Federal Reserve website…
SpaceX executives and employees ring the opening bell at the Nasdaq MarketSite to celebrate the launch of SpaceX’s initial public offering in New York on June 12, 2026. Adam Jeffery | CNBC Thousands of SpaceX employees who have suddenly become millionaires are redefining the wealth management business with their combined fortunes. As CNBC reported earlier…
