The recent attempted assassination of former President Donald Trump at a Pennsylvania rally has prompted the leaders of Wall Street’s most powerful firms to speak out and condemn the act of violence. JPMorgan Chase CEO Jamie Dimon expressed his deep sadness over the incident and emphasized the importance of standing together against hate, intimidation, and
Business
Goldman Sachs reported impressive second-quarter earnings that surpassed both profit and revenue estimates. The bank’s earnings per share stood at $8.62, outperforming the projected $8.34 per share by LSEG estimate. Additionally, revenue amounted to $12.73 billion, surpassing the $12.46 billion estimate. A major highlight for Goldman Sachs in the second quarter was its fixed income
Dollar General, a popular retail chain in the United States, was recently fined $12 million by the U.S. Department of Labor for workplace safety violations. This hefty penalty is in addition to the $21 million in fines that the company has accumulated since 2017 due to various safety infractions in its thousands of stores across
The recent fallout caused by the collapse of fintech intermediary Synapse had left thousands of Americans with their savings stuck in frozen accounts for the past two months. However, there seems to be a glimmer of hope on the horizon as banks involved in the debacle have made significant strides in piecing together account information
The Federal Trade Commission is preparing to file lawsuits against three major U.S. health companies for their role as intermediaries in negotiating medication prices, particularly for insulin. These companies include UnitedHealth Group’s Optum Rx, CVS Health’s Caremark, and Cigna’s Express Scripts. The FTC claims that their practices lead to higher costs for patients, ultimately inflating
Athletic Brewing Company, a leading nonalcoholic brewer, has recently announced that it has secured an additional $50 million in equity financing. The round was led by General Atlantic, with expectations that General Atlantic will continue to invest significantly beyond that initial amount. The company plans to utilize this funding to increase its production capacity and
In a surprising turn of events, Paramount Global has agreed to merge with Skydance, marking a significant shift in ownership for the storied movie studio and media company. The merger, which was announced after months of negotiations, will see the Redstone family stepping away from control of Paramount, bringing in a new era for the
The semiconductor industry is currently experiencing a shortage of skilled workers in a highly competitive labor market. As the demand for talent continues to increase, the industry is struggling to fill crucial roles in areas such as technicians, computer scientists, and engineers. According to a study from the Semiconductor Industry Association, the U.S. chips industry
The landscape of women’s soccer is experiencing a significant shift with the rise of private equity investments in the National Women’s Soccer League (NWSL). While other major sports leagues in the U.S. have allowed private equity firms to hold passive, minority stakes, the NWSL stands out as the only league that has permitted these firms
Ford recently announced a 1% increase in sales during the second quarter compared to the same period last year. This growth was primarily driven by a 5% increase in truck sales, which totaled 308,920 vehicles. The F-Series, with a total of 199,463 vehicles sold, contributed significantly to this impressive performance. Sales of Ford electric vehicles