Daniel Pinto, JPMorgan’s chief executive of corporate and investment bank. Simon Dawson | Bloomberg | Getty Images The deal-making slowdown that has weighed on Wall Street this year shows no signs of letting up. Investment banking revenue at JPMorgan Chase is headed for a 45% to 50% decline in the third quarter from a year
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In her ongoing crusade to give away at least half of her wealth, billionaire MacKenzie Scott is now gifting mansions to charity. Scott recently donated two of her homes — both in Beverly Hills, California — to the California Community Foundation (CCF), which provides grants to mission-based nonprofits in Los Angeles. The organization intends to
Peopleimages | Istock | Getty Images As open enrollment season gets underway, you may find yourself having to decide whether a health savings account should be part of your 2023 medical coverage. These tax-advantaged accounts let users save for medical expenses. Many companies will soon — or already have started to — hold their annual
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In this article PTON A Peloton stationary bike for sale at the company’s showroom in Dedham, Massachusetts, U.S., on Wednesday, Feb. 3, 2021. Adam Glanzman | Bloomberg | Getty Images Peloton will expand its rental program nationally, the company said Tuesday. The announcement came a day after Peloton unveiled sweeping leadership changes, including the departure
In this article 7974.T-JP OTLY RENT Check out the companies making headlines before the bell: Rent the Runway — Shares dropped 22% after the fashion rental company said it’s laying off 24% its corporate workforce. Additionally, Rent the Runway said it’s cutting $25 million to $27 million in fixed costs to deal with an uncertain
Avalon_studio | E+ | Getty Images There are four big trends impacting the economy and stock market right now — and uncertainty around each is creating challenges for investors, market experts and investment strategists said Monday at the Future Proof wealth conference in Huntington Beach, California. Those high-levels trends are inflation, the Federal Reserve’s interest-rate
In this article CTRN In today’s job market, tuition assistance has become one of the more popular incentives companies are using to attract and keep workers. Now, some employers are going a step further with free college programs to provide even greater financial support. related investing news This little-known senior health care stock can surge
Key Findings Massachusetts’ tax advantage in New England is primarily driven by its competitive individual income tax rate and its sales and use tax structure. The graduated income tax amendment would be paid by many small businesses, in addition to wealthy individuals. The proposed surtax is likely to have negative economic effects that will impact
Los Angeles, CA – November 23: An air travel passenger is hugged while being picked up amid a long line of travelers awaiting rides after arriving at Los Angeles International Airport terminal 1 for the Thanksgiving holiday in Los Angeles on Tuesday, Nov. 23, 2021. Allen J. Schaben | Los Angeles Times | Getty Images
National tourism revenue for the long weekend ended Monday reached 28.68 billion yuan ($4.16 billion), only 60.6% of pre-pandemic levels in 2019, according to China’s Ministry of Culture and Tourism. Pictured here are visitors to the Nantong Intercontinental Green Expo Park in Jiangsu province on Sept. 11, 2022. Vcg | Visual China Group | Getty
James Harden of the Philadelphia 76ers looks to pass against the Toronto Raptors during game five of the Eastern Conference First Round on April 25, 2022. Tim Nwachukwu | Getty Images For NBA player James Harden, boosting financial know-how among young adults is personal. Harden, a point guard and shooting guard who recently signed a
Commercial property is a bright spot in Chinese real estate, in contrast with the doom and gloom of the residential housing market. Property analysts and developers said offices, warehouses and business parks are proving resilient, and continuing to turn over steady rental revenue — albeit discounted due to softer demand. Hong Kong-listed property group KWG
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In this article PTON Peloton on Monday announced the resignations of two of the company’s founders and another top executive, marking the end of an era for the struggling fitness-equipment company as CEO Barry McCarthy dramatically reshapes the business. Co-founder and former CEO John Foley resigned from his position as executive chairman of the board
In this article ORCL Oracle CEO Safra Catz speaks during the SelectUSA Investment Summit in Oxon Hill, Maryland, on June 19, 2017. The SelectUSA Investment Summit brings together companies from all over the world, economic development organizations from every corner of the nation and other parties working to facilitate foreign direct investment (FDI) in the
Goldman Sachs is planning on cutting several hundred jobs this month, making it the first major Wall Street firm to take steps to rein in expenses amid a collapse in deals volume. The bank is reinstating a tradition of annual employee culls, which have historically targeted between 1% and 5% of lower performers, in positions
Source: Getty Images If you missed the deadline for 2019 or 2020 tax returns, you may receive a refund for late-filing penalties. But you must file overdue returns by Sept. 30 to qualify. The IRS will shell out more than $1.2 billion in collective refunds or credits to nearly 1.6 million late filers, according to
Daniel Trush was just 12 years old when a brain aneurysm rupture changed the course of his entire life. “I went into a coma, and I was in a coma for 30 days — and I was in the hospital and rehab for a total of 341 days,” said Daniel, who is now 38 and