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Monthly Archives: February 2019

Congress asked the Fed chief about marijuana banking

Mary F. Calvert | Reuters Federal Reserve Chairman Jerome Powell testifies before a House Financial Services Committee hearing on the “Semiannual Monetary Policy Report to Congress,” at the Rayburn House Office Building in Washington, U.S., July 18, 2018.  Federal Reserve Chairman Jerome Powell said before the U.S. Senate Tuesday that …

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Fiat Chrysler to add 6,500 jobs in major Jeep expansion

Jonathan Ernst | Reuters The 2019 Jeep Cherokee is displayed at the North American International Auto Show in Detroit, Michigan, U.S. January 16, 2018. Fiat Chrysler is pushing its red-hot Jeep brand into a higher gear with a major production expansion. The automaker says it will hire 6,500 workers and …

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Pharma execs offer Senate ideas to lower drug costs, except price cuts

Andrew Harrer | Bloomberg | Getty Images Ken Frazier, chairman and chief executive officer of Merck & Co., left, speaks as Robert Bradway, president and chief executive officer of Amgen Inc., center, and Joaquin Duato, executive vice president and worldwide chairman of pharmaceuticals at Johnson & Johnson, listen during a …

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Appeals court upholds decision allowing AT&T to buy Time Warner

Janhvi Bhojwani | CNBC Randall Stephenson, CEO of AT&T, speaking at the Business Roundtable CEO Innovation Summit in Washington, DC. on Dec. 6th, 2018.   A federal appeals judge ruled Tuesday AT&T’s merger with Time Warner can stand. The ruling brings closer the conclusion of a years-long merger process that has …

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JP Morgan says first quarter trading revenue to drop significantly

Peter Foley | Bloomberg | Getty Images Traders work at the JPMorgan Chase & Co. booth on the floor of the New York Stock Exchange (NYSE) in New York. Wall Street’s trading desks are off to a tepid start this year. J.P. Morgan Chase, the world’s biggest investment bank, said …

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JPMorgan 2019 Investor Day news

Adam Jeffery | CNBC Jamie Dimon, Chairman and CEO of JP Morgan Chase speaking at the New York Economic Club on Jan. 16, 2019. J.P. Morgan Chase says it is expanding its branch network to cover 93 percent of the U.S. population by the end of 2022. The aggressive growth …

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M&S and Ocado in talks over British retail joint venture

Gareth Fuller | PA Images via Getty Images A view of the Marks & Spencer branch in Ashford, Kent. British retailer Marks & Spencer is in talks with online supermarket Ocado to secure a food delivery service for the first time, sending shares in both groups soaring. The companies released …

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Boeing nominates former Trump UN ambassador Nikki Haley to board

Bruce Smith | AP Then South Carolina Gov. Nikki Haley speaks during the dedication of Boeing Co.’s $750 million final assembly plant in North Charleston, S.C. on Friday, June 10, 2011. Boeing announced Tuesday the nomination of former U.S. Ambassador to the United Nations Nikki Haley for election to the …

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Facebook, Instagram remove UK far-right activist Tommy Robinson

Jack Taylor | Getty Images Far-right figurehead Tommy Robinson, real name Stephen Yaxley-Lennon, greets supporters outside the Old Bailey after his case was adjourned on September 27, 2018 in London, England. Facebook pulled the official page and Instagram account belonging to British far-right activist Tommy Robinson, citing its policies around …

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‘Something is broken with SEC oversight’

Mark Brake | Getty Images Elon Musk speaks at the International Astronautical Congress on September 29, 2017 in Adelaide, Australia. Musk detailed the long-term technical challenges that need to be solved in order to support the creation of a permanent, self-sustaining human presence on Mars. Tesla CEO Elon Musk lashed …

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