Business
BNY raises profit target as CEO Robin Vince says ‘turnaround’ is taking hold
Robin Vince President & CEO BNY Mellon, speaking on CNBC’s Squawk Box at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Adam Galici | CNBC BNY, which calls itself the world’s largest custody bank, is raising a pair of key performance targets as CEO Robin Vince says a turnaround that began when he […]
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Data center REIT CEO says real estate ‘not in an oversupply state’
A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. As hyperscalers like […]
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JPMorgan Chase says banks could fight Trump credit card rate cap: ‘Everything’s on the table’
JPMorgan Chase CFO Jeremy Barnum hinted Tuesday the industry could fight President Donald Trump’s demand for credit card price controls, saying “everything’s on the table.” “If you wind up with weakly supported directives to radically change our business that aren’t justified, you have to assume that everything’s on the table,” Barnum said in a call […]
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Fanatics to launch sports media and entertainment studio
Fanatics CEO Michael Rubin shake hands with a collector during the 45th National Sports Collectors Convention at the Donald E. Stephens Convention Center in Rosemont, Illinois, July 31, 2025. Audrey Richardson | The Washington Post | Getty Images Sports merchandising giant Fanatics announced on Tuesday the launch of Fanatics Studios, a media and entertainment studio […]
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Delta CEO sees record earnings in reach again thanks to high-end travel demand
A Delta Air Lines Boeing 767-332(ER). Joan Valls | Nurphoto | Getty Images Delta Air Lines‘ earnings could jump more than 20% this year from 2025 thanks to robust travel demand, particularly at the high end of the market, and potentially reach a record, CEO Ed Bastian said. Delta on Tuesday forecast adjusted earnings per […]
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Discount grocer Aldi plans to open more than 180 stores in U.S. this year as customers across incomes seek value
As Americans across incomes look to trim the grocery budget, Aldi plans to open more than 180 stores in the U.S. this year — including on the traditional turf of rival supermarkets and big-box stores. The German grocer’s latest growth plans follow an already aggressive expansion over the past decade. Aldi, which is known for […]
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Abercrombie & Fitch shares plunge 17% as retailer cuts its holiday guidance
Some retailers provided early holiday results on Monday that showed the crucial shopping season was solid, but didn’t blow away expectations. Lululemon, which is preparing for a new CEO and staring down a proxy battle with its founder, said in a release it expects its holiday quarter to be “toward the high end” of its […]
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JPMorgan’s looming question: What happens when CEO Jamie Dimon leaves?
As Wall Street’s top bankers huddled in New York last month, preparing to convince Elon Musk’s SpaceX that they should be chosen to lead its upcoming IPO, one firm wasn’t letting its star advisor miss the bake-off. Among the squad of JPMorgan Chase investment bankers flying 2,500 miles west to California to pitch SpaceX was […]
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Jersey Mike’s strikes European expansion deal led by founder Peter Cancro
Jersey Mike’s Subs is taking its signature sandwiches overseas with its first European expansion set for this year, the company said Monday. Leading the push is the brand’s founder and board chair, Peter Cancro, via his company, JM Submarines UK LTD. The deal between Jersey Mike’s and Cancro’s entity calls for 400 stores to be […]
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Allegiant to buy rival budget airline Sun Country in $1.5 billion cash and stock deal
An Allegiant Airlines jet flies out of Las Vegas Airport. Nick Potts | Getty Images Allegiant Travel said Sunday it is acquiring fellow leisure carrier Sun Country in a $1.5 billion cash and stock deal, including debt, a plan that comes as budget airlines in the U.S. have faced a surge in costs following the […]
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