JetBlue and American Airlines terminate cross-ticketing deals

JetBlue and American Airlines terminate cross-ticketing deals

American and JetBlue have made the decision to stop selling seats on each other’s flights starting next Friday. This comes after a federal judge ruled that their partnership in the Northeast violated antitrust laws. The judge ordered the airlines to end their partnership, which allowed them to share passengers, revenue, and coordinate schedules in the …

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Midday Market Movers: UNH, JPM, MSFT, JBLU show significant stock changes

Midday Market Movers: UNH, JPM, MSFT, JBLU show significant stock changes

Below is the rewritten content: A wallet displays a UnitedHealth Group health insurance card. (Oct. 14, 2019) Image: Lucy Nicholson | Reuters Discover the latest market movers during midday trading. JPMorgan Chase — Despite reporting strong second-quarter results, JPMorgan Chase’s shares experienced a slight decline. The bank benefited from higher interest rates and outperformed in …

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Apollo and Blackstone Show Support for Stricter Bank Regulations

Apollo and Blackstone Show Support for Stricter Bank Regulations

Jamie Dimon, the CEO of JPMorgan Chase, testified during the Senate Banking, Housing, and Urban Affairs Committee hearing titled “Annual Oversight of the Nation’s Largest Banks” in the Hart Building on September 22, 2022. Image: Tom Williams | CQ-Roll Call, Inc. | Getty Images JPMorgan Chase executives warned on Friday that stricter regulations following a …

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Citigroup’s Q2 Earnings Report for 2023 Revealed

Citigroup’s Q2 Earnings Report for 2023 Revealed

Citigroup shares rose in premarket trading on Friday following the release of better-than-expected second-quarter earnings and revenue. Despite the beat, Citi’s revenue declined 1% compared to the previous year due to the negative impact of market decline and investment banking businesses on its results. Citi attributed this decline to the uncertain macroenvironment and low volatility, …

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Earnings Report for JPMorgan Chase (JPM) in the Second Quarter of 2023

Earnings Report for JPMorgan Chase (JPM) in the Second Quarter of 2023

Jamie Dimon, chairman and CEO of JPMorgan Chase, held a lunch meeting with the New Democrat Coalition at the U.S. Capitol in Washington, D.C., on June 6, 2023. Nathan Howard | Bloomberg | Getty Images JPMorgan Chase is set to release its second-quarter results before the opening bell on Friday, signaling the beginning of the …

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Midday Shuffle: Nvidia, Carvana, Disney, Amazon Stocks on the Move

Midday Shuffle: Nvidia, Carvana, Disney, Amazon Stocks on the Move

Amazon delivery package seen in front of a door. Sopa Images | Lightrocket | Getty Images Discover the latest developments in the stock market during midday trading. Alphabet — The parent company of Google has gained 4.4% after introducing Bard AI, its advanced language model, which is now available in Brazil and the European Union. …

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Central banks will adjust the goalposts to prevent a global recession

Central banks will adjust the goalposts to prevent a global recession

A Now Hiring sign is visible inside a Whole Foods store in New York City. Adam Jeffery | CNBC According to veteran strategist David Roche, the global economy is likely to avoid a recession, necessitating a change in the approach to inflation for central banks. High inflation has prompted many major economies to implement tight …

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