Money

The economy may not have fully recovered yet, but that’s no problem for America’s biggest bank. JPMorgan Chase reported a record profit of $12.1 billion for the fourth quarter Friday — easily topping Wall Street’s forecasts. But JPMorgan Chase CEO Jamie Dimon still sounded a bit nervous about the near-term economic outlook, citing the lingering

It’s a rocky road to disrupt the ice cream industry, but sundae you may get your soft serve from a pod. A new machine called ColdSnap, which looks and functions like a Keurig for soft serve ice cream, has emerged as one of the buzziest products of this year’s all-digital CES tech show. At a

Groups and individuals spreading lies about the 2020 election and calling to protest the outcome have continued to hide in plain sight on Facebook, even as COO Sheryl Sandberg this week tried to downplay the platform’s role in the Capitol riots. From altering the names of their online forums to abusing the core features of

Groups and individuals spreading lies about the 2020 election and calling to protest the outcome have continued to hide in plain sight on Facebook, even as COO Sheryl Sandberg this week tried to downplay the platform’s role in the Capitol riots. From altering the names of their online forums to abusing the core features of

The Trump administration is inflicting even more damage on Chinese businesses — including smartphone maker Xiaomi — with just days to go before President-elect Joe Biden takes office. The US Defense Department on Thursday added nine Chinese firms, including Xiaomi, to a list of companies the agency claims are owned or controlled by China’s military.

Samsung’s new Galaxy S21 lineup has an updated look and lower price tags, but customers will also notice two items missing from the box: headphones and a charger. In a digital press conference on Thursday, with the tagline “Welcome to the Everyday Epic,” the company demoed its three new Galaxy S21 smartphones in varying sizes

Petco is hoping the third time is the charm. The 55-year-old pet retailer launched its third IPO in company history Thursday — and this time it’s taking aim at fast-growing online rivals like Chewy. The red-hot IPO market welcomed Petco back to the public markets with open arms. After raising $817 million, Petco’s shares surged

President Donald Trump certainly lived up to his self-proclaimed status as the King of Debt during his term in office. The national debt spiked by $7 trillion during Trump’s tenure — and it’s about to soar much higher under his successor. Armed with a slim majority in the US Senate, President-elect Joe Biden is expected

The bitcoin roller coaster continues. The price of the top cryptocurrency hit an all-time high of nearly $42,000 less than a week ago before quickly falling back to around $30,000 — more than a 20% plunge. But it has roared back in recent days and is once again trading just shy of $40,000. The drastic

Billionaire Republican donor and Home Depot co-founder Ken Langone said he feels “betrayed” by President Donald Trump after the attempt to overturn the election, and he vowed to do everything he can to support Joe Biden as the new president. Langone, who voted for Trump in 2016 and gave him credit for improving the economy,

Law enforcement agencies are rounding up suspected rioters, combing through social media evidence, and uncovering the true depth of the plot to overtake the Capitol and stop the certification of Joe Biden’s election. The story is getting bigger every day. But there is also a concerted effort underway, all across the pro-Trump media landscape, to

Big banks, climate activists and banking reform advocates don’t agree on much, but they joined forces to denounce a proposed Trump administration rule that would make it harder for banks to cut ties with the fossil fuel industry. The rule, adopted Thursday by the Office of the Comptroller of the Currency, requires large banks to

The record stock market run is great news for BlackRock: The owner of the super popular iShares family of exchange-traded funds reported earnings and revenue for the fourth quarter Thursday that easily topped forecasts. BlackRock, the world’s largest money management firm, ended the year with nearly $8.7 trillion in total assets — an increase of

Christopher & Banks is joining the long list of retailers filing for bankruptcy and disappearing from America’s malls. The womenswear company filed for Chapter 11 on Thursday, a result of “financial distress resulting from the pandemic and its ongoing impact,” it said. Christopher & Banks, which has approximately 400 locations in 44 states, said it

Germany’s economy held up better in the pandemic than it did during the global financial crisis, despite a second wave of lockdowns in the fourth quarter and the reversal of more than a decade’s growth in employment and trade. The country’s Federal Statistics Office on Thursday forecast a 5% contraction in the economy in 2020