Jamie Dimon endorses Disney CEO Bob Iger in proxy fight with Nelson Peltz’s Trian Partners

Jamie Dimon endorses Disney CEO Bob Iger in proxy fight with Nelson Peltz’s Trian Partners

Disney CEO Bob Iger speaking with CNBC’s David Faber at the Allen&Co. Annual Conference in Sun Valley, Idaho. David A. Grogan | CNBC JPMorgan Chase CEO Jamie Dimon endorsed Disney CEO Bob Iger in his proxy battle with activist Trian Partners, CNBC’s David Faber has learned. Dimon gave the following statement on Iger to Faber: … Read more

Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

Shareholder payouts hit a record .7 trillion last year as bank profits surged

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by British asset manager Janus Henderson. The Global Dividend Index report, published … Read more

Citadel’s Ken Griffin says the Fed shouldn’t cut too quickly

Citadel’s Ken Griffin says the Fed shouldn’t cut too quickly

Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Ken Griffin, Citadel founder and CEO, thinks the Federal Reserve should move slowly to cut interest rates in its fight against stubborn inflation. “If I’m them, I don’t want to cut too quickly,” Griffin said at the International Futures Industry conference in … Read more

The market version of ‘quickie’ divorce is getting more costly

The market version of ‘quickie’ divorce is getting more costly

Bymuratdeniz | E+ | Getty Images With regulators exerting more scrutiny on mergers and acquisitions, managing risk is increasingly important for companies planning nuptials.  One time-honored corporate M&A prenup strategy, which could become more important going forward, is the use of break-up fees, also known as termination fees. These fees — paid by the buyer, … Read more

DOJ opens investigation into Alaska Airlines incident of door panel blowing out midair, WSJ says

DOJ opens investigation into Alaska Airlines incident of door panel blowing out midair, WSJ says

An Alaska airlines Boeing 737 is taking off from Los Angeles International AirPort (LAX) in Los Angeles, California, on March 6, 2024. Daniel Slim | Afp | Getty Images The Justice Department has started a criminal investigation into the Alaska Airlines incident where a door panel blew out mid-air two months ago, The Wall Street … Read more

President Biden signs $460 billion spending bill to avert a partial government shutdown

President Biden signs 0 billion spending bill to avert a partial government shutdown

U.S. President Joe Biden delivers the State of the Union address to a joint session of Congress in the House Chamber of the U.S. Capitol in Washington, U.S., March 7, 2024.  Elizabeth Frantz | Reuters President Joe Biden on Saturday signed a $460 billion spending bill into law, averting a partial government shutdown that would … Read more

Mega-cap tech stocks dominate many ESG funds. Here’s why

Mega-cap tech stocks dominate many ESG funds. Here’s why

The top holdings of many ESG funds may be surprisingly familiar. While these strategies consider a company’s environmental, social and governance factors, these funds still aim to invest in top performers across industry groups, DWS Group’s Arne Noack explained. “The idea isn’t to be super concentrated and only select a handful of stocks that do … Read more

Wall St Week Ahead: Battle for White House comes into sharper focus for Wall Street

Wall St Week Ahead: Battle for White House comes into sharper focus for Wall Street

Investors fixated on earnings and monetary policy are starting to factor in another variable that could sway markets this year: the 2024 U.S. presidential election. In his State of the Union address on Thursday, U.S. President Joe Biden proposed raising corporate taxes, whereas his opponent, Republican candidate Donald Trump, signed a 2017 law that slashed … Read more

Stock market bubble? Analysts explain why they’re not worried

Stock market bubble? Analysts explain why they’re not worried

Traders work on the floor during morning trading at the New York Stock Exchange on March 6, 2024. Spencer Platt | Getty Images Despite the heavy concentration of the U.S. market rally in expensive, AI-focused tech stocks, analysts say Wall Street is not yet in bubble territory. The S&P 500 has climbed for 16 of … Read more

Tech-heavy Nasdaq leads Wall Street lower as megacaps, chips slide

Tech-heavy Nasdaq leads Wall Street lower as megacaps, chips slide

Wall Street indexes closed lower on Tuesday, with weakness in megacap growth companies such as Apple Inc and the chip sector weighing on the Nasdaq ahead of this week’s crop of economic data and remarks from Federal Reserve Chair Jerome Powell. Tuesday’s economic data was a mixed bag showing slower U.S. services industry growth in … Read more