A ‘Kudlow’ panel analyzes President Donald Trump’s controversial ‘Venezuela oil model’ for Iran, aiming to seize control of Iranian crude. U.S. gasoline prices on Monday topped $4 a gallon nationwide, adding pressure to household budgets as oil markets surge in response to the lingering Iran conflict. Data from GasBuddy showed the national average price for…
JPMorgan Chase (JPM) said on Tuesday it plans to lend $80 billion to US small businesses over the next decade and add 1,000 bankers as part of a wider multiyear push to go after more Main Street customers. JPMorgan CEO Jamie Dimon said the wider plan is part aimed at “reigniting the American Dream” by…
Warren Buffett said he’s not totally done with Berkshire Hathaway. In an interview with CNBC’s Becky Quick, the 95-year-old “Oracle of Omaha” said he’s still closely involved in investment decisions at the massive financial conglomerate he built with his late business partner Charlie Munger. The billionaire investor officially handed the reins to successor Greg Abel…
Good news: Oil traders are betting the Iran war will end fairly soon. Bad news: They’re also betting the economic damage from the war could last for years. Crude has surged above $110 a barrel, making $4-a-gallon gas and $5.40 diesel a painful reality in the United States. But when we say “crude is trading…
JPMorgan Chase (JPM) said on Tuesday it plans to lend $80 billion to US small businesses over the next decade and add 1,000 bankers as part of a wider multiyear push to go after more Main Street customers. JPMorgan CEO Jamie Dimon said the wider plan is part aimed at “reigniting the American Dream” by…
A spicy deal in the world of Big Food. McCormick & Company (MKC) and Unilever (UL) announced on Tuesday that they have entered into an agreement to combine McCormick with Unilever’s foods business, excluding those in India. The deal values the combined company at about $65.8 billion. McCormick shares rose 3% in premarket trading. Unilever…
Whoop (WHOO.PVT) doesn’t appear to be running toward an IPO, but it got another healthy injection of capital. The wearable device company — which dubs itself a “human performance company” — said Tuesday it raised $575 million in Series G funding at a $10.1 billion valuation. Rival Oura Health, the maker of the Oura Ring,…
Tesla (TSLA) will release first quarter deliveries on Thursday, with another slip in sales expected in a challenging EV landscape. Tesla is expected to deliver 364,645 vehicles globally in Q1, per Bloomberg consensus, up nearly 9% year over year, though the company’s total from last year was down due to the changeover to the new…
Delta Airlines CEO Ed Bastian blames Congress for chaos at airports nationwide as lawmakers fail to reach a deal on DHS funding on ‘The Claman Countdown.’ Delta Airlines CEO Ed Bastian ripped Congress for creating a “mess” as lawmakers continue to stall on funding the Department of Homeland Security. In an exclusive sit-down with “The…
Rendering by Steelblue [enlarge] Looking northwest, Main is in the foreground, with the light-rail station at lower left. Other developers, having paid big bucks for office development sites, have shifted their plans to multifamily. Not Tishman Speyer. . . . Source link
