JPMorgan Chase CEO Jamie Dimon dropped $26.6 million of his own money on Thursday to buy his bank’s recently battered shares. The purchase was disclosed in a company filing and added 500,000 shares of JPMorgan Chase to his portfolio and various family trusts. It brings his total JPM holdings to 6.7…
Starbucks chief executive Howard Schultz is urging more Americans to vote. He believes higher voter turnout will help a political process that he describes as a “circus” a in a video Starbucks released Friday of a recent company meeting. “There should be a level of discourse that is respectful and we should be…
Apple wants to follow the latest trend by producing its first original scripted television series and it will star Dr. Dre, according to an exclusive report in The Hollywood Reporter. The six episode series entitled “Vital Signs” and will follow a plot described as “semi-autobiographical” about the legendary rapper’s life….
The world once again is getting a bit nervous about the health of big banks based in Europe. Not only are bank stocks currently plummeting at what many feel is an alarming pace, investors are now making bets that some banks might even default on their debt should the global economy sink into a…
Retail players are running for the exits, markets around the world are showing the strain and everyone is asking “where’s the bottom?” A lot of focus is on this weeks Federal Reserve meeting, but Janet Yellen is clearly in a tough spot. If she raises rates the markets are likely…
The number of Americans filing for unemployment benefits rose more than expected last week. This is suggesting some loss of momentum in the labor market that we saw in late 2015. The decline is amid a sharp economic slowdown and stock market selloff. A big sign of employment weakness was also…
Shares of Facebook rocketed 15% after well l-received earnings report. Investors clearly like what Facebook is doing and the stock price reflects it. Earnings were 79 cents per share on $5.84 billion in revenue in the quarter. The highest estimates on the Street had called for earnings of 75 cents and revenue…
We know that public education comes up short when it comes to financial literacy. Mainly it is left up to parents are teaching kids about finances and if your parents are not good with their money, they are going to struggle teaching their kids. Sadly for those thrust into adulthood…
So you would think that the stock price would soar.. right? Not so. Shares of AAPL are off as much as 5% this morning. In a nut shell Tim Cook Apples CEO says the economy world wide is just pain bad! There is a bright spot however, Cook believes this one…
Did you know that your Uber account is about 17 times more valuable to a hacker than your credit card information, according to a report the security company Trend Micro compiled for CNBC. They found that on average stolen Uber credentials sell for an average of at least $3.78 per account…