FINANCE

AI startup Cognition Labs seeks $2B valuation amid investor frenzy

Artificial intelligence will no doubt change much about our world in the long run. But for now, we may be…

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‘Friend of China’ Larry Summers warns Beijing that its actions make it hard to push for better ties

This bipartisan sentiment makes it challenging for those trying to argue for a more cautious, less aggressive approach to the…

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Boeing just picked the least-expensive option at the top, 5 years and 2 CEOs after its planes started falling out of the sky

Boeing announced this morning that CEO Dave Calhoun would depart the company and that an executive with three decades of…

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Canopy Growth surges as Germany decriminalizes cannabis

Last summer, the survival of Canopy Growth was in doubt. This week, the Canadian cannabis company watched its stock rise…

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JPMorgan hikes dividends after Jamie Dimon knocks Jerome Powell’s plan for higher capital requirements

JPMorgan Chase & Co. unexpectedly lifted its dividend 9.5% in the wake of a record annual profit and as regulators…

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Trump: 100% tariff for cars made in Mexico by Chinese firms

Donald Trump said he would hit cars made in Mexico by Chinese companies with a 100% tariff, double the levy he…

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Under Armour founder Kevin Plank is back as CEO, abruptly ending Stephanie Linnartz’s three-year turnaround plan two years early

Stephanie Linnartz got even less time than expected to fix Under Armour’s many problems. Linnartz, a veteran executive who was…

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Reddit’s planned IPO aims to raise up to $748 million

Reddit Inc. and its investors are seeking to raise as much as $748 million in what would be one of the…

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Texas fires follow Warren Buffett’s warning on utilities

Massive wildfires sparked by power lines used to be a California problem, one many utility executives considered safely confined to…

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Jamie Dimon takes a stand by signing JPMorgan up as the first big bank to reveal a key clean energy metric to investors

The dean of Wall Street CEOs is green. JPMorgan Chase today struck an agreement with three New York City pension…

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