CNBC News

J. P. Morgan Chase‘s Chairman and CEO Jamie Dimon will stay in that role for another five years, the bank said Monday, though it named two lieutenants to a co-president job. Daniel Pinto, 55, and Gordon Smith, 59, will start their new roles as co-president and co-chief operating officers on […]

The 10 best January’s for stocks have two things in common — the full year ended with a gain and there was also a fairly significant sell off. Strategas studied the 10 biggest January gains for the S&P 500 since 1950, and found the advances ranged from 5.8 percent, in […]

Apple is testing several key levels of support ahead of its earnings report due out later this week. The chart, at least over the course of the last week, isn’t pretty. Apple just posted its worst week since last September amid a slew of bad news, like cautious analyst coverage […]

Republicans are wasting no time getting ready for the 2018 Senate campaign, as several outside GOP groups have raised a record amount of money for the upcoming midterm elections. Campaign finance groups allied with Sen. Majority Leader Mitch McConnell, R-Ky., have assembled a $31.6 million war chest as of the […]

Exxon Mobil, the world’s largest publicly traded oil company, on Monday said it plans to invest $50 billion in the United States over the next five years. Darren Woods, chairman and CEO of Exxon, said in a blog post that the investment is partly due to recently passed tax cuts. […]

Microsoft on Monday announced that it has acquired PlayFab, a start-up with cloud-based tools for game developers. Terms of the deal weren’t disclosed. The deal comes as Microsoft aims to become a closer competitor to market leader Amazon Web Services, which introduced a set of tools for game developers about […]

The Cleveland Indians are removing the divisive Chief Wahoo logo from their jerseys and caps starting in the 2019 season. Following numerous discussions with Major League Baseball and Commissioner Rob Manfred, the Indians will no longer wear the big-toothed, smiling, red-faced caricature during games. The iconic logo, which has been […]

Nearly 75 years after he founded IKEA, revolutionizing the way affordable furniture is designed and distributed, Swedish business magnate Ingvar Kamprad died on Saturday at the age of 91. Kamprad built a global company and became a self-made billionaire in the process. Upon his death, Kamprad was the eighth-richest person […]

The Trump administration labored to clarify on Monday that it currently has no plans to build its own ultra-fast 5G wireless network, despite publication of a memo that suggested the idea was under consideration. At issue is a proposal put forth by an unnamed official at the National Security Council, […]

As the busiest week for earnings begins, five tech giants reporting this week could cause a gain or reduction of $181 billion in value for investors. Facebook and Microsoft kick things off after the closing bell on Wednesday, and the options market is implying about a 5.5 percent move in […]