Jamie Dimon states AI will reduce banking jobs at JPMorgan while increasing hiring for AI roles and efficiency. JPMorgan Chase CEO Jamie Dimon said artificial intelligence will lead to fewer traditional banking jobs at the firm, which holds $4.4 trillion in assets. Dimon n
SHIP consensus estimates project $0.39 EPS and $42.64M revenue, surging 244.4% and 76.2% year-over-year, respectively. Seanergy Maritime (SHIP) will release Q1 2026 earnings on May 28 before the market opens. Analysts expect $0.39 earnings per share, a 244.4% increase from
The hot data center stock Modine Manufacturing (MOD) set up to extend its rebound on Wednesday after a blowout earnings report. A day earlier the stock soared almost 20% after reporting a long-term agreement to provide an unidentified data center operator with up to $4 bil
When a stock hits a new 52-week low, it can be due to several factors, including a poor business performance or broader macroeconomic conditions weighing on its valuation. A stock that's fallen to a new low isn't always going to recover, but it may not always be destined t
Since last fall, T-Mobile has been led by Srini Gopalan, who officially became CEO on Nov. 1. He has repeatedly expressed his goal of making T-Mobile a digital-first company and has recently been ushering in companywide changes to achieve it While this initiative ha
Bath & Body Works may have beat Wall Street expectations on the top and bottom lines, but chief executive officer Daniel Heaf was not satisfied with first-quarter results. Bath & Body Works’ first-quarter net sales came in at $1.4 billion, down 3 percent from a year earlie
Broadcom (AVGO) stock is biding time in a buy zone of a cup base ahead of the next earnings report, due soon. Analysts expect bolstered sales and profit growth, making it Wednesday's IBD 50 Growth Stocks To Watch pick Broadcom pulled back during Wednesday's session
Nasdaq and S&P 500 closed positive The Nasdaq Composite and S&P 500 closed in positive territory, driven by renewed strength in technology stocks. The blue chip Dow was up 0.5%. The benchmark S&P 500 also saw gains, as Wall Street looks for clear direction on Wed
Short interest reaches 2008 levels while the S&P 500 rallies 17% from March lows on potential U.S.-Iran deal easing oil prices. The S&P 500 has climbed 17% from March lows to fresh all-time highs, even as short interest hits its highest level since 2008. The surge is fuele
Groupon reduced its workforce by 23% and raised earnings guidance, prompting a 10% stock gain amid mixed quarterly results. Groupon (NASDAQ: GRPN) announced the layoff of 400 employees, or 23% of its workforce, attributing the move to AI-driven efficiencies. The company al
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