Author: Press Room

JPMorgan Chase on Thursday promoted two of its top executives into newly created co-president roles, marking the latest step in CEO Jamie Dimon’s long-running succession planning while announcing the retirement of one of Dimon’s most prominent potential successors.Doug Petno and Troy Rohrbaugh, who have jointly led the bank’s commercial and investment banking division since early 2024, were named co-presidents of JPMorgan effective immediately, according to a regulatory filing.As part of the changes, Petno, 61, becomes the sole chief executive of the commercial and investment banking division, while Rohrbaugh, 56, will take over as CEO of the firm’s consumer and community…

NEWYou can now listen to Fox News articles! Rep. Harriet Hageman, R-Wyo., is sounding the alarm over polling revealing that a record-low number of Americans were “very proud” of their country last year.”In Gallup’s 25-year patriotism survey, just 17 percent, or less than 1 in 5 American adults, reported that they were ‘very proud’ of being an American,” Hageman said in a floor speech on Tuesday.”Our excitement for America has been dimmed by accusations of an unacceptable morality, our self-image tarnished by a novel self-flagellation,” she added.Hageman’s speech, set to be delivered in the coming week, argues that the country…

Asian markets are learning that the AI boom has a price tag. A week that began with record highs ended with investors questioning whether surging demand for memory chips is becoming an inflation problem for technology buyers. Apple’s decision to raise prices on iPads and MacBooks rattled sentiment, even as Micron’s earnings showed that chipmakers remain on the right side of the boom. The result was a sharp pullback across Asia, a firmer dollar, renewed pressure on the yen and a more complicated read on risk before the quarter closes.Apple turns AI demand into a cost shockMSCI’s broadest index of…

The hotly debated reopening of downtown Winnipeg’s Portage Avenue and Main Street intersection has not significantly affected traffic safety in the past year, according to officials. The sidewalks of the iconic intersection were blocked by concrete barricades beginning in February 1979. Portage and Main remained closed to pedestrians from then until last June, despite a number of attempts to reopen it, including a 2018 plebiscite. 1:48 The history of Portage and Main Since its reopening on June 27 of last year, Manitoba Public Insurance (MPI) said there have been no pedestrian-involved collisions at the intersection. Story continues below advertisement In terms…

Art Garfunkel has claimed his long and often turbulent relationship with Paul Simon has reached a place of reconciliation.The 84-year-old singer reflected on the enduring bond with his Simon and Garfunkel partner – also 84 – in an interview with People.Garfunkel explained the pair met for dinner last year after years of well-publicised tensions. His comments come as he continues his What a Wonderful World tour, and follows renewed interest in Simon and Garfunkel’s legacy after the release of the 2024 documentary In Restless Dreams: The Music of Paul Simon.”We had a dinner last year. It was very lovely. There…

Chip giants SK hynix and Samsung were down around 5 per cent each in early trading.The index has seen some wild moves this week – including Tuesday’s 10 per cent drop – amid waxing and waning optimism over the AI boom.Tokyo, which is also heavy with tech firms, shed more than 3 per cent. Tech investment giant SoftBank plunged more than 12 per cent as the New York Times reported that ChatGPT-maker OpenAI is considering holding off an initial public offering until 2027.There were also steep losses in Hong Kong, Shanghai, Singapore and Taipei.The losses came even as investors pared…

Less than a week after the signing of the memorandum of understanding between Tehran and Washington brought the stuttering, three-month-long US-Israel war on Iran to a close – for now – the verdict of Washington’s principal ally, Israel, was in.According to a recent poll, an overwhelming 92 percent of Israelis felt the US has signed away their victory over a decades-old enemy, with almost half of those polled saying Israel should continue its attacks on Lebanon and the pro-Iran group Hezbollah, irrespective of the urgings of Washington, its principal ally and sponsor.Recommended Stories list of 4 itemsend of listIsrael has…

A trove of newly released internal emails offers a new look at how the Centers for Disease Control and Prevention navigated some of the most controversial public health decisions of President Trump’s second term — and, at times, chafed at pressure from Health and Human Services Secretary Robert F. Kennedy Jr. and his team.The emails span from the administration’s early days — when HHS sought to shut down a flu vaccine advertising campaign — to the dramatic firing of CDC Director Susan Monarez last August. They were formally released Thursday by Democrats on the Senate Committee on Health, Education, Labor…

NEWYou can now listen to Fox News articles! Barry Morphew allegedly used a fake name while living in Arizona before his arrest in his wife’s murder case, even moving in with a woman for a month while concealing his true identity, according to a newly released arrest report.Morphew was indicted by a grand jury on charges of murder in the first degree after deliberation on June 20, 2025, in relation to the death of his wife, 49-year-old Suzanne Morphew, who was also the mother to two daughters. She disappeared on Mother’s Day in 2020 in Colorado, where the couple lived.…

After a record-setting season for snowfall, Sunshine Village is taking advantage of what’s left and opening for 16 days of summer skiing. The resort saw more than 1,000 cm fall through the winter and into the late spring.Its practice of snow farming allowed crews to move the snow pack around and build a base of up to six feet in some areas for the 10 runs, three terrain parks and two chairs to open in June and July. 1:58 The snow must go on: Alberta skiing resort reopens in the middle of summer It’s only the third time since the…